MERCIKI: 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.
MERCIKI
Largest movements
- Receivables within one year +€6,010
up €6,010 (+37.8%), from €15,888 to €21,897
of which Trade receivables: +€5,978
- Intangible fixed assets -€4,420
down €4,420 (-2.2%), from €205,458 to €201,038
- Reserves +€54,798
up €54,798 (+62.5%), from €87,691 to €142,489
- Current portion of long-term debt -€23,891
down €23,891 (-56.4%), from €42,391 to €18,500
- Debts after one year -€18,500
down €18,500 (-48.1%), from €38,500 to €20,000
- Tax, wage and social debts -€10,503
down €10,503 (-48.4%), from €21,703 to €11,201
of which Remuneration and social security: -€12,000
- Other debts -€2,403
down €2,403 (-7.9%), from €30,339 to €27,936
- Staff costs -€40,158
down €40,158 (-76.7%), from €52,373 to €12,215
- Gross operating margin -€30,414
down €30,414 (-18.4%), from €165,317 to €134,903
- Depreciation +€14,665
up €14,665 (+28.7%), from €51,014 to €65,679
- Financial charges -€1,785
down €1,785 (-44.6%), from €4,006 to €2,221
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 | €231,489 | €230,754 | -€735 | -0.3% |
| Fixed assets | 21/28 | €209,174 | €202,735 | -€6,439 | -3.1% |
| Intangible fixed assets | 21 | €205,458 | €201,038 | -€4,420 | -2.2% |
| Tangible fixed assets | 22/27 | €2,919 | €900 | -€2,020 | -69.2% |
| Furniture and vehicles | 24 | €2,919 | €900 | -€2,020 | -69.2% |
| Financial fixed assets | 28 | €797 | €797 | = | 0.0% |
| Current assets | 29/58 | €22,315 | €28,019 | +€5,704 | +25.6% |
| Amounts receivable within one year | 40/41 | €15,888 | €21,897 | +€6,010 | +37.8% |
| Trade receivables | 40 | €15,888 | €21,866 | +€5,978 | +37.6% |
| Other amounts receivable | 41 | - | €32 | +€32 | |
| Cash at bank and in hand | 54/58 | €6,231 | €6,008 | -€223 | -3.6% |
| Deferred charges and accrued income | 490/1 | €196 | €114 | -€83 | -42.0% |
| Total equity and liabilities | 10/49 | €231,489 | €230,754 | -€735 | -0.3% |
| Equity | 10/15 | €95,691 | €150,489 | +€54,798 | +57.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €87,691 | €142,489 | +€54,798 | +62.5% |
| Distributable reserves | 133 | €87,691 | €142,489 | +€54,798 | +62.5% |
| Amounts payable | 17/49 | €135,798 | €80,265 | -€55,533 | -40.9% |
| Amounts payable after more than one year | 17 | €38,500 | €20,000 | -€18,500 | -48.1% |
| Financial debts | 170/4 | €38,500 | €20,000 | -€18,500 | -48.1% |
| Amounts payable within one year | 42/48 | €97,298 | €60,265 | -€37,033 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €42,391 | €18,500 | -€23,891 | -56.4% |
| Trade debts | 44 | €2,864 | €2,629 | -€235 | -8.2% |
| Suppliers | 440/4 | €2,864 | €2,629 | -€235 | -8.2% |
| Taxes, remuneration and social security | 45 | €21,703 | €11,201 | -€10,503 | -48.4% |
| Taxes | 450/3 | €9,704 | €11,201 | +€1,497 | +15.4% |
| Remuneration and social security | 454/9 | €12,000 | - | -€12,000 | |
| Other amounts payable | 47/48 | €30,339 | €27,936 | -€2,403 | -7.9% |
| Non-recurring operating income | 76A | €5,033 | - | -€5,033 | |
| Remuneration, social security and pensions | 62 | €52,373 | €12,215 | -€40,158 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,014 | €65,679 | +€14,665 | +28.7% |
| Gross operating margin | 9900 | €165,317 | €134,903 | -€30,414 | -18.4% |
| Operating profit (loss) | 9901 | €61,930 | €57,010 | -€4,920 | -7.9% |
| Financial income | 75/76B | €204 | €9 | -€195 | -95.6% |
| Recurring financial income | 75 | €204 | €9 | -€195 | -95.6% |
| Financial charges | 65/66B | €4,006 | €2,221 | -€1,785 | -44.6% |
| Recurring financial charges | 65 | €4,006 | €2,221 | -€1,785 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €58,128 | €54,798 | -€3,331 | -5.7% |
| Profit (loss) for the period | 9904 | €58,128 | €54,798 | -€3,331 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,128 | €54,798 | -€3,331 | -5.7% |
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 14 October 2026 via checked.be.