MR&NI: 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&NI
Largest movements
- Cash -€43,681
down €43,681 (-33.6%), from €129,908 to €86,227
mainly Trade debts (-€29,724) and Net result for the year (-€29,217)
- Receivables within one year -€13,696
down €13,696 (-74.6%), from €18,348 to €4,652
of which Other amounts receivable: -€12,578
- Intangible fixed assets -€3,500
down €3,500 (-14.6%), from €23,917 to €20,417
- Tangible fixed assets +€3,413
up €3,413 (+31.5%), from €10,829 to €14,242
of which Furniture and vehicles: +€3,246
- Deferred charges and accrued income +€2,019
new in 2025: €2,019
- Trade debts -€29,724
down €29,724 (-58.1%), from €51,198 to €21,474
- Profit (loss) carried forward -€29,216
down €29,216 (-48.6%), from €60,164 to €30,948
- Tax, wage and social debts +€5,446
up €5,446 (+21.7%), from €25,139 to €30,585
of which Remuneration and social security: +€3,818
- Staff costs +€40,034
up €40,034 (+24.4%), from €164,254 to €204,288
- Other operating charges +€8,202
up €8,202 (+1,669%), from €491 to €8,693
- Financial income -€6,792
down €6,792 (-68.5%), from €9,917 to €3,125
of which Financial income: -€6,792
- Taxes -€2,332
no longer reported in 2025 (was €2,332)
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 | €187,382 | €133,007 | -€54,375 | -29.0% |
| Fixed assets | 21/28 | €35,346 | €35,259 | -€87 | -0.2% |
| Intangible fixed assets | 21 | €23,917 | €20,417 | -€3,500 | -14.6% |
| Tangible fixed assets | 22/27 | €10,829 | €14,242 | +€3,413 | +31.5% |
| Plant, machinery and equipment | 23 | €3,029 | €3,196 | +€167 | +5.5% |
| Furniture and vehicles | 24 | €7,800 | €11,046 | +€3,246 | +41.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €152,036 | €97,748 | -€54,288 | -35.7% |
| Stocks and contracts in progress | 3 | €3,780 | €4,850 | +€1,070 | +28.3% |
| Stocks | 30/36 | €3,780 | €4,850 | +€1,070 | +28.3% |
| Amounts receivable within one year | 40/41 | €18,348 | €4,652 | -€13,696 | -74.6% |
| Trade receivables | 40 | €1,118 | - | -€1,118 | |
| Other amounts receivable | 41 | €17,230 | €4,652 | -€12,578 | -73.0% |
| Cash at bank and in hand | 54/58 | €129,908 | €86,227 | -€43,681 | -33.6% |
| Deferred charges and accrued income | 490/1 | - | €2,019 | +€2,019 | |
| Total equity and liabilities | 10/49 | €187,382 | €133,007 | -€54,375 | -29.0% |
| Equity | 10/15 | €110,164 | €80,948 | -€29,216 | -26.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,164 | €30,948 | -€29,216 | -48.6% |
| Amounts payable | 17/49 | €77,217 | €52,059 | -€25,158 | -32.6% |
| Amounts payable within one year | 42/48 | €77,217 | €52,059 | -€25,158 | -32.6% |
| Trade debts | 44 | €51,198 | €21,474 | -€29,724 | -58.1% |
| Suppliers | 440/4 | €51,198 | €21,474 | -€29,724 | -58.1% |
| Taxes, remuneration and social security | 45 | €25,139 | €30,585 | +€5,446 | +21.7% |
| Taxes | 450/3 | €7,600 | €9,228 | +€1,628 | +21.4% |
| Remuneration and social security | 454/9 | €17,539 | €21,357 | +€3,818 | +21.8% |
| Other amounts payable | 47/48 | €880 | - | -€880 | |
| Remuneration, social security and pensions | 62 | €164,254 | €204,288 | +€40,034 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,584 | €8,934 | +€350 | +4.1% |
| Other operating charges | 640/8 | €491 | €8,693 | +€8,202 | +1,669% |
| Gross operating margin | 9900 | €189,996 | €189,798 | -€198 | -0.1% |
| Operating profit (loss) | 9901 | €16,666 | -€32,117 | -€48,783 | |
| Financial income | 75/76B | €9,917 | €3,125 | -€6,792 | -68.5% |
| Recurring financial income | 75 | €9,917 | €3,125 | -€6,792 | -68.5% |
| Non-recurring financial income | 76B | €9,917 | €3,125 | -€6,792 | -68.5% |
| Financial charges | 65/66B | €224 | €225 | +€1 | +0.6% |
| Recurring financial charges | 65 | €224 | €225 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €26,360 | -€29,217 | -€55,577 | |
| Income taxes | 67/77 | €2,332 | - | -€2,332 | |
| Profit (loss) for the period | 9904 | €24,027 | -€29,217 | -€53,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,027 | -€29,217 | -€53,244 |
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 20 October 2026 via checked.be.