LA MERVAUDE: 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.
LA MERVAUDE
Largest movements
- Cash +€32,687
up €32,687 (+299%), from €10,946 to €43,633
mainly Other debts (+€40,820) and Depreciation (+€28,149)
- Tangible fixed assets -€28,025
down €28,025 (-16.9%), from €166,266 to €138,241
of which Furniture and vehicles: -€15,646
- Stocks and contracts -€6,000
down €6,000 (-100%), from €6,000 to €0
- Receivables within one year -€2,889
down €2,889 (-27.6%), from €10,460 to €7,572
of which Trade receivables: -€2,889
- Contributions -€50,034
down €50,034 (-100%), from €50,034 to €0
- Other debts +€40,820
up €40,820 (+116%), from €35,301 to €76,121
- Trade debts +€10,509
up €10,509 (+649%), from €1,620 to €12,129
- Profit (loss) carried forward -€10,288
down €10,288 (-21.5%), from €47,769 to €37,481
- Tax, wage and social debts +€9,821
up €9,821 (+993%), from €989 to €10,810
- Other operating charges +€9,930
up €9,930 (+530%), from €1,874 to €11,805
- Gross operating margin +€1,748
up €1,748 (+6.2%), from €28,107 to €29,855
- Depreciation -€1,456
down €1,456 (-4.9%), from €29,604 to €28,149
- Taxes -€1,089
down €1,089 (-86.0%), from €1,267 to €177
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 | €195,818 | €191,642 | -€4,176 | -2.1% |
| Fixed assets | 21/28 | €166,366 | €138,341 | -€28,025 | -16.8% |
| Tangible fixed assets | 22/27 | €166,266 | €138,241 | -€28,025 | -16.9% |
| Land and buildings | 22 | €138,786 | €127,197 | -€11,589 | -8.4% |
| Plant, machinery and equipment | 23 | €2,328 | €1,538 | -€789 | -33.9% |
| Furniture and vehicles | 24 | €25,152 | €9,505 | -€15,646 | -62.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €29,452 | €53,301 | +€23,849 | +81.0% |
| Stocks and contracts in progress | 3 | €6,000 | €0 | -€6,000 | -100% |
| Stocks | 30/36 | €6,000 | €0 | -€6,000 | -100% |
| Amounts receivable within one year | 40/41 | €10,460 | €7,572 | -€2,889 | -27.6% |
| Trade receivables | 40 | €6,727 | €3,838 | -€2,889 | -42.9% |
| Other amounts receivable | 41 | €3,733 | €3,733 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,946 | €43,633 | +€32,687 | +299% |
| Deferred charges and accrued income | 490/1 | €2,046 | €2,097 | +€51 | +2.5% |
| Total equity and liabilities | 10/49 | €195,818 | €191,642 | -€4,176 | -2.1% |
| Equity | 10/15 | €157,709 | €92,383 | -€65,326 | -41.4% |
| Contributions | 10/11 | €50,034 | €0 | -€50,034 | -100% |
| Reserves | 13 | €59,906 | €54,902 | -€5,003 | -8.4% |
| Non-distributable reserves | 130/1 | €5,003 | - | -€5,003 | |
| Reserves not available under the articles | 1311 | €5,003 | - | -€5,003 | |
| Distributable reserves | 133 | €54,902 | €54,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,769 | €37,481 | -€10,288 | -21.5% |
| Amounts payable | 17/49 | €38,109 | €99,259 | +€61,150 | +160% |
| Amounts payable within one year | 42/48 | €38,109 | €99,259 | +€61,150 | +160% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,620 | €12,129 | +€10,509 | +649% |
| Suppliers | 440/4 | €1,620 | €12,129 | +€10,509 | +649% |
| Advances received on contracts in progress | 46 | €200 | €200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €989 | €10,810 | +€9,821 | +993% |
| Taxes | 450/3 | €989 | €10,810 | +€9,821 | +993% |
| Other amounts payable | 47/48 | €35,301 | €76,121 | +€40,820 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,604 | €28,149 | -€1,456 | -4.9% |
| Other operating charges | 640/8 | €1,874 | €11,805 | +€9,930 | +530% |
| Gross operating margin | 9900 | €28,107 | €29,855 | +€1,748 | +6.2% |
| Operating profit (loss) | 9901 | -€3,372 | -€10,099 | -€6,727 | -199% |
| Financial income | 75/76B | €8 | €32 | +€25 | +330% |
| Recurring financial income | 75 | €8 | €32 | +€25 | +330% |
| Financial charges | 65/66B | €144 | €45 | -€99 | -68.7% |
| Recurring financial charges | 65 | €144 | €45 | -€99 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,508 | -€10,111 | -€6,603 | -188% |
| Income taxes | 67/77 | €1,267 | €177 | -€1,089 | -86.0% |
| Profit (loss) for the period | 9904 | -€4,775 | -€10,288 | -€5,513 | -115% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,775 | -€10,288 | -€5,513 | -115% |
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 26 October 2026 via checked.be.