MERANTI: 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.
MERANTI
Largest movements
- Cash +€57,964
up €57,964 (+223%), from €26,034 to €83,998
mainly Net result for the year (+€66,826) and Tax, wage and social debts (+€11,032)
- Receivables within one year +€3,086
up €3,086 (+13.6%), from €22,627 to €25,713
- Reserves +€66,826
up €66,826 (+227%), from €29,412 to €96,238
- Other debts -€19,643
down €19,643 (-89.9%), from €21,859 to €2,216
- Tax, wage and social debts +€11,032
up €11,032 (+73.0%), from €15,106 to €26,138
of which Taxes: +€12,287
- Trade debts +€2,000
new in 2025: €2,000
- Gross operating margin +€50,809
up €50,809 (+133%), from €38,333 to €89,142
- Taxes +€10,116
up €10,116 (+134%), from €7,553 to €17,669
- Depreciation +€2,792
up €2,792 (+212%), from €1,318 to €4,110
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 | €68,377 | €128,591 | +€60,214 | +88.1% |
| Fixed assets | 21/28 | €19,082 | €18,222 | -€861 | -4.5% |
| Tangible fixed assets | 22/27 | €19,082 | €18,222 | -€861 | -4.5% |
| Furniture and vehicles | 24 | €19,082 | €16,883 | -€2,199 | -11.5% |
| Other tangible fixed assets | 26 | - | €1,338 | +€1,338 | |
| Current assets | 29/58 | €49,295 | €110,370 | +€61,075 | +124% |
| Amounts receivable within one year | 40/41 | €22,627 | €25,713 | +€3,086 | +13.6% |
| Trade receivables | 40 | €22,627 | €25,713 | +€3,086 | +13.6% |
| Cash at bank and in hand | 54/58 | €26,034 | €83,998 | +€57,964 | +223% |
| Deferred charges and accrued income | 490/1 | €633 | €659 | +€26 | +4.0% |
| Total equity and liabilities | 10/49 | €68,377 | €128,591 | +€60,214 | +88.1% |
| Equity | 10/15 | €31,412 | €98,238 | +€66,826 | +213% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,412 | €96,238 | +€66,826 | +227% |
| Distributable reserves | 133 | €29,412 | €96,238 | +€66,826 | +227% |
| Amounts payable | 17/49 | €36,965 | €30,353 | -€6,612 | -17.9% |
| Amounts payable within one year | 42/48 | €36,965 | €30,353 | -€6,612 | -17.9% |
| Trade debts | 44 | - | €2,000 | +€2,000 | |
| Suppliers | 440/4 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €15,106 | €26,138 | +€11,032 | +73.0% |
| Taxes | 450/3 | €13,606 | €25,893 | +€12,287 | +90.3% |
| Remuneration and social security | 454/9 | €1,500 | €245 | -€1,256 | -83.7% |
| Other amounts payable | 47/48 | €21,859 | €2,216 | -€19,643 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,318 | €4,110 | +€2,792 | +212% |
| Other operating charges | 640/8 | €50 | €500 | +€450 | +900% |
| Gross operating margin | 9900 | €38,333 | €89,142 | +€50,809 | +133% |
| Operating profit (loss) | 9901 | €36,965 | €84,531 | +€47,567 | +129% |
| Financial charges | 65/66B | - | €37 | +€37 | |
| Recurring financial charges | 65 | - | €37 | +€37 | |
| Profit (loss) for the period before taxes | 9903 | €36,965 | €84,494 | +€47,530 | +129% |
| Income taxes | 67/77 | €7,553 | €17,669 | +€10,116 | +134% |
| Profit (loss) for the period | 9904 | €29,412 | €66,826 | +€37,414 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €29,412 | €66,826 | +€37,414 | +127% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.