MRSRT ASSOCIATES: 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.
MRSRT ASSOCIATES
Largest movements
- Receivables within one year -€5,716
down €5,716 (-19.4%), from €29,478 to €23,762
of which Other amounts receivable: -€11,520
- Tangible fixed assets -€5,176
down €5,176 (-19.9%), from €26,019 to €20,843
of which Furniture and vehicles: -€8,367
- Stocks and contracts -€1,650
down €1,650 (-26.8%), from €6,150 to €4,500
- Trade debts -€15,864
down €15,864 (-67.1%), from €23,655 to €7,791
- Profit (loss) carried forward +€7,468
up €7,468 (+32.5%), from €23,008 to €30,476
- Debts after one year -€4,761
down €4,761 (-21.0%), from €22,696 to €17,935
- Tax, wage and social debts -€2,185
down €2,185 (-24.5%), from €8,900 to €6,715
- Current portion of long-term debt +€1,053
up €1,053 (+25.1%), from €4,196 to €5,249
- Gross operating margin -€12,799
down €12,799 (-36.0%), from €35,544 to €22,745
- Taxes -€8,273
down €8,273 (-93.0%), from €8,900 to €627
- Depreciation +€7,604
up €7,604 (+306%), from €2,483 to €10,087
- Financial charges +€2,068
up €2,068 (+370%), from €559 to €2,627
- Financial income +€359
up €359 (+212%), from €170 to €529
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 | €86,162 | €72,833 | -€13,329 | -15.5% |
| Fixed assets | 21/28 | €26,019 | €20,843 | -€5,176 | -19.9% |
| Tangible fixed assets | 22/27 | €26,019 | €20,843 | -€5,176 | -19.9% |
| Furniture and vehicles | 24 | €26,019 | €17,652 | -€8,367 | -32.2% |
| Other tangible fixed assets | 26 | - | €3,191 | +€3,191 | |
| Current assets | 29/58 | €60,143 | €51,991 | -€8,153 | -13.6% |
| Stocks and contracts in progress | 3 | €6,150 | €4,500 | -€1,650 | -26.8% |
| Stocks | 30/36 | €6,150 | €4,500 | -€1,650 | -26.8% |
| Amounts receivable within one year | 40/41 | €29,478 | €23,762 | -€5,716 | -19.4% |
| Trade receivables | 40 | €17,958 | €23,762 | +€5,804 | +32.3% |
| Other amounts receivable | 41 | €11,520 | - | -€11,520 | |
| Cash at bank and in hand | 54/58 | €24,420 | €23,729 | -€691 | -2.8% |
| Deferred charges and accrued income | 490/1 | €96 | - | -€96 | |
| Total equity and liabilities | 10/49 | €86,162 | €72,833 | -€13,329 | -15.5% |
| Equity | 10/15 | €25,008 | €32,476 | +€7,468 | +29.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,008 | €30,476 | +€7,468 | +32.5% |
| Amounts payable | 17/49 | €61,155 | €40,358 | -€20,797 | -34.0% |
| Amounts payable after more than one year | 17 | €22,696 | €17,935 | -€4,761 | -21.0% |
| Financial debts | 170/4 | €22,696 | €17,935 | -€4,761 | -21.0% |
| Amounts payable within one year | 42/48 | €38,458 | €22,423 | -€16,035 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €4,196 | €5,249 | +€1,053 | +25.1% |
| Trade debts | 44 | €23,655 | €7,791 | -€15,864 | -67.1% |
| Suppliers | 440/4 | €23,655 | €7,791 | -€15,864 | -67.1% |
| Taxes, remuneration and social security | 45 | €8,900 | €6,715 | -€2,185 | -24.5% |
| Taxes | 450/3 | €8,900 | €6,715 | -€2,185 | -24.5% |
| Other amounts payable | 47/48 | €1,708 | €2,668 | +€960 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,483 | €10,087 | +€7,604 | +306% |
| Other operating charges | 640/8 | €764 | €973 | +€209 | +27.3% |
| Gross operating margin | 9900 | €35,544 | €22,745 | -€12,799 | -36.0% |
| Operating profit (loss) | 9901 | €32,297 | €11,685 | -€20,612 | -63.8% |
| Financial income | 75/76B | €170 | €529 | +€359 | +212% |
| Recurring financial income | 75 | €170 | €529 | +€359 | +212% |
| Financial charges | 65/66B | €559 | €2,627 | +€2,068 | +370% |
| Recurring financial charges | 65 | €559 | €2,627 | +€2,068 | +370% |
| Profit (loss) for the period before taxes | 9903 | €31,908 | €9,587 | -€22,321 | -70.0% |
| Income taxes | 67/77 | €8,900 | €627 | -€8,273 | -93.0% |
| Profit (loss) for the period | 9904 | €23,008 | €8,960 | -€14,048 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,008 | €8,960 | -€14,048 | -61.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.