MRCe: 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.
MRCe
Largest movements
- Receivables within one year +€12,549
up €12,549 (+30.8%), from €40,755 to €53,304
of which Trade receivables: +€25,772
- Cash -€10,561
no longer reported in 2025 (was €10,561)
mainly Receivables within one year (-€12,549) and Trade debts (-€6,929)
- Tangible fixed assets -€6,270
down €6,270 (-72.4%), from €8,660 to €2,390
of which Furniture and vehicles: -€6,257
- Deferred charges and accrued income +€1,021
up €1,021 (+74.2%), from €1,376 to €2,397
- Trade debts -€6,929
down €6,929 (-22.8%), from €30,442 to €23,514
- Short-term financial debts +€2,898
new in 2025: €2,898
- Profit (loss) carried forward +€1,744
up €1,744 (+4.9%), from -€35,323 to -€33,579
- Tax, wage and social debts -€1,175
down €1,175 (-73.4%), from €1,602 to €427
- Gross operating margin -€41,811
down €41,811 (-89.5%), from €46,721 to €4,910
- Financial income +€4,037
up €4,037 (+287%), from €1,406 to €5,443
of which Non-recurring financial income: +€4,032
- Financial charges -€3,896
down €3,896 (-75.0%), from €5,191 to €1,295
- Other operating charges -€1,649
down €1,649 (-64.9%), from €2,542 to €893
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 | €63,718 | €60,608 | -€3,110 | -4.9% |
| Fixed assets | 21/28 | €8,660 | €2,390 | -€6,270 | -72.4% |
| Tangible fixed assets | 22/27 | €8,660 | €2,390 | -€6,270 | -72.4% |
| Plant, machinery and equipment | 23 | €13 | - | -€13 | |
| Furniture and vehicles | 24 | €8,647 | €2,390 | -€6,257 | -72.4% |
| Current assets | 29/58 | €55,058 | €58,218 | +€3,160 | +5.7% |
| Stocks and contracts in progress | 3 | €2,367 | €2,517 | +€151 | +6.4% |
| Stocks | 30/36 | €2,367 | €2,517 | +€151 | +6.4% |
| Amounts receivable within one year | 40/41 | €40,755 | €53,304 | +€12,549 | +30.8% |
| Trade receivables | 40 | €740 | €26,512 | +€25,772 | +3,482% |
| Other amounts receivable | 41 | €40,014 | €26,791 | -€13,223 | -33.0% |
| Cash at bank and in hand | 54/58 | €10,561 | - | -€10,561 | |
| Deferred charges and accrued income | 490/1 | €1,376 | €2,397 | +€1,021 | +74.2% |
| Total equity and liabilities | 10/49 | €63,718 | €60,608 | -€3,110 | -4.9% |
| Equity | 10/15 | €31,402 | €33,146 | +€1,744 | +5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €54,325 | €54,325 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,465 | €52,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,323 | -€33,579 | +€1,744 | +4.9% |
| Amounts payable | 17/49 | €32,316 | €27,462 | -€4,854 | -15.0% |
| Amounts payable within one year | 42/48 | €32,044 | €26,838 | -€5,206 | -16.2% |
| Financial debts | 43 | - | €2,898 | +€2,898 | |
| Credit institutions | 430/8 | - | €2,898 | +€2,898 | |
| Trade debts | 44 | €30,442 | €23,514 | -€6,929 | -22.8% |
| Suppliers | 440/4 | €30,442 | €23,514 | -€6,929 | -22.8% |
| Taxes, remuneration and social security | 45 | €1,602 | €427 | -€1,175 | -73.4% |
| Taxes | 450/3 | €1,602 | €427 | -€1,175 | -73.4% |
| Accrued charges and deferred income | 492/3 | €272 | €624 | +€352 | +130% |
| Non-recurring operating income | 76A | €7,273 | - | -€7,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,680 | €6,270 | -€410 | -6.1% |
| Other operating charges | 640/8 | €2,542 | €893 | -€1,649 | -64.9% |
| Non-recurring operating charges | 66A | €4,502 | - | -€4,502 | |
| Gross operating margin | 9900 | €46,721 | €4,910 | -€41,811 | -89.5% |
| Operating profit (loss) | 9901 | €32,997 | -€2,252 | -€35,250 | |
| Financial income | 75/76B | €1,406 | €5,443 | +€4,037 | +287% |
| Recurring financial income | 75 | €1,406 | €1,411 | +€5 | +0.4% |
| Non-recurring financial income | 76B | - | €4,032 | +€4,032 | |
| Financial charges | 65/66B | €5,191 | €1,295 | -€3,896 | -75.0% |
| Recurring financial charges | 65 | €5,191 | €1,295 | -€3,896 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €29,212 | €1,896 | -€27,317 | -93.5% |
| Income taxes | 67/77 | €163 | €152 | -€12 | -7.1% |
| Profit (loss) for the period | 9904 | €29,049 | €1,744 | -€27,305 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,049 | €1,744 | -€27,305 | -94.0% |
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 19 October 2026 via checked.be.