MERAM: 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.
MERAM
Largest movements
- Receivables within one year +€11,312
up €11,312 (+174%), from €6,485 to €17,797
of which Trade receivables: +€14,141
- Tangible fixed assets -€2,120
down €2,120 (-10.4%), from €20,454 to €18,334
of which Other tangible fixed assets: -€2,785
- Reserves +€32,390
up €32,390 (+1,741%), from €1,860 to €34,250
of which Distributable reserves: +€32,390
- Profit (loss) carried forward -€31,312
no longer reported in 2024 (was €31,312)
- Trade debts +€13,381
new in 2024: €13,381
- Other debts -€3,114
down €3,114 (-36.3%), from €8,569 to €5,455
- Tax, wage and social debts -€1,565
down €1,565 (-59.2%), from €2,646 to €1,081
- Gross operating margin -€10,151
down €10,151 (-56.5%), from €17,953 to €7,802
- Taxes -€1,565
down €1,565 (-59.2%), from €2,646 to €1,081
- Depreciation +€733
up €733 (+26.2%), from €2,796 to €3,528
- Other operating charges +€292
up €292 (+17.5%), from €1,670 to €1,962
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,987 | €72,766 | +€9,779 | +15.5% |
| Fixed assets | 21/28 | €21,954 | €19,834 | -€2,120 | -9.7% |
| Tangible fixed assets | 22/27 | €20,454 | €18,334 | -€2,120 | -10.4% |
| Plant, machinery and equipment | 23 | - | €1,148 | +€1,148 | |
| Furniture and vehicles | 24 | €1,438 | €955 | -€483 | -33.6% |
| Other tangible fixed assets | 26 | €19,015 | €16,230 | -€2,785 | -14.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €41,033 | €52,932 | +€11,899 | +29.0% |
| Amounts receivable within one year | 40/41 | €6,485 | €17,797 | +€11,312 | +174% |
| Trade receivables | 40 | €1,679 | €15,820 | +€14,141 | +842% |
| Other amounts receivable | 41 | €4,806 | €1,976 | -€2,829 | -58.9% |
| Cash at bank and in hand | 54/58 | €34,548 | €35,136 | +€587 | +1.7% |
| Total equity and liabilities | 10/49 | €62,987 | €72,766 | +€9,779 | +15.5% |
| Equity | 10/15 | €51,772 | €52,850 | +€1,078 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €34,250 | +€32,390 | +1,741% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €32,390 | +€32,390 | |
| Profit (loss) carried forward | 14 | €31,312 | - | -€31,312 | |
| Amounts payable | 17/49 | €11,215 | €19,916 | +€8,701 | +77.6% |
| Amounts payable within one year | 42/48 | €11,215 | €19,916 | +€8,701 | +77.6% |
| Trade debts | 44 | - | €13,381 | +€13,381 | |
| Suppliers | 440/4 | - | €13,381 | +€13,381 | |
| Taxes, remuneration and social security | 45 | €2,646 | €1,081 | -€1,565 | -59.2% |
| Taxes | 450/3 | €2,646 | €1,081 | -€1,565 | -59.2% |
| Other amounts payable | 47/48 | €8,569 | €5,455 | -€3,114 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,796 | €3,528 | +€733 | +26.2% |
| Other operating charges | 640/8 | €1,670 | €1,962 | +€292 | +17.5% |
| Gross operating margin | 9900 | €17,953 | €7,802 | -€10,151 | -56.5% |
| Operating profit (loss) | 9901 | €13,488 | €2,312 | -€11,176 | -82.9% |
| Financial income | 75/76B | €2 | €1 | -€1 | -71.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -71.0% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,336 | €2,159 | -€11,177 | -83.8% |
| Income taxes | 67/77 | €2,646 | €1,081 | -€1,565 | -59.2% |
| Profit (loss) for the period | 9904 | €10,690 | €1,078 | -€9,612 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,690 | €1,078 | -€9,612 | -89.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.