Mer-IT: 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-IT
Largest movements
- Current investments -€63,740
down €63,740 (-100.0%), from €63,740 to €0
- Cash +€39,676
up €39,676 (+56.8%), from €69,866 to €109,542
mainly Current investments (+€63,740) and Net result for the year (+€23,731)
- Tangible fixed assets +€21,438
up €21,438 (+37.8%), from €56,727 to €78,164
of which Furniture and vehicles: +€21,355
- Receivables within one year +€17,390
up €17,390 (+195.9%), from €8,879 to €26,268
of which Trade receivables: +€11,488
- Reserves +€8,731
up €8,731 (+6.3%), from €137,720 to €146,450
- Other debts +€6,697
up €6,697 (+22.1%), from €30,362 to €37,060
- Tax, wage and social debts -€3,933
down €3,933 (-29.5%), from €13,334 to €9,401
of which Taxes: -€4,141
- Trade debts +€2,459
up €2,459 (+316.5%), from €777 to €3,237
- Taxes -€12,094
down €12,094 (-57.9%), from €20,898 to €8,803
- Gross operating margin -€9,750
down €9,750 (-12.8%), from €76,003 to €66,253
- Depreciation +€5,856
up €5,856 (+44.7%), from €13,114 to €18,971
- Financial income +€3,300
new in 2025: €3,300
- Financial charges +€1,982
up €1,982 (+145.8%), from €1,360 to €3,342
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 | €200,793 | €214,747 | +€13,954 | +6.9% |
| Fixed assets | 21/28 | €56,727 | €78,164 | +€21,438 | +37.8% |
| Tangible fixed assets | 22/27 | €56,727 | €78,164 | +€21,438 | +37.8% |
| Plant, machinery and equipment | 23 | €5,057 | €5,140 | +€83 | +1.6% |
| Furniture and vehicles | 24 | €51,670 | €73,024 | +€21,355 | +41.3% |
| Current assets | 29/58 | €144,067 | €136,583 | -€7,483 | -5.2% |
| Amounts receivable within one year | 40/41 | €8,879 | €26,268 | +€17,390 | +195.9% |
| Trade receivables | 40 | €8,879 | €20,366 | +€11,488 | +129.4% |
| Other amounts receivable | 41 | - | €5,902 | +€5,902 | |
| Current investments | 50/53 | €63,740 | €0 | -€63,740 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,866 | €109,542 | +€39,676 | +56.8% |
| Deferred charges and accrued income | 490/1 | €1,582 | €773 | -€810 | -51.2% |
| Total equity and liabilities | 10/49 | €200,793 | €214,747 | +€13,954 | +6.9% |
| Equity | 10/15 | €156,320 | €165,050 | +€8,731 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,720 | €146,450 | +€8,731 | +6.3% |
| Distributable reserves | 133 | €137,720 | €146,450 | +€8,731 | +6.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €44,474 | €49,697 | +€5,224 | +11.7% |
| Amounts payable within one year | 42/48 | €44,474 | €49,697 | +€5,224 | +11.7% |
| Trade debts | 44 | €777 | €3,237 | +€2,459 | +316.5% |
| Suppliers | 440/4 | €777 | €3,237 | +€2,459 | +316.5% |
| Taxes, remuneration and social security | 45 | €13,334 | €9,401 | -€3,933 | -29.5% |
| Taxes | 450/3 | €10,772 | €6,631 | -€4,141 | -38.4% |
| Remuneration and social security | 454/9 | €2,562 | €2,770 | +€208 | +8.1% |
| Other amounts payable | 47/48 | €30,362 | €37,060 | +€6,697 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,114 | €18,971 | +€5,856 | +44.7% |
| Other operating charges | 640/8 | €436 | €607 | +€170 | +39.0% |
| Non-recurring operating charges | 66A | - | €14,100 | +€14,100 | |
| Gross operating margin | 9900 | €76,003 | €66,253 | -€9,750 | -12.8% |
| Operating profit (loss) | 9901 | €62,452 | €32,576 | -€29,876 | -47.8% |
| Financial income | 75/76B | - | €3,300 | +€3,300 | |
| Recurring financial income | 75 | - | €3,300 | +€3,300 | |
| Financial charges | 65/66B | €1,360 | €3,342 | +€1,982 | +145.8% |
| Recurring financial charges | 65 | €1,360 | €3,342 | +€1,982 | +145.8% |
| Profit (loss) for the period before taxes | 9903 | €61,093 | €32,534 | -€28,559 | -46.7% |
| Income taxes | 67/77 | €20,898 | €8,803 | -€12,094 | -57.9% |
| Profit (loss) for the period | 9904 | €40,195 | €23,731 | -€16,465 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,195 | €23,731 | -€16,465 | -41.0% |
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 7 October 2026 via checked.be.