MRC20: 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.
MRC20
Largest movements
- Receivables after one year +€73,794
up €73,794 (+31.4%), from €234,658 to €308,452
- Cash +€7,381
up €7,381 (+2,121%), from €348 to €7,728
mainly Net result for the year (+€49,519) and Tax, wage and social debts (+€21,110)
- Stocks and contracts -€5,094
down €5,094 (-33.5%), from €15,217 to €10,123
- Reserves +€49,519
up €49,519 (+25.3%), from €195,766 to €245,285
of which Distributable reserves: +€51,379
- Tax, wage and social debts +€21,110
up €21,110 (+34.0%), from €62,074 to €83,183
- Trade debts +€4,183
up €4,183 (+72.5%), from €5,769 to €9,952
- Gross operating margin -€7,685
down €7,685 (-8.9%), from €86,188 to €78,503
- Other operating charges +€2,510
up €2,510 (+171%), from €1,469 to €3,979
- Taxes -€1,903
down €1,903 (-8.6%), from €22,035 to €20,132
- Depreciation -€996
down €996 (-20.1%), from €4,945 to €3,949
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,208 | €357,020 | +€74,812 | +26.5% |
| Fixed assets | 21/28 | €3,619 | €4,267 | +€648 | +17.9% |
| Intangible fixed assets | 21 | €100 | - | -€100 | |
| Tangible fixed assets | 22/27 | €3,519 | €4,267 | +€748 | +21.2% |
| Plant, machinery and equipment | 23 | - | €3,812 | +€3,812 | |
| Furniture and vehicles | 24 | €3,519 | €455 | -€3,064 | -87.1% |
| Current assets | 29/58 | €278,589 | €352,753 | +€74,164 | +26.6% |
| Amounts receivable after more than one year | 29 | €234,658 | €308,452 | +€73,794 | +31.4% |
| Other amounts receivable | 291 | €234,658 | €308,452 | +€73,794 | +31.4% |
| Stocks and contracts in progress | 3 | €15,217 | €10,123 | -€5,094 | -33.5% |
| Stocks | 30/36 | €15,217 | €10,123 | -€5,094 | -33.5% |
| Amounts receivable within one year | 40/41 | €28,366 | €26,449 | -€1,917 | -6.8% |
| Trade receivables | 40 | €28,254 | €17,199 | -€11,055 | -39.1% |
| Other amounts receivable | 41 | €112 | €9,250 | +€9,138 | +8,132% |
| Cash at bank and in hand | 54/58 | €348 | €7,728 | +€7,381 | +2,121% |
| Total equity and liabilities | 10/49 | €282,208 | €357,020 | +€74,812 | +26.5% |
| Equity | 10/15 | €214,366 | €263,885 | +€49,519 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,766 | €245,285 | +€49,519 | +25.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €193,906 | €245,285 | +€51,379 | +26.5% |
| Amounts payable | 17/49 | €67,843 | €93,135 | +€25,292 | +37.3% |
| Amounts payable within one year | 42/48 | €67,843 | €93,135 | +€25,292 | +37.3% |
| Trade debts | 44 | €5,769 | €9,952 | +€4,183 | +72.5% |
| Suppliers | 440/4 | €5,769 | €9,952 | +€4,183 | +72.5% |
| Taxes, remuneration and social security | 45 | €62,074 | €83,183 | +€21,110 | +34.0% |
| Taxes | 450/3 | €62,074 | €83,183 | +€21,110 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,945 | €3,949 | -€996 | -20.1% |
| Other operating charges | 640/8 | €1,469 | €3,979 | +€2,510 | +171% |
| Gross operating margin | 9900 | €86,188 | €78,503 | -€7,685 | -8.9% |
| Operating profit (loss) | 9901 | €79,774 | €70,574 | -€9,199 | -11.5% |
| Financial income | 75/76B | €2 | €27 | +€25 | +1,161% |
| Recurring financial income | 75 | €2 | €27 | +€25 | +1,161% |
| Financial charges | 65/66B | €784 | €950 | +€166 | +21.2% |
| Recurring financial charges | 65 | €784 | €950 | +€166 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €78,992 | €69,651 | -€9,341 | -11.8% |
| Income taxes | 67/77 | €22,035 | €20,132 | -€1,903 | -8.6% |
| Profit (loss) for the period | 9904 | €56,957 | €49,519 | -€7,438 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,957 | €49,519 | -€7,438 | -13.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.