MRI Management: what changed
MRI Management
Largest movements
- Current investments +€642,460
up €642,460 (+21.8%), from €2.9m to €3.6m
- Cash -€124,683
down €124,683 (-32.3%), from €386,039 to €261,356
mainly Current investments (-€642,460) and Contributions, distributions and other (-€286,204)
- Receivables within one year -€58,404
down €58,404 (-82.8%), from €70,504 to €12,100
of which Other amounts receivable: -€56,877
- Other debts +€351,268
up €351,268 (+55.5%), from €632,813 to €984,081
- Reserves +€43,455
up €43,455 (+1.7%), from €2.6m to €2.6m
of which Distributable reserves: +€43,455
- Financial income +€276,787
up €276,787 (+174%), from €158,878 to €435,665
- Gross operating margin +€71,844
up €71,844 (+140%), from €51,413 to €123,257
- Financial charges +€53,574
up €53,574 (+46.2%), from €116,005 to €169,580
- Taxes +€30,811
up €30,811 (+189%), from €16,268 to €47,080
- Other operating charges +€2,643
up €2,643 (+160%), from €1,653 to €4,296
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,431,271 | €3,882,429 | +€451,159 | +13.1% |
| Fixed assets | 21/28 | €25,905 | €17,597 | -€8,308 | -32.1% |
| Tangible fixed assets | 22/27 | €25,905 | €17,597 | -€8,308 | -32.1% |
| Furniture and vehicles | 24 | €25,905 | €17,597 | -€8,308 | -32.1% |
| Current assets | 29/58 | €3,405,366 | €3,864,832 | +€459,466 | +13.5% |
| Amounts receivable within one year | 40/41 | €70,504 | €12,100 | -€58,404 | -82.8% |
| Trade receivables | 40 | €13,627 | €12,100 | -€1,527 | -11.2% |
| Other amounts receivable | 41 | €56,877 | €0 | -€56,877 | -100% |
| Current investments | 50/53 | €2,944,286 | €3,586,746 | +€642,460 | +21.8% |
| Cash at bank and in hand | 54/58 | €386,039 | €261,356 | -€124,683 | -32.3% |
| Deferred charges and accrued income | 490/1 | €4,537 | €4,630 | +€93 | +2.1% |
| Total equity and liabilities | 10/49 | €3,431,271 | €3,882,429 | +€451,159 | +13.1% |
| Equity | 10/15 | €2,575,454 | €2,618,909 | +€43,455 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,556,854 | €2,600,309 | +€43,455 | +1.7% |
| Non-distributable reserves | 130/1 | €663,720 | €663,720 | = | 0.0% |
| Own shares acquired | 1312 | €663,720 | €663,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,855,634 | €1,899,089 | +€43,455 | +2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €855,817 | €1,263,521 | +€407,703 | +47.6% |
| Amounts payable within one year | 42/48 | €833,297 | €1,218,692 | +€385,394 | +46.2% |
| Trade debts | 44 | €6,534 | €11,062 | +€4,528 | +69.3% |
| Suppliers | 440/4 | €6,534 | €11,062 | +€4,528 | +69.3% |
| Taxes, remuneration and social security | 45 | €193,950 | €223,549 | +€29,599 | +15.3% |
| Taxes | 450/3 | €193,950 | €223,549 | +€29,599 | +15.3% |
| Other amounts payable | 47/48 | €632,813 | €984,081 | +€351,268 | +55.5% |
| Accrued charges and deferred income | 492/3 | €22,520 | €44,829 | +€22,309 | +99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,308 | €8,308 | = | 0.0% |
| Other operating charges | 640/8 | €1,653 | €4,296 | +€2,643 | +160% |
| Gross operating margin | 9900 | €51,413 | €123,257 | +€71,844 | +140% |
| Operating profit (loss) | 9901 | €41,452 | €110,653 | +€69,201 | +167% |
| Financial income | 75/76B | €158,878 | €435,665 | +€276,787 | +174% |
| Recurring financial income | 75 | €158,878 | €435,665 | +€276,787 | +174% |
| Financial charges | 65/66B | €116,005 | €169,580 | +€53,574 | +46.2% |
| Recurring financial charges | 65 | €116,005 | €169,580 | +€53,574 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €84,325 | €376,739 | +€292,414 | +347% |
| Income taxes | 67/77 | €16,268 | €47,080 | +€30,811 | +189% |
| Profit (loss) for the period | 9904 | €68,057 | €329,659 | +€261,602 | +384% |
| Profit (loss) for the period to be appropriated | 9905 | €68,057 | €329,659 | +€261,602 | +384% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.