MERAQUI: 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.
MERAQUI
Largest movements
- Tangible fixed assets -€20,118
down €20,118 (-83.0%), from €24,241 to €4,123
- Deferred charges and accrued income -€3,378
down €3,378 (-15.5%), from €21,836 to €18,458
- Intangible fixed assets -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Cash +€2,633
up €2,633 (+316%), from €834 to €3,467
mainly Investment in fixed assets (net) (+€18,505) and Depreciation (+€4,613)
- Receivables within one year +€1,016
up €1,016 (+3.5%), from €29,265 to €30,281
of which Other amounts receivable: +€8,692
- Debts after one year -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
of which Other amounts payable: -€10,000
- Current portion of long-term debt -€8,409
down €8,409 (-100%), from €8,409 to €0
- Trade debts -€2,425
down €2,425 (-19.7%), from €12,317 to €9,892
- Other debts -€1,926
down €1,926 (-84.3%), from €2,285 to €358
- Depreciation -€23,459
down €23,459 (-83.6%), from €28,072 to €4,613
- Gross operating margin +€4,910
up €4,910 (+99.2%), from €4,950 to €9,860
- Financial charges +€1,522
up €1,522 (+105%), from €1,455 to €2,978
- Financial income +€603
up €603 (+3,003%), from €20 to €623
- Other operating charges +€143
up €143 (+8.9%), from €1,599 to €1,742
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 | €79,177 | €56,330 | -€22,847 | -28.9% |
| Fixed assets | 21/28 | €27,241 | €4,123 | -€23,118 | -84.9% |
| Intangible fixed assets | 21 | €3,000 | €0 | -€3,000 | -100.0% |
| Tangible fixed assets | 22/27 | €24,241 | €4,123 | -€20,118 | -83.0% |
| Furniture and vehicles | 24 | €24,241 | €4,123 | -€20,118 | -83.0% |
| Current assets | 29/58 | €51,936 | €52,207 | +€271 | +0.5% |
| Amounts receivable within one year | 40/41 | €29,265 | €30,281 | +€1,016 | +3.5% |
| Trade receivables | 40 | €23,243 | €15,567 | -€7,676 | -33.0% |
| Other amounts receivable | 41 | €6,022 | €14,714 | +€8,692 | +144% |
| Cash at bank and in hand | 54/58 | €834 | €3,467 | +€2,633 | +316% |
| Deferred charges and accrued income | 490/1 | €21,836 | €18,458 | -€3,378 | -15.5% |
| Total equity and liabilities | 10/49 | €79,177 | €56,330 | -€22,847 | -28.9% |
| Equity | 10/15 | €8,470 | €9,065 | +€595 | +7.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €19,667 | €19,667 | = | 0.0% |
| Distributable reserves | 133 | €19,667 | €19,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,197 | -€25,602 | +€595 | +2.3% |
| Amounts payable | 17/49 | €70,707 | €47,265 | -€23,442 | -33.2% |
| Amounts payable after more than one year | 17 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Amounts payable within one year | 42/48 | €30,707 | €17,265 | -€13,442 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €8,409 | €0 | -€8,409 | -100% |
| Financial debts | 43 | €2,956 | €2,965 | +€8 | +0.3% |
| Credit institutions | 430/8 | €2,956 | €2,965 | +€8 | +0.3% |
| Trade debts | 44 | €12,317 | €9,892 | -€2,425 | -19.7% |
| Suppliers | 440/4 | €12,317 | €9,892 | -€2,425 | -19.7% |
| Taxes, remuneration and social security | 45 | €4,740 | €4,050 | -€690 | -14.6% |
| Taxes | 450/3 | €2,240 | €4,050 | +€1,810 | +80.8% |
| Remuneration and social security | 454/9 | €2,499 | €0 | -€2,499 | -100% |
| Other amounts payable | 47/48 | €2,285 | €358 | -€1,926 | -84.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,517 | +€1,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,072 | €4,613 | -€23,459 | -83.6% |
| Other operating charges | 640/8 | €1,599 | €1,742 | +€143 | +8.9% |
| Non-recurring operating charges | 66A | - | €523 | +€523 | |
| Gross operating margin | 9900 | €4,950 | €9,860 | +€4,910 | +99.2% |
| Operating profit (loss) | 9901 | -€24,720 | €2,983 | +€27,703 | |
| Financial income | 75/76B | €20 | €623 | +€603 | +3,003% |
| Recurring financial income | 75 | €20 | €623 | +€603 | +3,003% |
| Financial charges | 65/66B | €1,455 | €2,978 | +€1,522 | +105% |
| Recurring financial charges | 65 | €1,455 | €2,978 | +€1,522 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€26,156 | €628 | +€26,784 | |
| Income taxes | 67/77 | €140 | €33 | -€108 | -76.7% |
| Profit (loss) for the period | 9904 | -€26,296 | €595 | +€26,891 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,296 | €595 | +€26,891 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.