MRH MANAGEMENT: 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.
MRH MANAGEMENT
Largest movements
- Receivables within one year +€16,389
up €16,389 (+29.8%), from €55,069 to €71,458
of which Other amounts receivable: +€15,023
- Cash +€8,121
up €8,121 (+13.9%), from €58,580 to €66,701
mainly Net result for the year (+€30,504) and Depreciation (+€2,860)
- Profit (loss) carried forward +€21,282
up €21,282 (+20.6%), from €103,306 to €124,588
- Tax, wage and social debts +€2,413
up €2,413 (+16.2%), from €14,889 to €17,302
- Taxes +€8,080
new in 2025: €8,080
- Gross operating margin -€4,464
down €4,464 (-9.3%), from €48,135 to €43,671
- Other operating charges +€1,285
up €1,285 (+1097.3%), from €117 to €1,402
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 | €121,784 | €145,616 | +€23,832 | +19.6% |
| Fixed assets | 21/28 | €7,159 | €6,896 | -€263 | -3.7% |
| Tangible fixed assets | 22/27 | €7,159 | €6,896 | -€263 | -3.7% |
| Plant, machinery and equipment | 23 | €1,856 | €1,935 | +€79 | +4.3% |
| Furniture and vehicles | 24 | €4,408 | €2,989 | -€1,419 | -32.2% |
| Other tangible fixed assets | 26 | €895 | €1,972 | +€1,077 | +120.3% |
| Current assets | 29/58 | €114,625 | €138,720 | +€24,095 | +21.0% |
| Amounts receivable within one year | 40/41 | €55,069 | €71,458 | +€16,389 | +29.8% |
| Trade receivables | 40 | €7,136 | €8,502 | +€1,366 | +19.1% |
| Other amounts receivable | 41 | €47,933 | €62,957 | +€15,023 | +31.3% |
| Cash at bank and in hand | 54/58 | €58,580 | €66,701 | +€8,121 | +13.9% |
| Deferred charges and accrued income | 490/1 | €976 | €561 | -€416 | -42.6% |
| Total equity and liabilities | 10/49 | €121,784 | €145,616 | +€23,832 | +19.6% |
| Equity | 10/15 | €106,306 | €127,588 | +€21,282 | +20.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,306 | €124,588 | +€21,282 | +20.6% |
| Amounts payable | 17/49 | €15,478 | €18,028 | +€2,550 | +16.5% |
| Amounts payable within one year | 42/48 | €15,478 | €17,921 | +€2,444 | +15.8% |
| Trade debts | 44 | €589 | €619 | +€31 | +5.2% |
| Suppliers | 440/4 | €589 | €619 | +€31 | +5.2% |
| Taxes, remuneration and social security | 45 | €14,889 | €17,302 | +€2,413 | +16.2% |
| Taxes | 450/3 | €14,889 | €17,302 | +€2,413 | +16.2% |
| Accrued charges and deferred income | 492/3 | - | €107 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,423 | €2,860 | +€437 | +18.0% |
| Other operating charges | 640/8 | €117 | €1,402 | +€1,285 | +1097.3% |
| Gross operating margin | 9900 | €48,135 | €43,671 | -€4,464 | -9.3% |
| Operating profit (loss) | 9901 | €45,595 | €39,410 | -€6,186 | -13.6% |
| Financial income | 75/76B | €2,335 | €1,911 | -€424 | -18.2% |
| Recurring financial income | 75 | €2,335 | €1,911 | -€424 | -18.2% |
| Financial charges | 65/66B | €2,839 | €2,736 | -€103 | -3.6% |
| Recurring financial charges | 65 | €2,839 | €2,736 | -€103 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €45,091 | €38,584 | -€6,507 | -14.4% |
| Income taxes | 67/77 | - | €8,080 | +€8,080 | |
| Profit (loss) for the period | 9904 | €45,091 | €30,504 | -€14,587 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,091 | €30,504 | -€14,587 | -32.3% |
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 5 October 2026 via checked.be.