MRH GROUP: 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.
MRH GROUP
Largest movements
- Receivables within one year -€6,238
no longer reported in 2025 (was €6,238)
of which Other amounts receivable: -€5,299
- Stocks and contracts -€4,471
down €4,471 (-100.0%), from €4,471 to €0
- Deferred charges and accrued income -€3,640
no longer reported in 2025 (was €3,640)
- Tangible fixed assets -€3,121
no longer reported in 2025 (was €3,121)
- Cash -€1,143
down €1,143 (-97.4%), from €1,174 to €30
- Profit (loss) carried forward -€8,624
down €8,624, from €928 to -€7,696
- Trade debts -€7,386
down €7,386 (-89.7%), from €8,233 to €846
- Other debts -€1,665
down €1,665 (-72.7%), from €2,289 to €624
- Tax, wage and social debts -€939
no longer reported in 2025 (was €939)
- Gross operating margin -€7,205
down €7,205, from €5,997 to -€1,208
- Write-downs +€4,966
new in 2025: €4,966
- Depreciation -€978
no longer reported in 2025 (was €978)
- Taxes -€499
no longer reported in 2025 (was €499)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,645 | €30 | -€18,614 | -99.8% |
| Fixed assets | 21/28 | €3,121 | - | -€3,121 | |
| Tangible fixed assets | 22/27 | €3,121 | - | -€3,121 | |
| Furniture and vehicles | 24 | €3,121 | - | -€3,121 | |
| Current assets | 29/58 | €15,523 | €30 | -€15,493 | -99.8% |
| Stocks and contracts in progress | 3 | €4,471 | €0 | -€4,471 | -100.0% |
| Stocks | 30/36 | €4,471 | €0 | -€4,471 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,238 | - | -€6,238 | |
| Trade receivables | 40 | €939 | - | -€939 | |
| Other amounts receivable | 41 | €5,299 | - | -€5,299 | |
| Cash at bank and in hand | 54/58 | €1,174 | €30 | -€1,143 | -97.4% |
| Deferred charges and accrued income | 490/1 | €3,640 | - | -€3,640 | |
| Total equity and liabilities | 10/49 | €18,645 | €30 | -€18,614 | -99.8% |
| Equity | 10/15 | €7,183 | -€1,441 | -€8,624 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55 | €55 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55 | €55 | = | 0.0% |
| Reserves not available under the articles | 1311 | €55 | €55 | = | 0.0% |
| Profit (loss) carried forward | 14 | €928 | -€7,696 | -€8,624 | |
| Amounts payable | 17/49 | €11,461 | €1,471 | -€9,990 | -87.2% |
| Amounts payable within one year | 42/48 | €11,461 | €1,471 | -€9,990 | -87.2% |
| Trade debts | 44 | €8,233 | €846 | -€7,386 | -89.7% |
| Suppliers | 440/4 | €8,233 | €846 | -€7,386 | -89.7% |
| Taxes, remuneration and social security | 45 | €939 | - | -€939 | |
| Taxes | 450/3 | €939 | - | -€939 | |
| Other amounts payable | 47/48 | €2,289 | €624 | -€1,665 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €978 | - | -€978 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,966 | +€4,966 | |
| Non-recurring operating charges | 66A | - | €1,542 | +€1,542 | |
| Gross operating margin | 9900 | €5,997 | -€1,208 | -€7,205 | |
| Operating profit (loss) | 9901 | €5,020 | -€7,716 | -€12,736 | |
| Financial charges | 65/66B | €307 | €322 | +€15 | +5.0% |
| Recurring financial charges | 65 | €307 | €322 | +€15 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €4,713 | -€8,038 | -€12,751 | |
| Income taxes | 67/77 | €499 | - | -€499 | |
| Profit (loss) for the period | 9904 | €4,213 | -€8,038 | -€12,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,213 | -€8,038 | -€12,252 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.