Compagnie De Merode: what changed
Compagnie De Merode
Largest movements
- Receivables within one year -€39,260
no longer reported in 2025 (was €39,260)
- Tangible fixed assets -€22,285
down €22,285 (-22.2%), from €100,370 to €78,085
of which Furniture and vehicles: -€21,721
- Cash -€17,930
down €17,930 (-27.3%), from €65,582 to €47,652
mainly Trade debts (-€109,793) and Contributions, distributions and other (-€32,500)
- Stocks and contracts -€14,872
no longer reported in 2025 (was €14,872)
- Trade debts -€109,793
down €109,793 (-92.5%), from €118,673 to €8,880
- Other debts +€24,468
up €24,468 (+329%), from €7,433 to €31,901
- Debts after one year -€14,585
down €14,585 (-27.5%), from €53,014 to €38,429
- Profit (loss) carried forward +€13,323
no longer reported in 2025 (was -€13,323)
- Tax, wage and social debts -€12,463
down €12,463 (-64.2%), from €19,422 to €6,958
- Gross operating margin +€41,647
up €41,647 (+159%), from €26,141 to €67,788
- Financial income +€11,423
up €11,423 (+5,425%), from €211 to €11,634
of which Non-recurring financial income: +€10,428
- Depreciation +€6,696
up €6,696 (+37.7%), from €17,748 to €24,444
- Other operating charges -€3,700
down €3,700 (-98.3%), from €3,765 to €66
- Taxes +€2,547
up €2,547 (+157%), from €1,624 to €4,171
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 | €220,903 | €126,556 | -€94,347 | -42.7% |
| Fixed assets | 21/28 | €101,190 | €78,905 | -€22,285 | -22.0% |
| Tangible fixed assets | 22/27 | €100,370 | €78,085 | -€22,285 | -22.2% |
| Plant, machinery and equipment | 23 | €8,769 | €8,205 | -€564 | -6.4% |
| Furniture and vehicles | 24 | €91,601 | €69,880 | -€21,721 | -23.7% |
| Financial fixed assets | 28 | €820 | €820 | = | 0.0% |
| Current assets | 29/58 | €119,714 | €47,652 | -€72,062 | -60.2% |
| Stocks and contracts in progress | 3 | €14,872 | - | -€14,872 | |
| Contracts in progress | 37 | €14,872 | - | -€14,872 | |
| Amounts receivable within one year | 40/41 | €39,260 | - | -€39,260 | |
| Trade receivables | 40 | €39,260 | - | -€39,260 | |
| Cash at bank and in hand | 54/58 | €65,582 | €47,652 | -€17,930 | -27.3% |
| Total equity and liabilities | 10/49 | €220,903 | €126,556 | -€94,347 | -42.7% |
| Equity | 10/15 | €5,277 | €19,672 | +€14,396 | +273% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €1,072 | +€1,072 | |
| Distributable reserves | 133 | - | €1,072 | +€1,072 | |
| Profit (loss) carried forward | 14 | -€13,323 | - | +€13,323 | |
| Amounts payable | 17/49 | €215,627 | €106,884 | -€108,743 | -50.4% |
| Amounts payable after more than one year | 17 | €53,014 | €38,429 | -€14,585 | -27.5% |
| Financial debts | 170/4 | €53,014 | €38,429 | -€14,585 | -27.5% |
| Amounts payable within one year | 42/48 | €160,113 | €65,955 | -€94,158 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €14,585 | €14,585 | +€0 | 0.0% |
| Trade debts | 44 | €118,673 | €8,880 | -€109,793 | -92.5% |
| Suppliers | 440/4 | €118,673 | €8,880 | -€109,793 | -92.5% |
| Advances received on contracts in progress | 46 | - | €3,630 | +€3,630 | |
| Taxes, remuneration and social security | 45 | €19,422 | €6,958 | -€12,463 | -64.2% |
| Taxes | 450/3 | €19,422 | €6,958 | -€12,463 | -64.2% |
| Other amounts payable | 47/48 | €7,433 | €31,901 | +€24,468 | +329% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Non-recurring operating income | 76A | €24,767 | - | -€24,767 | |
| Remuneration, social security and pensions | 62 | - | €592 | +€592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,748 | €24,444 | +€6,696 | +37.7% |
| Other operating charges | 640/8 | €3,765 | €66 | -€3,700 | -98.3% |
| Gross operating margin | 9900 | €26,141 | €67,788 | +€41,647 | +159% |
| Operating profit (loss) | 9901 | €4,627 | €42,686 | +€38,059 | +822% |
| Financial income | 75/76B | €211 | €11,634 | +€11,423 | +5,425% |
| Recurring financial income | 75 | €211 | €1,206 | +€995 | +473% |
| Non-recurring financial income | 76B | - | €10,428 | +€10,428 | |
| Financial charges | 65/66B | €2,872 | €3,253 | +€381 | +13.3% |
| Recurring financial charges | 65 | €2,872 | €2,867 | -€5 | -0.2% |
| Non-recurring financial charges | 66B | - | €386 | +€386 | |
| Profit (loss) for the period before taxes | 9903 | €1,966 | €51,067 | +€49,101 | +2,497% |
| Income taxes | 67/77 | €1,624 | €4,171 | +€2,547 | +157% |
| Profit (loss) for the period | 9904 | €342 | €46,896 | +€46,553 | +13,595% |
| Profit (loss) for the period to be appropriated | 9905 | €342 | €46,896 | +€46,553 | +13,595% |
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 6 November 2026 via checked.be.