Merci Georges: 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.
Merci Georges
Largest movements
- Tangible fixed assets +€11,105
up €11,105 (+74.9%), from €14,820 to €25,925
of which Other tangible fixed assets: +€14,939
- Receivables within one year +€5,092
up €5,092 (+58.3%), from €8,736 to €13,828
of which Trade receivables: +€6,051
- Profit (loss) carried forward +€8,535
up €8,535 (+22.0%), from €38,815 to €47,350
- Other debts +€4,490
up €4,490 (+198%), from €2,263 to €6,753
- Trade debts +€2,546
up €2,546 (+3,188%), from €80 to €2,625
- Tax, wage and social debts +€1,649
up €1,649 (+205%), from €804 to €2,453
- Other operating charges -€5,560
down €5,560 (-93.5%), from €5,947 to €387
- Gross operating margin +€3,933
up €3,933 (+30.3%), from €12,991 to €16,924
- Taxes +€1,698
up €1,698 (+225%), from €756 to €2,453
- Depreciation +€1,010
up €1,010 (+24.8%), from €4,078 to €5,088
- Financial income -€660
down €660 (-98.5%), from €670 to €10
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 | €42,390 | €59,181 | +€16,792 | +39.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,820 | €25,925 | +€11,105 | +74.9% |
| Tangible fixed assets | 22/27 | €14,820 | €25,925 | +€11,105 | +74.9% |
| Plant, machinery and equipment | 23 | €4,742 | €3,367 | -€1,376 | -29.0% |
| Furniture and vehicles | 24 | €10,078 | €7,619 | -€2,458 | -24.4% |
| Other tangible fixed assets | 26 | - | €14,939 | +€14,939 | |
| Current assets | 29/58 | €27,570 | €33,257 | +€5,687 | +20.6% |
| Stocks and contracts in progress | 3 | €18,834 | €19,248 | +€414 | +2.2% |
| Stocks | 30/36 | €18,834 | €19,248 | +€414 | +2.2% |
| Amounts receivable within one year | 40/41 | €8,736 | €13,828 | +€5,092 | +58.3% |
| Trade receivables | 40 | €5,523 | €11,575 | +€6,051 | +110% |
| Other amounts receivable | 41 | €3,212 | €2,253 | -€959 | -29.9% |
| Cash at bank and in hand | 54/58 | €0 | €181 | +€181 | |
| Total equity and liabilities | 10/49 | €42,390 | €59,181 | +€16,792 | +39.6% |
| Equity | 10/15 | €38,815 | €47,350 | +€8,535 | +22.0% |
| Profit (loss) carried forward | 14 | €38,815 | €47,350 | +€8,535 | +22.0% |
| Amounts payable | 17/49 | €3,575 | €11,832 | +€8,257 | +231% |
| Amounts payable within one year | 42/48 | €3,575 | €11,832 | +€8,257 | +231% |
| Financial debts | 43 | €428 | €0 | -€428 | -100% |
| Credit institutions | 430/8 | €428 | €0 | -€428 | -100% |
| Trade debts | 44 | €80 | €2,625 | +€2,546 | +3,188% |
| Suppliers | 440/4 | €80 | €2,625 | +€2,546 | +3,188% |
| Taxes, remuneration and social security | 45 | €804 | €2,453 | +€1,649 | +205% |
| Taxes | 450/3 | €804 | €2,453 | +€1,649 | +205% |
| Other amounts payable | 47/48 | €2,263 | €6,753 | +€4,490 | +198% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,078 | €5,088 | +€1,010 | +24.8% |
| Other operating charges | 640/8 | €5,947 | €387 | -€5,560 | -93.5% |
| Gross operating margin | 9900 | €12,991 | €16,924 | +€3,933 | +30.3% |
| Operating profit (loss) | 9901 | €2,966 | €11,448 | +€8,482 | +286% |
| Financial income | 75/76B | €670 | €10 | -€660 | -98.5% |
| Recurring financial income | 75 | €670 | €10 | -€660 | -98.5% |
| Financial charges | 65/66B | €307 | €470 | +€163 | +53.1% |
| Recurring financial charges | 65 | €307 | €470 | +€163 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €3,329 | €10,988 | +€7,659 | +230% |
| Income taxes | 67/77 | €756 | €2,453 | +€1,698 | +225% |
| Profit (loss) for the period | 9904 | €2,574 | €8,535 | +€5,961 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €2,574 | €8,535 | +€5,961 | +232% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.