MRS Projects: 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.
MRS Projects
Largest movements
- Tangible fixed assets -€7,918
down €7,918 (-2.4%), from €323,477 to €315,559
- Receivables within one year +€5,048
up €5,048 (+59.2%), from €8,530 to €13,578
of which Other amounts receivable: +€5,968
- Debts after one year +€29,627
up €29,627 (+9.4%), from €314,727 to €344,354
- Trade debts -€16,669
down €16,669 (-96.9%), from €17,195 to €526
- Profit (loss) carried forward -€15,430
down €15,430 (-35.8%), from -€43,118 to -€58,548
- Gross operating margin -€6,011
down €6,011, from €5,589 to -€422
- Depreciation -€4,812
down €4,812 (-35.1%), from €13,694 to €8,882
- Financial charges -€1,762
down €1,762 (-26.5%), from €6,642 to €4,880
- Other operating charges -€637
down €637 (-33.8%), from €1,883 to €1,246
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 | €364,106 | €359,505 | -€4,602 | -1.3% |
| Fixed assets | 21/28 | €353,477 | €345,559 | -€7,918 | -2.2% |
| Tangible fixed assets | 22/27 | €323,477 | €315,559 | -€7,918 | -2.4% |
| Land and buildings | 22 | €323,477 | €315,559 | -€7,918 | -2.4% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €10,629 | €13,946 | +€3,316 | +31.2% |
| Amounts receivable within one year | 40/41 | €8,530 | €13,578 | +€5,048 | +59.2% |
| Trade receivables | 40 | €920 | - | -€920 | |
| Other amounts receivable | 41 | €7,610 | €13,578 | +€5,968 | +78.4% |
| Cash at bank and in hand | 54/58 | €2,099 | €320 | -€1,779 | -84.8% |
| Deferred charges and accrued income | 490/1 | - | €48 | +€48 | |
| Total equity and liabilities | 10/49 | €364,106 | €359,505 | -€4,602 | -1.3% |
| Equity | 10/15 | -€43,118 | -€58,548 | -€15,430 | -35.8% |
| Profit (loss) carried forward | 14 | -€43,118 | -€58,548 | -€15,430 | -35.8% |
| Amounts payable | 17/49 | €407,224 | €418,053 | +€10,829 | +2.7% |
| Amounts payable after more than one year | 17 | €314,727 | €344,354 | +€29,627 | +9.4% |
| Financial debts | 170/4 | €314,727 | €344,354 | +€29,627 | +9.4% |
| Amounts payable within one year | 42/48 | €91,009 | €72,211 | -€18,798 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €13,093 | €13,569 | +€475 | +3.6% |
| Trade debts | 44 | €17,195 | €526 | -€16,669 | -96.9% |
| Suppliers | 440/4 | €17,195 | €526 | -€16,669 | -96.9% |
| Taxes, remuneration and social security | 45 | €7,286 | €4,682 | -€2,604 | -35.7% |
| Taxes | 450/3 | €7,286 | €4,682 | -€2,604 | -35.7% |
| Other amounts payable | 47/48 | €53,435 | €53,435 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,488 | €1,488 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,694 | €8,882 | -€4,812 | -35.1% |
| Other operating charges | 640/8 | €1,883 | €1,246 | -€637 | -33.8% |
| Gross operating margin | 9900 | €5,589 | -€422 | -€6,011 | |
| Operating profit (loss) | 9901 | -€9,989 | -€10,551 | -€562 | -5.6% |
| Financial charges | 65/66B | €6,642 | €4,880 | -€1,762 | -26.5% |
| Recurring financial charges | 65 | €6,642 | €4,880 | -€1,762 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,630 | -€15,430 | +€1,200 | +7.2% |
| Profit (loss) for the period | 9904 | -€16,630 | -€15,430 | +€1,200 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,630 | -€15,430 | +€1,200 | +7.2% |
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 12 October 2026 via checked.be.