MRNG Management: 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.
MRNG Management
Largest movements
- Receivables within one year +€52,585
up €52,585 (+158%), from €33,261 to €85,845
of which Trade receivables: +€32,139
- Cash +€20,371
up €20,371 (+44.6%), from €45,637 to €66,008
mainly Trade debts (+€35,890) and Net result for the year (+€27,058)
- Intangible fixed assets -€3,000
down €3,000 (-87.7%), from €3,419 to €419
- Trade debts +€35,890
up €35,890 (+376%), from €9,555 to €45,445
- Profit (loss) carried forward +€22,149
no longer reported in 2025 (was -€22,149)
- Tax, wage and social debts +€10,876
up €10,876 (+205%), from €5,295 to €16,172
- Other debts +€4,909
up €4,909 (+70.1%), from €7,003 to €11,912
- Debts after one year -€3,575
no longer reported in 2025 (was €3,575)
- Gross operating margin +€63,307
up €63,307, from -€25,299 to €38,008
- Taxes +€2,598
up €2,598 (+711%), from €366 to €2,963
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 | €84,020 | €153,111 | +€69,091 | +82.2% |
| Fixed assets | 21/28 | €5,123 | €1,258 | -€3,864 | -75.4% |
| Intangible fixed assets | 21 | €3,419 | €419 | -€3,000 | -87.7% |
| Tangible fixed assets | 22/27 | €1,703 | €839 | -€864 | -50.7% |
| Furniture and vehicles | 24 | €1,703 | €839 | -€864 | -50.7% |
| Current assets | 29/58 | €78,898 | €151,853 | +€72,956 | +92.5% |
| Amounts receivable within one year | 40/41 | €33,261 | €85,845 | +€52,585 | +158% |
| Trade receivables | 40 | €6,255 | €38,394 | +€32,139 | +514% |
| Other amounts receivable | 41 | €27,006 | €47,452 | +€20,446 | +75.7% |
| Cash at bank and in hand | 54/58 | €45,637 | €66,008 | +€20,371 | +44.6% |
| Total equity and liabilities | 10/49 | €84,020 | €153,111 | +€69,091 | +82.2% |
| Equity | 10/15 | €11,451 | €33,600 | +€22,149 | +193% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,149 | - | +€22,149 | |
| Amounts payable | 17/49 | €72,569 | €119,511 | +€46,943 | +64.7% |
| Amounts payable after more than one year | 17 | €3,575 | - | -€3,575 | |
| Financial debts | 170/4 | €3,575 | - | -€3,575 | |
| Amounts payable within one year | 42/48 | €68,968 | €119,511 | +€50,543 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €6,567 | €3,575 | -€2,992 | -45.6% |
| Trade debts | 44 | €9,555 | €45,445 | +€35,890 | +376% |
| Suppliers | 440/4 | €9,555 | €45,445 | +€35,890 | +376% |
| Advances received on contracts in progress | 46 | €40,547 | €42,407 | +€1,860 | +4.6% |
| Taxes, remuneration and social security | 45 | €5,295 | €16,172 | +€10,876 | +205% |
| Taxes | 450/3 | €5,295 | €16,172 | +€10,876 | +205% |
| Other amounts payable | 47/48 | €7,003 | €11,912 | +€4,909 | +70.1% |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,969 | €3,864 | -€105 | -2.6% |
| Other operating charges | 640/8 | €805 | €1,008 | +€203 | +25.2% |
| Gross operating margin | 9900 | -€25,299 | €38,008 | +€63,307 | |
| Operating profit (loss) | 9901 | -€30,073 | €33,136 | +€63,209 | |
| Financial income | 75/76B | €354 | €19 | -€334 | -94.5% |
| Recurring financial income | 75 | €354 | €19 | -€334 | -94.5% |
| Financial charges | 65/66B | €2,770 | €3,134 | +€363 | +13.1% |
| Recurring financial charges | 65 | €2,770 | €3,134 | +€363 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | -€32,490 | €30,021 | +€62,511 | |
| Income taxes | 67/77 | €366 | €2,963 | +€2,598 | +711% |
| Profit (loss) for the period | 9904 | -€32,855 | €27,058 | +€59,913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,855 | €27,058 | +€59,913 |
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 27 October 2026 via checked.be.