Firma MERTENS: 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.
Firma MERTENS
Largest movements
- Receivables within one year -€103,711
down €103,711 (-28.8%), from €359,704 to €255,993
of which Trade receivables: -€78,840
- Cash +€45,960
up €45,960 (+181%), from €25,458 to €71,419
mainly Receivables within one year (+€103,711) and Stocks and contracts (+€30,000)
- Stocks and contracts -€30,000
down €30,000 (-38.7%), from €77,600 to €47,600
- Profit (loss) carried forward -€49,455
down €49,455 (-192%), from -€25,781 to -€75,235
- Trade debts -€23,191
down €23,191 (-86.7%), from €26,737 to €3,546
- Short-term financial debts -€10,161
down €10,161 (-100%), from €10,161 to €0
- Tax, wage and social debts -€5,619
down €5,619 (-63.6%), from €8,832 to €3,213
- Write-downs +€16,726
new in 2025: €16,726
- Other operating charges +€8,194
up €8,194 (+804%), from €1,019 to €9,213
- Financial charges -€530
down €530 (-40.1%), from €1,323 to €793
- Depreciation -€506
down €506 (-12.5%), from €4,042 to €3,536
- Gross operating margin +€197
up €197 (+1.0%), from -€18,991 to -€18,794
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 | €468,806 | €377,302 | -€91,504 | -19.5% |
| Fixed assets | 21/28 | €4,376 | €840 | -€3,536 | -80.8% |
| Tangible fixed assets | 22/27 | €4,376 | €840 | -€3,536 | -80.8% |
| Furniture and vehicles | 24 | €4,376 | €840 | -€3,536 | -80.8% |
| Current assets | 29/58 | €464,431 | €376,462 | -€87,968 | -18.9% |
| Stocks and contracts in progress | 3 | €77,600 | €47,600 | -€30,000 | -38.7% |
| Stocks | 30/36 | €77,600 | €47,600 | -€30,000 | -38.7% |
| Amounts receivable within one year | 40/41 | €359,704 | €255,993 | -€103,711 | -28.8% |
| Trade receivables | 40 | €317,382 | €238,542 | -€78,840 | -24.8% |
| Other amounts receivable | 41 | €42,322 | €17,451 | -€24,871 | -58.8% |
| Cash at bank and in hand | 54/58 | €25,458 | €71,419 | +€45,960 | +181% |
| Deferred charges and accrued income | 490/1 | €1,669 | €1,451 | -€218 | -13.1% |
| Total equity and liabilities | 10/49 | €468,806 | €377,302 | -€91,504 | -19.5% |
| Equity | 10/15 | €269,756 | €220,302 | -€49,455 | -18.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €290,537 | €290,537 | = | 0.0% |
| Distributable reserves | 133 | €290,537 | €290,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,781 | -€75,235 | -€49,455 | -192% |
| Amounts payable | 17/49 | €199,050 | €157,000 | -€42,050 | -21.1% |
| Amounts payable within one year | 42/48 | €199,050 | €157,000 | -€42,050 | -21.1% |
| Financial debts | 43 | €10,161 | €0 | -€10,161 | -100% |
| Credit institutions | 430/8 | €10,161 | €0 | -€10,161 | -100% |
| Trade debts | 44 | €26,737 | €3,546 | -€23,191 | -86.7% |
| Suppliers | 440/4 | €26,737 | €3,546 | -€23,191 | -86.7% |
| Taxes, remuneration and social security | 45 | €8,832 | €3,213 | -€5,619 | -63.6% |
| Taxes | 450/3 | €8,832 | €3,213 | -€5,619 | -63.6% |
| Other amounts payable | 47/48 | €153,320 | €150,242 | -€3,078 | -2.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,042 | €3,536 | -€506 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,726 | +€16,726 | |
| Other operating charges | 640/8 | €1,019 | €9,213 | +€8,194 | +804% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€18,991 | -€18,794 | +€197 | +1.0% |
| Operating profit (loss) | 9901 | -€24,052 | -€48,269 | -€24,217 | -101% |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €1,323 | €793 | -€530 | -40.1% |
| Recurring financial charges | 65 | €1,323 | €793 | -€530 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,348 | -€49,061 | -€23,713 | -93.6% |
| Income taxes | 67/77 | €432 | €393 | -€39 | -9.1% |
| Profit (loss) for the period | 9904 | -€25,781 | -€49,455 | -€23,674 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,781 | -€49,455 | -€23,674 | -91.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.