MER D'OCRE: 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 D'OCRE
Largest movements
- Stocks and contracts +€76,512
up €76,512 (+51.0%), from €150,000 to €226,512
- Receivables within one year +€42,833
up €42,833 (+39.6%), from €108,041 to €150,874
of which Other amounts receivable: +€32,388
- Cash -€21,271
down €21,271 (-75.2%), from €28,298 to €7,027
mainly Stocks and contracts (-€76,512) and Receivables within one year (-€42,833)
- Deferred charges and accrued income -€8,063
down €8,063 (-87.9%), from €9,169 to €1,106
- Tangible fixed assets -€4,765
down €4,765 (-34.9%), from €13,653 to €8,888
of which Furniture and vehicles: -€6,659
- Trade debts +€104,203
up €104,203 (+61.1%), from €170,648 to €274,851
- Profit (loss) carried forward -€27,392
down €27,392 (-231.0%), from -€11,859 to -€39,251
- Tax, wage and social debts +€8,435
up €8,435 (+37.3%), from €22,603 to €31,038
of which Taxes: +€8,143
- Financial charges +€9,607
up €9,607 (+175.0%), from €5,490 to €15,097
- Other operating charges +€8,629
up €8,629 (+70.7%), from €12,199 to €20,828
- Financial income +€2,941
up €2,941 (+110.8%), from €2,654 to €5,595
- Gross operating margin -€1,481
down €1,481 (-11.2%), from €13,253 to €11,772
- Depreciation -€1,029
down €1,029 (-11.6%), from €8,899 to €7,870
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,261 | €399,507 | +€85,246 | +27.1% |
| Fixed assets | 21/28 | €18,753 | €13,988 | -€4,765 | -25.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €13,653 | €8,888 | -€4,765 | -34.9% |
| Plant, machinery and equipment | 23 | €1,391 | €3,285 | +€1,894 | +136.1% |
| Furniture and vehicles | 24 | €12,262 | €5,603 | -€6,659 | -54.3% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €295,508 | €385,519 | +€90,011 | +30.5% |
| Stocks and contracts in progress | 3 | €150,000 | €226,512 | +€76,512 | +51.0% |
| Stocks | 30/36 | €150,000 | €226,512 | +€76,512 | +51.0% |
| Amounts receivable within one year | 40/41 | €108,041 | €150,874 | +€42,833 | +39.6% |
| Trade receivables | 40 | €70,518 | €80,963 | +€10,445 | +14.8% |
| Other amounts receivable | 41 | €37,523 | €69,911 | +€32,388 | +86.3% |
| Cash at bank and in hand | 54/58 | €28,298 | €7,027 | -€21,271 | -75.2% |
| Deferred charges and accrued income | 490/1 | €9,169 | €1,106 | -€8,063 | -87.9% |
| Total equity and liabilities | 10/49 | €314,261 | €399,507 | +€85,246 | +27.1% |
| Equity | 10/15 | €93,938 | €66,545 | -€27,393 | -29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,197 | €87,196 | -€1 | 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% |
| Tax-exempt reserves | 132 | €20,083 | €20,083 | -€1 | 0.0% |
| Distributable reserves | 133 | €65,254 | €65,253 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€11,859 | -€39,251 | -€27,392 | -231.0% |
| Amounts payable | 17/49 | €220,323 | €332,961 | +€112,638 | +51.1% |
| Amounts payable within one year | 42/48 | €219,551 | €332,189 | +€112,638 | +51.3% |
| Trade debts | 44 | €170,648 | €274,851 | +€104,203 | +61.1% |
| Suppliers | 440/4 | €170,648 | €274,851 | +€104,203 | +61.1% |
| Taxes, remuneration and social security | 45 | €22,603 | €31,038 | +€8,435 | +37.3% |
| Taxes | 450/3 | €20,603 | €28,746 | +€8,143 | +39.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,293 | +€293 | +14.6% |
| Other amounts payable | 47/48 | €26,300 | €26,300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €772 | €772 | +€0 | +0.1% |
| Non-recurring operating income | 76A | €6,614 | - | -€6,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,899 | €7,870 | -€1,029 | -11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €290 | +€290 | |
| Other operating charges | 640/8 | €12,199 | €20,828 | +€8,629 | +70.7% |
| Gross operating margin | 9900 | €13,253 | €11,772 | -€1,481 | -11.2% |
| Operating profit (loss) | 9901 | -€7,845 | -€17,216 | -€9,371 | -119.4% |
| Financial income | 75/76B | €2,654 | €5,595 | +€2,941 | +110.8% |
| Recurring financial income | 75 | €2,654 | €5,595 | +€2,941 | +110.8% |
| Financial charges | 65/66B | €5,490 | €15,097 | +€9,607 | +175.0% |
| Recurring financial charges | 65 | €5,490 | €15,097 | +€9,607 | +175.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,681 | -€26,717 | -€16,036 | -150.1% |
| Income taxes | 67/77 | €543 | €675 | +€132 | +24.3% |
| Profit (loss) for the period | 9904 | -€11,224 | -€27,392 | -€16,168 | -144.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,224 | -€27,392 | -€16,168 | -144.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.