MRSL: 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.
MRSL
Largest movements
- Current investments +€29,138
up €29,138 (+25.3%), from €115,000 to €144,138
- Cash -€24,109
down €24,109 (-85.1%), from €28,314 to €4,205
mainly Current investments (-€29,138) and Trade debts (-€5,739)
- Tangible fixed assets -€14,139
down €14,139 (-11.3%), from €125,636 to €111,498
of which Land and buildings: -€13,986
- Receivables within one year +€3,105
up €3,105 (+52.2%), from €5,948 to €9,053
- Trade debts -€5,739
down €5,739 (-97.9%), from €5,865 to €126
- Other debts +€3,172
up €3,172 (+116.3%), from €2,727 to €5,899
- Financial income +€3,169
up €3,169 (+173.1%), from €1,831 to €5,001
- Financial charges -€2,690
down €2,690 (-95.3%), from €2,824 to €133
- Gross operating margin -€1,825
down €1,825 (-14.5%), from €12,578 to €10,753
- Other operating charges +€314
up €314 (+8.4%), from €3,763 to €4,078
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,917 | €271,633 | -€5,284 | -1.9% |
| Fixed assets | 21/28 | €127,655 | €114,237 | -€13,418 | -10.5% |
| Tangible fixed assets | 22/27 | €125,636 | €111,498 | -€14,139 | -11.3% |
| Land and buildings | 22 | €125,310 | €111,324 | -€13,986 | -11.2% |
| Plant, machinery and equipment | 23 | €327 | €174 | -€153 | -46.8% |
| Financial fixed assets | 28 | €2,019 | €2,739 | +€721 | +35.7% |
| Current assets | 29/58 | €149,262 | €157,396 | +€8,134 | +5.4% |
| Amounts receivable within one year | 40/41 | €5,948 | €9,053 | +€3,105 | +52.2% |
| Trade receivables | 40 | €5,948 | €9,053 | +€3,105 | +52.2% |
| Current investments | 50/53 | €115,000 | €144,138 | +€29,138 | +25.3% |
| Cash at bank and in hand | 54/58 | €28,314 | €4,205 | -€24,109 | -85.1% |
| Total equity and liabilities | 10/49 | €276,917 | €271,633 | -€5,284 | -1.9% |
| Equity | 10/15 | €260,096 | €256,645 | -€3,451 | -1.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €224,000 | €224,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €224,000 | €224,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,878 | -€10,565 | -€1,688 | -19.0% |
| Investment grants | 15 | €14,974 | €13,210 | -€1,764 | -11.8% |
| Provisions and deferred taxes | 16 | €5,284 | €4,376 | -€908 | -17.2% |
| Deferred taxes | 168 | €5,284 | €4,376 | -€908 | -17.2% |
| Amounts payable | 17/49 | €11,536 | €10,612 | -€924 | -8.0% |
| Amounts payable within one year | 42/48 | €8,592 | €6,025 | -€2,567 | -29.9% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €5,865 | €126 | -€5,739 | -97.9% |
| Suppliers | 440/4 | €5,865 | €126 | -€5,739 | -97.9% |
| Other amounts payable | 47/48 | €2,727 | €5,899 | +€3,172 | +116.3% |
| Accrued charges and deferred income | 492/3 | €2,945 | €4,587 | +€1,643 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,118 | €14,139 | +€21 | +0.1% |
| Other operating charges | 640/8 | €3,763 | €4,078 | +€314 | +8.4% |
| Gross operating margin | 9900 | €12,578 | €10,753 | -€1,825 | -14.5% |
| Operating profit (loss) | 9901 | -€5,304 | -€7,464 | -€2,160 | -40.7% |
| Financial income | 75/76B | €1,831 | €5,001 | +€3,169 | +173.1% |
| Recurring financial income | 75 | €1,831 | €5,001 | +€3,169 | +173.1% |
| Financial charges | 65/66B | €2,824 | €133 | -€2,690 | -95.3% |
| Recurring financial charges | 65 | €2,824 | €133 | -€2,690 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,296 | -€2,596 | +€3,700 | +58.8% |
| Transfer from deferred taxes | 780 | €908 | €908 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€5,387 | -€1,688 | +€3,700 | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,387 | -€1,688 | +€3,700 | +68.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.