Euromerc: 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.
Euromerc
Largest movements
- Receivables after one year +€56,439
up €56,439 (+51.5%), from €109,612 to €166,051
- Receivables within one year -€22,387
down €22,387 (-100.0%), from €22,387 to €0
of which Trade receivables: -€12,651
- Cash -€20,040
down €20,040 (-54.7%), from €36,631 to €16,591
mainly Receivables after one year (-€56,439) and Deferred charges and accrued income (-€17,381)
- Deferred charges and accrued income +€17,381
up €17,381, from €0 to €17,381
- Tangible fixed assets -€4,481
down €4,481 (-27.8%), from €16,102 to €11,621
- Reserves +€40,870
up €40,870 (+35.8%), from €114,178 to €155,048
- Accrued charges and deferred income -€12,036
down €12,036 (-100.0%), from €12,036 to €0
- Other debts +€10,494
up €10,494 (+1800.0%), from €583 to €11,077
- Tax, wage and social debts -€8,387
down €8,387 (-21.0%), from €39,895 to €31,508
- Debts after one year -€4,707
down €4,707 (-63.7%), from €7,393 to €2,686
- Gross operating margin -€13,596
down €13,596 (-18.8%), from €72,296 to €58,700
- Taxes -€2,028
down €2,028 (-14.8%), from €13,692 to €11,664
- Financial income +€1,676
up €1,676 (+92.7%), from €1,808 to €3,485
- Other operating charges -€1,039
down €1,039 (-39.4%), from €2,640 to €1,601
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 | €184,732 | €211,900 | +€27,168 | +14.7% |
| Fixed assets | 21/28 | €16,102 | €11,876 | -€4,226 | -26.2% |
| Tangible fixed assets | 22/27 | €16,102 | €11,621 | -€4,481 | -27.8% |
| Furniture and vehicles | 24 | €16,102 | €11,621 | -€4,481 | -27.8% |
| Financial fixed assets | 28 | - | €255 | +€255 | |
| Current assets | 29/58 | €168,630 | €200,024 | +€31,394 | +18.6% |
| Amounts receivable after more than one year | 29 | €109,612 | €166,051 | +€56,439 | +51.5% |
| Other amounts receivable | 291 | €109,612 | €166,051 | +€56,439 | +51.5% |
| Amounts receivable within one year | 40/41 | €22,387 | €0 | -€22,387 | -100.0% |
| Trade receivables | 40 | €12,651 | €0 | -€12,651 | -100.0% |
| Other amounts receivable | 41 | €9,736 | €0 | -€9,736 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,631 | €16,591 | -€20,040 | -54.7% |
| Deferred charges and accrued income | 490/1 | €0 | €17,381 | +€17,381 | |
| Total equity and liabilities | 10/49 | €184,732 | €211,900 | +€27,168 | +14.7% |
| Equity | 10/15 | €117,178 | €158,048 | +€40,870 | +34.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €114,178 | €155,048 | +€40,870 | +35.8% |
| Distributable reserves | 133 | €114,178 | €155,048 | +€40,870 | +35.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,554 | €53,852 | -€13,702 | -20.3% |
| Amounts payable after more than one year | 17 | €7,393 | €2,686 | -€4,707 | -63.7% |
| Financial debts | 170/4 | €7,393 | €2,686 | -€4,707 | -63.7% |
| Amounts payable within one year | 42/48 | €48,125 | €51,165 | +€3,041 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €4,736 | €4,707 | -€29 | -0.6% |
| Trade debts | 44 | €2,911 | €3,873 | +€962 | +33.0% |
| Suppliers | 440/4 | €2,911 | €3,873 | +€962 | +33.0% |
| Taxes, remuneration and social security | 45 | €39,895 | €31,508 | -€8,387 | -21.0% |
| Taxes | 450/3 | €39,895 | €31,508 | -€8,387 | -21.0% |
| Other amounts payable | 47/48 | €583 | €11,077 | +€10,494 | +1800.0% |
| Accrued charges and deferred income | 492/3 | €12,036 | €0 | -€12,036 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,595 | €7,124 | +€530 | +8.0% |
| Other operating charges | 640/8 | €2,640 | €1,601 | -€1,039 | -39.4% |
| Gross operating margin | 9900 | €72,296 | €58,700 | -€13,596 | -18.8% |
| Operating profit (loss) | 9901 | €63,061 | €49,975 | -€13,086 | -20.8% |
| Financial income | 75/76B | €1,808 | €3,485 | +€1,676 | +92.7% |
| Recurring financial income | 75 | €1,808 | €3,485 | +€1,676 | +92.7% |
| Financial charges | 65/66B | €1,360 | €925 | -€435 | -32.0% |
| Recurring financial charges | 65 | €1,360 | €925 | -€435 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €63,509 | €52,535 | -€10,975 | -17.3% |
| Income taxes | 67/77 | €13,692 | €11,664 | -€2,028 | -14.8% |
| Profit (loss) for the period | 9904 | €49,817 | €40,870 | -€8,947 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,817 | €40,870 | -€8,947 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.