LE 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.
LE MERCIER
Largest movements
- Receivables within one year -€7,969
down €7,969 (-100.0%), from €7,970 to €1
of which Trade receivables: -€6,239
- Cash +€2,203
up €2,203 (+10959.6%), from €20 to €2,223
mainly Net result for the year (+€28,168) and Trade debts (+€10,409)
- Stocks and contracts +€778
up €778 (+13.7%), from €5,675 to €6,453
- Tangible fixed assets +€278
up €278 (+87.0%), from €319 to €597
of which Furniture and vehicles: +€597
- Other debts -€41,789
down €41,789 (-26.8%), from €156,201 to €114,412
- Profit (loss) carried forward +€28,168
up €28,168 (+11.9%), from -€236,480 to -€208,312
- Trade debts +€10,409
up €10,409 (+14.2%), from €73,056 to €83,465
- Tax, wage and social debts -€1,499
down €1,499 (-57.5%), from €2,607 to €1,109
of which Taxes: -€1,499
- Gross operating margin +€55,296
up €55,296, from -€28,915 to €26,380
- Taxes -€4,435
down €4,435, from €2,447 to -€1,988
- Depreciation -€1,088
down €1,088 (-77.3%), from €1,408 to €319
- Write-downs -€906
new in 2025: -€906
- Other operating charges -€641
down €641 (-38.3%), from €1,674 to €1,032
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 | €13,984 | €9,273 | -€4,710 | -33.7% |
| Fixed assets | 21/28 | €319 | €597 | +€278 | +87.0% |
| Tangible fixed assets | 22/27 | €319 | €597 | +€278 | +87.0% |
| Plant, machinery and equipment | 23 | €319 | €0 | -€319 | -100.0% |
| Furniture and vehicles | 24 | - | €597 | +€597 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €13,665 | €8,677 | -€4,988 | -36.5% |
| Stocks and contracts in progress | 3 | €5,675 | €6,453 | +€778 | +13.7% |
| Stocks | 30/36 | €5,675 | €6,453 | +€778 | +13.7% |
| Amounts receivable within one year | 40/41 | €7,970 | €1 | -€7,969 | -100.0% |
| Trade receivables | 40 | €6,240 | €1 | -€6,239 | -100.0% |
| Other amounts receivable | 41 | €1,730 | €0 | -€1,730 | -100.0% |
| Cash at bank and in hand | 54/58 | €20 | €2,223 | +€2,203 | +10959.6% |
| Total equity and liabilities | 10/49 | €13,984 | €9,273 | -€4,710 | -33.7% |
| Equity | 10/15 | -€217,880 | -€189,712 | +€28,168 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,480 | -€208,312 | +€28,168 | +11.9% |
| Amounts payable | 17/49 | €231,864 | €198,985 | -€32,879 | -14.2% |
| Amounts payable within one year | 42/48 | €231,864 | €198,985 | -€32,879 | -14.2% |
| Trade debts | 44 | €73,056 | €83,465 | +€10,409 | +14.2% |
| Suppliers | 440/4 | €73,056 | €83,465 | +€10,409 | +14.2% |
| Taxes, remuneration and social security | 45 | €2,607 | €1,109 | -€1,499 | -57.5% |
| Taxes | 450/3 | €2,607 | €1,109 | -€1,499 | -57.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €156,201 | €114,412 | -€41,789 | -26.8% |
| Remuneration, social security and pensions | 62 | €435 | €57 | -€378 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,408 | €319 | -€1,088 | -77.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€906 | -€906 | |
| Other operating charges | 640/8 | €1,674 | €1,032 | -€641 | -38.3% |
| Gross operating margin | 9900 | -€28,915 | €26,380 | +€55,296 | |
| Operating profit (loss) | 9901 | -€32,432 | €25,878 | +€58,309 | |
| Financial income | 75/76B | - | €302 | +€302 | |
| Recurring financial income | 75 | - | €302 | +€302 | |
| Financial charges | 65/66B | €0 | €0 | -€0 | -100.0% |
| Recurring financial charges | 65 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,432 | €26,180 | +€58,612 | |
| Income taxes | 67/77 | €2,447 | -€1,988 | -€4,435 | |
| Profit (loss) for the period | 9904 | -€34,878 | €28,168 | +€63,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,878 | €28,168 | +€63,047 |
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 10 October 2026 via checked.be.