MR-GROUP: 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.
What changed
MR-GROUP
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€840,045
2024 · €3.0m-€3.8m
Equity
€8.4m
2024 · €9.2m-€840,045
Cash
€1.0m
2024 · €2.0m-€950,515
Balance sheet total
€21.1m
2024 · €19.7m+€1.4m
Largest movements
Assets
- Stocks and contracts +€3.1m
up €3.1m (+42.2%), from €7.3m to €10.4m
of which Stocks: +€1.9m
- Receivables within one year -€1.0m
down €1.0m (-11.6%), from €8.9m to €7.8m
of which Other amounts receivable: -€687,904
- Cash -€950,515
down €950,515 (-47.7%), from €2.0m to €1.0m
mainly Stocks and contracts (-€3.1m) and Other debts (-€1.9m)
- Deferred charges and accrued income +€379,084
up €379,084 (+204.6%), from €185,311 to €564,395
Equity and liabilities
- Short-term financial debts +€3.0m
up €3.0m, from €0 to €3.0m
- Other debts -€1.9m
down €1.9m (-93.1%), from €2.0m to €140,377
- Trade debts +€1.1m
up €1.1m (+34.9%), from €3.2m to €4.3m
- Profit (loss) carried forward -€840,045
down €840,045 (-12.3%), from €6.9m to €6.0m
Income statement
- Turnover -€11.0m
down €11.0m (-20.6%), from €53.2m to €42.2m
- Goods and materials -€4.1m
down €4.1m (-12.3%), from €33.4m to €29.3m
of which Change in stocks: decrease (increase): -€2.6m
- Services and other goods -€1.1m
down €1.1m (-8.6%), from €13.1m to €12.0m
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.
Result 2024
€3.0m
Turnover
-€11.0m
Other operating income
+€20,695
Goods and materials
+€4.1m
Services and other goods
+€1.1m
Staff costs
+€224,571
Depreciation
-€20,204
Write-downs
+€262,448
Provisions
-€397,958
Other operating charges
+€35,417
Other operating items
+€1.3m
Financial income
-€26,161
Financial charges
+€15,779
Taxes
+€471,032
Result 2025
-€840,045
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.
From operations
-€3.6m
Investment
-€215,471
Financing
+€2.9m
Cash 2024
€2.0m
From operations (derived)
-€3.6m
Net result for the year
-€840,045
Depreciation
+€286,047
Stocks and contracts
-€3.1m
Receivables within one year
+€1.0m
Deferred charges and accrued income
-€379,084
Trade debts
+€1.1m
Tax, wage and social debts
+€71,535
Advances received
+€81,346
Other debts
-€1.9m
Accrued charges and deferred income
+€1,269
Investment (derived)
-€215,471
Investment in fixed assets (net)
-€215,471
Financing
+€2.9m
Debts after one year
-€50,004
Current portion of long-term debt
-€76,267
Short-term financial debts
+€3.0m
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,730,867 | €21,141,041 | +€1.4m | +7.1% |
| Fixed assets | 21/28 | €1,398,322 | €1,327,746 | -€70,576 | -5.0% |
| Intangible fixed assets | 21 | €84,926 | €173,887 | +€88,961 | +104.8% |
| Tangible fixed assets | 22/27 | €1,221,859 | €1,144,009 | -€77,849 | -6.4% |
| Land and buildings | 22 | €37,655 | €30,238 | -€7,418 | -19.7% |
| Plant, machinery and equipment | 23 | €837,133 | €734,496 | -€102,638 | -12.3% |
| Furniture and vehicles | 24 | €234,767 | €278,336 | +€43,569 | +18.6% |
| Other tangible fixed assets | 26 | €112,303 | €100,940 | -€11,363 | -10.1% |
| Financial fixed assets | 28 | €91,537 | €9,850 | -€81,687 | -89.2% |
| Affiliated companies | 280/1 | €91,537 | €100 | -€91,437 | -99.9% |
| Participating interests | 280 | €100 | €100 | = | 0.0% |
| Amounts receivable | 281 | €91,437 | €0 | -€91,437 | -100.0% |
| Other financial fixed assets | 284/8 | - | €9,750 | +€9,750 | |
| Amounts receivable and cash guarantees | 285/8 | - | €9,750 | +€9,750 | |
| Current assets | 29/58 | €18,332,545 | €19,813,294 | +€1.5m | +8.1% |
| Stocks and contracts in progress | 3 | €7,295,816 | €10,373,368 | +€3.1m | +42.2% |
| Stocks | 30/36 | €5,659,775 | €7,606,295 | +€1.9m | +34.4% |
| Goods purchased for resale | 34 | €5,307,568 | €5,904,674 | +€597,107 | +11.3% |
| Advance payments | 36 | €352,207 | €1,701,621 | +€1.3m | +383.1% |
| Contracts in progress | 37 | €1,636,041 | €2,767,073 | +€1.1m | +69.1% |
| Amounts receivable within one year | 40/41 | €8,857,346 | €7,831,973 | -€1.0m | -11.6% |
| Trade receivables | 40 | €6,326,239 | €5,988,770 | -€337,468 | -5.3% |
| Other amounts receivable | 41 | €2,531,107 | €1,843,202 | -€687,904 | -27.2% |
