MNRTEK: what changed
Two fiscal 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.
MNRTEK
Largest movements
- Cash -€32,045
down €32,045 (-61.2%), from €52,335 to €20,290
mainly Net result for the year (-€20,607) and Tax, wage and social debts (-€8,508)
- Tangible fixed assets -€11,387
down €11,387 (-36.3%), from €31,367 to €19,980
of which Leasing and similar rights: -€9,912
- Receivables within one year +€7,707
up €7,707 (+39.7%), from €19,401 to €27,109
- Profit (loss) carried forward -€20,607
down €20,607 (-50.9%), from €40,452 to €19,846
- Tax, wage and social debts -€8,508
down €8,508 (-88.7%), from €9,587 to €1,079
of which Taxes: -€6,508
- Current portion of long-term debt -€7,635
no longer reported in 2025 (was €7,635)
- Trade debts +€1,312
up €1,312 (+35.5%), from €3,691 to €5,003
- Other debts -€1,041
no longer reported in 2025 (was €1,041)
- Gross operating margin -€78,675
down €78,675, from €73,590 to -€5,085
- Taxes -€12,298
down €12,298 (-97.4%), from €12,625 to €327
- Depreciation +€3,632
up €3,632 (+43.4%), from €8,376 to €12,007
- Staff costs -€1,202
no longer reported in 2025 (was €1,202)
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.
Cash bridge derived
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 | €103,858 | €67,379 | -€36,480 | -35.1% |
| Fixed assets | 21/28 | €31,367 | €19,980 | -€11,387 | -36.3% |
| Tangible fixed assets | 22/27 | €31,367 | €19,980 | -€11,387 | -36.3% |
| Furniture and vehicles | 24 | €4,137 | €2,661 | -€1,476 | -35.7% |
| Leasing and similar rights | 25 | €27,230 | €17,318 | -€9,912 | -36.4% |
| Current assets | 29/58 | €72,491 | €47,399 | -€25,092 | -34.6% |
| Amounts receivable within one year | 40/41 | €19,401 | €27,109 | +€7,707 | +39.7% |
| Other amounts receivable | 41 | €19,401 | €27,109 | +€7,707 | +39.7% |
| Cash at bank and in hand | 54/58 | €52,335 | €20,290 | -€32,045 | -61.2% |
| Deferred charges and accrued income | 490/1 | €755 | - | -€755 | |
| Total equity and liabilities | 10/49 | €103,858 | €67,379 | -€36,480 | -35.1% |
| Equity | 10/15 | €81,904 | €61,297 | -€20,607 | -25.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,451 | €40,451 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €40,351 | €40,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,452 | €19,846 | -€20,607 | -50.9% |
| Amounts payable | 17/49 | €21,954 | €6,081 | -€15,873 | -72.3% |
| Amounts payable within one year | 42/48 | €21,954 | €6,081 | -€15,873 | -72.3% |
| Current portion of amounts payable after more than one year | 42 | €7,635 | - | -€7,635 | |
| Trade debts | 44 | €3,691 | €5,003 | +€1,312 | +35.5% |
| Suppliers | 440/4 | €3,691 | €5,003 | +€1,312 | +35.5% |
| Taxes, remuneration and social security | 45 | €9,587 | €1,079 | -€8,508 | -88.7% |
| Taxes | 450/3 | €7,587 | €1,079 | -€6,508 | -85.8% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €1,041 | - | -€1,041 | |
| Remuneration, social security and pensions | 62 | €1,202 | - | -€1,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,376 | €12,007 | +€3,632 | +43.4% |
| Other operating charges | 640/8 | €2,443 | €1,996 | -€447 | -18.3% |
| Gross operating margin | 9900 | €73,590 | -€5,085 | -€78,675 | |
| Operating profit (loss) | 9901 | €61,569 | -€19,088 | -€80,657 | |
| Financial charges | 65/66B | €884 | €1,191 | +€307 | +34.7% |
| Recurring financial charges | 65 | €884 | €1,191 | +€307 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €60,685 | -€20,279 | -€80,965 | |
| Income taxes | 67/77 | €12,625 | €327 | -€12,298 | -97.4% |
| Profit (loss) for the period | 9904 | €48,060 | -€20,607 | -€68,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,060 | -€20,607 | -€68,667 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.