MRAH LIMO: 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.
MRAH LIMO
Largest movements
- Deferred charges and accrued income -€14,399
no longer reported in 2025 (was €14,399)
- Receivables within one year +€10,257
up €10,257 (+24.7%), from €41,460 to €51,717
of which Trade receivables: +€12,776
- Tangible fixed assets -€10,244
down €10,244 (-22.1%), from €46,280 to €36,036
- Profit (loss) carried forward -€16,502
down €16,502, from €13,743 to -€2,759
- Debts after one year -€10,551
down €10,551 (-31.9%), from €33,030 to €22,480
- Reserves +€10,000
up €10,000 (+62.0%), from €16,142 to €26,142
of which Distributable reserves: +€10,000
- Trade debts +€4,698
up €4,698 (+57.9%), from €8,118 to €12,816
- Advances received -€3,000
no longer reported in 2025 (was €3,000)
- Purchases and services +€17,259
up €17,259 (+33.0%), from €52,259 to €69,518
- Gross operating margin -€8,855
down €8,855 (-16.0%), from €55,259 to €46,404
- Turnover +€5,815
up €5,815 (+5.7%), from €101,948 to €107,763
- Staff costs +€5,551
up €5,551 (+16.6%), from €33,422 to €38,973
- Depreciation +€5,304
up €5,304 (+107%), from €4,939 to €10,244
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 | €102,139 | €88,207 | -€13,932 | -13.6% |
| Fixed assets | 21/28 | €46,280 | €36,036 | -€10,244 | -22.1% |
| Tangible fixed assets | 22/27 | €46,280 | €36,036 | -€10,244 | -22.1% |
| Furniture and vehicles | 24 | €46,280 | €36,036 | -€10,244 | -22.1% |
| Current assets | 29/58 | €55,859 | €52,171 | -€3,689 | -6.6% |
| Amounts receivable within one year | 40/41 | €41,460 | €51,717 | +€10,257 | +24.7% |
| Trade receivables | 40 | - | €12,776 | +€12,776 | |
| Other amounts receivable | 41 | €41,460 | €38,941 | -€2,519 | -6.1% |
| Cash at bank and in hand | 54/58 | - | €454 | +€454 | |
| Deferred charges and accrued income | 490/1 | €14,399 | - | -€14,399 | |
| Total equity and liabilities | 10/49 | €102,139 | €88,207 | -€13,932 | -13.6% |
| Equity | 10/15 | €42,284 | €35,783 | -€6,502 | -15.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Share premium | 1100/10 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €16,142 | €26,142 | +€10,000 | +62.0% |
| Non-distributable reserves | 130/1 | €1,142 | €1,142 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,142 | €1,142 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Profit (loss) carried forward | 14 | €13,743 | -€2,759 | -€16,502 | |
| Amounts payable | 17/49 | €59,855 | €52,424 | -€7,431 | -12.4% |
| Amounts payable after more than one year | 17 | €33,030 | €22,480 | -€10,551 | -31.9% |
| Financial debts | 170/4 | €33,030 | €22,480 | -€10,551 | -31.9% |
| Amounts payable within one year | 42/48 | €26,824 | €29,944 | +€3,120 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €10,551 | €11,430 | +€879 | +8.3% |
| Trade debts | 44 | €8,118 | €12,816 | +€4,698 | +57.9% |
| Suppliers | 440/4 | €8,118 | €12,816 | +€4,698 | +57.9% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €5,155 | €5,698 | +€543 | +10.5% |
| Taxes | 450/3 | €5,155 | €5,698 | +€543 | +10.5% |
| Turnover | 70 | €101,948 | €107,763 | +€5,815 | +5.7% |
| Non-recurring operating income | 76A | - | €8,159 | +€8,159 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,259 | €69,518 | +€17,259 | +33.0% |
| Remuneration, social security and pensions | 62 | €33,422 | €38,973 | +€5,551 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,939 | €10,244 | +€5,304 | +107% |
| Other operating charges | 640/8 | €600 | €3,290 | +€2,689 | +448% |
| Non-recurring operating charges | 66A | €730 | €1,821 | +€1,091 | +149% |
| Gross operating margin | 9900 | €55,259 | €46,404 | -€8,855 | -16.0% |
| Operating profit (loss) | 9901 | €15,568 | -€7,923 | -€23,491 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +2,400% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +2,400% |
| Financial charges | 65/66B | €116 | €1,573 | +€1,457 | +1,254% |
| Recurring financial charges | 65 | €116 | €1,573 | +€1,457 | +1,254% |
| Profit (loss) for the period before taxes | 9903 | €15,451 | -€9,496 | -€24,947 | |
| Income taxes | 67/77 | €3,436 | - | -€3,436 | |
| Profit (loss) for the period | 9904 | €12,016 | -€9,496 | -€21,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,016 | -€9,496 | -€21,511 |
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 23 October 2026 via checked.be.