MERCHE DECOR: 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 DECOR
Largest movements
- Cash +€12,707
up €12,707 (+13.3%), from €95,792 to €108,500
mainly Depreciation (+€41,612) and Advances received (+€12,556)
- Tangible fixed assets -€8,413
down €8,413 (-3.6%), from €234,071 to €225,658
of which Other tangible fixed assets: -€13,940
- Receivables within one year -€7,137
down €7,137 (-16.9%), from €42,289 to €35,151
of which Trade receivables: -€9,695
- Debts after one year -€35,398
down €35,398 (-14.2%), from €248,606 to €213,208
- Advances received +€12,556
up €12,556 (+36.5%), from €34,444 to €47,001
- Tax, wage and social debts +€9,472
up €9,472 (+23.2%), from €40,815 to €50,287
of which Taxes: +€8,903
- Other operating charges -€4,351
down €4,351 (-18.1%), from €24,033 to €19,682
- Gross operating margin -€3,901
down €3,901 (-1.3%), from €308,974 to €305,073
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.
Cash bridge derived
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 | €645,036 | €640,357 | -€4,680 | -0.7% |
| Fixed assets | 21/28 | €240,384 | €231,972 | -€8,413 | -3.5% |
| Tangible fixed assets | 22/27 | €234,071 | €225,658 | -€8,413 | -3.6% |
| Plant, machinery and equipment | 23 | €35,421 | €31,316 | -€4,104 | -11.6% |
| Furniture and vehicles | 24 | €23,074 | €32,705 | +€9,631 | +41.7% |
| Other tangible fixed assets | 26 | €175,577 | €161,637 | -€13,940 | -7.9% |
| Financial fixed assets | 28 | €6,313 | €6,313 | = | 0.0% |
| Current assets | 29/58 | €404,652 | €408,385 | +€3,733 | +0.9% |
| Stocks and contracts in progress | 3 | €259,178 | €256,404 | -€2,774 | -1.1% |
| Stocks | 30/36 | €259,178 | €256,404 | -€2,774 | -1.1% |
| Amounts receivable within one year | 40/41 | €42,289 | €35,151 | -€7,137 | -16.9% |
| Trade receivables | 40 | €34,475 | €24,780 | -€9,695 | -28.1% |
| Other amounts receivable | 41 | €7,814 | €10,372 | +€2,558 | +32.7% |
| Cash at bank and in hand | 54/58 | €95,792 | €108,500 | +€12,707 | +13.3% |
| Deferred charges and accrued income | 490/1 | €7,394 | €8,330 | +€937 | +12.7% |
| Total equity and liabilities | 10/49 | €645,036 | €640,357 | -€4,680 | -0.7% |
| Equity | 10/15 | €128,044 | €131,706 | +€3,662 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,520 | €119,306 | +€1,786 | +1.5% |
| Distributable reserves | 133 | €117,520 | €119,306 | +€1,786 | +1.5% |
| Profit (loss) carried forward | 14 | -€1,875 | - | +€1,875 | |
| Amounts payable | 17/49 | €516,992 | €508,651 | -€8,341 | -1.6% |
| Amounts payable after more than one year | 17 | €248,606 | €213,208 | -€35,398 | -14.2% |
| Financial debts | 170/4 | €248,606 | €213,208 | -€35,398 | -14.2% |
| Amounts payable within one year | 42/48 | €266,716 | €295,055 | +€28,338 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €68,308 | €73,704 | +€5,396 | +7.9% |
| Trade debts | 44 | €119,247 | €116,398 | -€2,849 | -2.4% |
| Suppliers | 440/4 | €119,247 | €116,398 | -€2,849 | -2.4% |
| Advances received on contracts in progress | 46 | €34,444 | €47,001 | +€12,556 | +36.5% |
| Taxes, remuneration and social security | 45 | €40,815 | €50,287 | +€9,472 | +23.2% |
| Taxes | 450/3 | €12,853 | €21,755 | +€8,903 | +69.3% |
| Remuneration and social security | 454/9 | €27,963 | €28,532 | +€569 | +2.0% |
| Other amounts payable | 47/48 | €3,901 | €7,665 | +€3,763 | +96.5% |
| Accrued charges and deferred income | 492/3 | €1,670 | €388 | -€1,281 | -76.7% |
| Remuneration, social security and pensions | 62 | €226,601 | €228,450 | +€1,849 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,347 | €41,612 | +€1,265 | +3.1% |
| Other operating charges | 640/8 | €24,033 | €19,682 | -€4,351 | -18.1% |
| Gross operating margin | 9900 | €308,974 | €305,073 | -€3,901 | -1.3% |
| Operating profit (loss) | 9901 | €17,993 | €15,330 | -€2,664 | -14.8% |
| Financial income | 75/76B | €916 | €556 | -€359 | -39.2% |
| Recurring financial income | 75 | €916 | €556 | -€359 | -39.2% |
| Financial charges | 65/66B | €10,707 | €10,844 | +€136 | +1.3% |
| Recurring financial charges | 65 | €10,707 | €10,844 | +€136 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €8,202 | €5,042 | -€3,160 | -38.5% |
| Income taxes | 67/77 | €318 | €1,381 | +€1,063 | +334.4% |
| Profit (loss) for the period | 9904 | €7,884 | €3,662 | -€4,222 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,884 | €3,662 | -€4,222 | -53.6% |
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 11 October 2026 via checked.be.