DE MERODIS: 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 MERODIS
Largest movements
- Cash +€56,917
up €56,917 (+44.8%), from €126,949 to €183,865
mainly Net result for the year (+€41,100) and Depreciation (+€27,422)
- Tangible fixed assets -€27,119
down €27,119 (-7.5%), from €359,786 to €332,668
of which Furniture and vehicles: -€15,523
- Reserves +€41,100
up €41,100 (+10.5%), from €393,043 to €434,143
- Debts after one year -€26,733
down €26,733 (-19.0%), from €140,334 to €113,601
- Trade debts +€11,463
up €11,463 (+2350.2%), from €488 to €11,951
- Tax, wage and social debts +€7,602
up €7,602 (+94.9%), from €8,010 to €15,612
of which Taxes: +€8,140
- Gross operating margin +€22,963
up €22,963 (+33.0%), from €69,546 to €92,509
- Taxes +€6,224
up €6,224 (+62.4%), from €9,983 to €16,207
- Financial charges -€1,307
down €1,307 (-19.5%), from €6,702 to €5,395
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.
Cash bridge derived
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 | €592,110 | €620,639 | +€28,530 | +4.8% |
| Fixed assets | 21/28 | €359,786 | €332,668 | -€27,119 | -7.5% |
| Tangible fixed assets | 22/27 | €359,786 | €332,668 | -€27,119 | -7.5% |
| Land and buildings | 22 | €298,823 | €287,403 | -€11,420 | -3.8% |
| Plant, machinery and equipment | 23 | €1,614 | €1,439 | -€176 | -10.9% |
| Furniture and vehicles | 24 | €59,349 | €43,826 | -€15,523 | -26.2% |
| Current assets | 29/58 | €232,323 | €287,972 | +€55,648 | +24.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,114 | €42,937 | -€1,177 | -2.7% |
| Trade receivables | 40 | €34,099 | €40,359 | +€6,261 | +18.4% |
| Other amounts receivable | 41 | €10,015 | €2,578 | -€7,438 | -74.3% |
| Cash at bank and in hand | 54/58 | €126,949 | €183,865 | +€56,917 | +44.8% |
| Deferred charges and accrued income | 490/1 | €1,261 | €1,169 | -€91 | -7.2% |
| Total equity and liabilities | 10/49 | €592,110 | €620,639 | +€28,530 | +4.8% |
| Equity | 10/15 | €411,643 | €452,743 | +€41,100 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €393,043 | €434,143 | +€41,100 | +10.5% |
| Distributable reserves | 133 | €393,043 | €434,143 | +€41,100 | +10.5% |
| Amounts payable | 17/49 | €180,467 | €167,897 | -€12,570 | -7.0% |
| Amounts payable after more than one year | 17 | €140,334 | €113,601 | -€26,733 | -19.0% |
| Financial debts | 170/4 | €140,334 | €113,601 | -€26,733 | -19.0% |
| Amounts payable within one year | 42/48 | €39,935 | €54,296 | +€14,361 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €26,431 | €26,733 | +€302 | +1.1% |
| Trade debts | 44 | €488 | €11,951 | +€11,463 | +2350.2% |
| Suppliers | 440/4 | €488 | €11,951 | +€11,463 | +2350.2% |
| Taxes, remuneration and social security | 45 | €8,010 | €15,612 | +€7,602 | +94.9% |
| Taxes | 450/3 | €4,742 | €12,881 | +€8,140 | +171.7% |
| Remuneration and social security | 454/9 | €3,268 | €2,730 | -€538 | -16.5% |
| Other amounts payable | 47/48 | €5,006 | - | -€5,006 | |
| Accrued charges and deferred income | 492/3 | €198 | - | -€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,578 | €27,422 | +€844 | +3.2% |
| Other operating charges | 640/8 | €2,758 | €2,431 | -€327 | -11.9% |
| Gross operating margin | 9900 | €69,546 | €92,509 | +€22,963 | +33.0% |
| Operating profit (loss) | 9901 | €40,210 | €62,656 | +€22,446 | +55.8% |
| Financial income | 75/76B | €4 | €45 | +€42 | +1141.0% |
| Recurring financial income | 75 | €4 | €45 | +€42 | +1141.0% |
| Financial charges | 65/66B | €6,702 | €5,395 | -€1,307 | -19.5% |
| Recurring financial charges | 65 | €6,702 | €5,395 | -€1,307 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €33,511 | €57,307 | +€23,795 | +71.0% |
| Income taxes | 67/77 | €9,983 | €16,207 | +€6,224 | +62.4% |
| Profit (loss) for the period | 9904 | €23,529 | €41,100 | +€17,571 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,529 | €41,100 | +€17,571 | +74.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.