MRV Concepts: 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.
MRV Concepts
Largest movements
- Tangible fixed assets -€515
down €515 (-73.3%), from €703 to €188
- Cash +€103
up €103 (+77.4%), from €133 to €236
mainly Depreciation (+€515)
- Tax, wage and social debts -€210
no longer reported in 2025 (was €210)
- Profit (loss) carried forward -€189
down €189 (-0.9%), from -€20,652 to -€20,841
- Other debts -€13
down €13 (-0.1%), from €15,078 to €15,065
- Gross operating margin -€2,728
down €2,728 (-89.3%), from €3,054 to €326
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 | €836 | €424 | -€412 | -49.3% |
| Fixed assets | 21/28 | €703 | €188 | -€515 | -73.3% |
| Tangible fixed assets | 22/27 | €703 | €188 | -€515 | -73.3% |
| Plant, machinery and equipment | 23 | €703 | €188 | -€515 | -73.3% |
| Current assets | 29/58 | €133 | €236 | +€103 | +77.4% |
| Cash at bank and in hand | 54/58 | €133 | €236 | +€103 | +77.4% |
| Total equity and liabilities | 10/49 | €836 | €424 | -€412 | -49.3% |
| Equity | 10/15 | -€14,452 | -€14,641 | -€189 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,652 | -€20,841 | -€189 | -0.9% |
| Amounts payable | 17/49 | €15,288 | €15,065 | -€223 | -1.5% |
| Amounts payable within one year | 42/48 | €15,288 | €15,065 | -€223 | -1.5% |
| Taxes, remuneration and social security | 45 | €210 | - | -€210 | |
| Taxes | 450/3 | €210 | - | -€210 | |
| Other amounts payable | 47/48 | €15,078 | €15,065 | -€13 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515 | €515 | = | 0.0% |
| Gross operating margin | 9900 | €3,054 | €326 | -€2,728 | -89.3% |
| Operating profit (loss) | 9901 | €2,539 | -€189 | -€2,728 | |
| Financial charges | 65/66B | €2 | - | -€2 | |
| Recurring financial charges | 65 | €2 | - | -€2 | |
| Profit (loss) for the period before taxes | 9903 | €2,537 | -€189 | -€2,726 | |
| Profit (loss) for the period | 9904 | €2,537 | -€189 | -€2,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,537 | -€189 | -€2,726 |
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.