Merco Services: what changed
What changed
Merco Services
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€550,948
2024 · €89,134+€461,814
Equity
€15.7m
2024 · €16.0m-€299,052
Cash
€245,013
2024 · €94,522+€150,491
Balance sheet total
€16.2m
2024 · €16.1m+€98,535
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€400,000
up €400,000, from €0 to €400,000
- Profit (loss) carried forward -€299,052
down €299,052 (-1.9%), from €15.4m to €15.1m
Income statement
- Services and other goods -€714,278
down €714,278 (-83.9%), from €851,255 to €136,976
- Turnover -€702,881
down €702,881 (-47.9%), from €1.5m to €765,380
- Financial income +€456,881
up €456,881 (+748,985%), from €61 to €456,942
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€89,134
Turnover
-€702,881
Other operating income
+€1,231
Goods and materials
-€6,057
Services and other goods
+€714,278
Staff costs
+€5,145
Depreciation
-€2,632
Other operating charges
-€560
Financial income
+€456,881
Financial charges
-€70
Taxes
-€3,521
Result 2025
€550,948
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.0m
Investment
-€37,460
Financing
-€850,000
Cash 2024
€94,522
From operations (derived)
+€1.0m
Net result for the year
+€550,948
Depreciation
+€6,037
Receivables within one year
+€82,957
Smaller working-capital items
+€1,313
Trade debts
-€3,303
Other debts
+€400,000
Investment (derived)
-€37,460
Investment in fixed assets (net)
-€34,147
Current investments
-€3,314
Financing
-€850,000
Contributions, distributions and other
-€850,000
Cash 2025
€245,013
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,097,517 | €16,196,051 | +€98,535 | +0.6% |
| Fixed assets | 21/28 | €15,515,800 | €15,543,910 | +€28,110 | +0.2% |
| Tangible fixed assets | 22/27 | €17,039 | €45,149 | +€28,110 | +165% |
| Furniture and vehicles | 24 | €17,039 | €45,149 | +€28,110 | +165% |
| Financial fixed assets | 28 | €15,498,761 | €15,498,761 | = | 0.0% |
| Affiliated companies | 280/1 | €15,498,761 | €15,498,761 | = | 0.0% |
| Participating interests | 280 | €15,498,761 | €15,498,761 | = | 0.0% |
| Current assets | 29/58 | €581,717 | €652,142 | +€70,425 | +12.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €86,771 | €3,815 | -€82,957 | -95.6% |
| Trade receivables | 40 | €81,964 | €0 | -€81,964 | -100% |
| Other amounts receivable | 41 | €4,807 | €3,815 | -€992 | -20.6% |
| Current investments | 50/53 | €400,000 | €403,314 | +€3,314 | +0.8% |
| Other investments | 51/53 | €400,000 | €403,314 | +€3,314 | +0.8% |
| Cash at bank and in hand | 54/58 | €94,522 | €245,013 | +€150,491 | +159% |
| Deferred charges and accrued income | 490/1 | €424 | €0 | -€424 | -100% |
| Total equity and liabilities | 10/49 | €16,097,517 | €16,196,051 | +€98,535 | +0.6% |
| Equity | 10/15 | €15,997,237 | €15,698,186 | -€299,052 | -1.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €92,100 | €92,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,405,137 | €15,106,086 | -€299,052 | -1.9% |
| Amounts payable | 17/49 | €100,280 | €497,866 | +€397,586 | +396% |
| Amounts payable within one year | 42/48 | €100,280 | €497,866 | +€397,586 | +396% |
| Trade debts | 44 | €12,777 | €9,474 | -€3,303 | -25.8% |
| Suppliers | 440/4 | €12,777 | €9,474 | -€3,303 | -25.8% |
| Taxes, remuneration and social security | 45 | €87,502 | €88,391 | +€889 | +1.0% |
| Taxes | 450/3 | €34,977 | €26,120 | -€8,857 | -25.3% |
| Remuneration and social security | 454/9 | €52,525 | €62,272 | +€9,746 | +18.6% |
| Other amounts payable | 47/48 | €0 | €400,000 | +€400,000 | |
| Operating income | 70/76A | €1,469,436 | €767,785 | -€701,651 | -47.7% |
| Turnover | 70 | €1,468,261 | €765,380 | -€702,881 | -47.9% |
| Other operating income | 74 | €1,175 | €2,406 | +€1,231 | +105% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €1,348,572 | €638,398 | -€710,175 | -52.7% |
| Goods for resale, raw materials and consumables | 60 | €108,708 | €114,765 | +€6,057 | +5.6% |
| Purchases | 600/8 | €108,708 | €114,765 | +€6,057 | +5.6% |
| Services and other goods | 61 | €851,255 | €136,976 | -€714,278 | -83.9% |
| Remuneration, social security and pensions | 62 | €383,547 | €378,402 | -€5,145 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,405 | €6,037 | +€2,632 | +77.3% |
| Other operating charges | 640/8 | €1,657 | €2,217 | +€560 | +33.8% |
| Operating profit (loss) | 9901 | €120,864 | €129,388 | +€8,524 | +7.1% |
| Financial income | 75/76B | €61 | €456,942 | +€456,881 | +748,985% |
| Recurring financial income | 75 | €61 | €456,942 | +€456,881 | +748,985% |
| Income from financial fixed assets | 750 | €0 | €450,000 | +€450,000 | |
| Income from current assets | 751 | - | €6,942 | +€6,942 | |
| Other financial income | 752/9 | €61 | €0 | -€61 | -100% |
| Financial charges | 65/66B | €44 | €114 | +€70 | +161% |
| Recurring financial charges | 65 | €44 | €114 | +€70 | +161% |
| Other financial charges | 652/9 | €44 | €114 | +€70 | +161% |
| Profit (loss) for the period before taxes | 9903 | €120,881 | €586,216 | +€465,335 | +385% |
| Income taxes | 67/77 | €31,747 | €35,268 | +€3,521 | +11.1% |
| Taxes | 670/3 | €31,747 | €35,268 | +€3,521 | +11.1% |
| Profit (loss) for the period | 9904 | €89,134 | €550,948 | +€461,814 | +518% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €131,234 | €550,948 | +€419,714 | +320% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.