MRN Infra: 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.
MRN Infra
Largest movements
- Receivables within one year -€17,341
down €17,341 (-46.6%), from €37,204 to €19,863
of which Trade receivables: -€28,796
- Tangible fixed assets +€14,051
new in 2025: €14,051
- Trade debts -€21,878
down €21,878 (-83.2%), from €26,301 to €4,423
- Debts after one year +€9,587
new in 2025: €9,587
- Current portion of long-term debt +€4,189
new in 2025: €4,189
- Profit (loss) carried forward +€4,114
up €4,114 (+36.5%), from €11,272 to €15,386
- Financial charges +€2,723
up €2,723 (+74.0%), from €3,682 to €6,405
- Other operating charges +€1,252
up €1,252 (+92.5%), from €1,354 to €2,606
- Taxes -€666
down €666 (-23.7%), from €2,811 to €2,145
- Depreciation +€614
new in 2025: €614
- Financial income +€394
up €394 (+215%), from €184 to €578
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 | €46,413 | €42,681 | -€3,732 | -8.0% |
| Fixed assets | 21/28 | - | €14,051 | +€14,051 | |
| Tangible fixed assets | 22/27 | - | €14,051 | +€14,051 | |
| Furniture and vehicles | 24 | - | €14,051 | +€14,051 | |
| Current assets | 29/58 | €46,413 | €28,630 | -€17,783 | -38.3% |
| Amounts receivable within one year | 40/41 | €37,204 | €19,863 | -€17,341 | -46.6% |
| Trade receivables | 40 | €28,796 | - | -€28,796 | |
| Other amounts receivable | 41 | €8,409 | €19,863 | +€11,455 | +136% |
| Cash at bank and in hand | 54/58 | €7,924 | €7,559 | -€365 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,284 | €1,208 | -€76 | -5.9% |
| Total equity and liabilities | 10/49 | €46,413 | €42,681 | -€3,732 | -8.0% |
| Equity | 10/15 | €13,272 | €17,386 | +€4,114 | +31.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,272 | €15,386 | +€4,114 | +36.5% |
| Amounts payable | 17/49 | €33,140 | €25,295 | -€7,846 | -23.7% |
| Amounts payable after more than one year | 17 | - | €9,587 | +€9,587 | |
| Financial debts | 170/4 | - | €9,587 | +€9,587 | |
| Amounts payable within one year | 42/48 | €33,140 | €15,708 | -€17,432 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,189 | +€4,189 | |
| Trade debts | 44 | €26,301 | €4,423 | -€21,878 | -83.2% |
| Suppliers | 440/4 | €26,301 | €4,423 | -€21,878 | -83.2% |
| Taxes, remuneration and social security | 45 | €6,840 | €7,096 | +€257 | +3.8% |
| Taxes | 450/3 | €6,840 | €7,096 | +€257 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €614 | +€614 | |
| Other operating charges | 640/8 | €1,354 | €2,606 | +€1,252 | +92.5% |
| Gross operating margin | 9900 | €14,986 | €15,306 | +€319 | +2.1% |
| Operating profit (loss) | 9901 | €13,633 | €12,086 | -€1,547 | -11.3% |
| Financial income | 75/76B | €184 | €578 | +€394 | +215% |
| Recurring financial income | 75 | €184 | €578 | +€394 | +215% |
| Financial charges | 65/66B | €3,682 | €6,405 | +€2,723 | +74.0% |
| Recurring financial charges | 65 | €3,682 | €6,405 | +€2,723 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | €10,135 | €6,259 | -€3,876 | -38.2% |
| Income taxes | 67/77 | €2,811 | €2,145 | -€666 | -23.7% |
| Profit (loss) for the period | 9904 | €7,324 | €4,114 | -€3,210 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,324 | €4,114 | -€3,210 | -43.8% |
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 25 October 2026 via checked.be.