MNRT architecture: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MNRT architecture
Largest movements
- Tangible fixed assets +€43,247
up €43,247 (+149%), from €29,086 to €72,333
of which Furniture and vehicles: +€34,195
- Receivables within one year +€5,962
up €5,962 (+41.9%), from €14,228 to €20,190
of which Trade receivables: +€7,838
- Cash -€1,021
down €1,021 (-12.5%), from €8,158 to €7,137
mainly Investment in fixed assets (net) (-€52,384) and Receivables within one year (-€5,962)
- Debts after one year +€18,649
new in 2025: €18,649
- Profit (loss) carried forward +€16,709
up €16,709 (+116%), from €14,372 to €31,081
- Trade debts +€6,899
up €6,899 (+68.3%), from €10,096 to €16,995
- Current portion of long-term debt +€3,607
up €3,607 (+199%), from €1,812 to €5,419
- Tax, wage and social debts +€2,966
up €2,966 (+89.6%), from €3,311 to €6,277
- Gross operating margin +€28,527
up €28,527 (+738%), from €3,865 to €32,392
- Depreciation +€6,703
up €6,703 (+275%), from €2,435 to €9,137
- Taxes +€4,629
up €4,629 (+1,854%), from €250 to €4,879
- Other operating charges +€381
up €381 (+56.6%), from €673 to €1,054
- Financial charges +€373
up €373 (+155%), from €240 to €614
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,397 | €100,814 | +€48,417 | +92.4% |
| Fixed assets | 21/28 | €29,327 | €72,574 | +€43,247 | +147% |
| Tangible fixed assets | 22/27 | €29,086 | €72,333 | +€43,247 | +149% |
| Furniture and vehicles | 24 | €5,933 | €40,128 | +€34,195 | +576% |
| Other tangible fixed assets | 26 | €23,153 | €32,205 | +€9,052 | +39.1% |
| Financial fixed assets | 28 | €241 | €241 | = | 0.0% |
| Current assets | 29/58 | €23,070 | €28,240 | +€5,170 | +22.4% |
| Amounts receivable within one year | 40/41 | €14,228 | €20,190 | +€5,962 | +41.9% |
| Trade receivables | 40 | €10,601 | €18,439 | +€7,838 | +73.9% |
| Other amounts receivable | 41 | €3,627 | €1,750 | -€1,877 | -51.7% |
| Cash at bank and in hand | 54/58 | €8,158 | €7,137 | -€1,021 | -12.5% |
| Deferred charges and accrued income | 490/1 | €684 | €913 | +€229 | +33.5% |
| Total equity and liabilities | 10/49 | €52,397 | €100,814 | +€48,417 | +92.4% |
| Equity | 10/15 | €34,533 | €51,242 | +€16,709 | +48.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,561 | €1,561 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,561 | €1,561 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,561 | €1,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,372 | €31,081 | +€16,709 | +116% |
| Amounts payable | 17/49 | €17,864 | €49,572 | +€31,708 | +177% |
| Amounts payable after more than one year | 17 | - | €18,649 | +€18,649 | |
| Financial debts | 170/4 | - | €18,649 | +€18,649 | |
| Amounts payable within one year | 42/48 | €17,864 | €30,923 | +€13,059 | +73.1% |
| Current portion of amounts payable after more than one year | 42 | €1,812 | €5,419 | +€3,607 | +199% |
| Trade debts | 44 | €10,096 | €16,995 | +€6,899 | +68.3% |
| Suppliers | 440/4 | €10,096 | €16,995 | +€6,899 | +68.3% |
| Taxes, remuneration and social security | 45 | €3,311 | €6,277 | +€2,966 | +89.6% |
| Taxes | 450/3 | €3,311 | €6,277 | +€2,966 | +89.6% |
| Other amounts payable | 47/48 | €2,645 | €2,233 | -€412 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,435 | €9,137 | +€6,703 | +275% |
| Other operating charges | 640/8 | €673 | €1,054 | +€381 | +56.6% |
| Gross operating margin | 9900 | €3,865 | €32,392 | +€28,527 | +738% |
| Operating profit (loss) | 9901 | €758 | €22,201 | +€21,444 | +2,830% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.8% |
| Financial charges | 65/66B | €240 | €614 | +€373 | +155% |
| Recurring financial charges | 65 | €240 | €614 | +€373 | +155% |
| Profit (loss) for the period before taxes | 9903 | €518 | €21,588 | +€21,070 | +4,070% |
| Income taxes | 67/77 | €250 | €4,879 | +€4,629 | +1,854% |
| Profit (loss) for the period | 9904 | €268 | €16,709 | +€16,441 | +6,135% |
| Profit (loss) for the period to be appropriated | 9905 | €268 | €16,709 | +€16,441 | +6,135% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.