MRS: 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.
MRS
Largest movements
- Tangible fixed assets -€12,559
down €12,559 (-41.7%), from €30,144 to €17,586
- Receivables within one year -€348
down €348 (-61.7%), from €564 to €216
- Profit (loss) carried forward -€16,908
down €16,908 (-137.9%), from -€12,261 to -€29,169
- Other debts +€3,643
up €3,643 (+9.2%), from €39,589 to €43,232
- Depreciation +€5,023
up €5,023 (+66.7%), from €7,535 to €12,559
- Gross operating margin +€728
up €728 (+17.1%), from -€4,266 to -€3,538
- Other operating charges +€218
up €218 (+69.9%), from €313 to €531
- Financial charges +€78
up €78 (+110.9%), from €70 to €148
- Taxes +€52
up €52 (+64.1%), from €80 to €132
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 | €30,784 | €17,905 | -€12,879 | -41.8% |
| Fixed assets | 21/28 | €30,144 | €17,586 | -€12,559 | -41.7% |
| Tangible fixed assets | 22/27 | €30,144 | €17,586 | -€12,559 | -41.7% |
| Furniture and vehicles | 24 | €30,144 | €17,586 | -€12,559 | -41.7% |
| Current assets | 29/58 | €639 | €319 | -€320 | -50.1% |
| Amounts receivable within one year | 40/41 | €564 | €216 | -€348 | -61.7% |
| Other amounts receivable | 41 | €564 | €216 | -€348 | -61.7% |
| Cash at bank and in hand | 54/58 | €75 | €103 | +€28 | +36.6% |
| Total equity and liabilities | 10/49 | €30,784 | €17,905 | -€12,879 | -41.8% |
| Equity | 10/15 | -€9,261 | -€26,169 | -€16,908 | -182.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,261 | -€29,169 | -€16,908 | -137.9% |
| Amounts payable | 17/49 | €40,045 | €44,074 | +€4,029 | +10.1% |
| Amounts payable within one year | 42/48 | €40,045 | €44,074 | +€4,029 | +10.1% |
| Trade debts | 44 | €375 | €629 | +€254 | +67.7% |
| Suppliers | 440/4 | €375 | €629 | +€254 | +67.7% |
| Taxes, remuneration and social security | 45 | €80 | €212 | +€132 | +164.1% |
| Taxes | 450/3 | €80 | €212 | +€132 | +164.1% |
| Other amounts payable | 47/48 | €39,589 | €43,232 | +€3,643 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,535 | €12,559 | +€5,023 | +66.7% |
| Other operating charges | 640/8 | €313 | €531 | +€218 | +69.9% |
| Gross operating margin | 9900 | -€4,266 | -€3,538 | +€728 | +17.1% |
| Operating profit (loss) | 9901 | -€12,114 | -€16,628 | -€4,514 | -37.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €70 | €148 | +€78 | +110.9% |
| Recurring financial charges | 65 | €70 | €148 | +€78 | +110.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,181 | -€16,776 | -€4,595 | -37.7% |
| Income taxes | 67/77 | €80 | €132 | +€52 | +64.1% |
| Profit (loss) for the period | 9904 | -€12,261 | -€16,908 | -€4,647 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,261 | -€16,908 | -€4,647 | -37.9% |
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 7 October 2026 via checked.be.