MERCIER LOONWERKEN: 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 LOONWERKEN
Largest movements
- Tangible fixed assets +€136,762
up €136,762 (+44.1%), from €310,151 to €446,913
of which Plant, machinery and equipment: +€129,171
- Receivables within one year +€71,953
up €71,953 (+23.8%), from €302,515 to €374,468
of which Trade receivables: +€43,033
- Cash +€11,117
up €11,117 (+40.2%), from €27,659 to €38,776
mainly Trade debts (+€136,881) and Depreciation (+€101,432)
- Trade debts +€136,881
up €136,881 (+426%), from €32,151 to €169,032
- Other debts +€51,877
new in 2025: €51,877
- Short-term financial debts -€40,000
down €40,000 (-100%), from €40,000 to €0
- Debts after one year +€38,833
up €38,833 (+19.0%), from €204,763 to €243,596
- Reserves +€21,948
up €21,948 (+8.1%), from €272,042 to €293,990
of which Distributable reserves: +€32,823
- Gross operating margin +€70,161
up €70,161 (+35.1%), from €200,147 to €270,308
- Depreciation +€16,214
up €16,214 (+19.0%), from €85,218 to €101,432
- Taxes +€13,597
up €13,597 (+55.6%), from €24,464 to €38,061
- Staff costs +€7,430
up €7,430 (+14.2%), from €52,219 to €59,650
- Financial income +€3,279
up €3,279 (+31.4%), from €10,428 to €13,707
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 | €647,272 | €868,215 | +€220,943 | +34.1% |
| Fixed assets | 21/28 | €310,633 | €447,394 | +€136,762 | +44.0% |
| Tangible fixed assets | 22/27 | €310,151 | €446,913 | +€136,762 | +44.1% |
| Plant, machinery and equipment | 23 | €215,162 | €344,333 | +€129,171 | +60.0% |
| Furniture and vehicles | 24 | €51,164 | €63,766 | +€12,602 | +24.6% |
| Other tangible fixed assets | 26 | €43,825 | €38,814 | -€5,010 | -11.4% |
| Financial fixed assets | 28 | €481 | €481 | = | 0.0% |
| Current assets | 29/58 | €336,639 | €420,821 | +€84,182 | +25.0% |
| Stocks and contracts in progress | 3 | €4,108 | €2,200 | -€1,908 | -46.4% |
| Stocks | 30/36 | €4,108 | €2,200 | -€1,908 | -46.4% |
| Amounts receivable within one year | 40/41 | €302,515 | €374,468 | +€71,953 | +23.8% |
| Trade receivables | 40 | €71,427 | €114,461 | +€43,033 | +60.2% |
| Other amounts receivable | 41 | €231,088 | €260,008 | +€28,920 | +12.5% |
| Cash at bank and in hand | 54/58 | €27,659 | €38,776 | +€11,117 | +40.2% |
| Deferred charges and accrued income | 490/1 | €2,357 | €5,377 | +€3,020 | +128% |
| Total equity and liabilities | 10/49 | €647,272 | €868,215 | +€220,943 | +34.1% |
| Equity | 10/15 | €278,242 | €300,190 | +€21,948 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €272,042 | €293,990 | +€21,948 | +8.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €39,594 | €28,719 | -€10,875 | -27.5% |
| Distributable reserves | 133 | €232,448 | €265,271 | +€32,823 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €13,198 | €9,573 | -€3,625 | -27.5% |
| Deferred taxes | 168 | €13,198 | €9,573 | -€3,625 | -27.5% |
| Amounts payable | 17/49 | €355,832 | €558,452 | +€202,620 | +56.9% |
| Amounts payable after more than one year | 17 | €204,763 | €243,596 | +€38,833 | +19.0% |
| Financial debts | 170/4 | €204,763 | €243,596 | +€38,833 | +19.0% |
| Amounts payable within one year | 42/48 | €150,605 | €314,456 | +€163,851 | +109% |
| Current portion of amounts payable after more than one year | 42 | €65,409 | €82,436 | +€17,027 | +26.0% |
| Financial debts | 43 | €40,000 | €0 | -€40,000 | -100% |
| Credit institutions | 430/8 | €40,000 | €0 | -€40,000 | -100% |
| Trade debts | 44 | €32,151 | €169,032 | +€136,881 | +426% |
| Suppliers | 440/4 | €32,151 | €169,032 | +€136,881 | +426% |
| Taxes, remuneration and social security | 45 | €13,045 | €11,111 | -€1,934 | -14.8% |
| Taxes | 450/3 | €2,558 | €1,093 | -€1,466 | -57.3% |
| Remuneration and social security | 454/9 | €10,487 | €10,018 | -€469 | -4.5% |
| Other amounts payable | 47/48 | - | €51,877 | +€51,877 | |
| Accrued charges and deferred income | 492/3 | €463 | €400 | -€63 | -13.7% |
| Non-recurring operating income | 76A | €24,000 | €400 | -€23,600 | -98.3% |
| Remuneration, social security and pensions | 62 | €52,219 | €59,650 | +€7,430 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,218 | €101,432 | +€16,214 | +19.0% |
| Other operating charges | 640/8 | €6,922 | €4,768 | -€2,154 | -31.1% |
| Gross operating margin | 9900 | €200,147 | €270,308 | +€70,161 | +35.1% |
| Operating profit (loss) | 9901 | €55,788 | €104,458 | +€48,670 | +87.2% |
| Financial income | 75/76B | €10,428 | €13,707 | +€3,279 | +31.4% |
| Recurring financial income | 75 | €10,428 | €13,707 | +€3,279 | +31.4% |
| Financial charges | 65/66B | €11,663 | €9,904 | -€1,759 | -15.1% |
| Recurring financial charges | 65 | €11,663 | €9,904 | -€1,759 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €54,553 | €108,261 | +€53,709 | +98.5% |
| Transfer from deferred taxes | 780 | €3,625 | €3,625 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €24,464 | €38,061 | +€13,597 | +55.6% |
| Profit (loss) for the period | 9904 | €33,714 | €73,825 | +€40,112 | +119% |
| Transfer from tax-exempt reserves | 789 | €10,875 | €10,875 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €44,589 | €84,700 | +€40,112 | +90.0% |
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 25 October 2026 via checked.be.