CEDRIC MERCKX: what changed
What changed
CEDRIC MERCKX
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€3,856
2024 · -€22,132+€25,989
Equity
€127,876
2024 · €124,020+€3,856
Cash
€123,003
2024 · €102,971+€20,032
Balance sheet total
€919,097
2024 · €981,201-€62,104
Largest movements
Assets
- Tangible fixed assets -€84,337
down €84,337 (-11.5%), from €736,126 to €651,789
of which Plant, machinery and equipment: -€59,904
- Cash +€20,032
up €20,032 (+19.5%), from €102,971 to €123,003
mainly Investment in fixed assets (net) (+€51,435) and Depreciation (+€31,037)
Equity and liabilities
- Debts after one year -€44,954
down €44,954 (-7.9%), from €571,267 to €526,312
- Current portion of long-term debt -€23,747
down €23,747 (-31.1%), from €76,265 to €52,519
- Trade debts +€11,816
up €11,816 (+15.2%), from €77,539 to €89,355
- Other debts -€11,041
down €11,041 (-22.5%), from €48,967 to €37,926
Income statement
- Gross operating margin -€59,058
down €59,058 (-14.7%), from €400,692 to €341,634
- Staff costs -€54,537
down €54,537 (-16.2%), from €335,863 to €281,326
- Depreciation -€31,111
down €31,111 (-50.1%), from €62,148 to €31,037
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.
Result 2024
-€22,132
Gross operating margin
-€59,058
Staff costs
+€54,537
Depreciation
+€31,111
Other operating charges
-€444
Financial income
+€1,473
Financial charges
-€1,643
Taxes
+€12
Result 2025
€3,856
raises the resultlowers the result
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.
From operations
+€38,395
Investment
+€51,435
Financing
-€69,798
Cash 2024
€102,971
From operations (derived)
+€38,395
Net result for the year
+€3,856
Depreciation
+€31,037
Receivables within one year
+€343
Deferred charges and accrued income
-€679
Trade debts
+€11,816
Tax, wage and social debts
+€3,062
Other debts
-€11,041
Investment (derived)
+€51,435
Investment in fixed assets (net)
+€51,435
Financing
-€69,798
Debts after one year
-€44,954
Current portion of long-term debt
-€23,747
Short-term financial debts
-€1,097
Cash 2025
€123,003
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €981,201 | €919,097 | -€62,104 | -6.3% |
| Fixed assets | 21/28 | €736,396 | €653,924 | -€82,472 | -11.2% |
| Tangible fixed assets | 22/27 | €736,126 | €651,789 | -€84,337 | -11.5% |
| Land and buildings | 22 | €655,412 | €637,813 | -€17,600 | -2.7% |
| Plant, machinery and equipment | 23 | €72,094 | €12,190 | -€59,904 | -83.1% |
| Furniture and vehicles | 24 | €370 | €136 | -€234 | -63.1% |
| Leasing and similar rights | 25 | €8,250 | €1,650 | -€6,600 | -80.0% |
| Financial fixed assets | 28 | €270 | €2,135 | +€1,865 | +691% |
| Current assets | 29/58 | €244,805 | €265,172 | +€20,368 | +8.3% |
| Amounts receivable within one year | 40/41 | €130,881 | €130,538 | -€343 | -0.3% |
| Trade receivables | 40 | €129,529 | €130,538 | +€1,009 | +0.8% |
| Other amounts receivable | 41 | €1,352 | - | -€1,352 | |
| Cash at bank and in hand | 54/58 | €102,971 | €123,003 | +€20,032 | +19.5% |
| Deferred charges and accrued income | 490/1 | €10,952 | €11,631 | +€679 | +6.2% |
| Total equity and liabilities | 10/49 | €981,201 | €919,097 | -€62,104 | -6.3% |
| Equity | 10/15 | €124,020 | €127,876 | +€3,856 | +3.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €4,134 | €4,134 | = | 0.0% |
| Distributable reserves | 133 | €4,134 | €4,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,385 | €111,242 | +€3,856 | +3.6% |
| Amounts payable | 17/49 | €857,181 | €791,220 | -€65,961 | -7.7% |
| Amounts payable after more than one year | 17 | €571,267 | €526,312 | -€44,954 | -7.9% |
| Financial debts | 170/4 | €571,267 | €526,312 | -€44,954 | -7.9% |
| Amounts payable within one year | 42/48 | €285,914 | €264,908 | -€21,006 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €76,265 | €52,519 | -€23,747 | -31.1% |
| Financial debts | 43 | €4,918 | €3,821 | -€1,097 | -22.3% |
| Credit institutions | 430/8 | €4,918 | €3,821 | -€1,097 | -22.3% |
| Trade debts | 44 | €77,539 | €89,355 | +€11,816 | +15.2% |
| Suppliers | 440/4 | €77,539 | €89,355 | +€11,816 | +15.2% |
| Taxes, remuneration and social security | 45 | €78,225 | €81,287 | +€3,062 | +3.9% |
| Taxes | 450/3 | €18,466 | €33,552 | +€15,087 | +81.7% |
| Remuneration and social security | 454/9 | €59,759 | €47,735 | -€12,025 | -20.1% |
| Other amounts payable | 47/48 | €48,967 | €37,926 | -€11,041 | -22.5% |
| Non-recurring operating income | 76A | €3,713 | €63,363 | +€59,649 | +1,606% |
| Remuneration, social security and pensions | 62 | €335,863 | €281,326 | -€54,537 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,148 | €31,037 | -€31,111 | -50.1% |
| Other operating charges | 640/8 | €6,337 | €6,780 | +€444 | +7.0% |
| Gross operating margin | 9900 | €400,692 | €341,634 | -€59,058 | -14.7% |
| Operating profit (loss) | 9901 | -€3,655 | €22,491 | +€26,147 | |
| Financial income | 75/76B | €8,686 | €10,159 | +€1,473 | +17.0% |
| Recurring financial income | 75 | €0 | €42 | +€41 | +10,308% |
| Non-recurring financial income | 76B | €8,686 | €10,117 | +€1,432 | +16.5% |
| Financial charges | 65/66B | €26,901 | €28,544 | +€1,643 | +6.1% |
| Recurring financial charges | 65 | €25,855 | €24,035 | -€1,820 | -7.0% |
| Non-recurring financial charges | 66B | €1,046 | €4,510 | +€3,464 | +331% |
| Profit (loss) for the period before taxes | 9903 | -€21,870 | €4,106 | +€25,976 | |
| Income taxes | 67/77 | €262 | €250 | -€12 | -4.7% |
| Profit (loss) for the period | 9904 | -€22,132 | €3,856 | +€25,989 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,132 | €3,856 | +€25,989 |
Next steps
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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 2 November 2026 via checked.be.