MRLRMU: 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.
MRLRMU
Largest movements
- Receivables within one year +€23,802
up €23,802 (+1302.1%), from €1,828 to €25,630
of which Trade receivables: +€23,809
- Cash -€6,904
down €6,904 (-65.1%), from €10,602 to €3,698
mainly Other debts (-€25,692) and Receivables within one year (-€23,802)
- Stocks and contracts +€3,158
up €3,158 (+25.9%), from €12,209 to €15,367
- Profit (loss) carried forward +€27,659
up €27,659 (+934.4%), from €2,960 to €30,619
- Other debts -€25,692
down €25,692 (-90.8%), from €28,287 to €2,595
- Debts after one year +€16,877
new in 2025: €16,877
- Trade debts +€3,584
up €3,584 (+96.4%), from €3,717 to €7,301
- Advances received -€2,152
no longer reported in 2025 (was €2,152)
- Turnover +€43,144
up €43,144 (+98.8%), from €43,685 to €86,829
- Gross operating margin +€26,633
up €26,633 (+317.2%), from €8,396 to €35,029
- Purchases and services +€16,511
up €16,511 (+46.8%), from €35,289 to €51,800
- Depreciation +€1,316
up €1,316 (+27.6%), from €4,763 to €6,079
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 | €38,116 | €58,392 | +€20,276 | +53.2% |
| Fixed assets | 21/28 | €13,477 | €13,697 | +€220 | +1.6% |
| Tangible fixed assets | 22/27 | €13,477 | €13,697 | +€220 | +1.6% |
| Furniture and vehicles | 24 | €13,477 | €13,697 | +€220 | +1.6% |
| Current assets | 29/58 | €24,639 | €44,695 | +€20,056 | +81.4% |
| Stocks and contracts in progress | 3 | €12,209 | €15,367 | +€3,158 | +25.9% |
| Stocks | 30/36 | €12,209 | €15,367 | +€3,158 | +25.9% |
| Amounts receivable within one year | 40/41 | €1,828 | €25,630 | +€23,802 | +1302.1% |
| Trade receivables | 40 | €1,191 | €25,000 | +€23,809 | +1999.1% |
| Other amounts receivable | 41 | €637 | €630 | -€7 | -1.1% |
| Cash at bank and in hand | 54/58 | €10,602 | €3,698 | -€6,904 | -65.1% |
| Total equity and liabilities | 10/49 | €38,116 | €58,392 | +€20,276 | +53.2% |
| Equity | 10/15 | €3,960 | €31,619 | +€27,659 | +698.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €2,960 | €30,619 | +€27,659 | +934.4% |
| Amounts payable | 17/49 | €34,156 | €26,773 | -€7,383 | -21.6% |
| Amounts payable after more than one year | 17 | - | €16,877 | +€16,877 | |
| Financial debts | 170/4 | - | €16,877 | +€16,877 | |
| Amounts payable within one year | 42/48 | €34,156 | €9,896 | -€24,260 | -71.0% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €3,717 | €7,301 | +€3,584 | +96.4% |
| Suppliers | 440/4 | €3,717 | €7,301 | +€3,584 | +96.4% |
| Advances received on contracts in progress | 46 | €2,152 | - | -€2,152 | |
| Other amounts payable | 47/48 | €28,287 | €2,595 | -€25,692 | -90.8% |
| Turnover | 70 | €43,685 | €86,829 | +€43,144 | +98.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,289 | €51,800 | +€16,511 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,763 | €6,079 | +€1,316 | +27.6% |
| Non-recurring operating charges | 66A | €370 | €667 | +€297 | +80.3% |
| Gross operating margin | 9900 | €8,396 | €35,029 | +€26,633 | +317.2% |
| Operating profit (loss) | 9901 | €3,263 | €28,283 | +€25,020 | +766.8% |
| Financial charges | 65/66B | €303 | €624 | +€321 | +105.9% |
| Recurring financial charges | 65 | €303 | €624 | +€321 | +105.9% |
| Profit (loss) for the period before taxes | 9903 | €2,960 | €27,659 | +€24,699 | +834.4% |
| Profit (loss) for the period | 9904 | €2,960 | €27,659 | +€24,699 | +834.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,960 | €27,659 | +€24,699 | +834.4% |
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 8 October 2026 via checked.be.