| Cash at bank and in hand | 54/58 | €1,994,073 | €1,043,558 | -€950,515 | -47.7% |
| Deferred charges and accrued income | 490/1 | €185,311 | €564,395 | +€379,084 | +204.6% |
| Total equity and liabilities | 10/49 | €19,730,867 | €21,141,041 | +€1.4m | +7.1% |
| Equity | 10/15 | €9,232,182 | €8,392,138 | -€840,045 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,356,859 | €2,356,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,354,999 | €2,354,999 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,856,723 | €6,016,679 | -€840,045 | -12.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €10,498,685 | €12,748,903 | +€2.3m | +21.4% |
| Amounts payable after more than one year | 17 | €187,475 | €137,471 | -€50,004 | -26.7% |
| Financial debts | 170/4 | €187,475 | €137,471 | -€50,004 | -26.7% |
| Credit institutions | 173 | €187,475 | €137,471 | -€50,004 | -26.7% |
| Amounts payable within one year | 42/48 | €10,311,210 | €12,610,163 | +€2.3m | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €126,271 | €50,004 | -€76,267 | -60.4% |
| Financial debts | 43 | €0 | €3,000,000 | +€3.0m | |
| Credit institutions | 430/8 | €0 | €3,000,000 | +€3.0m | |
| Trade debts | 44 | €3,173,048 | €4,280,010 | +€1.1m | +34.9% |
| Suppliers | 440/4 | €3,173,048 | €4,280,010 | +€1.1m | +34.9% |
| Advances received on contracts in progress | 46 | €4,576,059 | €4,657,405 | +€81,346 | +1.8% |
| Taxes, remuneration and social security | 45 | €410,831 | €482,366 | +€71,535 | +17.4% |
| Taxes | 450/3 | €34,441 | €34,207 | -€233 | -0.7% |
| Remuneration and social security | 454/9 | €376,391 | €448,159 | +€71,768 | +19.1% |
| Other amounts payable | 47/48 | €2,025,000 | €140,377 | -€1.9m | -93.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,269 | +€1,269 | |
| Operating income | 70/76A | €53,301,499 | €43,681,235 | -€9.6m | -18.0% |
| Turnover | 70 | €53,218,919 | €42,240,102 | -€11.0m | -20.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€205,306 | €1,131,032 | +€1.3m | |
| Other operating income | 74 | €283,488 | €304,183 | +€20,695 | +7.3% |
| Non-recurring operating income | 76A | €4,398 | €5,918 | +€1,520 | +34.6% |
| Operating charges | 60/66A | €49,756,252 | €44,421,480 | -€5.3m | -10.7% |
| Goods for resale, raw materials and consumables | 60 | €33,389,453 | €29,280,236 | -€4.1m | -12.3% |
| Purchases | 600/8 | €30,990,857 | €29,511,607 | -€1.5m | -4.8% |
| Change in stocks: decrease (increase) | 609 | €2,398,596 | -€231,371 | -€2.6m | |
| Services and other goods | 61 | €13,076,616 | €11,955,332 | -€1.1m | -8.6% |
| Remuneration, social security and pensions | 62 | €3,399,748 | €3,175,177 | -€224,571 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,843 | €286,047 | +€20,204 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€148,305 | -€410,753 | -€262,448 | -177.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€397,958 | €0 | +€397,958 | |
| Other operating charges | 640/8 | €170,855 | €135,437 | -€35,417 | -20.7% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Operating profit (loss) | 9901 | €3,545,248 | -€740,245 | -€4.3m | |
| Financial income | 75/76B | €63,499 | €37,338 | -€26,161 | -41.2% |
| Recurring financial income | 75 | €63,499 | €37,338 | -€26,161 | -41.2% |
| Income from current assets | 751 | €61,658 | €27,472 | -€34,186 | -55.4% |
| Other financial income | 752/9 | €1,841 | €9,866 | +€8,025 | +435.9% |
| Financial charges | 65/66B | €149,974 | €134,195 | -€15,779 | -10.5% |
| Recurring financial charges | 65 | €149,974 | €134,195 | -€15,779 | -10.5% |
| Debt charges | 650 | €100,481 | €91,121 | -€9,361 | -9.3% |
| Other financial charges | 652/9 | €49,493 | €43,074 | -€6,418 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €3,458,772 | -€837,102 | -€4.3m | |
| Income taxes | 67/77 | €473,975 | €2,943 | -€471,032 | -99.4% |
| Taxes | 670/3 | €473,975 | €2,943 | -€471,032 | -99.4% |
| Profit (loss) for the period | 9904 | €2,984,797 | -€840,045 | -€3.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,984,797 | -€840,045 | -€3.8m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.