MRC 91: 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.
MRC 91
Largest movements
- Stocks and contracts +€9,961
up €9,961 (+197.9%), from €5,035 to €14,996
- Cash -€2,734
down €2,734 (-42.5%), from €6,434 to €3,700
mainly Stocks and contracts (-€9,961) and Tax, wage and social debts (-€1,206)
- Intangible fixed assets -€1,222
down €1,222 (-24.4%), from €5,003 to €3,781
- Receivables within one year +€1,004
up €1,004 (+103.4%), from €971 to €1,975
of which Other amounts receivable: +€1,100
- Tangible fixed assets -€420
down €420 (-42.9%), from €980 to €560
- Profit (loss) carried forward +€8,242
up €8,242, from -€5,831 to €2,411
- Tax, wage and social debts -€1,206
no longer reported in 2025 (was €1,206)
of which Taxes: -€929
- Trade debts -€447
down €447 (-40.6%), from €1,100 to €653
- Purchases and services +€28,892
up €28,892 (+17.0%), from €170,444 to €199,336
- Turnover +€18,604
up €18,604 (+9.7%), from €191,316 to €209,920
- Staff costs -€16,619
down €16,619 (-95.7%), from €17,368 to €749
- Gross operating margin -€10,306
down €10,306 (-46.7%), from €22,091 to €11,785
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 | €21,424 | €28,013 | +€6,589 | +30.8% |
| Fixed assets | 21/28 | €8,984 | €7,341 | -€1,642 | -18.3% |
| Intangible fixed assets | 21 | €5,003 | €3,781 | -€1,222 | -24.4% |
| Tangible fixed assets | 22/27 | €980 | €560 | -€420 | -42.9% |
| Furniture and vehicles | 24 | €980 | €560 | -€420 | -42.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €12,440 | €20,671 | +€8,231 | +66.2% |
| Stocks and contracts in progress | 3 | €5,035 | €14,996 | +€9,961 | +197.9% |
| Stocks | 30/36 | €5,035 | €14,996 | +€9,961 | +197.9% |
| Amounts receivable within one year | 40/41 | €971 | €1,975 | +€1,004 | +103.4% |
| Trade receivables | 40 | €770 | €674 | -€96 | -12.4% |
| Other amounts receivable | 41 | €201 | €1,301 | +€1,100 | +546.4% |
| Cash at bank and in hand | 54/58 | €6,434 | €3,700 | -€2,734 | -42.5% |
| Total equity and liabilities | 10/49 | €21,424 | €28,013 | +€6,589 | +30.8% |
| Equity | 10/15 | €18,906 | €27,148 | +€8,242 | +43.6% |
| Contributions | 10/11 | €24,737 | €24,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,831 | €2,411 | +€8,242 | |
| Amounts payable | 17/49 | €2,517 | €865 | -€1,653 | -65.7% |
| Amounts payable within one year | 42/48 | €2,517 | €865 | -€1,653 | -65.7% |
| Trade debts | 44 | €1,100 | €653 | -€447 | -40.6% |
| Suppliers | 440/4 | €1,100 | €653 | -€447 | -40.6% |
| Taxes, remuneration and social security | 45 | €1,206 | - | -€1,206 | |
| Taxes | 450/3 | €929 | - | -€929 | |
| Remuneration and social security | 454/9 | €277 | - | -€277 | |
| Other amounts payable | 47/48 | €211 | €211 | = | 0.0% |
| Turnover | 70 | €191,316 | €209,920 | +€18,604 | +9.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €170,444 | €199,336 | +€28,892 | +17.0% |
| Remuneration, social security and pensions | 62 | €17,368 | €749 | -€16,619 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,713 | €1,642 | -€71 | -4.2% |
| Other operating charges | 640/8 | €981 | €749 | -€232 | -23.7% |
| Gross operating margin | 9900 | €22,091 | €11,785 | -€10,306 | -46.7% |
| Operating profit (loss) | 9901 | €2,029 | €8,645 | +€6,616 | +326.1% |
| Financial charges | 65/66B | €356 | €403 | +€47 | +13.1% |
| Recurring financial charges | 65 | €356 | €403 | +€47 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €1,673 | €8,242 | +€6,570 | +392.8% |
| Profit (loss) for the period | 9904 | €1,673 | €8,242 | +€6,570 | +392.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,673 | €8,242 | +€6,570 | +392.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.