MRLR: 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.
MRLR
Largest movements
- Receivables after one year +€60,000
new in 2025: €60,000
- Cash -€39,479
down €39,479 (-30.9%), from €127,835 to €88,356
mainly Receivables after one year (-€60,000) and Receivables within one year (-€27,906)
- Receivables within one year +€27,906
up €27,906 (+389%), from €7,166 to €35,072
of which Other amounts receivable: +€23,025
- Tangible fixed assets -€10,856
down €10,856 (-7.1%), from €153,809 to €142,953
of which Furniture and vehicles: -€5,462
- Reserves +€35,461
up €35,461 (+27.7%), from €127,964 to €163,425
- Debts after one year -€10,575
down €10,575 (-8.8%), from €120,514 to €109,939
- Tax, wage and social debts +€8,992
up €8,992 (+40.0%), from €22,500 to €31,492
- Other debts +€4,765
up €4,765 (+325%), from €1,468 to €6,232
- Gross operating margin -€10,681
down €10,681 (-12.7%), from €84,354 to €73,673
- Other operating charges +€8,115
up €8,115 (+6,877%), from €118 to €8,233
- Financial income +€1,742
up €1,742 (+592%), from €294 to €2,036
- Taxes -€992
down €992 (-6.1%), from €16,169 to €15,177
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 | €288,810 | €326,757 | +€37,947 | +13.1% |
| Fixed assets | 21/28 | €153,809 | €142,953 | -€10,856 | -7.1% |
| Tangible fixed assets | 22/27 | €153,809 | €142,953 | -€10,856 | -7.1% |
| Land and buildings | 22 | €138,937 | €133,667 | -€5,270 | -3.8% |
| Plant, machinery and equipment | 23 | €1,117 | €993 | -€124 | -11.1% |
| Furniture and vehicles | 24 | €13,755 | €8,294 | -€5,462 | -39.7% |
| Current assets | 29/58 | €135,001 | €183,804 | +€48,803 | +36.2% |
| Amounts receivable after more than one year | 29 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €7,166 | €35,072 | +€27,906 | +389% |
| Trade receivables | 40 | €5,741 | €10,622 | +€4,881 | +85.0% |
| Other amounts receivable | 41 | €1,425 | €24,450 | +€23,025 | +1,616% |
| Cash at bank and in hand | 54/58 | €127,835 | €88,356 | -€39,479 | -30.9% |
| Deferred charges and accrued income | 490/1 | - | €375 | +€375 | |
| Total equity and liabilities | 10/49 | €288,810 | €326,757 | +€37,947 | +13.1% |
| Equity | 10/15 | €129,964 | €165,425 | +€35,461 | +27.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €127,964 | €163,425 | +€35,461 | +27.7% |
| Distributable reserves | 133 | €127,964 | €163,425 | +€35,461 | +27.7% |
| Amounts payable | 17/49 | €158,846 | €161,332 | +€2,486 | +1.6% |
| Amounts payable after more than one year | 17 | €120,514 | €109,939 | -€10,575 | -8.8% |
| Financial debts | 170/4 | €120,514 | €109,939 | -€10,575 | -8.8% |
| Amounts payable within one year | 42/48 | €38,332 | €51,393 | +€13,061 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €11,803 | €11,116 | -€687 | -5.8% |
| Trade debts | 44 | €2,562 | €2,553 | -€9 | -0.3% |
| Suppliers | 440/4 | €2,562 | €2,553 | -€9 | -0.3% |
| Taxes, remuneration and social security | 45 | €22,500 | €31,492 | +€8,992 | +40.0% |
| Taxes | 450/3 | €22,500 | €31,492 | +€8,992 | +40.0% |
| Other amounts payable | 47/48 | €1,468 | €6,232 | +€4,765 | +325% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,136 | €13,683 | +€547 | +4.2% |
| Other operating charges | 640/8 | €118 | €8,233 | +€8,115 | +6,877% |
| Gross operating margin | 9900 | €84,354 | €73,673 | -€10,681 | -12.7% |
| Operating profit (loss) | 9901 | €71,100 | €51,758 | -€19,343 | -27.2% |
| Financial income | 75/76B | €294 | €2,036 | +€1,742 | +592% |
| Recurring financial income | 75 | €294 | €2,036 | +€1,742 | +592% |
| Financial charges | 65/66B | €3,014 | €3,155 | +€141 | +4.7% |
| Recurring financial charges | 65 | €3,014 | €3,155 | +€141 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €68,380 | €50,638 | -€17,742 | -25.9% |
| Income taxes | 67/77 | €16,169 | €15,177 | -€992 | -6.1% |
| Profit (loss) for the period | 9904 | €52,211 | €35,461 | -€16,749 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,211 | €35,461 | -€16,749 | -32.1% |
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.