MR MANAGEMENT: 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.
MR MANAGEMENT
Largest movements
- Cash +€59,147
up €59,147 (+65.9%), from €89,732 to €148,879
mainly Net result for the year (+€60,119) and Other debts (+€31,121)
- Reserves +€60,119
up €60,119 (+41.6%), from €144,379 to €204,498
- Other debts +€31,121
up €31,121 (+33.2%), from €93,609 to €124,730
- Debts after one year -€22,641
down €22,641 (-34.9%), from €64,898 to €42,257
- Tax, wage and social debts -€7,959
down €7,959 (-67.1%), from €11,860 to €3,901
- Gross operating margin +€35,523
up €35,523 (+37.7%), from €94,136 to €129,659
- Taxes +€12,785
up €12,785 (+88.1%), from €14,516 to €27,301
- Financial income +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Financial charges -€2,578
down €2,578 (-6.3%), from €40,907 to €38,329
- Depreciation -€2,245
down €2,245 (-11.3%), from €19,804 to €17,559
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 | €383,313 | €443,513 | +€60,200 | +15.7% |
| Fixed assets | 21/28 | €250,997 | €251,050 | +€53 | 0.0% |
| Tangible fixed assets | 22/27 | €43,997 | €44,050 | +€53 | +0.1% |
| Furniture and vehicles | 24 | €25,084 | €24,043 | -€1,041 | -4.1% |
| Other tangible fixed assets | 26 | €18,912 | €20,007 | +€1,094 | +5.8% |
| Financial fixed assets | 28 | €207,000 | €207,000 | = | 0.0% |
| Current assets | 29/58 | €132,316 | €192,463 | +€60,147 | +45.5% |
| Amounts receivable within one year | 40/41 | €42,584 | €43,584 | +€1,000 | +2.3% |
| Trade receivables | 40 | €11,000 | €12,000 | +€1,000 | +9.1% |
| Other amounts receivable | 41 | €31,584 | €31,584 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,732 | €148,879 | +€59,147 | +65.9% |
| Total equity and liabilities | 10/49 | €383,313 | €443,513 | +€60,200 | +15.7% |
| Equity | 10/15 | €189,379 | €249,498 | +€60,119 | +31.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €144,379 | €204,498 | +€60,119 | +41.6% |
| Distributable reserves | 133 | €144,379 | €204,498 | +€60,119 | +41.6% |
| Amounts payable | 17/49 | €193,934 | €194,015 | +€81 | 0.0% |
| Amounts payable after more than one year | 17 | €64,898 | €42,257 | -€22,641 | -34.9% |
| Financial debts | 170/4 | €64,898 | €42,257 | -€22,641 | -34.9% |
| Amounts payable within one year | 42/48 | €129,036 | €151,758 | +€22,722 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €22,155 | €22,641 | +€485 | +2.2% |
| Trade debts | 44 | €1,412 | €486 | -€926 | -65.6% |
| Suppliers | 440/4 | €1,412 | €486 | -€926 | -65.6% |
| Taxes, remuneration and social security | 45 | €11,860 | €3,901 | -€7,959 | -67.1% |
| Taxes | 450/3 | €11,860 | €3,901 | -€7,959 | -67.1% |
| Other amounts payable | 47/48 | €93,609 | €124,730 | +€31,121 | +33.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,804 | €17,559 | -€2,245 | -11.3% |
| Other operating charges | 640/8 | €910 | €1,351 | +€441 | +48.4% |
| Gross operating margin | 9900 | €94,136 | €129,659 | +€35,523 | +37.7% |
| Operating profit (loss) | 9901 | €73,422 | €110,749 | +€37,327 | +50.8% |
| Financial income | 75/76B | €10,000 | €15,000 | +€5,000 | +50.0% |
| Recurring financial income | 75 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Financial charges | 65/66B | €40,907 | €38,329 | -€2,578 | -6.3% |
| Recurring financial charges | 65 | €40,907 | €38,329 | -€2,578 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €42,515 | €87,420 | +€44,905 | +106% |
| Income taxes | 67/77 | €14,516 | €27,301 | +€12,785 | +88.1% |
| Profit (loss) for the period | 9904 | €27,999 | €60,119 | +€32,120 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €27,999 | €60,119 | +€32,120 | +115% |
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 13 October 2026 via checked.be.