MRSIC & CIE: 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.
MRSIC & CIE
Largest movements
- Cash +€8,042
up €8,042 (+158%), from €5,082 to €13,124
mainly Depreciation (+€3,735) and Net result for the year (+€2,730)
- Tangible fixed assets -€3,735
down €3,735 (-64.0%), from €5,834 to €2,099
of which Plant, machinery and equipment: -€3,442
- Receivables within one year -€1,293
down €1,293 (-11.7%), from €11,059 to €9,766
of which Trade receivables: -€1,859
- Current portion of long-term debt -€3,099
down €3,099 (-59.5%), from €5,211 to €2,113
- Profit (loss) carried forward +€2,730
up €2,730 (+11.3%), from -€24,237 to -€21,508
- Trade debts +€2,671
up €2,671 (+65.8%), from €4,061 to €6,732
- Tax, wage and social debts +€1,811
up €1,811 (+74.7%), from €2,425 to €4,235
of which Remuneration and social security: +€1,873
- Other debts -€969
down €969 (-5.9%), from €16,293 to €15,324
- Gross operating margin +€5,023
up €5,023 (+10.3%), from €48,696 to €53,719
- Staff costs +€1,485
up €1,485 (+3.3%), from €44,772 to €46,256
- Other operating charges -€1,203
down €1,203 (-65.0%), from €1,850 to €647
- Depreciation -€560
down €560 (-13.0%), from €4,295 to €3,735
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 | €23,222 | €26,356 | +€3,135 | +13.5% |
| Fixed assets | 21/28 | €5,834 | €2,099 | -€3,735 | -64.0% |
| Tangible fixed assets | 22/27 | €5,834 | €2,099 | -€3,735 | -64.0% |
| Plant, machinery and equipment | 23 | €5,541 | €2,099 | -€3,442 | -62.1% |
| Furniture and vehicles | 24 | €293 | - | -€293 | |
| Current assets | 29/58 | €17,388 | €24,257 | +€6,869 | +39.5% |
| Amounts receivable within one year | 40/41 | €11,059 | €9,766 | -€1,293 | -11.7% |
| Trade receivables | 40 | €10,926 | €9,068 | -€1,859 | -17.0% |
| Other amounts receivable | 41 | €133 | €698 | +€565 | +426% |
| Cash at bank and in hand | 54/58 | €5,082 | €13,124 | +€8,042 | +158% |
| Deferred charges and accrued income | 490/1 | €1,246 | €1,367 | +€121 | +9.7% |
| Total equity and liabilities | 10/49 | €23,222 | €26,356 | +€3,135 | +13.5% |
| Equity | 10/15 | -€4,777 | -€2,048 | +€2,730 | +57.1% |
| Contributions | 10/11 | €17,600 | €17,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,237 | -€21,508 | +€2,730 | +11.3% |
| Amounts payable | 17/49 | €27,999 | €28,404 | +€405 | +1.4% |
| Amounts payable within one year | 42/48 | €27,991 | €28,404 | +€413 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €5,211 | €2,113 | -€3,099 | -59.5% |
| Trade debts | 44 | €4,061 | €6,732 | +€2,671 | +65.8% |
| Suppliers | 440/4 | €4,061 | €6,732 | +€2,671 | +65.8% |
| Taxes, remuneration and social security | 45 | €2,425 | €4,235 | +€1,811 | +74.7% |
| Taxes | 450/3 | €246 | €183 | -€63 | -25.5% |
| Remuneration and social security | 454/9 | €2,179 | €4,053 | +€1,873 | +86.0% |
| Other amounts payable | 47/48 | €16,293 | €15,324 | -€969 | -5.9% |
| Accrued charges and deferred income | 492/3 | €8 | - | -€8 | |
| Remuneration, social security and pensions | 62 | €44,772 | €46,256 | +€1,485 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,295 | €3,735 | -€560 | -13.0% |
| Other operating charges | 640/8 | €1,850 | €647 | -€1,203 | -65.0% |
| Gross operating margin | 9900 | €48,696 | €53,719 | +€5,023 | +10.3% |
| Operating profit (loss) | 9901 | -€2,221 | €3,081 | +€5,302 | |
| Financial income | 75/76B | €4 | €2 | -€2 | -58.7% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -58.7% |
| Financial charges | 65/66B | €491 | €353 | -€138 | -28.1% |
| Recurring financial charges | 65 | €491 | €353 | -€138 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,708 | €2,730 | +€5,437 | |
| Profit (loss) for the period | 9904 | -€2,708 | €2,730 | +€5,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,708 | €2,730 | +€5,437 |
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 18 October 2026 via checked.be.