MRGV Services: 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.
MRGV Services
Largest movements
- Tangible fixed assets -€15,268
down €15,268 (-6.4%), from €239,214 to €223,946
of which Land and buildings: -€14,468
- Cash -€3,570
down €3,570 (-53.8%), from €6,642 to €3,072
mainly Debts after one year (-€17,961) and Tax, wage and social debts (-€3,402)
- Debts after one year -€17,961
down €17,961 (-13.8%), from €130,408 to €112,447
- Other debts +€6,618
up €6,618 (+47.1%), from €14,043 to €20,661
- Tax, wage and social debts -€3,402
down €3,402 (-53.0%), from €6,418 to €3,016
- Profit (loss) carried forward -€3,276
down €3,276 (-4.0%), from €82,599 to €79,323
- Gross operating margin -€8,171
down €8,171 (-32.8%), from €24,920 to €16,749
- Taxes -€2,063
down €2,063 (-100%), from €2,063 to €0
- Financial charges -€872
down €872 (-24.7%), from €3,533 to €2,661
- Other operating charges +€551
up €551 (+44.0%), from €1,253 to €1,805
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 | €257,089 | €239,052 | -€18,037 | -7.0% |
| Fixed assets | 21/28 | €239,214 | €223,946 | -€15,268 | -6.4% |
| Tangible fixed assets | 22/27 | €239,214 | €223,946 | -€15,268 | -6.4% |
| Land and buildings | 22 | €234,388 | €219,920 | -€14,468 | -6.2% |
| Plant, machinery and equipment | 23 | €4,826 | €4,026 | -€800 | -16.6% |
| Current assets | 29/58 | €17,875 | €15,106 | -€2,769 | -15.5% |
| Amounts receivable within one year | 40/41 | €10,733 | €11,484 | +€751 | +7.0% |
| Trade receivables | 40 | €10,733 | €11,479 | +€746 | +6.9% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €6,642 | €3,072 | -€3,570 | -53.8% |
| Deferred charges and accrued income | 490/1 | €500 | €551 | +€51 | +10.2% |
| Total equity and liabilities | 10/49 | €257,089 | €239,052 | -€18,037 | -7.0% |
| Equity | 10/15 | €84,099 | €80,823 | -€3,276 | -3.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,599 | €79,323 | -€3,276 | -4.0% |
| Amounts payable | 17/49 | €172,990 | €158,229 | -€14,761 | -8.5% |
| Amounts payable after more than one year | 17 | €130,408 | €112,447 | -€17,961 | -13.8% |
| Financial debts | 170/4 | €130,408 | €112,447 | -€17,961 | -13.8% |
| Amounts payable within one year | 42/48 | €40,429 | €44,997 | +€4,568 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €17,218 | €17,755 | +€537 | +3.1% |
| Trade debts | 44 | €2,750 | €3,565 | +€815 | +29.6% |
| Suppliers | 440/4 | €2,750 | €3,565 | +€815 | +29.6% |
| Taxes, remuneration and social security | 45 | €6,418 | €3,016 | -€3,402 | -53.0% |
| Taxes | 450/3 | €6,418 | €3,016 | -€3,402 | -53.0% |
| Other amounts payable | 47/48 | €14,043 | €20,661 | +€6,618 | +47.1% |
| Accrued charges and deferred income | 492/3 | €2,154 | €785 | -€1,368 | -63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,369 | €15,268 | -€100 | -0.7% |
| Other operating charges | 640/8 | €1,253 | €1,805 | +€551 | +44.0% |
| Gross operating margin | 9900 | €24,920 | €16,749 | -€8,171 | -32.8% |
| Operating profit (loss) | 9901 | €8,298 | -€324 | -€8,622 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €3,533 | €2,661 | -€872 | -24.7% |
| Recurring financial charges | 65 | €3,533 | €2,661 | -€872 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €4,765 | -€2,969 | -€7,734 | |
| Income taxes | 67/77 | €2,063 | €0 | -€2,063 | -100% |
| Profit (loss) for the period | 9904 | €2,703 | -€2,969 | -€5,672 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,703 | -€2,969 | -€5,672 |
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 15 October 2026 via checked.be.