MRX ESTATE: 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.
MRX ESTATE
Largest movements
- Financial fixed assets -€2.0m
down €2.0m (-99.9%), from €2.0m to €2,708
- Tangible fixed assets -€109,422
down €109,422 (-69.8%), from €156,811 to €47,389
of which Land and buildings: -€97,034
- Cash -€44,898
down €44,898 (-80.3%), from €55,929 to €11,031
mainly Net result for the year (-€2.0m) and Debts after one year (-€180,259)
- Receivables within one year +€44,162
up €44,162 (+429%), from €10,304 to €54,465
- Profit (loss) carried forward -€2.0m
down €2.0m, from €939,106 to -€1.0m
- Debts after one year -€180,259
down €180,259 (-26.7%), from €674,777 to €494,518
of which Financial debts: -€180,259
- Financial charges +€2.0m
up €2.0m (+11,572%), from €16,978 to €2.0m
- Financial income -€199,671
down €199,671 (-99.7%), from €200,343 to €672
- Gross operating margin +€75,580
up €75,580 (+359%), from €21,051 to €96,631
- Other operating charges +€64,845
up €64,845 (+3,761%), from €1,724 to €66,570
- Depreciation -€3,455
down €3,455 (-76.8%), from €4,499 to €1,044
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 | €2,255,006 | €119,224 | -€2.1m | -94.7% |
| Fixed assets | 21/28 | €2,188,773 | €50,098 | -€2.1m | -97.7% |
| Tangible fixed assets | 22/27 | €156,811 | €47,389 | -€109,422 | -69.8% |
| Land and buildings | 22 | €144,006 | €46,972 | -€97,034 | -67.4% |
| Plant, machinery and equipment | 23 | €12,805 | €417 | -€12,388 | -96.7% |
| Financial fixed assets | 28 | €2,031,962 | €2,708 | -€2.0m | -99.9% |
| Current assets | 29/58 | €66,232 | €69,127 | +€2,894 | +4.4% |
| Amounts receivable within one year | 40/41 | €10,304 | €54,465 | +€44,162 | +429% |
| Other amounts receivable | 41 | €10,304 | €54,465 | +€44,162 | +429% |
| Cash at bank and in hand | 54/58 | €55,929 | €11,031 | -€44,898 | -80.3% |
| Deferred charges and accrued income | 490/1 | - | €3,630 | +€3,630 | |
| Total equity and liabilities | 10/49 | €2,255,006 | €119,224 | -€2.1m | -94.7% |
| Equity | 10/15 | €1,379,906 | -€572,083 | -€2.0m | |
| Contributions | 10/11 | €340,800 | €340,800 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €939,106 | -€1,012,883 | -€2.0m | |
| Amounts payable | 17/49 | €875,100 | €691,307 | -€183,793 | -21.0% |
| Amounts payable after more than one year | 17 | €674,777 | €494,518 | -€180,259 | -26.7% |
| Financial debts | 170/4 | €549,777 | €369,518 | -€180,259 | -32.8% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €197,359 | €193,726 | -€3,633 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €177,325 | €180,259 | +€2,935 | +1.7% |
| Trade debts | 44 | €295 | €3,630 | +€3,335 | +1,130% |
| Suppliers | 440/4 | €295 | €3,630 | +€3,335 | +1,130% |
| Taxes, remuneration and social security | 45 | €9,903 | - | -€9,903 | |
| Taxes | 450/3 | €9,903 | - | -€9,903 | |
| Other amounts payable | 47/48 | €9,836 | €9,836 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,964 | €3,064 | +€100 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,499 | €1,044 | -€3,455 | -76.8% |
| Other operating charges | 640/8 | €1,724 | €66,570 | +€64,845 | +3,761% |
| Gross operating margin | 9900 | €21,051 | €96,631 | +€75,580 | +359% |
| Operating profit (loss) | 9901 | €14,828 | €29,017 | +€14,189 | +95.7% |
| Financial income | 75/76B | €200,343 | €672 | -€199,671 | -99.7% |
| Recurring financial income | 75 | €200,343 | €672 | -€199,671 | -99.7% |
| Financial charges | 65/66B | €16,978 | €1,981,677 | +€2.0m | +11,572% |
| Recurring financial charges | 65 | €16,978 | €1,981,677 | +€2.0m | +11,572% |
| Profit (loss) for the period before taxes | 9903 | €198,193 | -€1,951,988 | -€2.2m | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €198,193 | -€1,951,988 | -€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €198,193 | -€1,951,988 | -€2.2m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.