MRSTeam: 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.
MRSTeam
Largest movements
- Cash +€489,373
up €489,373 (+166.2%), from €294,382 to €783,755
mainly Stocks and contracts (+€289,814) and Net result for the year (+€279,223)
- Stocks and contracts -€289,814
down €289,814 (-16.7%), from €1.7m to €1.4m
- Tangible fixed assets -€158,591
down €158,591 (-19.5%), from €811,784 to €653,193
- Receivables within one year +€68,975
up €68,975 (+130.7%), from €52,785 to €121,760
of which Trade receivables: +€78,340
- Debts after one year -€168,629
down €168,629 (-22.1%), from €761,347 to €592,718
of which Financial debts: -€150,329
- Reserves +€167,396
up €167,396 (+33.7%), from €496,317 to €663,713
of which Distributable reserves: +€170,421
- Tax, wage and social debts +€157,222
up €157,222 (+646.6%), from €24,315 to €181,538
of which Taxes: +€154,667
- Trade debts -€75,199
down €75,199 (-63.5%), from €118,448 to €43,249
- Gross operating margin +€20,016
up €20,016 (+2.9%), from €678,907 to €698,923
- Depreciation -€8,428
down €8,428 (-6.8%), from €123,856 to €115,428
- Financial charges -€7,402
down €7,402 (-8.6%), from €86,345 to €78,944
- Staff costs +€7,132
up €7,132 (+6.7%), from €105,977 to €113,109
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 | €2,956,397 | €3,030,151 | +€73,754 | +2.5% |
| Fixed assets | 21/28 | €860,533 | €672,462 | -€188,071 | -21.9% |
| Intangible fixed assets | 21 | €28,905 | €19,270 | -€9,635 | -33.3% |
| Tangible fixed assets | 22/27 | €811,784 | €653,193 | -€158,591 | -19.5% |
| Land and buildings | 22 | €596,384 | €545,545 | -€50,839 | -8.5% |
| Plant, machinery and equipment | 23 | €7,429 | €8,099 | +€669 | +9.0% |
| Furniture and vehicles | 24 | €137,823 | €64,852 | -€72,971 | -52.9% |
| Leasing and similar rights | 25 | €47,110 | €13,436 | -€33,674 | -71.5% |
| Other tangible fixed assets | 26 | €23,037 | €21,261 | -€1,776 | -7.7% |
| Financial fixed assets | 28 | €19,845 | - | -€19,845 | |
| Current assets | 29/58 | €2,095,864 | €2,357,689 | +€261,825 | +12.5% |
| Stocks and contracts in progress | 3 | €1,736,544 | €1,446,730 | -€289,814 | -16.7% |
| Stocks | 30/36 | €1,736,544 | €1,446,730 | -€289,814 | -16.7% |
| Amounts receivable within one year | 40/41 | €52,785 | €121,760 | +€68,975 | +130.7% |
| Trade receivables | 40 | €34,558 | €112,899 | +€78,340 | +226.7% |
| Other amounts receivable | 41 | €18,227 | €8,861 | -€9,366 | -51.4% |
| Cash at bank and in hand | 54/58 | €294,382 | €783,755 | +€489,373 | +166.2% |
| Deferred charges and accrued income | 490/1 | €12,153 | €5,444 | -€6,709 | -55.2% |
| Total equity and liabilities | 10/49 | €2,956,397 | €3,030,151 | +€73,754 | +2.5% |
| Equity | 10/15 | €1,152,048 | €1,319,692 | +€167,644 | +14.6% |
| Contributions | 10/11 | €45,330 | €45,330 | = | 0.0% |
| Reserves | 13 | €496,317 | €663,713 | +€167,396 | +33.7% |
| Tax-exempt reserves | 132 | €7,032 | €4,007 | -€3,025 | -43.0% |
| Distributable reserves | 133 | €489,284 | €659,705 | +€170,421 | +34.8% |
| Profit (loss) carried forward | 14 | €610,402 | €610,649 | +€248 | 0.0% |
| Provisions and deferred taxes | 16 | €3,116 | €1,558 | -€1,558 | -50.0% |
| Deferred taxes | 168 | €3,116 | €1,558 | -€1,558 | -50.0% |
| Amounts payable | 17/49 | €1,801,233 | €1,708,901 | -€92,331 | -5.1% |
| Amounts payable after more than one year | 17 | €761,347 | €592,718 | -€168,629 | -22.1% |
| Financial debts | 170/4 | €481,347 | €331,018 | -€150,329 | -31.2% |
| Other amounts payable | 178/9 | €280,000 | €261,700 | -€18,300 | -6.5% |
| Amounts payable within one year | 42/48 | €1,035,062 | €1,110,474 | +€75,412 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €167,139 | €159,324 | -€7,815 | -4.7% |
| Financial debts | 43 | €625,000 | €625,000 | = | 0.0% |
| Credit institutions | 430/8 | €625,000 | €625,000 | = | 0.0% |
| Trade debts | 44 | €118,448 | €43,249 | -€75,199 | -63.5% |
| Suppliers | 440/4 | €118,448 | €43,249 | -€75,199 | -63.5% |
| Taxes, remuneration and social security | 45 | €24,315 | €181,538 | +€157,222 | +646.6% |
| Taxes | 450/3 | €6,840 | €161,506 | +€154,667 | +2261.3% |
| Remuneration and social security | 454/9 | €17,475 | €20,031 | +€2,556 | +14.6% |
| Other amounts payable | 47/48 | €100,160 | €101,363 | +€1,203 | +1.2% |
| Accrued charges and deferred income | 492/3 | €4,824 | €5,710 | +€885 | +18.4% |
| Non-recurring operating income | 76A | €13,437 | €35,376 | +€21,939 | +163.3% |
| Remuneration, social security and pensions | 62 | €105,977 | €113,109 | +€7,132 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,856 | €115,428 | -€8,428 | -6.8% |
| Other operating charges | 640/8 | €13,645 | €17,006 | +€3,362 | +24.6% |
| Gross operating margin | 9900 | €678,907 | €698,923 | +€20,016 | +2.9% |
| Operating profit (loss) | 9901 | €435,430 | €453,380 | +€17,951 | +4.1% |
| Financial income | 75/76B | €3 | €12 | +€9 | +303.8% |
| Recurring financial income | 75 | €3 | €12 | +€9 | +303.8% |
| Financial charges | 65/66B | €86,345 | €78,944 | -€7,402 | -8.6% |
| Recurring financial charges | 65 | €86,345 | €78,944 | -€7,402 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €349,087 | €374,448 | +€25,361 | +7.3% |
| Transfer from deferred taxes | 780 | €1,558 | €1,558 | = | 0.0% |
| Income taxes | 67/77 | €95,346 | €96,783 | +€1,437 | +1.5% |
| Profit (loss) for the period | 9904 | €255,299 | €279,223 | +€23,924 | +9.4% |
| Transfer from tax-exempt reserves | 789 | €3,025 | €3,025 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €258,324 | €282,248 | +€23,924 | +9.3% |
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 8 October 2026 via checked.be.