MERCIER BELGIUM: 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.
MERCIER BELGIUM
Largest movements
- Cash +€245,279
up €245,279 (+148%), from €165,512 to €410,791
mainly Receivables within one year (+€129,213) and Net result for the year (+€108,936)
- Receivables within one year -€129,213
down €129,213 (-87.5%), from €147,734 to €18,521
of which Other amounts receivable: -€97,600
- Stocks and contracts +€21,563
up €21,563 (+803%), from €2,685 to €24,248
- Other debts +€69,777
up €69,777 (+56.5%), from €123,548 to €193,325
- Tax, wage and social debts +€37,292
up €37,292 (+1,922%), from €1,940 to €39,232
of which Taxes: +€31,979
- Trade debts +€27,435
up €27,435 (+15.0%), from €182,516 to €209,951
- Reserves +€8,936
up €8,936 (+5.1%), from €175,913 to €184,848
of which Distributable reserves: +€8,936
- Gross operating margin +€43,701
up €43,701 (+27.4%), from €159,733 to €203,434
- Staff costs +€11,701
up €11,701 (+34.3%), from €34,097 to €45,798
- Taxes +€8,662
up €8,662 (+29.9%), from €28,956 to €37,619
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 | €545,417 | €688,941 | +€143,524 | +26.3% |
| Fixed assets | 21/28 | €28,033 | €34,441 | +€6,407 | +22.9% |
| Tangible fixed assets | 22/27 | €18,548 | €24,956 | +€6,407 | +34.5% |
| Plant, machinery and equipment | 23 | €12,124 | €5,777 | -€6,348 | -52.4% |
| Furniture and vehicles | 24 | €2,146 | €5,069 | +€2,923 | +136% |
| Other tangible fixed assets | 26 | €4,278 | €14,110 | +€9,832 | +230% |
| Financial fixed assets | 28 | €9,485 | €9,485 | = | 0.0% |
| Current assets | 29/58 | €517,384 | €654,500 | +€137,117 | +26.5% |
| Stocks and contracts in progress | 3 | €2,685 | €24,248 | +€21,563 | +803% |
| Stocks | 30/36 | €2,685 | €24,248 | +€21,563 | +803% |
| Amounts receivable within one year | 40/41 | €147,734 | €18,521 | -€129,213 | -87.5% |
| Trade receivables | 40 | €50,135 | €18,521 | -€31,614 | -63.1% |
| Other amounts receivable | 41 | €97,600 | €0 | -€97,600 | -100% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €165,512 | €410,791 | +€245,279 | +148% |
| Deferred charges and accrued income | 490/1 | €1,453 | €940 | -€512 | -35.3% |
| Total equity and liabilities | 10/49 | €545,417 | €688,941 | +€143,524 | +26.3% |
| Equity | 10/15 | €237,413 | €246,348 | +€8,936 | +3.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €175,913 | €184,848 | +€8,936 | +5.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €169,763 | €178,698 | +€8,936 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €308,004 | €442,593 | +€134,588 | +43.7% |
| Amounts payable within one year | 42/48 | €308,004 | €442,508 | +€134,504 | +43.7% |
| Trade debts | 44 | €182,516 | €209,951 | +€27,435 | +15.0% |
| Suppliers | 440/4 | €182,516 | €209,951 | +€27,435 | +15.0% |
| Taxes, remuneration and social security | 45 | €1,940 | €39,232 | +€37,292 | +1,922% |
| Taxes | 450/3 | €0 | €31,979 | +€31,979 | |
| Remuneration and social security | 454/9 | €1,940 | €7,254 | +€5,314 | +274% |
| Other amounts payable | 47/48 | €123,548 | €193,325 | +€69,777 | +56.5% |
| Accrued charges and deferred income | 492/3 | - | €85 | +€85 | |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100% |
| Remuneration, social security and pensions | 62 | €34,097 | €45,798 | +€11,701 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,984 | €11,288 | +€1,304 | +13.1% |
| Other operating charges | 640/8 | €638 | €1,249 | +€611 | +95.7% |
| Non-recurring operating charges | 66A | €2,257 | €0 | -€2,257 | -100% |
| Gross operating margin | 9900 | €159,733 | €203,434 | +€43,701 | +27.4% |
| Operating profit (loss) | 9901 | €112,756 | €145,098 | +€32,342 | +28.7% |
| Financial income | 75/76B | €5,206 | €4,896 | -€310 | -6.0% |
| Recurring financial income | 75 | €5,206 | €4,896 | -€310 | -6.0% |
| Financial charges | 65/66B | €3,341 | €3,440 | +€99 | +3.0% |
| Recurring financial charges | 65 | €3,341 | €3,440 | +€99 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €114,621 | €146,554 | +€31,933 | +27.9% |
| Income taxes | 67/77 | €28,956 | €37,619 | +€8,662 | +29.9% |
| Profit (loss) for the period | 9904 | €85,665 | €108,936 | +€23,270 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,665 | €108,936 | +€23,270 | +27.2% |
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 29 October 2026 via checked.be.