MERCATOR INNOVATIONS: 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 INNOVATIONS
Largest movements
- Cash -€12,977
down €12,977 (-22.0%), from €59,040 to €46,063
mainly Net result for the year (-€13,922) and Trade debts (-€4,056)
- Tangible fixed assets -€5,756
down €5,756 (-30.8%), from €18,691 to €12,935
of which Furniture and vehicles: -€5,500
- Profit (loss) carried forward -€13,922
down €13,922 (-25.1%), from €55,441 to €41,519
- Trade debts -€4,056
down €4,056 (-38.6%), from €10,520 to €6,464
- Depreciation +€6,848
up €6,848 (+28,358%), from €24 to €6,873
- Gross operating margin +€2,853
up €2,853 (+31.1%), from -€9,175 to -€6,323
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 | €117,460 | €99,483 | -€17,977 | -15.3% |
| Fixed assets | 21/28 | €22,430 | €16,693 | -€5,738 | -25.6% |
| Intangible fixed assets | 21 | €3,289 | €3,308 | +€19 | +0.6% |
| Tangible fixed assets | 22/27 | €18,691 | €12,935 | -€5,756 | -30.8% |
| Plant, machinery and equipment | 23 | €1,256 | €1,000 | -€256 | -20.4% |
| Furniture and vehicles | 24 | €17,434 | €11,934 | -€5,500 | -31.5% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €95,030 | €82,790 | -€12,240 | -12.9% |
| Amounts receivable within one year | 40/41 | €35,990 | €36,727 | +€737 | +2.0% |
| Trade receivables | 40 | €30,703 | €30,739 | +€36 | +0.1% |
| Other amounts receivable | 41 | €5,287 | €5,989 | +€702 | +13.3% |
| Cash at bank and in hand | 54/58 | €59,040 | €46,063 | -€12,977 | -22.0% |
| Total equity and liabilities | 10/49 | €117,460 | €99,483 | -€17,977 | -15.3% |
| Equity | 10/15 | €105,441 | €91,519 | -€13,922 | -13.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,441 | €41,519 | -€13,922 | -25.1% |
| Amounts payable | 17/49 | €12,020 | €7,964 | -€4,056 | -33.7% |
| Amounts payable within one year | 42/48 | €12,020 | €7,964 | -€4,056 | -33.7% |
| Trade debts | 44 | €10,520 | €6,464 | -€4,056 | -38.6% |
| Suppliers | 440/4 | €10,520 | €6,464 | -€4,056 | -38.6% |
| Advances received on contracts in progress | 46 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24 | €6,873 | +€6,848 | +28,358% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€9,175 | -€6,323 | +€2,853 | +31.1% |
| Operating profit (loss) | 9901 | -€9,705 | -€13,715 | -€4,010 | -41.3% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €297 | €224 | -€74 | -24.8% |
| Recurring financial charges | 65 | €297 | €224 | -€74 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,002 | -€13,922 | -€3,919 | -39.2% |
| Profit (loss) for the period | 9904 | -€10,002 | -€13,922 | -€3,919 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,002 | -€13,922 | -€3,919 | -39.2% |
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 26 October 2026 via checked.be.