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
- Intangible fixed assets +€47,028
up €47,028 (+101%), from €46,450 to €93,479
- Cash +€12,765
up €12,765 (+49.8%), from €25,637 to €38,403
mainly Debts after one year (+€41,677) and Net result for the year (+€15,512)
- Receivables within one year +€6,449
up €6,449 (+25.3%), from €25,518 to €31,967
of which Trade receivables: +€4,374
- Debts after one year +€41,677
up €41,677 (+104%), from €40,268 to €81,945
- Reserves +€15,512
new in 2025: €15,512
- Current portion of long-term debt +€5,727
up €5,727 (+74.9%), from €7,643 to €13,370
- Tax, wage and social debts +€2,853
up €2,853 (+33.7%), from €8,455 to €11,308
of which Taxes: +€6,647
- Gross operating margin +€25,408
up €25,408 (+55.6%), from €45,681 to €71,089
- Taxes +€7,808
up €7,808 (+1,585%), from €493 to €8,301
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 | €98,981 | €164,304 | +€65,323 | +66.0% |
| Fixed assets | 21/28 | €46,450 | €93,479 | +€47,028 | +101% |
| Intangible fixed assets | 21 | €46,450 | €93,479 | +€47,028 | +101% |
| Current assets | 29/58 | €52,531 | €70,826 | +€18,295 | +34.8% |
| Amounts receivable within one year | 40/41 | €25,518 | €31,967 | +€6,449 | +25.3% |
| Trade receivables | 40 | €25,518 | €29,892 | +€4,374 | +17.1% |
| Other amounts receivable | 41 | - | €2,075 | +€2,075 | |
| Cash at bank and in hand | 54/58 | €25,637 | €38,403 | +€12,765 | +49.8% |
| Deferred charges and accrued income | 490/1 | €1,376 | €456 | -€920 | -66.8% |
| Total equity and liabilities | 10/49 | €98,981 | €164,304 | +€65,323 | +66.0% |
| Equity | 10/15 | €15,106 | €30,619 | +€15,512 | +103% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €15,512 | +€15,512 | |
| Distributable reserves | 133 | - | €15,512 | +€15,512 | |
| Profit (loss) carried forward | 14 | €13,106 | €13,106 | = | 0.0% |
| Amounts payable | 17/49 | €83,875 | €133,686 | +€49,811 | +59.4% |
| Amounts payable after more than one year | 17 | €40,268 | €81,945 | +€41,677 | +104% |
| Financial debts | 170/4 | €40,268 | €81,945 | +€41,677 | +104% |
| Amounts payable within one year | 42/48 | €43,575 | €51,741 | +€8,165 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €7,643 | €13,370 | +€5,727 | +74.9% |
| Trade debts | 44 | €25,477 | €24,867 | -€610 | -2.4% |
| Suppliers | 440/4 | €25,477 | €24,867 | -€610 | -2.4% |
| Taxes, remuneration and social security | 45 | €8,455 | €11,308 | +€2,853 | +33.7% |
| Taxes | 450/3 | €4,661 | €11,308 | +€6,647 | +143% |
| Remuneration and social security | 454/9 | €3,794 | - | -€3,794 | |
| Other amounts payable | 47/48 | €2,000 | €2,195 | +€195 | +9.8% |
| Accrued charges and deferred income | 492/3 | €32 | - | -€32 | |
| Remuneration, social security and pensions | 62 | €37,643 | €37,247 | -€396 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,784 | €8,019 | +€235 | +3.0% |
| Other operating charges | 640/8 | €900 | €749 | -€151 | -16.8% |
| Gross operating margin | 9900 | €45,681 | €71,089 | +€25,408 | +55.6% |
| Operating profit (loss) | 9901 | -€645 | €25,074 | +€25,720 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.3% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.3% |
| Financial charges | 65/66B | €1,248 | €1,261 | +€13 | +1.1% |
| Recurring financial charges | 65 | €1,248 | €1,261 | +€13 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,890 | €23,813 | +€25,704 | |
| Income taxes | 67/77 | €493 | €8,301 | +€7,808 | +1,585% |
| Profit (loss) for the period | 9904 | -€2,383 | €15,512 | +€17,895 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,383 | €15,512 | +€17,895 |
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.