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
- Receivables within one year +€24,667
up €24,667 (+19.9%), from €123,994 to €148,660
of which Other amounts receivable: +€23,330
- Cash +€7,714
up €7,714 (+82.4%), from €9,357 to €17,072
mainly Net result for the year (+€39,724) and Depreciation (+€2,813)
- Tangible fixed assets -€2,813
down €2,813 (-39.3%), from €7,161 to €4,348
of which Furniture and vehicles: -€2,022
- Reserves +€40,000
up €40,000 (+34.5%), from €116,000 to €156,000
- Tax, wage and social debts -€10,040
down €10,040 (-36.8%), from €27,293 to €17,253
- Gross operating margin -€3,580
down €3,580 (-5.8%), from €61,310 to €57,730
- Financial charges +€3,171
up €3,171 (+725%), from €437 to €3,608
- Taxes -€1,773
down €1,773 (-13.7%), from €12,961 to €11,188
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 | €145,512 | €175,080 | +€29,569 | +20.3% |
| Fixed assets | 21/28 | €7,161 | €4,348 | -€2,813 | -39.3% |
| Tangible fixed assets | 22/27 | €7,161 | €4,348 | -€2,813 | -39.3% |
| Plant, machinery and equipment | 23 | €2,786 | €1,996 | -€790 | -28.4% |
| Furniture and vehicles | 24 | €4,375 | €2,352 | -€2,022 | -46.2% |
| Current assets | 29/58 | €138,351 | €170,732 | +€32,381 | +23.4% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €123,994 | €148,660 | +€24,667 | +19.9% |
| Trade receivables | 40 | €59,770 | €61,108 | +€1,337 | +2.2% |
| Other amounts receivable | 41 | €64,223 | €87,553 | +€23,330 | +36.3% |
| Cash at bank and in hand | 54/58 | €9,357 | €17,072 | +€7,714 | +82.4% |
| Total equity and liabilities | 10/49 | €145,512 | €175,080 | +€29,569 | +20.3% |
| Equity | 10/15 | €118,103 | €157,827 | +€39,724 | +33.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €116,000 | €156,000 | +€40,000 | +34.5% |
| Distributable reserves | 133 | €116,000 | €156,000 | +€40,000 | +34.5% |
| Profit (loss) carried forward | 14 | €603 | €327 | -€276 | -45.7% |
| Amounts payable | 17/49 | €27,409 | €17,253 | -€10,156 | -37.1% |
| Amounts payable within one year | 42/48 | €27,409 | €17,253 | -€10,156 | -37.1% |
| Trade debts | 44 | €116 | - | -€116 | |
| Suppliers | 440/4 | €116 | - | -€116 | |
| Taxes, remuneration and social security | 45 | €27,293 | €17,253 | -€10,040 | -36.8% |
| Taxes | 450/3 | €27,293 | €17,253 | -€10,040 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €2,813 | +€613 | +27.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €61,310 | €57,730 | -€3,580 | -5.8% |
| Operating profit (loss) | 9901 | €58,723 | €54,518 | -€4,206 | -7.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €437 | €3,608 | +€3,171 | +725% |
| Recurring financial charges | 65 | €437 | €3,608 | +€3,171 | +725% |
| Profit (loss) for the period before taxes | 9903 | €58,286 | €50,912 | -€7,374 | -12.7% |
| Income taxes | 67/77 | €12,961 | €11,188 | -€1,773 | -13.7% |
| Profit (loss) for the period | 9904 | €45,325 | €39,724 | -€5,601 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,325 | €39,724 | -€5,601 | -12.4% |
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 18 October 2026 via checked.be.