MERCKX ELEKTRO: 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.
MERCKX ELEKTRO
Largest movements
- Tangible fixed assets -€12,049
down €12,049 (-11.9%), from €101,160 to €89,111
of which Land and buildings: -€7,570
- Stocks and contracts -€10,431
down €10,431 (-10.7%), from €97,833 to €87,402
- Cash +€5,053
up €5,053 (+13.0%), from €38,957 to €44,010
mainly Net result for the year (+€18,888) and Depreciation (+€12,049)
- Deferred charges and accrued income +€4,270
up €4,270 (+126%), from €3,391 to €7,661
- Other debts -€20,080
down €20,080 (-36.3%), from €55,259 to €35,179
- Reserves +€18,888
up €18,888 (+12.2%), from €155,112 to €174,000
of which Distributable reserves: +€18,888
- Current portion of long-term debt -€5,846
down €5,846 (-100%), from €5,846 to €0
- Tax, wage and social debts -€4,200
down €4,200 (-53.4%), from €7,863 to €3,664
of which Remuneration and social security: -€4,003
- Trade debts -€2,721
down €2,721 (-22.6%), from €12,041 to €9,321
- Gross operating margin +€17,180
up €17,180 (+86.6%), from €19,834 to €37,014
- Taxes +€6,303
up €6,303 (+283%), from €2,231 to €8,534
- Financial income +€3,001
up €3,001 (+90.2%), from €3,328 to €6,329
- Other operating charges -€707
down €707 (-26.8%), from €2,639 to €1,932
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 | €254,713 | €240,755 | -€13,958 | -5.5% |
| Fixed assets | 21/28 | €101,160 | €89,111 | -€12,049 | -11.9% |
| Tangible fixed assets | 22/27 | €101,160 | €89,111 | -€12,049 | -11.9% |
| Land and buildings | 22 | €96,681 | €89,111 | -€7,570 | -7.8% |
| Furniture and vehicles | 24 | €4,479 | €0 | -€4,479 | -100% |
| Current assets | 29/58 | €153,553 | €151,644 | -€1,910 | -1.2% |
| Stocks and contracts in progress | 3 | €97,833 | €87,402 | -€10,431 | -10.7% |
| Stocks | 30/36 | €97,833 | €87,402 | -€10,431 | -10.7% |
| Amounts receivable within one year | 40/41 | €13,372 | €12,571 | -€801 | -6.0% |
| Trade receivables | 40 | €12,603 | €10,336 | -€2,267 | -18.0% |
| Other amounts receivable | 41 | €769 | €2,235 | +€1,466 | +191% |
| Cash at bank and in hand | 54/58 | €38,957 | €44,010 | +€5,053 | +13.0% |
| Deferred charges and accrued income | 490/1 | €3,391 | €7,661 | +€4,270 | +126% |
| Total equity and liabilities | 10/49 | €254,713 | €240,755 | -€13,958 | -5.5% |
| Equity | 10/15 | €173,704 | €192,592 | +€18,888 | +10.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €155,112 | €174,000 | +€18,888 | +12.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Other | 1319 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €153,253 | €172,141 | +€18,888 | +12.3% |
| Amounts payable | 17/49 | €81,009 | €48,163 | -€32,846 | -40.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €81,009 | €48,163 | -€32,846 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €5,846 | €0 | -€5,846 | -100% |
| Trade debts | 44 | €12,041 | €9,321 | -€2,721 | -22.6% |
| Suppliers | 440/4 | €12,041 | €9,321 | -€2,721 | -22.6% |
| Taxes, remuneration and social security | 45 | €7,863 | €3,664 | -€4,200 | -53.4% |
| Taxes | 450/3 | €3,860 | €3,664 | -€196 | -5.1% |
| Remuneration and social security | 454/9 | €4,003 | €0 | -€4,003 | -100% |
| Other amounts payable | 47/48 | €55,259 | €35,179 | -€20,080 | -36.3% |
| Remuneration, social security and pensions | 62 | -€53 | €0 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,049 | €12,049 | = | 0.0% |
| Other operating charges | 640/8 | €2,639 | €1,932 | -€707 | -26.8% |
| Gross operating margin | 9900 | €19,834 | €37,014 | +€17,180 | +86.6% |
| Operating profit (loss) | 9901 | €5,199 | €23,033 | +€17,834 | +343% |
| Financial income | 75/76B | €3,328 | €6,329 | +€3,001 | +90.2% |
| Recurring financial income | 75 | €3,328 | €6,329 | +€3,001 | +90.2% |
| Financial charges | 65/66B | €1,785 | €1,940 | +€155 | +8.7% |
| Recurring financial charges | 65 | €1,785 | €1,940 | +€155 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €6,742 | €27,422 | +€20,680 | +307% |
| Income taxes | 67/77 | €2,231 | €8,534 | +€6,303 | +283% |
| Profit (loss) for the period | 9904 | €4,511 | €18,888 | +€14,377 | +319% |
| Profit (loss) for the period to be appropriated | 9905 | €4,511 | €18,888 | +€14,377 | +319% |
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 18 October 2026 via checked.be.