Mercator Vastgoed: 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 Vastgoed
Largest movements
- Tangible fixed assets -€141,871
down €141,871 (-4.5%), from €3.1m to €3.0m
- Debts after one year -€146,149
down €146,149 (-5.7%), from €2.6m to €2.4m
of which Financial debts: -€146,149
- Depreciation -€65,413
down €65,413 (-31.6%), from €207,284 to €141,871
- Financial charges -€62,181
down €62,181 (-36.6%), from €169,969 to €107,789
- Other operating charges -€11,415
down €11,415 (-33.9%), from €33,643 to €22,227
- Gross operating margin +€8,248
up €8,248 (+3.3%), from €247,148 to €255,396
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 | €3,202,224 | €3,055,269 | -€146,955 | -4.6% |
| Fixed assets | 21/28 | €3,139,764 | €2,997,892 | -€141,871 | -4.5% |
| Tangible fixed assets | 22/27 | €3,139,764 | €2,997,892 | -€141,871 | -4.5% |
| Land and buildings | 22 | €3,139,764 | €2,997,892 | -€141,871 | -4.5% |
| Current assets | 29/58 | €62,461 | €57,376 | -€5,084 | -8.1% |
| Amounts receivable within one year | 40/41 | €25,291 | €24,334 | -€958 | -3.8% |
| Trade receivables | 40 | €25,291 | €24,334 | -€958 | -3.8% |
| Cash at bank and in hand | 54/58 | €37,169 | €28,581 | -€8,589 | -23.1% |
| Deferred charges and accrued income | 490/1 | - | €4,462 | +€4,462 | |
| Total equity and liabilities | 10/49 | €3,202,224 | €3,055,269 | -€146,955 | -4.6% |
| Equity | 10/15 | €464,039 | €447,548 | -€16,491 | -3.6% |
| Contributions | 10/11 | €666,667 | €666,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,628 | -€219,119 | -€16,491 | -8.1% |
| Amounts payable | 17/49 | €2,738,185 | €2,607,721 | -€130,465 | -4.8% |
| Amounts payable after more than one year | 17 | €2,568,159 | €2,422,010 | -€146,149 | -5.7% |
| Financial debts | 170/4 | €2,539,551 | €2,393,402 | -€146,149 | -5.8% |
| Other amounts payable | 178/9 | €28,608 | €28,608 | = | 0.0% |
| Amounts payable within one year | 42/48 | €152,487 | €167,755 | +€15,268 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €140,279 | €146,149 | +€5,870 | +4.2% |
| Trade debts | 44 | €6,961 | €16,884 | +€9,923 | +143% |
| Suppliers | 440/4 | €6,961 | €16,884 | +€9,923 | +143% |
| Taxes, remuneration and social security | 45 | €5,247 | €4,722 | -€525 | -10.0% |
| Taxes | 450/3 | €5,247 | €4,722 | -€525 | -10.0% |
| Accrued charges and deferred income | 492/3 | €17,539 | €17,955 | +€417 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,284 | €141,871 | -€65,413 | -31.6% |
| Other operating charges | 640/8 | €33,643 | €22,227 | -€11,415 | -33.9% |
| Non-recurring operating charges | 66A | €38,880 | - | -€38,880 | |
| Gross operating margin | 9900 | €247,148 | €255,396 | +€8,248 | +3.3% |
| Operating profit (loss) | 9901 | -€32,658 | €91,298 | +€123,956 | |
| Financial charges | 65/66B | €169,969 | €107,789 | -€62,181 | -36.6% |
| Recurring financial charges | 65 | €169,969 | €107,789 | -€62,181 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€202,628 | -€16,491 | +€186,137 | +91.9% |
| Profit (loss) for the period | 9904 | -€202,628 | -€16,491 | +€186,137 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€202,628 | -€16,491 | +€186,137 | +91.9% |
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 14 October 2026 via checked.be.