DE MEREL: 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.
DE MEREL
Largest movements
- Tangible fixed assets -€32,256
down €32,256 (-6.8%), from €471,906 to €439,650
- Profit (loss) carried forward -€31,260
down €31,260 (-4.4%), from -€709,137 to -€740,397
- Accrued charges and deferred income +€15,419
up €15,419 (+3.6%), from €429,936 to €445,355
- Other debts -€12,178
down €12,178 (-3.2%), from €381,437 to €369,259
- Gross operating margin +€6,741
up €6,741 (+52.3%), from €12,890 to €19,631
- Financial charges -€1,011
down €1,011 (-6.1%), from €16,441 to €15,430
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €527,936 | €495,306 | -€32,630 | -6.2% |
| Fixed assets | 21/28 | €473,436 | €441,180 | -€32,256 | -6.8% |
| Tangible fixed assets | 22/27 | €471,906 | €439,650 | -€32,256 | -6.8% |
| Land and buildings | 22 | €471,906 | €439,650 | -€32,256 | -6.8% |
| Financial fixed assets | 28 | €1,530 | €1,530 | = | 0.0% |
| Current assets | 29/58 | €54,500 | €54,126 | -€374 | -0.7% |
| Amounts receivable within one year | 40/41 | €54,464 | €51,402 | -€3,062 | -5.6% |
| Trade receivables | 40 | €54,464 | €46,200 | -€8,264 | -15.2% |
| Other amounts receivable | 41 | - | €5,202 | +€5,202 | |
| Cash at bank and in hand | 54/58 | €36 | €2,724 | +€2,688 | +7466.7% |
| Total equity and liabilities | 10/49 | €527,936 | €495,306 | -€32,630 | -6.2% |
| Equity | 10/15 | -€690,587 | -€721,847 | -€31,260 | -4.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€709,137 | -€740,397 | -€31,260 | -4.4% |
| Amounts payable | 17/49 | €1,218,523 | €1,217,153 | -€1,370 | -0.1% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €388,587 | €371,798 | -€16,789 | -4.3% |
| Financial debts | 43 | €816 | - | -€816 | |
| Other loans | 439 | €816 | - | -€816 | |
| Trade debts | 44 | €5,959 | €863 | -€5,096 | -85.5% |
| Suppliers | 440/4 | €5,959 | €863 | -€5,096 | -85.5% |
| Taxes, remuneration and social security | 45 | €375 | €1,676 | +€1,301 | +346.9% |
| Taxes | 450/3 | €375 | €1,676 | +€1,301 | +346.9% |
| Other amounts payable | 47/48 | €381,437 | €369,259 | -€12,178 | -3.2% |
| Accrued charges and deferred income | 492/3 | €429,936 | €445,355 | +€15,419 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,256 | €32,256 | = | 0.0% |
| Other operating charges | 640/8 | €3,088 | €3,205 | +€117 | +3.8% |
| Gross operating margin | 9900 | €12,890 | €19,631 | +€6,741 | +52.3% |
| Operating profit (loss) | 9901 | -€22,454 | -€15,830 | +€6,624 | +29.5% |
| Financial charges | 65/66B | €16,441 | €15,430 | -€1,011 | -6.1% |
| Recurring financial charges | 65 | €16,441 | €15,430 | -€1,011 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,895 | -€31,260 | +€7,635 | +19.6% |
| Profit (loss) for the period | 9904 | -€38,895 | -€31,260 | +€7,635 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,895 | -€31,260 | +€7,635 | +19.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.