MRK INVEST: what changed
MRK INVEST
Largest movements
- Financial fixed assets +€658,750
new in 2025: €658,750
- Cash -€24,168
down €24,168 (-66.8%), from €36,192 to €12,025
mainly Investment in fixed assets (net) (-€658,750)
- Receivables within one year -€23,169
down €23,169 (-99.5%), from €23,294 to €125
of which Trade receivables: -€20,620
- Tangible fixed assets -€13,643
down €13,643 (-62.8%), from €21,737 to €8,094
- Other debts +€314,919
up €314,919 (+1,052%), from €29,925 to €344,844
- Debts after one year +€214,838
up €214,838 (+1,111%), from €19,345 to €234,183
- Current portion of long-term debt +€43,093
up €43,093 (+600%), from €7,179 to €50,272
- Profit (loss) carried forward +€15,550
up €15,550 (+117%), from €13,311 to €28,861
- Tax, wage and social debts +€7,829
up €7,829 (+198%), from €3,959 to €11,788
of which Taxes: +€8,343
- Gross operating margin +€30,470
up €30,470 (+191%), from €15,925 to €46,395
- Financial charges +€10,567
up €10,567 (+1,558%), from €678 to €11,245
- Depreciation +€5,277
up €5,277 (+61.5%), from €8,573 to €13,850
- Taxes +€2,984
up €2,984 (+265%), from €1,125 to €4,109
- Other operating charges -€1,400
down €1,400 (-46.0%), from €3,041 to €1,641
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 | €81,430 | €678,994 | +€597,564 | +734% |
| Formation expenses | 20 | €207 | - | -€207 | |
| Fixed assets | 21/28 | €21,737 | €666,844 | +€645,107 | +2,968% |
| Tangible fixed assets | 22/27 | €21,737 | €8,094 | -€13,643 | -62.8% |
| Furniture and vehicles | 24 | €21,737 | €8,094 | -€13,643 | -62.8% |
| Financial fixed assets | 28 | - | €658,750 | +€658,750 | |
| Current assets | 29/58 | €59,486 | €12,150 | -€47,336 | -79.6% |
| Amounts receivable within one year | 40/41 | €23,294 | €125 | -€23,169 | -99.5% |
| Trade receivables | 40 | €20,620 | - | -€20,620 | |
| Other amounts receivable | 41 | €2,674 | €125 | -€2,548 | -95.3% |
| Cash at bank and in hand | 54/58 | €36,192 | €12,025 | -€24,168 | -66.8% |
| Total equity and liabilities | 10/49 | €81,430 | €678,994 | +€597,564 | +734% |
| Equity | 10/15 | €20,811 | €36,361 | +€15,550 | +74.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,311 | €28,861 | +€15,550 | +117% |
| Amounts payable | 17/49 | €60,619 | €642,633 | +€582,014 | +960% |
| Amounts payable after more than one year | 17 | €19,345 | €234,183 | +€214,838 | +1,111% |
| Financial debts | 170/4 | €19,345 | €234,183 | +€214,838 | +1,111% |
| Amounts payable within one year | 42/48 | €41,274 | €407,391 | +€366,118 | +887% |
| Current portion of amounts payable after more than one year | 42 | €7,179 | €50,272 | +€43,093 | +600% |
| Trade debts | 44 | €211 | €487 | +€276 | +131% |
| Suppliers | 440/4 | €211 | €487 | +€276 | +131% |
| Taxes, remuneration and social security | 45 | €3,959 | €11,788 | +€7,829 | +198% |
| Taxes | 450/3 | €3,445 | €11,788 | +€8,343 | +242% |
| Remuneration and social security | 454/9 | €514 | - | -€514 | |
| Other amounts payable | 47/48 | €29,925 | €344,844 | +€314,919 | +1,052% |
| Accrued charges and deferred income | 492/3 | - | €1,058 | +€1,058 | |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,573 | €13,850 | +€5,277 | +61.5% |
| Other operating charges | 640/8 | €3,041 | €1,641 | -€1,400 | -46.0% |
| Gross operating margin | 9900 | €15,925 | €46,395 | +€30,470 | +191% |
| Operating profit (loss) | 9901 | €4,311 | €30,904 | +€26,593 | +617% |
| Financial charges | 65/66B | €678 | €11,245 | +€10,567 | +1,558% |
| Recurring financial charges | 65 | €678 | €11,245 | +€10,567 | +1,558% |
| Profit (loss) for the period before taxes | 9903 | €3,633 | €19,659 | +€16,026 | +441% |
| Income taxes | 67/77 | €1,125 | €4,109 | +€2,984 | +265% |
| Profit (loss) for the period | 9904 | €2,508 | €15,550 | +€13,042 | +520% |
| Profit (loss) for the period to be appropriated | 9905 | €2,508 | €15,550 | +€13,042 | +520% |
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 5 November 2026 via checked.be.