MERCICA: 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.
MERCICA
Largest movements
- Cash -€1.0m
down €1.0m (-76.2%), from €1.4m to €327,096
mainly Other debts (-€924,335) and Contributions, distributions and other (-€431,663)
- Receivables within one year +€146,883
up €146,883, from €0 to €146,883
- Tangible fixed assets +€25,262
up €25,262 (+442%), from €5,713 to €30,975
of which Other tangible fixed assets: +€23,356
- Other debts -€924,335
down €924,335 (-100%), from €924,335 to €0
- Reserves +€59,781
up €59,781 (+13.8%), from €431,663 to €491,444
- Gross operating margin +€99,419
up €99,419 (+17.2%), from €578,831 to €678,250
- Financial charges +€30,990
up €30,990 (+57,753%), from €54 to €31,044
- Taxes +€18,782
up €18,782 (+13.3%), from €140,821 to €159,603
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,415,538 | €540,067 | -€875,470 | -61.8% |
| Fixed assets | 21/28 | €5,713 | €30,975 | +€25,262 | +442% |
| Tangible fixed assets | 22/27 | €5,713 | €30,975 | +€25,262 | +442% |
| Furniture and vehicles | 24 | €3,000 | €4,906 | +€1,906 | +63.5% |
| Other tangible fixed assets | 26 | €2,713 | €26,069 | +€23,356 | +861% |
| Current assets | 29/58 | €1,409,825 | €509,092 | -€900,733 | -63.9% |
| Amounts receivable within one year | 40/41 | €0 | €146,883 | +€146,883 | |
| Other amounts receivable | 41 | €0 | €146,883 | +€146,883 | |
| Cash at bank and in hand | 54/58 | €1,372,280 | €327,096 | -€1.0m | -76.2% |
| Deferred charges and accrued income | 490/1 | €37,545 | €35,114 | -€2,431 | -6.5% |
| Total equity and liabilities | 10/49 | €1,415,538 | €540,067 | -€875,470 | -61.8% |
| Equity | 10/15 | €450,263 | €510,044 | +€59,781 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €431,663 | €491,444 | +€59,781 | +13.8% |
| Distributable reserves | 133 | €431,663 | €491,444 | +€59,781 | +13.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €965,275 | €30,024 | -€935,251 | -96.9% |
| Amounts payable within one year | 42/48 | €965,275 | €30,024 | -€935,251 | -96.9% |
| Trade debts | 44 | €1,896 | €868 | -€1,029 | -54.2% |
| Suppliers | 440/4 | €1,896 | €868 | -€1,029 | -54.2% |
| Taxes, remuneration and social security | 45 | €39,043 | €29,156 | -€9,887 | -25.3% |
| Taxes | 450/3 | €39,043 | €29,156 | -€9,887 | -25.3% |
| Other amounts payable | 47/48 | €924,335 | €0 | -€924,335 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768 | €992 | +€225 | +29.3% |
| Other operating charges | 640/8 | €1,092 | €1,714 | +€622 | +56.9% |
| Gross operating margin | 9900 | €578,831 | €678,250 | +€99,419 | +17.2% |
| Operating profit (loss) | 9901 | €576,972 | €675,544 | +€98,572 | +17.1% |
| Financial income | 75/76B | €105 | €6,547 | +€6,442 | +6,142% |
| Recurring financial income | 75 | €105 | €6,547 | +€6,442 | +6,142% |
| Financial charges | 65/66B | €54 | €31,044 | +€30,990 | +57,753% |
| Recurring financial charges | 65 | €54 | €31,044 | +€30,990 | +57,753% |
| Profit (loss) for the period before taxes | 9903 | €577,023 | €651,047 | +€74,024 | +12.8% |
| Income taxes | 67/77 | €140,821 | €159,603 | +€18,782 | +13.3% |
| Profit (loss) for the period | 9904 | €436,202 | €491,444 | +€55,242 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €436,202 | €491,444 | +€55,242 | +12.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.