MRMADV: 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.
MRMADV
Largest movements
- Current investments +€55,000
new in 2025: €55,000
- Cash -€20,567
down €20,567 (-26.7%), from €77,145 to €56,579
mainly Current investments (-€55,000) and Investment in fixed assets (net) (-€3,153)
- Tangible fixed assets +€2,206
new in 2025: €2,206
- Reserves +€39,049
up €39,049 (+73.8%), from €52,896 to €91,945
- Other debts -€2,270
down €2,270 (-38.3%), from €5,929 to €3,660
- Gross operating margin +€7,529
up €7,529 (+17.6%), from €42,748 to €50,277
- Taxes +€1,196
up €1,196 (+13.5%), from €8,877 to €10,073
- Depreciation +€947
new in 2025: €947
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 | €77,145 | €113,785 | +€36,639 | +47.5% |
| Fixed assets | 21/28 | - | €2,206 | +€2,206 | |
| Tangible fixed assets | 22/27 | - | €2,206 | +€2,206 | |
| Furniture and vehicles | 24 | - | €2,206 | +€2,206 | |
| Current assets | 29/58 | €77,145 | €111,579 | +€34,433 | +44.6% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €77,145 | €56,579 | -€20,567 | -26.7% |
| Total equity and liabilities | 10/49 | €77,145 | €113,785 | +€36,639 | +47.5% |
| Equity | 10/15 | €52,996 | €92,045 | +€39,049 | +73.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €52,896 | €91,945 | +€39,049 | +73.8% |
| Distributable reserves | 133 | €52,896 | €91,945 | +€39,049 | +73.8% |
| Amounts payable | 17/49 | €24,150 | €21,740 | -€2,410 | -10.0% |
| Amounts payable within one year | 42/48 | €24,150 | €21,740 | -€2,410 | -10.0% |
| Taxes, remuneration and social security | 45 | €18,220 | €18,080 | -€140 | -0.8% |
| Taxes | 450/3 | €18,220 | €18,080 | -€140 | -0.8% |
| Other amounts payable | 47/48 | €5,929 | €3,660 | -€2,270 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €947 | +€947 | |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €42,748 | €50,277 | +€7,529 | +17.6% |
| Operating profit (loss) | 9901 | €42,684 | €49,264 | +€6,580 | +15.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €142 | €142 | = | 0.0% |
| Recurring financial charges | 65 | €142 | €142 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €42,543 | €49,122 | +€6,579 | +15.5% |
| Income taxes | 67/77 | €8,877 | €10,073 | +€1,196 | +13.5% |
| Profit (loss) for the period | 9904 | €33,667 | €39,049 | +€5,383 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,667 | €39,049 | +€5,383 | +16.0% |
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 21 October 2026 via checked.be.