MRTR: what changed
MRTR
Largest movements
- Receivables within one year +€39,390
up €39,390 (+613%), from €6,426 to €45,816
of which Trade receivables: +€39,710
- Stocks and contracts +€24,299
up €24,299 (+18.8%), from €128,950 to €153,249
- Cash +€17,720
up €17,720 (+724%), from €2,447 to €20,167
mainly Net result for the year (+€40,835) and Other debts (+€29,365)
- Reserves +€40,835
up €40,835 (+118%), from €34,570 to €75,405
- Other debts +€29,365
up €29,365 (+79.2%), from €37,058 to €66,423
- Debts after one year +€12,500
up €12,500 (+39.1%), from €32,000 to €44,500
- Trade debts -€9,895
down €9,895 (-53.0%), from €18,660 to €8,765
- Tax, wage and social debts +€7,955
up €7,955 (+246%), from €3,234 to €11,189
- Gross operating margin +€39,165
up €39,165 (+218%), from €17,960 to €57,125
- Taxes +€7,574
up €7,574 (+272%), from €2,783 to €10,357
- Financial charges +€832
up €832 (+22.0%), from €3,778 to €4,610
- Other operating charges +€617
up €617 (+87.3%), from €707 to €1,323
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,014 | €219,314 | +€81,300 | +58.9% |
| Current assets | 29/58 | €138,014 | €219,314 | +€81,300 | +58.9% |
| Stocks and contracts in progress | 3 | €128,950 | €153,249 | +€24,299 | +18.8% |
| Stocks | 30/36 | €128,950 | €153,249 | +€24,299 | +18.8% |
| Amounts receivable within one year | 40/41 | €6,426 | €45,816 | +€39,390 | +613% |
| Trade receivables | 40 | €6,105 | €45,816 | +€39,710 | +650% |
| Other amounts receivable | 41 | €321 | €0 | -€321 | -100% |
| Cash at bank and in hand | 54/58 | €2,447 | €20,167 | +€17,720 | +724% |
| Deferred charges and accrued income | 490/1 | €191 | €83 | -€108 | -56.5% |
| Total equity and liabilities | 10/49 | €138,014 | €219,314 | +€81,300 | +58.9% |
| Equity | 10/15 | €44,570 | €85,405 | +€40,835 | +91.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €34,570 | €75,405 | +€40,835 | +118% |
| Distributable reserves | 133 | €34,570 | €75,405 | +€40,835 | +118% |
| Amounts payable | 17/49 | €93,444 | €133,909 | +€40,465 | +43.3% |
| Amounts payable after more than one year | 17 | €32,000 | €44,500 | +€12,500 | +39.1% |
| Financial debts | 170/4 | €32,000 | €44,500 | +€12,500 | +39.1% |
| Amounts payable within one year | 42/48 | €58,952 | €86,377 | +€27,425 | +46.5% |
| Trade debts | 44 | €18,660 | €8,765 | -€9,895 | -53.0% |
| Suppliers | 440/4 | €18,660 | €8,765 | -€9,895 | -53.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,234 | €11,189 | +€7,955 | +246% |
| Taxes | 450/3 | €3,234 | €11,189 | +€7,955 | +246% |
| Other amounts payable | 47/48 | €37,058 | €66,423 | +€29,365 | +79.2% |
| Accrued charges and deferred income | 492/3 | €2,492 | €3,032 | +€540 | +21.7% |
| Other operating charges | 640/8 | €707 | €1,323 | +€617 | +87.3% |
| Gross operating margin | 9900 | €17,960 | €57,125 | +€39,165 | +218% |
| Operating profit (loss) | 9901 | €17,253 | €55,802 | +€38,549 | +223% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,778 | €4,610 | +€832 | +22.0% |
| Recurring financial charges | 65 | €3,778 | €4,610 | +€832 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €13,475 | €51,192 | +€37,717 | +280% |
| Income taxes | 67/77 | €2,783 | €10,357 | +€7,574 | +272% |
| Profit (loss) for the period | 9904 | €10,692 | €40,835 | +€30,143 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €10,692 | €40,835 | +€30,143 | +282% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.