MNR: what changed
MNR
Largest movements
- Stocks and contracts -€6,390
down €6,390 (-22.8%), from €28,041 to €21,651
- Receivables within one year -€5,553
no longer reported in 2025 (was €5,553)
of which Other amounts receivable: -€5,090
- Cash +€4,645
up €4,645 (+492%), from €944 to €5,589
mainly Tax, wage and social debts (+€9,706) and Stocks and contracts (+€6,390)
- Tax, wage and social debts +€9,706
up €9,706 (+2,596%), from €374 to €10,079
- Other debts -€8,476
down €8,476 (-14.8%), from €57,365 to €48,889
- Profit (loss) carried forward -€6,853
down €6,853 (-17.9%), from -€38,223 to -€45,076
- Trade debts -€1,558
down €1,558 (-13.0%), from €12,026 to €10,468
- Gross operating margin +€10,198
up €10,198 (+66.8%), from -€15,261 to -€5,063
- Financial charges -€1,372
down €1,372 (-51.6%), from €2,658 to €1,286
- Other operating charges +€308
up €308 (+157%), from €196 to €504
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,542 | €27,361 | -€7,181 | -20.8% |
| Current assets | 29/58 | €34,542 | €27,361 | -€7,181 | -20.8% |
| Stocks and contracts in progress | 3 | €28,041 | €21,651 | -€6,390 | -22.8% |
| Stocks | 30/36 | €28,041 | €21,651 | -€6,390 | -22.8% |
| Amounts receivable within one year | 40/41 | €5,553 | - | -€5,553 | |
| Trade receivables | 40 | €463 | - | -€463 | |
| Other amounts receivable | 41 | €5,090 | - | -€5,090 | |
| Cash at bank and in hand | 54/58 | €944 | €5,589 | +€4,645 | +492% |
| Deferred charges and accrued income | 490/1 | €4 | €121 | +€117 | +2,874% |
| Total equity and liabilities | 10/49 | €34,542 | €27,361 | -€7,181 | -20.8% |
| Equity | 10/15 | -€35,223 | -€42,076 | -€6,853 | -19.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,223 | -€45,076 | -€6,853 | -17.9% |
| Amounts payable | 17/49 | €69,765 | €69,436 | -€328 | -0.5% |
| Amounts payable within one year | 42/48 | €69,765 | €69,436 | -€328 | -0.5% |
| Trade debts | 44 | €12,026 | €10,468 | -€1,558 | -13.0% |
| Suppliers | 440/4 | €12,026 | €10,468 | -€1,558 | -13.0% |
| Taxes, remuneration and social security | 45 | €374 | €10,079 | +€9,706 | +2,596% |
| Taxes | 450/3 | €374 | €10,079 | +€9,706 | +2,596% |
| Other amounts payable | 47/48 | €57,365 | €48,889 | -€8,476 | -14.8% |
| Other operating charges | 640/8 | €196 | €504 | +€308 | +157% |
| Gross operating margin | 9900 | -€15,261 | -€5,063 | +€10,198 | +66.8% |
| Operating profit (loss) | 9901 | -€15,457 | -€5,568 | +€9,889 | +64.0% |
| Financial income | 75/76B | €8 | €0 | -€7 | -94.1% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -94.1% |
| Financial charges | 65/66B | €2,658 | €1,286 | -€1,372 | -51.6% |
| Recurring financial charges | 65 | €2,658 | €1,286 | -€1,372 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,107 | -€6,853 | +€11,255 | +62.2% |
| Profit (loss) for the period | 9904 | -€18,107 | -€6,853 | +€11,255 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,107 | -€6,853 | +€11,255 | +62.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.