De Mereltjes: 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.
De Mereltjes
Largest movements
- Tangible fixed assets +€147,796
up €147,796 (+17.9%), from €824,630 to €972,426
of which Furniture and vehicles: +€200,594
- Debts after one year +€176,392
up €176,392 (+43.4%), from €406,103 to €582,495
of which Other amounts payable: +€256,500
- Accrued charges and deferred income -€18,270
down €18,270 (-100%), from €18,270 to €0
- Current portion of long-term debt -€12,207
down €12,207 (-13.2%), from €92,315 to €80,108
- Financial charges -€25,126
down €25,126 (-63.0%), from €39,913 to €14,787
- Gross operating margin -€13,932
down €13,932 (-13.1%), from €106,734 to €92,802
- Depreciation +€13,050
up €13,050 (+23.6%), from €55,347 to €68,398
- Financial income -€1,593
down €1,593 (-91.2%), from €1,747 to €154
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 | €903,126 | €1,043,146 | +€140,021 | +15.5% |
| Fixed assets | 21/28 | €824,630 | €972,476 | +€147,846 | +17.9% |
| Tangible fixed assets | 22/27 | €824,630 | €972,426 | +€147,796 | +17.9% |
| Land and buildings | 22 | €815,740 | €762,942 | -€52,798 | -6.5% |
| Furniture and vehicles | 24 | €8,891 | €209,484 | +€200,594 | +2,256% |
| Financial fixed assets | 28 | €0 | €50 | +€50 | |
| Current assets | 29/58 | €78,495 | €70,670 | -€7,825 | -10.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,806 | €13,251 | -€555 | -4.0% |
| Trade receivables | 40 | €230 | €1,017 | +€787 | +342% |
| Other amounts receivable | 41 | €13,576 | €12,234 | -€1,341 | -9.9% |
| Cash at bank and in hand | 54/58 | €58,500 | €49,839 | -€8,662 | -14.8% |
| Deferred charges and accrued income | 490/1 | €6,190 | €7,581 | +€1,391 | +22.5% |
| Total equity and liabilities | 10/49 | €903,126 | €1,043,146 | +€140,021 | +15.5% |
| Equity | 10/15 | €341,931 | €341,985 | +€53 | 0.0% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €211,931 | €211,985 | +€53 | 0.0% |
| Distributable reserves | 133 | €211,931 | €211,985 | +€53 | 0.0% |
| Amounts payable | 17/49 | €561,194 | €701,161 | +€139,967 | +24.9% |
| Amounts payable after more than one year | 17 | €406,103 | €582,495 | +€176,392 | +43.4% |
| Financial debts | 170/4 | €362,440 | €282,333 | -€80,108 | -22.1% |
| Other amounts payable | 178/9 | €43,662 | €300,162 | +€256,500 | +587% |
| Amounts payable within one year | 42/48 | €136,821 | €118,666 | -€18,155 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €92,315 | €80,108 | -€12,207 | -13.2% |
| Trade debts | 44 | €35,358 | €38,559 | +€3,201 | +9.1% |
| Suppliers | 440/4 | €35,358 | €38,559 | +€3,201 | +9.1% |
| Taxes, remuneration and social security | 45 | €9,149 | €0 | -€9,149 | -100% |
| Taxes | 450/3 | €9,149 | €0 | -€9,149 | -100% |
| Accrued charges and deferred income | 492/3 | €18,270 | €0 | -€18,270 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,347 | €68,398 | +€13,050 | +23.6% |
| Other operating charges | 640/8 | €8,828 | €7,895 | -€933 | -10.6% |
| Gross operating margin | 9900 | €106,734 | €92,802 | -€13,932 | -13.1% |
| Operating profit (loss) | 9901 | €42,559 | €16,509 | -€26,050 | -61.2% |
| Financial income | 75/76B | €1,747 | €154 | -€1,593 | -91.2% |
| Recurring financial income | 75 | €1,747 | €154 | -€1,593 | -91.2% |
| Financial charges | 65/66B | €39,913 | €14,787 | -€25,126 | -63.0% |
| Recurring financial charges | 65 | €39,913 | €14,787 | -€25,126 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €4,393 | €1,876 | -€2,517 | -57.3% |
| Income taxes | 67/77 | €2,386 | €1,823 | -€564 | -23.6% |
| Profit (loss) for the period | 9904 | €2,006 | €53 | -€1,953 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,006 | €53 | -€1,953 | -97.3% |
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 15 October 2026 via checked.be.