IMMO MERCIER: 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.
IMMO MERCIER
Largest movements
- Receivables within one year +€22,604
up €22,604 (+35175.9%), from €64 to €22,668
- Cash -€18,578
down €18,578 (-87.5%), from €21,237 to €2,659
mainly Receivables within one year (-€22,604) and Other debts (-€6,785)
- Tangible fixed assets -€11,158
down €11,158 (-3.9%), from €285,633 to €274,475
of which Land and buildings: -€10,367
- Other debts -€6,785
no longer reported in 2025 (was €6,785)
- Gross operating margin -€43,210
down €43,210 (-72.2%), from €59,849 to €16,639
- Taxes -€10,834
down €10,834 (-98.7%), from €10,979 to €145
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 | €306,934 | €299,803 | -€7,131 | -2.3% |
| Fixed assets | 21/28 | €285,633 | €274,475 | -€11,158 | -3.9% |
| Tangible fixed assets | 22/27 | €285,633 | €274,475 | -€11,158 | -3.9% |
| Land and buildings | 22 | €279,478 | €269,111 | -€10,367 | -3.7% |
| Plant, machinery and equipment | 23 | €6,155 | €5,364 | -€791 | -12.8% |
| Current assets | 29/58 | €21,301 | €25,328 | +€4,026 | +18.9% |
| Amounts receivable within one year | 40/41 | €64 | €22,668 | +€22,604 | +35175.9% |
| Other amounts receivable | 41 | €64 | €22,668 | +€22,604 | +35175.9% |
| Cash at bank and in hand | 54/58 | €21,237 | €2,659 | -€18,578 | -87.5% |
| Total equity and liabilities | 10/49 | €306,934 | €299,803 | -€7,131 | -2.3% |
| Equity | 10/15 | €297,734 | €298,132 | +€398 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,360 | €124,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €122,500 | €122,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,774 | €155,172 | +€398 | +0.3% |
| Amounts payable | 17/49 | €9,201 | €1,671 | -€7,529 | -81.8% |
| Amounts payable within one year | 42/48 | €9,201 | €1,671 | -€7,529 | -81.8% |
| Trade debts | 44 | €2,415 | €1,527 | -€889 | -36.8% |
| Suppliers | 440/4 | €2,415 | €1,527 | -€889 | -36.8% |
| Taxes, remuneration and social security | 45 | - | €145 | +€145 | |
| Taxes | 450/3 | - | €145 | +€145 | |
| Other amounts payable | 47/48 | €6,785 | - | -€6,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,158 | €11,158 | = | 0.0% |
| Other operating charges | 640/8 | €4,768 | €4,911 | +€143 | +3.0% |
| Gross operating margin | 9900 | €59,849 | €16,639 | -€43,210 | -72.2% |
| Operating profit (loss) | 9901 | €43,923 | €570 | -€43,354 | -98.7% |
| Financial charges | 65/66B | €7 | €27 | +€20 | +272.2% |
| Recurring financial charges | 65 | €7 | €27 | +€20 | +272.2% |
| Profit (loss) for the period before taxes | 9903 | €43,916 | €543 | -€43,373 | -98.8% |
| Income taxes | 67/77 | €10,979 | €145 | -€10,834 | -98.7% |
| Profit (loss) for the period | 9904 | €32,937 | €398 | -€32,539 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,937 | €398 | -€32,539 | -98.8% |
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 12 October 2026 via checked.be.