MERCALUX: 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.
MERCALUX
Largest movements
- Receivables within one year +€10,265
up €10,265 (+73.2%), from €14,028 to €24,293
of which Trade receivables: +€12,674
- Cash +€6,906
up €6,906 (+92.7%), from €7,448 to €14,354
mainly Other debts (+€29,026) and Tax, wage and social debts (+€2,254)
- Other debts +€29,026
up €29,026 (+323%), from €9,000 to €38,026
- Profit (loss) carried forward -€14,235
down €14,235 (-244%), from -€5,828 to -€20,063
- Tax, wage and social debts +€2,254
up €2,254 (+61.4%), from €3,673 to €5,928
of which Taxes: +€4,296
- Gross operating margin -€21,747
down €21,747 (-42.4%), from €51,246 to €29,500
- Turnover -€20,845
down €20,845 (-35.7%), from €58,310 to €37,465
- Staff costs +€1,983
up €1,983 (+4.8%), from €41,191 to €43,174
- Purchases and services +€901
up €901 (+12.8%), from €7,064 to €7,965
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 | €21,476 | €38,648 | +€17,172 | +80.0% |
| Current assets | 29/58 | €21,476 | €38,648 | +€17,172 | +80.0% |
| Amounts receivable within one year | 40/41 | €14,028 | €24,293 | +€10,265 | +73.2% |
| Trade receivables | 40 | €11,293 | €23,967 | +€12,674 | +112% |
| Other amounts receivable | 41 | €2,735 | €327 | -€2,409 | -88.1% |
| Cash at bank and in hand | 54/58 | €7,448 | €14,354 | +€6,906 | +92.7% |
| Total equity and liabilities | 10/49 | €21,476 | €38,648 | +€17,172 | +80.0% |
| Equity | 10/15 | €6,572 | -€7,663 | -€14,235 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,828 | -€20,063 | -€14,235 | -244% |
| Amounts payable | 17/49 | €14,904 | €46,311 | +€31,407 | +211% |
| Amounts payable within one year | 42/48 | €14,904 | €46,311 | +€31,407 | +211% |
| Trade debts | 44 | €2,230 | €2,357 | +€127 | +5.7% |
| Suppliers | 440/4 | €2,230 | €2,357 | +€127 | +5.7% |
| Taxes, remuneration and social security | 45 | €3,673 | €5,928 | +€2,254 | +61.4% |
| Taxes | 450/3 | €290 | €4,586 | +€4,296 | +1,482% |
| Remuneration and social security | 454/9 | €3,383 | €1,342 | -€2,042 | -60.3% |
| Other amounts payable | 47/48 | €9,000 | €38,026 | +€29,026 | +323% |
| Turnover | 70 | €58,310 | €37,465 | -€20,845 | -35.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,064 | €7,965 | +€901 | +12.8% |
| Remuneration, social security and pensions | 62 | €41,191 | €43,174 | +€1,983 | +4.8% |
| Gross operating margin | 9900 | €51,246 | €29,500 | -€21,747 | -42.4% |
| Operating profit (loss) | 9901 | €10,055 | -€13,674 | -€23,729 | |
| Financial charges | 65/66B | €275 | €561 | +€286 | +104% |
| Recurring financial charges | 65 | €275 | €561 | +€286 | +104% |
| Profit (loss) for the period before taxes | 9903 | €9,780 | -€14,235 | -€24,016 | |
| Profit (loss) for the period | 9904 | €9,780 | -€14,235 | -€24,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,780 | -€14,235 | -€24,016 |
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 28 October 2026 via checked.be.