MERAK: 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.
What changed
MERAK
NACE 91.120, Libraries, archives, museums and other cultural activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€619,088
2024 · €1.5m-€915,651
Equity
€937,695
2024 · €8.5m-€7.5m
Cash
€43,782
2024 · €166,169-€122,387
Balance sheet total
€6.9m
2024 · €15.1m-€8.3m
Largest movements
Assets
- Tangible fixed assets -€8.5m
down €8.5m (-85.1%), from €10.0m to €1.5m
of which Land and buildings: -€9.0m
- Receivables within one year +€399,069
up €399,069 (+8.1%), from €5.0m to €5.4m
of which Trade receivables: +€224,141
Equity and liabilities
- Reserves -€5.1m
down €5.1m (-85.2%), from €5.9m to €876,195
of which Distributable reserves: -€4.0m
- Contributions -€2.5m
down €2.5m (-97.6%), from €2.6m to €61,500
- Other debts -€1.0m
down €1.0m (-49.5%), from €2.1m to €1.1m
- Trade debts +€377,203
up €377,203 (+49.7%), from €758,888 to €1.1m
Income statement
- Services and other goods +€2.3m
up €2.3m (+29.5%), from €7.7m to €10.0m
- Depreciation -€540,545
down €540,545 (-53.1%), from €1.0m to €477,083
- Taxes -€304,533
down €304,533 (-57.5%), from €530,000 to €225,468
- Other operating income +€302,983
up €302,983 (+168.7%), from €179,603 to €482,586
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.
Result 2024
€1.5m
Turnover
+€35,386
Other operating income
+€302,983
Goods and materials
+€43,560
Services and other goods
-€2.3m
Staff costs
+€87,918
Depreciation
+€540,545
Write-downs
-€13,442
Other operating charges
-€8,490
Other operating items
-€20,718
Financial income
-€49,604
Financial charges
+€129,520
Taxes
+€304,533
Result 2025
€619,088
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.
From operations
+€15,565
Investment
+€8.0m
Financing
-€8.2m
Cash 2024
€166,169
From operations (derived)
+€15,565
Net result for the year
+€619,088
Depreciation
+€477,083
Receivables within one year
-€399,069
Deferred charges and accrued income
+€29,122
Trade debts
+€377,203
Tax, wage and social debts
+€61,041
Other debts
-€1.0m
Accrued charges and deferred income
-€105,376
Investment (derived)
+€8.0m
Investment in fixed assets (net)
+€8.0m
Financing
-€8.2m
Contributions, distributions and other
-€8.2m
Cash 2025
€43,782
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,147,770 | €6,894,938 | -€8.3m | -54.5% |
| Fixed assets | 21/28 | €9,985,551 | €1,485,159 | -€8.5m | -85.1% |
| Intangible fixed assets | 21 | €8,202 | €3,281 | -€4,921 | -60.0% |
| Tangible fixed assets | 22/27 | €9,977,214 | €1,481,743 | -€8.5m | -85.1% |
| Land and buildings | 22 | €9,021,209 | - | -€9.0m | |
| Plant, machinery and equipment | 23 | €485,369 | €286,961 | -€198,408 | -40.9% |
| Furniture and vehicles | 24 | €435,690 | €314,651 | -€121,040 | -27.8% |
| Other tangible fixed assets | 26 | €34,946 | €880,132 | +€845,186 | +2418.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Other financial fixed assets | 284/8 | €135 | €135 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €5,162,219 | €5,409,779 | +€247,560 | +4.8% |
| Amounts receivable within one year | 40/41 | €4,956,582 | €5,355,651 | +€399,069 | +8.1% |
| Trade receivables | 40 | €4,953,582 | €5,177,723 | +€224,141 | +4.5% |
| Other amounts receivable | 41 | €3,000 | €177,928 | +€174,928 | +5830.9% |
| Cash at bank and in hand | 54/58 | €166,169 | €43,782 | -€122,387 | -73.7% |
| Deferred charges and accrued income | 490/1 | €39,468 | €10,345 | -€29,122 | -73.8% |
| Total equity and liabilities | 10/49 | €15,147,770 | €6,894,938 | -€8.3m | -54.5% |
