Architect Peter Mertens: what changed
Architect Peter Mertens
Largest movements
- Cash +€22,173
up €22,173 (+40.8%), from €54,304 to €76,478
mainly Receivables within one year (+€14,423) and Net result for the year (+€5,955)
- Receivables within one year -€14,423
down €14,423 (-49.0%), from €29,444 to €15,021
of which Trade receivables: -€15,003
- Current investments -€3,847
down €3,847 (-3.0%), from €127,555 to €123,707
- Tangible fixed assets -€3,275
down €3,275 (-34.1%), from €9,617 to €6,342
of which Plant, machinery and equipment: -€2,257
- Profit (loss) carried forward +€5,955
up €5,955 (+72.3%), from -€8,237 to -€2,283
- Tax, wage and social debts -€5,362
down €5,362 (-65.5%), from €8,187 to €2,825
of which Taxes: -€3,016
- Financial income -€7,379
down €7,379 (-76.0%), from €9,709 to €2,330
- Gross operating margin +€7,222
up €7,222 (+133%), from €5,423 to €12,645
- Other operating charges +€1,557
up €1,557 (+178%), from €877 to €2,433
- Taxes -€607
down €607 (-16.8%), from €3,607 to €3,000
- Financial charges -€307
down €307 (-49.6%), from €619 to €312
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 | €220,920 | €221,548 | +€628 | +0.3% |
| Fixed assets | 21/28 | €9,617 | €6,342 | -€3,275 | -34.1% |
| Tangible fixed assets | 22/27 | €9,617 | €6,342 | -€3,275 | -34.1% |
| Land and buildings | 22 | €3,815 | €2,796 | -€1,018 | -26.7% |
| Plant, machinery and equipment | 23 | €5,803 | €3,546 | -€2,257 | -38.9% |
| Current assets | 29/58 | €211,303 | €215,206 | +€3,903 | +1.8% |
| Amounts receivable within one year | 40/41 | €29,444 | €15,021 | -€14,423 | -49.0% |
| Trade receivables | 40 | €21,426 | €6,423 | -€15,003 | -70.0% |
| Other amounts receivable | 41 | €8,018 | €8,598 | +€580 | +7.2% |
| Current investments | 50/53 | €127,555 | €123,707 | -€3,847 | -3.0% |
| Cash at bank and in hand | 54/58 | €54,304 | €76,478 | +€22,173 | +40.8% |
| Total equity and liabilities | 10/49 | €220,920 | €221,548 | +€628 | +0.3% |
| Equity | 10/15 | €184,667 | €190,622 | +€5,955 | +3.2% |
| Contributions | 10/11 | €182,000 | €182,000 | = | 0.0% |
| Reserves | 13 | €10,905 | €10,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,465 | €2,465 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,465 | €2,465 | = | 0.0% |
| Distributable reserves | 133 | €8,440 | €8,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,237 | -€2,283 | +€5,955 | +72.3% |
| Amounts payable | 17/49 | €36,253 | €30,926 | -€5,327 | -14.7% |
| Amounts payable after more than one year | 17 | €8,287 | €6,732 | -€1,555 | -18.8% |
| Financial debts | 170/4 | €8,287 | €6,732 | -€1,555 | -18.8% |
| Amounts payable within one year | 42/48 | €27,966 | €24,194 | -€3,772 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €2,384 | €3,907 | +€1,523 | +63.9% |
| Trade debts | 44 | €15,624 | €17,462 | +€1,837 | +11.8% |
| Suppliers | 440/4 | €15,624 | €17,462 | +€1,837 | +11.8% |
| Advances received on contracts in progress | 46 | €1,770 | - | -€1,770 | |
| Taxes, remuneration and social security | 45 | €8,187 | €2,825 | -€5,362 | -65.5% |
| Taxes | 450/3 | €5,842 | €2,825 | -€3,016 | -51.6% |
| Remuneration and social security | 454/9 | €2,345 | - | -€2,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,529 | €3,275 | -€253 | -7.2% |
| Other operating charges | 640/8 | €877 | €2,433 | +€1,557 | +178% |
| Gross operating margin | 9900 | €5,423 | €12,645 | +€7,222 | +133% |
| Operating profit (loss) | 9901 | €1,018 | €6,936 | +€5,919 | +582% |
| Financial income | 75/76B | €9,709 | €2,330 | -€7,379 | -76.0% |
| Recurring financial income | 75 | €9,709 | €2,330 | -€7,379 | -76.0% |
| Financial charges | 65/66B | €619 | €312 | -€307 | -49.6% |
| Recurring financial charges | 65 | €619 | €312 | -€307 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €10,107 | €8,955 | -€1,153 | -11.4% |
| Income taxes | 67/77 | €3,607 | €3,000 | -€607 | -16.8% |
| Profit (loss) for the period | 9904 | €6,500 | €5,955 | -€546 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,500 | €5,955 | -€546 | -8.4% |
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 3 November 2026 via checked.be.