MRO Project: 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.
MRO Project
Largest movements
- Cash -€16,058
down €16,058 (-30.2%), from €53,095 to €37,037
mainly Receivables within one year (-€13,882) and Debts after one year (-€8,528)
- Receivables within one year +€13,882
up €13,882 (+38.3%), from €36,250 to €50,132
of which Trade receivables: +€13,500
- Debts after one year -€8,528
down €8,528 (-23.1%), from €36,907 to €28,378
- Reserves +€8,246
up €8,246 (+10.0%), from €82,649 to €90,895
of which Distributable reserves: +€8,246
- Gross operating margin -€2,751
down €2,751 (-14.1%), from €19,479 to €16,728
- Taxes -€1,245
down €1,245 (-17.0%), from €7,306 to €6,062
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 | €149,532 | €147,274 | -€2,258 | -1.5% |
| Fixed assets | 21/28 | €60,000 | €60,000 | = | 0.0% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €89,532 | €87,274 | -€2,258 | -2.5% |
| Amounts receivable within one year | 40/41 | €36,250 | €50,132 | +€13,882 | +38.3% |
| Trade receivables | 40 | €26,250 | €39,750 | +€13,500 | +51.4% |
| Other amounts receivable | 41 | €10,000 | €10,382 | +€382 | +3.8% |
| Cash at bank and in hand | 54/58 | €53,095 | €37,037 | -€16,058 | -30.2% |
| Deferred charges and accrued income | 490/1 | €187 | €105 | -€82 | -43.7% |
| Total equity and liabilities | 10/49 | €149,532 | €147,274 | -€2,258 | -1.5% |
| Equity | 10/15 | €95,049 | €103,295 | +€8,246 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €82,649 | €90,895 | +€8,246 | +10.0% |
| 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 | €80,789 | €89,035 | +€8,246 | +10.2% |
| Amounts payable | 17/49 | €54,483 | €43,979 | -€10,504 | -19.3% |
| Amounts payable after more than one year | 17 | €36,907 | €28,378 | -€8,528 | -23.1% |
| Financial debts | 170/4 | €36,907 | €28,378 | -€8,528 | -23.1% |
| Amounts payable within one year | 42/48 | €17,577 | €15,601 | -€1,976 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €8,328 | €8,528 | +€200 | +2.4% |
| Financial debts | 43 | €2,031 | €2,053 | +€22 | +1.1% |
| Credit institutions | 430/8 | €2,031 | €2,053 | +€22 | +1.1% |
| Trade debts | 44 | €5,187 | €4,958 | -€230 | -4.4% |
| Suppliers | 440/4 | €5,187 | €4,958 | -€230 | -4.4% |
| Taxes, remuneration and social security | 45 | €1,306 | €62 | -€1,245 | -95.3% |
| Taxes | 450/3 | €1,306 | €62 | -€1,245 | -95.3% |
| Other amounts payable | 47/48 | €724 | - | -€724 | |
| Other operating charges | 640/8 | €483 | €607 | +€124 | +25.6% |
| Gross operating margin | 9900 | €19,479 | €16,728 | -€2,751 | -14.1% |
| Operating profit (loss) | 9901 | €18,996 | €16,121 | -€2,875 | -15.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +3,000% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3,000% |
| Financial charges | 65/66B | €1,991 | €1,813 | -€178 | -8.9% |
| Recurring financial charges | 65 | €1,991 | €1,813 | -€178 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €17,005 | €14,308 | -€2,697 | -15.9% |
| Income taxes | 67/77 | €7,306 | €6,062 | -€1,245 | -17.0% |
| Profit (loss) for the period | 9904 | €9,698 | €8,246 | -€1,452 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,698 | €8,246 | -€1,452 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.