MRN Immo: 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.
MRN Immo
Largest movements
- Tangible fixed assets -€598,393
down €598,393 (-35.6%), from €1.7m to €1.1m
- Current investments -€500,000
down €500,000 (-50.0%), from €1.0m to €500,000
- Cash -€254,135
down €254,135 (-97.1%), from €261,597 to €7,462
mainly Other debts (-€1.2m) and Receivables within one year (-€125,621)
- Receivables within one year +€125,621
up €125,621 (+26.8%), from €468,144 to €593,765
of which Other amounts receivable: +€125,621
- Stocks and contracts +€37,960
new in 2025: €37,960
- Other debts -€1.2m
down €1.2m (-45.7%), from €2.7m to €1.4m
- Profit (loss) carried forward +€102,949
up €102,949 (+55.8%), from -€184,455 to -€81,506
- Debts after one year -€57,896
down €57,896 (-11.4%), from €505,717 to €447,822
- Financial charges -€114,446
down €114,446 (-88.9%), from €128,748 to €14,303
- Financial income +€25,150
up €25,150 (+81.8%), from €30,764 to €55,913
- Depreciation -€12,078
down €12,078 (-24.2%), from €49,823 to €37,745
- Other operating charges +€3,790
up €3,790 (+30.5%), from €12,427 to €16,218
- Gross operating margin +€3,323
up €3,323 (+3.0%), from €111,979 to €115,301
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 | €3,415,429 | €2,225,832 | -€1.2m | -34.8% |
| Fixed assets | 21/28 | €1,681,396 | €1,083,002 | -€598,393 | -35.6% |
| Tangible fixed assets | 22/27 | €1,681,396 | €1,083,002 | -€598,393 | -35.6% |
| Land and buildings | 22 | €1,681,396 | €1,083,002 | -€598,393 | -35.6% |
| Current assets | 29/58 | €1,734,034 | €1,142,830 | -€591,204 | -34.1% |
| Stocks and contracts in progress | 3 | - | €37,960 | +€37,960 | |
| Stocks | 30/36 | - | €37,960 | +€37,960 | |
| Amounts receivable within one year | 40/41 | €468,144 | €593,765 | +€125,621 | +26.8% |
| Trade receivables | 40 | €1,146 | €1,146 | = | 0.0% |
| Other amounts receivable | 41 | €466,998 | €592,619 | +€125,621 | +26.9% |
| Current investments | 50/53 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €261,597 | €7,462 | -€254,135 | -97.1% |
| Deferred charges and accrued income | 490/1 | €4,293 | €3,643 | -€650 | -15.1% |
| Total equity and liabilities | 10/49 | €3,415,429 | €2,225,832 | -€1.2m | -34.8% |
| Equity | 10/15 | €157,738 | €260,688 | +€102,949 | +65.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €323,594 | €323,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €321,734 | €321,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,455 | -€81,506 | +€102,949 | +55.8% |
| Amounts payable | 17/49 | €3,257,691 | €1,965,144 | -€1.3m | -39.7% |
| Amounts payable after more than one year | 17 | €505,717 | €447,822 | -€57,896 | -11.4% |
| Financial debts | 170/4 | €505,717 | €447,822 | -€57,896 | -11.4% |
| Amounts payable within one year | 42/48 | €2,751,974 | €1,517,322 | -€1.2m | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €56,927 | €57,896 | +€969 | +1.7% |
| Trade debts | 44 | €26,765 | €11,444 | -€15,321 | -57.2% |
| Suppliers | 440/4 | €26,765 | €11,444 | -€15,321 | -57.2% |
| Taxes, remuneration and social security | 45 | €24 | - | -€24 | |
| Taxes | 450/3 | €24 | - | -€24 | |
| Other amounts payable | 47/48 | €2,668,257 | €1,447,982 | -€1.2m | -45.7% |
| Non-recurring operating income | 76A | €71 | - | -€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,823 | €37,745 | -€12,078 | -24.2% |
| Other operating charges | 640/8 | €12,427 | €16,218 | +€3,790 | +30.5% |
| Gross operating margin | 9900 | €111,979 | €115,301 | +€3,323 | +3.0% |
| Operating profit (loss) | 9901 | €49,728 | €61,339 | +€11,610 | +23.3% |
| Financial income | 75/76B | €30,764 | €55,913 | +€25,150 | +81.8% |
| Recurring financial income | 75 | €30,764 | €55,913 | +€25,150 | +81.8% |
| Financial charges | 65/66B | €128,748 | €14,303 | -€114,446 | -88.9% |
| Recurring financial charges | 65 | €128,748 | €14,303 | -€114,446 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | -€48,256 | €102,949 | +€151,206 | |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€48,258 | €102,949 | +€151,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,258 | €102,949 | +€151,208 |
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 4 October 2026 via checked.be.