MRTR INVEST: what changed
MRTR INVEST
Largest movements
- Cash +€66,283
up €66,283 (+161%), from €41,234 to €107,517
mainly Net result for the year (+€60,710) and Tax, wage and social debts (+€17,621)
- Receivables within one year -€15,337
no longer reported in 2025 (was €15,337)
- Tangible fixed assets -€6,431
down €6,431 (-12.5%), from €51,314 to €44,883
of which Leasing and similar rights: -€9,132
- Deferred charges and accrued income -€3,179
down €3,179 (-9.4%), from €33,938 to €30,759
- Profit (loss) carried forward +€60,710
up €60,710 (+116%), from €52,203 to €112,913
- Other debts -€29,696
down €29,696 (-96.3%), from €30,847 to €1,151
- Tax, wage and social debts +€17,621
up €17,621 (+88.6%), from €19,900 to €37,521
of which Taxes: +€17,594
- Debts after one year -€8,813
down €8,813 (-31.7%), from €27,802 to €18,989
- Gross operating margin +€7,976
up €7,976 (+9.2%), from €87,143 to €95,119
- Taxes +€2,444
up €2,444 (+15.8%), from €15,446 to €17,890
- Depreciation -€1,555
down €1,555 (-11.8%), from €13,126 to €11,572
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,824 | €183,159 | +€41,336 | +29.1% |
| Fixed assets | 21/28 | €51,314 | €44,883 | -€6,431 | -12.5% |
| Tangible fixed assets | 22/27 | €51,314 | €44,883 | -€6,431 | -12.5% |
| Furniture and vehicles | 24 | - | €1,434 | +€1,434 | |
| Leasing and similar rights | 25 | €35,231 | €26,099 | -€9,132 | -25.9% |
| Other tangible fixed assets | 26 | €16,083 | €17,350 | +€1,267 | +7.9% |
| Current assets | 29/58 | €90,509 | €138,276 | +€47,767 | +52.8% |
| Amounts receivable within one year | 40/41 | €15,337 | - | -€15,337 | |
| Trade receivables | 40 | €15,337 | - | -€15,337 | |
| Cash at bank and in hand | 54/58 | €41,234 | €107,517 | +€66,283 | +161% |
| Deferred charges and accrued income | 490/1 | €33,938 | €30,759 | -€3,179 | -9.4% |
| Total equity and liabilities | 10/49 | €141,824 | €183,159 | +€41,336 | +29.1% |
| Equity | 10/15 | €54,203 | €114,913 | +€60,710 | +112% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,203 | €112,913 | +€60,710 | +116% |
| Amounts payable | 17/49 | €87,621 | €68,247 | -€19,374 | -22.1% |
| Amounts payable after more than one year | 17 | €27,802 | €18,989 | -€8,813 | -31.7% |
| Financial debts | 170/4 | €27,802 | €18,989 | -€8,813 | -31.7% |
| Amounts payable within one year | 42/48 | €59,819 | €49,258 | -€10,561 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €8,447 | €8,813 | +€366 | +4.3% |
| Trade debts | 44 | €625 | €1,773 | +€1,148 | +184% |
| Suppliers | 440/4 | €625 | €1,773 | +€1,148 | +184% |
| Taxes, remuneration and social security | 45 | €19,900 | €37,521 | +€17,621 | +88.6% |
| Taxes | 450/3 | €18,217 | €35,811 | +€17,594 | +96.6% |
| Remuneration and social security | 454/9 | €1,683 | €1,710 | +€27 | +1.6% |
| Other amounts payable | 47/48 | €30,847 | €1,151 | -€29,696 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,126 | €11,572 | -€1,555 | -11.8% |
| Other operating charges | 640/8 | €3,059 | €2,295 | -€764 | -25.0% |
| Gross operating margin | 9900 | €87,143 | €95,119 | +€7,976 | +9.2% |
| Operating profit (loss) | 9901 | €70,957 | €81,252 | +€10,294 | +14.5% |
| Financial income | 75/76B | €294 | €0 | -€294 | -100.0% |
| Recurring financial income | 75 | €294 | €0 | -€294 | -100.0% |
| Financial charges | 65/66B | €3,603 | €2,653 | -€951 | -26.4% |
| Recurring financial charges | 65 | €3,603 | €2,653 | -€951 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €67,649 | €78,599 | +€10,951 | +16.2% |
| Income taxes | 67/77 | €15,446 | €17,890 | +€2,444 | +15.8% |
| Profit (loss) for the period | 9904 | €52,203 | €60,710 | +€8,506 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,203 | €60,710 | +€8,506 | +16.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.