MR-Q Engineering: 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-Q Engineering
Largest movements
- Cash -€26,540
down €26,540 (-26.7%), from €99,217 to €72,678
mainly Contributions, distributions and other (-€114,586) and Tax, wage and social debts (-€14,433)
- Tangible fixed assets +€6,498
new in 2025: €6,498
- Receivables within one year +€5,625
up €5,625 (+26.8%), from €20,966 to €26,591
of which Other amounts receivable: +€6,011
- Reserves -€94,763
down €94,763 (-100.0%), from €94,763 to €0
- Other debts +€84,143
up €84,143 (+4330.7%), from €1,943 to €86,086
- Tax, wage and social debts -€14,433
down €14,433 (-78.6%), from €18,370 to €3,937
- Trade debts +€6,881
up €6,881 (+6398.9%), from €108 to €6,989
- Accrued charges and deferred income +€3,755
new in 2025: €3,755
- Gross operating margin +€10,330
up €10,330 (+51.4%), from €20,115 to €30,445
- Taxes +€2,145
up €2,145 (+49.4%), from €4,344 to €6,489
- Depreciation +€717
new in 2025: €717
- Financial charges -€434
down €434 (-16.7%), from €2,596 to €2,162
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 | €120,183 | €105,766 | -€14,417 | -12.0% |
| Fixed assets | 21/28 | - | €6,498 | +€6,498 | |
| Tangible fixed assets | 22/27 | - | €6,498 | +€6,498 | |
| Furniture and vehicles | 24 | - | €6,498 | +€6,498 | |
| Current assets | 29/58 | €120,183 | €99,269 | -€20,915 | -17.4% |
| Amounts receivable within one year | 40/41 | €20,966 | €26,591 | +€5,625 | +26.8% |
| Trade receivables | 40 | €20,966 | €20,581 | -€386 | -1.8% |
| Other amounts receivable | 41 | - | €6,011 | +€6,011 | |
| Cash at bank and in hand | 54/58 | €99,217 | €72,678 | -€26,540 | -26.7% |
| Total equity and liabilities | 10/49 | €120,183 | €105,766 | -€14,417 | -12.0% |
| Equity | 10/15 | €99,763 | €5,000 | -€94,763 | -95.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €94,763 | €0 | -€94,763 | -100.0% |
| Distributable reserves | 133 | €94,763 | €0 | -€94,763 | -100.0% |
| Amounts payable | 17/49 | €20,420 | €100,766 | +€80,346 | +393.5% |
| Amounts payable within one year | 42/48 | €20,420 | €97,011 | +€76,591 | +375.1% |
| Trade debts | 44 | €108 | €6,989 | +€6,881 | +6398.9% |
| Suppliers | 440/4 | €108 | €6,989 | +€6,881 | +6398.9% |
| Taxes, remuneration and social security | 45 | €18,370 | €3,937 | -€14,433 | -78.6% |
| Taxes | 450/3 | €18,370 | €3,937 | -€14,433 | -78.6% |
| Other amounts payable | 47/48 | €1,943 | €86,086 | +€84,143 | +4330.7% |
| Accrued charges and deferred income | 492/3 | - | €3,755 | +€3,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €717 | +€717 | |
| Other operating charges | 640/8 | €1,049 | €1,255 | +€206 | +19.7% |
| Gross operating margin | 9900 | €20,115 | €30,445 | +€10,330 | +51.4% |
| Operating profit (loss) | 9901 | €19,066 | €28,473 | +€9,407 | +49.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,596 | €2,162 | -€434 | -16.7% |
| Recurring financial charges | 65 | €2,596 | €2,162 | -€434 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €16,471 | €26,312 | +€9,841 | +59.7% |
| Income taxes | 67/77 | €4,344 | €6,489 | +€2,145 | +49.4% |
| Profit (loss) for the period | 9904 | €12,127 | €19,822 | +€7,696 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,127 | €19,822 | +€7,696 | +63.5% |
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 12 October 2026 via checked.be.