MERC & CO: 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.
MERC & CO
Largest movements
- Tangible fixed assets +€3,775
up €3,775 (+44.3%), from €8,520 to €12,295
of which Plant, machinery and equipment: +€3,304
- Cash +€3,730
up €3,730 (+21.8%), from €17,116 to €20,846
mainly Tax, wage and social debts (+€8,425) and Net result for the year (+€8,249)
- Receivables within one year +€1,439
up €1,439 (+37.6%), from €3,825 to €5,263
of which Trade receivables: +€1,415
- Deferred charges and accrued income +€1,183
up €1,183 (+50.7%), from €2,331 to €3,513
- Financial fixed assets +€500
up €500 (+620.3%), from €81 to €581
- Tax, wage and social debts +€8,425
up €8,425 (+44.6%), from €18,880 to €27,305
of which Remuneration and social security: +€7,385
- Profit (loss) carried forward +€8,249
up €8,249 (+26.1%), from -€31,550 to -€23,301
- Other debts -€4,400
down €4,400 (-26.2%), from €16,793 to €12,394
- Trade debts -€1,746
down €1,746 (-25.1%), from €6,948 to €5,202
- Staff costs +€19,933
up €19,933 (+17.7%), from €112,546 to €132,479
- Gross operating margin +€14,599
up €14,599 (+11.0%), from €132,482 to €147,081
- Other operating charges -€2,779
down €2,779 (-57.1%), from €4,866 to €2,087
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.
Cash bridge derived
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 | €37,071 | €47,600 | +€10,529 | +28.4% |
| Fixed assets | 21/28 | €8,600 | €12,875 | +€4,275 | +49.7% |
| Tangible fixed assets | 22/27 | €8,520 | €12,295 | +€3,775 | +44.3% |
| Land and buildings | 22 | €4,548 | €4,026 | -€522 | -11.5% |
| Plant, machinery and equipment | 23 | €1,596 | €4,900 | +€3,304 | +207.0% |
| Furniture and vehicles | 24 | €2,376 | €3,369 | +€992 | +41.8% |
| Financial fixed assets | 28 | €81 | €581 | +€500 | +620.3% |
| Current assets | 29/58 | €28,471 | €34,725 | +€6,254 | +22.0% |
| Stocks and contracts in progress | 3 | €5,199 | €5,102 | -€97 | -1.9% |
| Stocks | 30/36 | €5,199 | €5,102 | -€97 | -1.9% |
| Amounts receivable within one year | 40/41 | €3,825 | €5,263 | +€1,439 | +37.6% |
| Trade receivables | 40 | €363 | €1,778 | +€1,415 | +389.8% |
| Other amounts receivable | 41 | €3,462 | €3,485 | +€24 | +0.7% |
| Cash at bank and in hand | 54/58 | €17,116 | €20,846 | +€3,730 | +21.8% |
| Deferred charges and accrued income | 490/1 | €2,331 | €3,513 | +€1,183 | +50.7% |
| Total equity and liabilities | 10/49 | €37,071 | €47,600 | +€10,529 | +28.4% |
| Equity | 10/15 | -€5,550 | €2,699 | +€8,249 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,550 | -€23,301 | +€8,249 | +26.1% |
| Amounts payable | 17/49 | €42,621 | €44,901 | +€2,279 | +5.3% |
| Amounts payable within one year | 42/48 | €42,621 | €44,901 | +€2,279 | +5.3% |
| Trade debts | 44 | €6,948 | €5,202 | -€1,746 | -25.1% |
| Suppliers | 440/4 | €6,948 | €5,202 | -€1,746 | -25.1% |
| Taxes, remuneration and social security | 45 | €18,880 | €27,305 | +€8,425 | +44.6% |
| Taxes | 450/3 | €5,065 | €6,106 | +€1,040 | +20.5% |
| Remuneration and social security | 454/9 | €13,814 | €21,199 | +€7,385 | +53.5% |
| Other amounts payable | 47/48 | €16,793 | €12,394 | -€4,400 | -26.2% |
| Remuneration, social security and pensions | 62 | €112,546 | €132,479 | +€19,933 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,976 | €3,533 | -€444 | -11.2% |
| Other operating charges | 640/8 | €4,866 | €2,087 | -€2,779 | -57.1% |
| Gross operating margin | 9900 | €132,482 | €147,081 | +€14,599 | +11.0% |
| Operating profit (loss) | 9901 | €11,093 | €8,982 | -€2,111 | -19.0% |
| Financial income | 75/76B | €12 | €183 | +€171 | +1422.1% |
| Recurring financial income | 75 | €12 | €183 | +€171 | +1422.1% |
| Financial charges | 65/66B | €1,743 | €916 | -€826 | -47.4% |
| Recurring financial charges | 65 | €1,743 | €916 | -€826 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €9,363 | €8,249 | -€1,114 | -11.9% |
| Income taxes | 67/77 | €135 | - | -€135 | |
| Profit (loss) for the period | 9904 | €9,227 | €8,249 | -€978 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,227 | €8,249 | -€978 | -10.6% |
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 11 October 2026 via checked.be.