MERCATOR BOUW: 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.
MERCATOR BOUW
Largest movements
- Current investments +€797,000
new in 2025: €797,000
- Stocks and contracts -€363,793
down €363,793 (-100%), from €363,793 to €0
- Cash +€306,099
up €306,099 (+756%), from €40,505 to €346,604
mainly Stocks and contracts (+€363,793) and Advances received (+€294,573)
- Receivables within one year -€274,701
down €274,701 (-78.8%), from €348,650 to €73,949
of which Trade receivables: -€263,732
- Financial fixed assets -€99,893
down €99,893 (-99.3%), from €100,632 to €739
- Advances received +€294,573
up €294,573 (+40.1%), from €734,420 to €1.0m
- Other debts +€62,000
new in 2025: €62,000
- Trade debts -€52,728
down €52,728 (-83.5%), from €63,167 to €10,439
- Tax, wage and social debts +€49,280
new in 2025: €49,280
- Gross operating margin +€71,493
up €71,493 (+1,456%), from €4,911 to €76,403
- Financial income +€7,008
up €7,008 (+721%), from €972 to €7,980
- Taxes +€2,272
new in 2025: €2,272
- Financial charges +€1,543
up €1,543 (+30.2%), from €5,104 to €6,647
- Other operating charges -€1,261
down €1,261 (-40.2%), from €3,138 to €1,878
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 | €854,497 | €1,218,893 | +€364,396 | +42.6% |
| Formation expenses | 20 | €918 | €602 | -€317 | -34.5% |
| Fixed assets | 21/28 | €100,632 | €739 | -€99,893 | -99.3% |
| Financial fixed assets | 28 | €100,632 | €739 | -€99,893 | -99.3% |
| Current assets | 29/58 | €752,947 | €1,217,553 | +€464,605 | +61.7% |
| Stocks and contracts in progress | 3 | €363,793 | €0 | -€363,793 | -100% |
| Stocks | 30/36 | €363,793 | €0 | -€363,793 | -100% |
| Amounts receivable within one year | 40/41 | €348,650 | €73,949 | -€274,701 | -78.8% |
| Trade receivables | 40 | €337,579 | €73,847 | -€263,732 | -78.1% |
| Other amounts receivable | 41 | €11,070 | €102 | -€10,968 | -99.1% |
| Current investments | 50/53 | - | €797,000 | +€797,000 | |
| Cash at bank and in hand | 54/58 | €40,505 | €346,604 | +€306,099 | +756% |
| Total equity and liabilities | 10/49 | €854,497 | €1,218,893 | +€364,396 | +42.6% |
| Equity | 10/15 | €56,911 | €68,180 | +€11,269 | +19.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €6,680 | +€6,680 | |
| Non-distributable reserves | 130/1 | - | €3,434 | +€3,434 | |
| Legal reserve | 130 | - | €3,434 | +€3,434 | |
| Distributable reserves | 133 | - | €3,246 | +€3,246 | |
| Profit (loss) carried forward | 14 | -€4,589 | €0 | +€4,589 | |
| Amounts payable | 17/49 | €797,586 | €1,150,713 | +€353,126 | +44.3% |
| Amounts payable within one year | 42/48 | €797,586 | €1,150,713 | +€353,126 | +44.3% |
| Trade debts | 44 | €63,167 | €10,439 | -€52,728 | -83.5% |
| Suppliers | 440/4 | €63,167 | €10,439 | -€52,728 | -83.5% |
| Advances received on contracts in progress | 46 | €734,420 | €1,028,993 | +€294,573 | +40.1% |
| Taxes, remuneration and social security | 45 | - | €49,280 | +€49,280 | |
| Taxes | 450/3 | - | €49,280 | +€49,280 | |
| Other amounts payable | 47/48 | - | €62,000 | +€62,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317 | €317 | = | 0.0% |
| Other operating charges | 640/8 | €3,138 | €1,878 | -€1,261 | -40.2% |
| Gross operating margin | 9900 | €4,911 | €76,403 | +€71,493 | +1,456% |
| Operating profit (loss) | 9901 | €1,455 | €74,209 | +€72,753 | +4,999% |
| Financial income | 75/76B | €972 | €7,980 | +€7,008 | +721% |
| Recurring financial income | 75 | €972 | €7,980 | +€7,008 | +721% |
| Financial charges | 65/66B | €5,104 | €6,647 | +€1,543 | +30.2% |
| Recurring financial charges | 65 | €5,104 | €6,647 | +€1,543 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,677 | €75,542 | +€78,218 | |
| Income taxes | 67/77 | - | €2,272 | +€2,272 | |
| Profit (loss) for the period | 9904 | -€2,677 | €73,269 | +€75,946 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,677 | €73,269 | +€75,946 |
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 19 October 2026 via checked.be.