MRK: 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.
MRK
Largest movements
- Cash +€18,032
up €18,032 (+285%), from €6,327 to €24,359
mainly Net result for the year (+€15,888) and Depreciation (+€8,663)
- Tangible fixed assets -€8,663
down €8,663 (-33.9%), from €25,543 to €16,879
- Receivables within one year -€7,810
down €7,810 (-34.1%), from €22,891 to €15,081
of which Trade receivables: -€20,004
- Reserves +€15,888
up €15,888 (+73.4%), from €21,649 to €37,537
- Debts after one year -€8,328
down €8,328 (-48.9%), from €17,018 to €8,689
- Tax, wage and social debts -€5,535
down €5,535 (-100%), from €5,535 to €0
- Depreciation +€5,414
up €5,414 (+167%), from €3,249 to €8,663
- Gross operating margin +€2,834
up €2,834 (+9.2%), from €30,741 to €33,575
- Other operating charges +€1,937
up €1,937 (+977%), from €198 to €2,136
- Financial charges +€972
up €972 (+888%), from €110 to €1,082
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 | €56,746 | €58,480 | +€1,734 | +3.1% |
| Fixed assets | 21/28 | €25,543 | €16,879 | -€8,663 | -33.9% |
| Tangible fixed assets | 22/27 | €25,543 | €16,879 | -€8,663 | -33.9% |
| Furniture and vehicles | 24 | €25,543 | €16,879 | -€8,663 | -33.9% |
| Current assets | 29/58 | €31,204 | €41,601 | +€10,397 | +33.3% |
| Amounts receivable within one year | 40/41 | €22,891 | €15,081 | -€7,810 | -34.1% |
| Trade receivables | 40 | €22,891 | €2,887 | -€20,004 | -87.4% |
| Other amounts receivable | 41 | - | €12,193 | +€12,193 | |
| Cash at bank and in hand | 54/58 | €6,327 | €24,359 | +€18,032 | +285% |
| Deferred charges and accrued income | 490/1 | €1,986 | €2,161 | +€175 | +8.8% |
| Total equity and liabilities | 10/49 | €56,746 | €58,480 | +€1,734 | +3.1% |
| Equity | 10/15 | €24,649 | €40,537 | +€15,888 | +64.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,649 | €37,537 | +€15,888 | +73.4% |
| Distributable reserves | 133 | €21,649 | €37,537 | +€15,888 | +73.4% |
| Amounts payable | 17/49 | €32,097 | €17,943 | -€14,154 | -44.1% |
| Amounts payable after more than one year | 17 | €17,018 | €8,689 | -€8,328 | -48.9% |
| Financial debts | 170/4 | €17,018 | €8,689 | -€8,328 | -48.9% |
| Amounts payable within one year | 42/48 | €14,881 | €9,254 | -€5,628 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €7,982 | €8,328 | +€346 | +4.3% |
| Trade debts | 44 | - | €61 | +€61 | |
| Suppliers | 440/4 | - | €61 | +€61 | |
| Taxes, remuneration and social security | 45 | €5,535 | €0 | -€5,535 | -100% |
| Taxes | 450/3 | €5,535 | €0 | -€5,535 | -100% |
| Other amounts payable | 47/48 | €1,364 | €864 | -€500 | -36.7% |
| Accrued charges and deferred income | 492/3 | €198 | €0 | -€198 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,249 | €8,663 | +€5,414 | +167% |
| Other operating charges | 640/8 | €198 | €2,136 | +€1,937 | +977% |
| Gross operating margin | 9900 | €30,741 | €33,575 | +€2,834 | +9.2% |
| Operating profit (loss) | 9901 | €27,294 | €22,776 | -€4,517 | -16.6% |
| Financial charges | 65/66B | €110 | €1,082 | +€972 | +888% |
| Recurring financial charges | 65 | €110 | €1,082 | +€972 | +888% |
| Profit (loss) for the period before taxes | 9903 | €27,184 | €21,694 | -€5,490 | -20.2% |
| Income taxes | 67/77 | €5,535 | €5,807 | +€272 | +4.9% |
| Profit (loss) for the period | 9904 | €21,649 | €15,888 | -€5,762 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,649 | €15,888 | -€5,762 | -26.6% |
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 14 October 2026 via checked.be.