Mera Groep: 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.
Mera Groep
Largest movements
- Cash -€34,780
down €34,780 (-31.0%), from €112,367 to €77,587
mainly Contributions, distributions and other (-€61,482) and Investment in fixed assets (net) (-€60,857)
- Intangible fixed assets +€24,000
new in 2025: €24,000
- Receivables within one year -€21,840
down €21,840 (-23.3%), from €93,808 to €71,969
of which Trade receivables: -€18,612
- Deferred charges and accrued income +€9,885
up €9,885 (+436%), from €2,265 to €12,149
- Tangible fixed assets -€5,621
down €5,621 (-3.4%), from €164,045 to €158,424
of which Furniture and vehicles: -€26,050
- Reserves +€73,340
up €73,340 (+73.3%), from €100,000 to €173,340
- Profit (loss) carried forward -€56,826
no longer reported in 2025 (was €56,826)
- Tax, wage and social debts -€47,626
down €47,626 (-70.8%), from €67,257 to €19,630
of which Taxes: -€44,335
- Current portion of long-term debt +€24,163
up €24,163 (+71.5%), from €33,782 to €57,945
- Other debts -€15,571
no longer reported in 2025 (was €15,571)
- Gross operating margin -€48,364
down €48,364 (-13.4%), from €360,789 to €312,425
- Staff costs +€43,886
up €43,886 (+39.7%), from €110,548 to €154,434
- Taxes -€38,904
down €38,904 (-60.8%), from €63,966 to €25,061
- Purchases and services +€22,135
up €22,135 (+8.0%), from €275,042 to €297,177
- Depreciation +€18,751
up €18,751 (+79.0%), from €23,727 to €42,479
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 | €372,486 | €344,129 | -€28,357 | -7.6% |
| Fixed assets | 21/28 | €164,045 | €182,424 | +€18,379 | +11.2% |
| Intangible fixed assets | 21 | - | €24,000 | +€24,000 | |
| Tangible fixed assets | 22/27 | €164,045 | €158,424 | -€5,621 | -3.4% |
| Plant, machinery and equipment | 23 | €2,717 | €2,029 | -€688 | -25.3% |
| Furniture and vehicles | 24 | €109,894 | €83,844 | -€26,050 | -23.7% |
| Leasing and similar rights | 25 | €32,977 | €50,662 | +€17,685 | +53.6% |
| Other tangible fixed assets | 26 | €18,457 | €21,888 | +€3,431 | +18.6% |
| Current assets | 29/58 | €208,441 | €161,705 | -€46,735 | -22.4% |
| Amounts receivable within one year | 40/41 | €93,808 | €71,969 | -€21,840 | -23.3% |
| Trade receivables | 40 | €77,186 | €58,574 | -€18,612 | -24.1% |
| Other amounts receivable | 41 | €16,622 | €13,395 | -€3,228 | -19.4% |
| Cash at bank and in hand | 54/58 | €112,367 | €77,587 | -€34,780 | -31.0% |
| Deferred charges and accrued income | 490/1 | €2,265 | €12,149 | +€9,885 | +436% |
| Total equity and liabilities | 10/49 | €372,486 | €344,129 | -€28,357 | -7.6% |
| Equity | 10/15 | €161,826 | €178,340 | +€16,514 | +10.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €173,340 | +€73,340 | +73.3% |
| Distributable reserves | 133 | €100,000 | €173,340 | +€73,340 | +73.3% |
| Profit (loss) carried forward | 14 | €56,826 | - | -€56,826 | |
| Amounts payable | 17/49 | €210,660 | €165,789 | -€44,871 | -21.3% |
| Amounts payable after more than one year | 17 | €92,841 | €77,416 | -€15,425 | -16.6% |
| Financial debts | 170/4 | €92,841 | €77,416 | -€15,425 | -16.6% |
| Amounts payable within one year | 42/48 | €117,819 | €88,373 | -€29,446 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €33,782 | €57,945 | +€24,163 | +71.5% |
| Trade debts | 44 | €1,208 | €10,797 | +€9,589 | +793% |
| Suppliers | 440/4 | €1,208 | €10,797 | +€9,589 | +793% |
| Taxes, remuneration and social security | 45 | €67,257 | €19,630 | -€47,626 | -70.8% |
| Taxes | 450/3 | €63,966 | €19,630 | -€44,335 | -69.3% |
| Remuneration and social security | 454/9 | €3,291 | - | -€3,291 | |
| Other amounts payable | 47/48 | €15,571 | - | -€15,571 | |
| Goods, raw materials, services and sundry goods | 60/61 | €275,042 | €297,177 | +€22,135 | +8.0% |
| Remuneration, social security and pensions | 62 | €110,548 | €154,434 | +€43,886 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,727 | €42,479 | +€18,751 | +79.0% |
| Other operating charges | 640/8 | €2,966 | €6,084 | +€3,119 | +105% |
| Non-recurring operating charges | 66A | €4,844 | - | -€4,844 | |
| Gross operating margin | 9900 | €360,789 | €312,425 | -€48,364 | -13.4% |
| Operating profit (loss) | 9901 | €218,705 | €109,428 | -€109,276 | -50.0% |
| Financial income | 75/76B | €170 | €643 | +€473 | +279% |
| Recurring financial income | 75 | €170 | €643 | +€473 | +279% |
| Financial charges | 65/66B | €7,493 | €7,013 | -€480 | -6.4% |
| Recurring financial charges | 65 | €4,720 | €7,013 | +€2,294 | +48.6% |
| Non-recurring financial charges | 66B | €2,773 | - | -€2,773 | |
| Profit (loss) for the period before taxes | 9903 | €211,381 | €103,058 | -€108,324 | -51.2% |
| Income taxes | 67/77 | €63,966 | €25,061 | -€38,904 | -60.8% |
| Profit (loss) for the period | 9904 | €147,416 | €77,996 | -€69,419 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,416 | €77,996 | -€69,419 | -47.1% |
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 14 October 2026 via checked.be.