MERAKISOL: 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.
MERAKISOL
Largest movements
- Current investments +€308,040
up €308,040 (+32.6%), from €943,765 to €1.3m
- Financial fixed assets -€106,600
down €106,600 (-42.3%), from €252,105 to €145,505
- Receivables within one year -€72,341
down €72,341 (-73.5%), from €98,487 to €26,146
of which Other amounts receivable: -€72,341
- Receivables after one year -€27,500
down €27,500 (-5.0%), from €555,000 to €527,500
- Other debts +€267,575
up €267,575 (+26,779%), from €999 to €268,574
- Profit (loss) carried forward -€76,140
down €76,140 (-4.3%), from €1.8m to €1.7m
- Current portion of long-term debt -€67,329
no longer reported in 2025 (was €67,329)
- Tax, wage and social debts -€59,041
no longer reported in 2025 (was €59,041)
- Gross operating margin +€102,666
up €102,666 (+52.3%), from -€196,185 to -€93,519
- Write-downs +€27,500
new in 2025: €27,500
- Depreciation -€20,052
down €20,052 (-54.6%), from €36,697 to €16,645
- Financial income +€13,413
up €13,413 (+22.1%), from €60,765 to €74,178
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 | €1,933,859 | €2,013,673 | +€79,814 | +4.1% |
| Fixed assets | 21/28 | €318,875 | €197,299 | -€121,576 | -38.1% |
| Tangible fixed assets | 22/27 | €66,770 | €51,794 | -€14,976 | -22.4% |
| Plant, machinery and equipment | 23 | €4,266 | €3,911 | -€355 | -8.3% |
| Furniture and vehicles | 24 | €25,513 | €10,892 | -€14,621 | -57.3% |
| Assets under construction and advance payments | 27 | €36,991 | €36,991 | = | 0.0% |
| Financial fixed assets | 28 | €252,105 | €145,505 | -€106,600 | -42.3% |
| Current assets | 29/58 | €1,614,984 | €1,816,374 | +€201,391 | +12.5% |
| Amounts receivable after more than one year | 29 | €555,000 | €527,500 | -€27,500 | -5.0% |
| Other amounts receivable | 291 | €555,000 | €527,500 | -€27,500 | -5.0% |
| Amounts receivable within one year | 40/41 | €98,487 | €26,146 | -€72,341 | -73.5% |
| Trade receivables | 40 | €8,333 | €8,333 | = | 0.0% |
| Other amounts receivable | 41 | €90,154 | €17,813 | -€72,341 | -80.2% |
| Current investments | 50/53 | €943,765 | €1,251,805 | +€308,040 | +32.6% |
| Cash at bank and in hand | 54/58 | €12,690 | €5,623 | -€7,066 | -55.7% |
| Deferred charges and accrued income | 490/1 | €5,042 | €5,300 | +€258 | +5.1% |
| Total equity and liabilities | 10/49 | €1,933,859 | €2,013,673 | +€79,814 | +4.1% |
| Equity | 10/15 | €1,799,444 | €1,723,304 | -€76,140 | -4.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,789,444 | €1,713,304 | -€76,140 | -4.3% |
| Amounts payable | 17/49 | €134,415 | €290,369 | +€155,954 | +116% |
| Amounts payable within one year | 42/48 | €130,635 | €271,469 | +€140,834 | +108% |
| Current portion of amounts payable after more than one year | 42 | €67,329 | - | -€67,329 | |
| Trade debts | 44 | €3,266 | €2,895 | -€372 | -11.4% |
| Suppliers | 440/4 | €3,266 | €2,895 | -€372 | -11.4% |
| Taxes, remuneration and social security | 45 | €59,041 | - | -€59,041 | |
| Taxes | 450/3 | €59,041 | - | -€59,041 | |
| Other amounts payable | 47/48 | €999 | €268,574 | +€267,575 | +26,779% |
| Accrued charges and deferred income | 492/3 | €3,780 | €18,900 | +€15,120 | +400% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,697 | €16,645 | -€20,052 | -54.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,500 | +€27,500 | |
| Other operating charges | 640/8 | €1,119 | €1,096 | -€24 | -2.1% |
| Gross operating margin | 9900 | -€196,185 | -€93,519 | +€102,666 | +52.3% |
| Operating profit (loss) | 9901 | -€234,002 | -€138,760 | +€95,242 | +40.7% |
| Financial income | 75/76B | €60,765 | €74,178 | +€13,413 | +22.1% |
| Recurring financial income | 75 | €60,765 | €74,178 | +€13,413 | +22.1% |
| Financial charges | 65/66B | €10,498 | €9,936 | -€562 | -5.4% |
| Recurring financial charges | 65 | €10,498 | €9,936 | -€562 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€183,735 | -€74,518 | +€109,217 | +59.4% |
| Income taxes | 67/77 | €254 | €1,622 | +€1,368 | +539% |
| Profit (loss) for the period | 9904 | -€183,988 | -€76,140 | +€107,849 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€183,988 | -€76,140 | +€107,849 | +58.6% |
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 20 October 2026 via checked.be.