MER Consult: 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.
MER Consult
Largest movements
- Cash +€44,632
up €44,632 (+64.0%), from €69,777 to €114,408
mainly Net result for the year (+€35,883) and Tax, wage and social debts (+€7,337)
- Tangible fixed assets -€1,561
down €1,561 (-22.4%), from €6,963 to €5,402
of which Furniture and vehicles: -€838
- Reserves +€30,001
up €30,001 (+58.5%), from €51,279 to €81,280
- Tax, wage and social debts +€7,337
up €7,337 (+23.0%), from €31,832 to €39,168
- Other debts +€6,089
up €6,089 (+235.3%), from €2,588 to €8,677
- Gross operating margin +€4,287
up €4,287 (+8.9%), from €47,924 to €52,211
- Taxes +€675
up €675 (+5.1%), from €13,253 to €13,928
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 | €91,063 | €134,966 | +€43,903 | +48.2% |
| Fixed assets | 21/28 | €6,963 | €5,402 | -€1,561 | -22.4% |
| Tangible fixed assets | 22/27 | €6,963 | €5,402 | -€1,561 | -22.4% |
| Plant, machinery and equipment | 23 | €1,574 | €1,193 | -€381 | -24.2% |
| Furniture and vehicles | 24 | €2,159 | €1,320 | -€838 | -38.8% |
| Other tangible fixed assets | 26 | €3,230 | €2,888 | -€343 | -10.6% |
| Current assets | 29/58 | €84,100 | €129,565 | +€45,465 | +54.1% |
| Amounts receivable within one year | 40/41 | €14,317 | €14,535 | +€218 | +1.5% |
| Trade receivables | 40 | €14,317 | €14,535 | +€218 | +1.5% |
| Cash at bank and in hand | 54/58 | €69,777 | €114,408 | +€44,632 | +64.0% |
| Deferred charges and accrued income | 490/1 | €6 | €621 | +€615 | +10606.7% |
| Total equity and liabilities | 10/49 | €91,063 | €134,966 | +€43,903 | +48.2% |
| Equity | 10/15 | €56,279 | €86,280 | +€30,001 | +53.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,279 | €81,280 | +€30,001 | +58.5% |
| Distributable reserves | 133 | €51,279 | €81,280 | +€30,001 | +58.5% |
| Amounts payable | 17/49 | €34,784 | €48,687 | +€13,903 | +40.0% |
| Amounts payable within one year | 42/48 | €34,776 | €48,204 | +€13,428 | +38.6% |
| Trade debts | 44 | €356 | €358 | +€2 | +0.7% |
| Suppliers | 440/4 | €356 | €358 | +€2 | +0.7% |
| Taxes, remuneration and social security | 45 | €31,832 | €39,168 | +€7,337 | +23.0% |
| Taxes | 450/3 | €31,832 | €39,168 | +€7,337 | +23.0% |
| Other amounts payable | 47/48 | €2,588 | €8,677 | +€6,089 | +235.3% |
| Accrued charges and deferred income | 492/3 | €8 | €483 | +€475 | +5639.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | €1,561 | +€94 | +6.4% |
| Other operating charges | 640/8 | €561 | €796 | +€235 | +41.9% |
| Gross operating margin | 9900 | €47,924 | €52,211 | +€4,287 | +8.9% |
| Operating profit (loss) | 9901 | €45,896 | €49,853 | +€3,957 | +8.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -86.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -86.0% |
| Financial charges | 65/66B | €44 | €43 | -€1 | -2.8% |
| Recurring financial charges | 65 | €44 | €43 | -€1 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €45,852 | €49,811 | +€3,958 | +8.6% |
| Income taxes | 67/77 | €13,253 | €13,928 | +€675 | +5.1% |
| Profit (loss) for the period | 9904 | €32,599 | €35,883 | +€3,283 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,599 | €35,883 | +€3,283 | +10.1% |
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 3 October 2026 via checked.be.