MERCHE BOVINS: 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.
MERCHE BOVINS
Largest movements
- Stocks and contracts +€15,811
up €15,811 (+37.2%), from €42,473 to €58,285
- Cash +€10,285
up €10,285 (+7.0%), from €146,804 to €157,089
mainly Net result for the year (+€10,443) and Depreciation (+€9,310)
- Tangible fixed assets -€9,310
down €9,310 (-63.3%), from €14,717 to €5,407
- Profit (loss) carried forward +€10,443
up €10,443 (+9.3%), from €112,695 to €123,138
- Trade debts +€3,286
up €3,286 (+51.4%), from €6,393 to €9,679
- Gross operating margin +€8,580
up €8,580 (+53.9%), from €15,907 to €24,487
- Taxes +€2,192
up €2,192 (+102%), from €2,140 to €4,332
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 | €211,426 | €227,553 | +€16,128 | +7.6% |
| Fixed assets | 21/28 | €14,765 | €5,455 | -€9,310 | -63.1% |
| Tangible fixed assets | 22/27 | €14,717 | €5,407 | -€9,310 | -63.3% |
| Furniture and vehicles | 24 | €14,717 | €5,407 | -€9,310 | -63.3% |
| Financial fixed assets | 28 | €48 | €48 | = | 0.0% |
| Current assets | 29/58 | €196,661 | €222,098 | +€25,438 | +12.9% |
| Stocks and contracts in progress | 3 | €42,473 | €58,285 | +€15,811 | +37.2% |
| Stocks | 30/36 | €42,473 | €58,285 | +€15,811 | +37.2% |
| Amounts receivable within one year | 40/41 | €6,831 | €6,387 | -€444 | -6.5% |
| Other amounts receivable | 41 | €6,831 | €6,387 | -€444 | -6.5% |
| Cash at bank and in hand | 54/58 | €146,804 | €157,089 | +€10,285 | +7.0% |
| Deferred charges and accrued income | 490/1 | €553 | €337 | -€215 | -38.9% |
| Total equity and liabilities | 10/49 | €211,426 | €227,553 | +€16,128 | +7.6% |
| Equity | 10/15 | €202,866 | €213,309 | +€10,443 | +5.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €27,671 | €27,671 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,366 | €8,366 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Other | 1319 | €2,169 | €2,169 | = | 0.0% |
| Distributable reserves | 133 | €19,305 | €19,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,695 | €123,138 | +€10,443 | +9.3% |
| Amounts payable | 17/49 | €8,559 | €14,244 | +€5,685 | +66.4% |
| Amounts payable within one year | 42/48 | €8,559 | €14,244 | +€5,685 | +66.4% |
| Trade debts | 44 | €6,393 | €9,679 | +€3,286 | +51.4% |
| Suppliers | 440/4 | €6,393 | €9,679 | +€3,286 | +51.4% |
| Taxes, remuneration and social security | 45 | €2,166 | €4,332 | +€2,166 | +100.0% |
| Taxes | 450/3 | €1,933 | €4,332 | +€2,399 | +124% |
| Remuneration and social security | 454/9 | €233 | - | -€233 | |
| Other amounts payable | 47/48 | - | €233 | +€233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,310 | €9,310 | = | 0.0% |
| Other operating charges | 640/8 | €711 | €534 | -€177 | -24.9% |
| Gross operating margin | 9900 | €15,907 | €24,487 | +€8,580 | +53.9% |
| Operating profit (loss) | 9901 | €5,885 | €14,642 | +€8,757 | +149% |
| Financial income | 75/76B | €283 | €218 | -€65 | -23.0% |
| Recurring financial income | 75 | €283 | €218 | -€65 | -23.0% |
| Financial charges | 65/66B | €152 | €85 | -€67 | -43.8% |
| Recurring financial charges | 65 | €152 | €85 | -€67 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €6,017 | €14,775 | +€8,759 | +146% |
| Income taxes | 67/77 | €2,140 | €4,332 | +€2,192 | +102% |
| Profit (loss) for the period | 9904 | €3,876 | €10,443 | +€6,567 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €3,876 | €10,443 | +€6,567 | +169% |
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 20 October 2026 via checked.be.