MRG: 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.
MRG
Largest movements
- Cash -€929
down €929 (-1.6%), from €58,352 to €57,423
mainly Net result for the year (-€1,603)
- Reserves -€1,603
down €1,603 (-18.6%), from €8,604 to €7,001
- Gross operating margin +€125
up €125 (+12.1%), from -€1,035 to -€910
- Other operating charges +€16
up €16 (+3.0%), from €528 to €544
- Financial charges +€15
up €15 (+11.1%), from €135 to €150
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 | €58,604 | €57,507 | -€1,097 | -1.9% |
| Current assets | 29/58 | €58,604 | €57,507 | -€1,097 | -1.9% |
| Amounts receivable within one year | 40/41 | €252 | €84 | -€168 | -66.7% |
| Other amounts receivable | 41 | €252 | €84 | -€168 | -66.7% |
| Cash at bank and in hand | 54/58 | €58,352 | €57,423 | -€929 | -1.6% |
| Total equity and liabilities | 10/49 | €58,604 | €57,507 | -€1,097 | -1.9% |
| Equity | 10/15 | €58,604 | €57,001 | -€1,603 | -2.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €8,604 | €7,001 | -€1,603 | -18.6% |
| Distributable reserves | 133 | €8,604 | €7,001 | -€1,603 | -18.6% |
| Amounts payable | 17/49 | - | €506 | +€506 | |
| Amounts payable within one year | 42/48 | - | €506 | +€506 | |
| Trade debts | 44 | - | €506 | +€506 | |
| Suppliers | 440/4 | - | €506 | +€506 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€1,035 | -€910 | +€125 | +12.1% |
| Operating profit (loss) | 9901 | -€1,563 | -€1,453 | +€109 | +7.0% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,698 | -€1,603 | +€94 | +5.6% |
| Profit (loss) for the period | 9904 | -€1,698 | -€1,603 | +€94 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,698 | -€1,603 | +€94 | +5.6% |
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 3 October 2026 via checked.be.