| Equity | 10/15 | €8,479,869 | €937,695 | -€7.5m | -88.9% |
| Contributions | 10/11 | €2,552,870 | €61,500 | -€2.5m | -97.6% |
| Capital | 10 | €2,552,870 | €61,500 | -€2.5m | -97.6% |
| Issued capital | 100 | €2,552,870 | €61,500 | -€2.5m | -97.6% |
| Reserves | 13 | €5,926,999 | €876,195 | -€5.1m | -85.2% |
| Non-distributable reserves | 130/1 | €255,439 | €12,189 | -€243,250 | -95.2% |
| Legal reserve | 130 | €255,287 | €12,182 | -€243,105 | -95.2% |
| Other | 1319 | €152 | €7 | -€145 | -95.2% |
| Tax-exempt reserves | 132 | €804,332 | €30,603 | -€773,729 | -96.2% |
| Distributable reserves | 133 | €4,867,228 | €833,403 | -€4.0m | -82.9% |
| Amounts payable | 17/49 | €6,667,901 | €5,957,243 | -€710,658 | -10.7% |
| Amounts payable within one year | 42/48 | €3,370,307 | €2,765,024 | -€605,283 | -18.0% |
| Trade debts | 44 | €758,888 | €1,136,091 | +€377,203 | +49.7% |
| Suppliers | 440/4 | €758,888 | €1,136,091 | +€377,203 | +49.7% |
| Taxes, remuneration and social security | 45 | €505,253 | €566,294 | +€61,041 | +12.1% |
| Taxes | 450/3 | €212,069 | €216,272 | +€4,203 | +2.0% |
| Remuneration and social security | 454/9 | €293,184 | €350,022 | +€56,838 | +19.4% |
| Other amounts payable | 47/48 | €2,106,166 | €1,062,640 | -€1.0m | -49.5% |
| Accrued charges and deferred income | 492/3 | €3,297,594 | €3,192,219 | -€105,376 | -3.2% |
| Operating income | 70/76A | €13,866,117 | €14,183,767 | +€317,650 | +2.3% |
| Turnover | 70 | €13,659,434 | €13,694,821 | +€35,386 | +0.3% |
| Other operating income | 74 | €179,603 | €482,586 | +€302,983 | +168.7% |
| Non-recurring operating income | 76A | €27,079 | €6,361 | -€20,718 | -76.5% |
| Operating charges | 60/66A | €11,727,101 | €13,344,851 | +€1.6m | +13.8% |
| Goods for resale, raw materials and consumables | 60 | €123,686 | €80,126 | -€43,560 | -35.2% |
| Purchases | 600/8 | €123,686 | €80,126 | -€43,560 | -35.2% |
| Services and other goods | 61 | €7,685,721 | €9,953,561 | +€2.3m | +29.5% |
| Remuneration, social security and pensions | 62 | €2,570,768 | €2,482,850 | -€87,918 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,017,627 | €477,083 | -€540,545 | -53.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,647 | €21,090 | +€13,442 | +175.8% |
| Other operating charges | 640/8 | €321,651 | €330,142 | +€8,490 | +2.6% |
| Operating profit (loss) | 9901 | €2,139,016 | €838,917 | -€1.3m | -60.8% |
| Financial income | 75/76B | €130,217 | €80,613 | -€49,604 | -38.1% |
| Recurring financial income | 75 | €130,217 | €80,613 | -€49,604 | -38.1% |
| Income from current assets | 751 | €129,092 | €80,274 | -€48,818 | -37.8% |
| Other financial income | 752/9 | €1,125 | €339 | -€786 | -69.9% |
| Financial charges | 65/66B | €204,493 | €74,974 | -€129,520 | -63.3% |
| Recurring financial charges | 65 | €204,493 | €74,974 | -€129,520 | -63.3% |
| Debt charges | 650 | €160,169 | €33,715 | -€126,454 | -79.0% |
| Other financial charges | 652/9 | €44,324 | €41,259 | -€3,066 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €2,064,739 | €844,555 | -€1.2m | -59.1% |
| Income taxes | 67/77 | €530,000 | €225,468 | -€304,533 | -57.5% |
| Taxes | 670/3 | €530,000 | €225,468 | -€304,533 | -57.5% |
| Profit (loss) for the period | 9904 | €1,534,739 | €619,088 | -€915,651 | -59.7% |
| Transfer from tax-exempt reserves | 789 | €166,751 | €7,778 | -€158,973 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,701,490 | €626,865 | -€1.1m | -63.2% |
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 9 October 2026 via checked.be.