MERAKI: 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.
MERAKI
Largest movements
- Tangible fixed assets +€40,024
up €40,024 (+532%), from €7,527 to €47,550
of which Furniture and vehicles: +€38,725
- Cash +€7,125
up €7,125 (+8.1%), from €87,814 to €94,939
mainly Other debts (+€43,414) and Depreciation (+€6,770)
- Other debts +€43,414
up €43,414 (+75.5%), from €57,511 to €100,926
- Reserves +€17,637
up €17,637 (+62.7%), from €28,128 to €45,765
- Profit (loss) carried forward -€15,633
down €15,633 (-100%), from €15,633 to €0
- Gross operating margin -€15,316
down €15,316 (-47.6%), from €32,159 to €16,843
- Taxes -€3,900
down €3,900 (-69.7%), from €5,594 to €1,693
- Other operating charges +€1,385
up €1,385 (+160%), from €866 to €2,251
- Financial charges +€962
up €962 (+27.8%), from €3,468 to €4,430
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 | €126,932 | €173,069 | +€46,138 | +36.3% |
| Fixed assets | 21/28 | €7,527 | €47,550 | +€40,024 | +532% |
| Tangible fixed assets | 22/27 | €7,527 | €47,550 | +€40,024 | +532% |
| Land and buildings | 22 | €1,978 | €1,505 | -€472 | -23.9% |
| Plant, machinery and equipment | 23 | - | €1,771 | +€1,771 | |
| Furniture and vehicles | 24 | €5,549 | €44,274 | +€38,725 | +698% |
| Current assets | 29/58 | €119,405 | €125,519 | +€6,114 | +5.1% |
| Amounts receivable within one year | 40/41 | €30,835 | €29,764 | -€1,071 | -3.5% |
| Trade receivables | 40 | €22,883 | €23,917 | +€1,034 | +4.5% |
| Other amounts receivable | 41 | €7,952 | €5,847 | -€2,105 | -26.5% |
| Cash at bank and in hand | 54/58 | €87,814 | €94,939 | +€7,125 | +8.1% |
| Deferred charges and accrued income | 490/1 | €756 | €816 | +€60 | +7.9% |
| Total equity and liabilities | 10/49 | €126,932 | €173,069 | +€46,138 | +36.3% |
| Equity | 10/15 | €62,361 | €64,365 | +€2,004 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,128 | €45,765 | +€17,637 | +62.7% |
| Distributable reserves | 133 | €28,128 | €45,765 | +€17,637 | +62.7% |
| Profit (loss) carried forward | 14 | €15,633 | €0 | -€15,633 | -100% |
| Amounts payable | 17/49 | €64,571 | €108,704 | +€44,134 | +68.3% |
| Amounts payable within one year | 42/48 | €64,571 | €108,704 | +€44,134 | +68.3% |
| Trade debts | 44 | €541 | €1,241 | +€700 | +129% |
| Suppliers | 440/4 | €541 | €1,241 | +€700 | +129% |
| Taxes, remuneration and social security | 45 | €6,518 | €6,538 | +€20 | +0.3% |
| Taxes | 450/3 | €6,518 | €6,538 | +€20 | +0.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €57,511 | €100,926 | +€43,414 | +75.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,666 | €6,770 | +€105 | +1.6% |
| Other operating charges | 640/8 | €866 | €2,251 | +€1,385 | +160% |
| Gross operating margin | 9900 | €32,159 | €16,843 | -€15,316 | -47.6% |
| Operating profit (loss) | 9901 | €24,627 | €7,821 | -€16,806 | -68.2% |
| Financial income | 75/76B | €68 | €306 | +€239 | +353% |
| Recurring financial income | 75 | €68 | €306 | +€239 | +353% |
| Financial charges | 65/66B | €3,468 | €4,430 | +€962 | +27.8% |
| Recurring financial charges | 65 | €3,468 | €4,430 | +€962 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €21,227 | €3,697 | -€17,530 | -82.6% |
| Income taxes | 67/77 | €5,594 | €1,693 | -€3,900 | -69.7% |
| Profit (loss) for the period | 9904 | €15,633 | €2,004 | -€13,630 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,633 | €2,004 | -€13,630 | -87.2% |
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 23 October 2026 via checked.be.