MERCAPIZZA: what changed
MERCAPIZZA
Largest movements
- Cash +€7,325
up €7,325 (+38.1%), from €19,223 to €26,548
mainly Other debts (+€4,972) and Depreciation (+€4,208)
- Tangible fixed assets -€4,208
down €4,208 (-21.8%), from €19,331 to €15,123
of which Furniture and vehicles: -€3,294
- Deferred charges and accrued income -€1,787
down €1,787 (-79.8%), from €2,239 to €452
- Stocks and contracts -€1,234
down €1,234 (-43.9%), from €2,811 to €1,577
- Receivables within one year -€525
down €525 (-37.4%), from €1,405 to €880
- Profit (loss) carried forward -€7,893
down €7,893, from €4,624 to -€3,269
- Other debts +€4,972
up €4,972 (+140%), from €3,554 to €8,527
- Tax, wage and social debts +€4,202
up €4,202 (+34.8%), from €12,081 to €16,283
of which Remuneration and social security: +€7,350
- Debts after one year -€1,642
down €1,642 (-12.6%), from €13,046 to €11,404
- Gross operating margin -€16,261
down €16,261 (-14.5%), from €111,801 to €95,540
- Staff costs +€3,103
up €3,103 (+3.4%), from €92,068 to €95,171
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,910 | €47,481 | -€429 | -0.9% |
| Fixed assets | 21/28 | €22,231 | €18,023 | -€4,208 | -18.9% |
| Tangible fixed assets | 22/27 | €19,331 | €15,123 | -€4,208 | -21.8% |
| Plant, machinery and equipment | 23 | €3,059 | €2,146 | -€914 | -29.9% |
| Furniture and vehicles | 24 | €16,271 | €12,977 | -€3,294 | -20.2% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €25,679 | €29,458 | +€3,779 | +14.7% |
| Stocks and contracts in progress | 3 | €2,811 | €1,577 | -€1,234 | -43.9% |
| Stocks | 30/36 | €2,811 | €1,577 | -€1,234 | -43.9% |
| Amounts receivable within one year | 40/41 | €1,405 | €880 | -€525 | -37.4% |
| Other amounts receivable | 41 | €1,405 | €880 | -€525 | -37.4% |
| Cash at bank and in hand | 54/58 | €19,223 | €26,548 | +€7,325 | +38.1% |
| Deferred charges and accrued income | 490/1 | €2,239 | €452 | -€1,787 | -79.8% |
| Total equity and liabilities | 10/49 | €47,910 | €47,481 | -€429 | -0.9% |
| Equity | 10/15 | €10,864 | €2,971 | -€7,893 | -72.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40 | €40 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40 | €40 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40 | €40 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,624 | -€3,269 | -€7,893 | |
| Amounts payable | 17/49 | €37,046 | €44,510 | +€7,464 | +20.1% |
| Amounts payable after more than one year | 17 | €13,046 | €11,404 | -€1,642 | -12.6% |
| Financial debts | 170/4 | €13,046 | €11,404 | -€1,642 | -12.6% |
| Amounts payable within one year | 42/48 | €24,000 | €33,106 | +€9,106 | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €2,530 | €2,530 | = | 0.0% |
| Trade debts | 44 | €5,835 | €5,766 | -€69 | -1.2% |
| Suppliers | 440/4 | €5,835 | €5,766 | -€69 | -1.2% |
| Taxes, remuneration and social security | 45 | €12,081 | €16,283 | +€4,202 | +34.8% |
| Taxes | 450/3 | €5,499 | €2,351 | -€3,148 | -57.2% |
| Remuneration and social security | 454/9 | €6,582 | €13,932 | +€7,350 | +112% |
| Other amounts payable | 47/48 | €3,554 | €8,527 | +€4,972 | +140% |
| Non-recurring operating income | 76A | €7,040 | - | -€7,040 | |
| Remuneration, social security and pensions | 62 | €92,068 | €95,171 | +€3,103 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,450 | €4,208 | -€242 | -5.4% |
| Other operating charges | 640/8 | €2,496 | €2,207 | -€289 | -11.6% |
| Gross operating margin | 9900 | €111,801 | €95,540 | -€16,261 | -14.5% |
| Operating profit (loss) | 9901 | €12,787 | -€6,047 | -€18,834 | |
| Financial income | 75/76B | €0 | €13 | +€13 | +2,914% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +2,914% |
| Financial charges | 65/66B | €2,228 | €1,859 | -€369 | -16.6% |
| Recurring financial charges | 65 | €2,228 | €1,859 | -€369 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €10,560 | -€7,893 | -€18,453 | |
| Profit (loss) for the period | 9904 | €10,560 | -€7,893 | -€18,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,560 | -€7,893 | -€18,453 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.