MERCONA: 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.
MERCONA
Largest movements
- Tangible fixed assets -€8,452
down €8,452 (-6.5%), from €129,152 to €120,699
- Cash +€5,467
up €5,467 (+25.0%), from €21,843 to €27,311
mainly Depreciation (+€8,452)
- Current portion of long-term debt -€1,745
no longer reported in 2025 (was €1,745)
- Other operating charges +€208
up €208 (+7.8%), from €2,678 to €2,885
- Gross operating margin +€147
up €147 (+1.5%), from €10,030 to €10,177
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 | €150,995 | €148,010 | -€2,985 | -2.0% |
| Fixed assets | 21/28 | €129,152 | €120,699 | -€8,452 | -6.5% |
| Tangible fixed assets | 22/27 | €129,152 | €120,699 | -€8,452 | -6.5% |
| Land and buildings | 22 | €129,152 | €120,699 | -€8,452 | -6.5% |
| Current assets | 29/58 | €21,843 | €27,311 | +€5,467 | +25.0% |
| Cash at bank and in hand | 54/58 | €21,843 | €27,311 | +€5,467 | +25.0% |
| Total equity and liabilities | 10/49 | €150,995 | €148,010 | -€2,985 | -2.0% |
| Equity | 10/15 | €149,090 | €147,850 | -€1,240 | -0.8% |
| Contributions | 10/11 | €222,000 | €222,000 | = | 0.0% |
| Capital | 10 | €222,000 | €222,000 | = | 0.0% |
| Issued capital | 100 | €222,000 | €222,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,910 | -€74,150 | -€1,240 | -1.7% |
| Amounts payable | 17/49 | €1,905 | €160 | -€1,745 | -91.6% |
| Amounts payable after more than one year | 17 | €160 | €160 | = | 0.0% |
| Other amounts payable | 178/9 | €160 | €160 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,745 | - | -€1,745 | |
| Current portion of amounts payable after more than one year | 42 | €1,745 | - | -€1,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,366 | €8,452 | +€86 | +1.0% |
| Other operating charges | 640/8 | €2,678 | €2,885 | +€208 | +7.8% |
| Gross operating margin | 9900 | €10,030 | €10,177 | +€147 | +1.5% |
| Operating profit (loss) | 9901 | -€1,014 | -€1,161 | -€147 | -14.5% |
| Financial charges | 65/66B | €157 | €79 | -€78 | -49.6% |
| Recurring financial charges | 65 | €157 | €79 | -€78 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,171 | -€1,240 | -€69 | -5.9% |
| Profit (loss) for the period | 9904 | -€1,171 | -€1,240 | -€69 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,171 | -€1,240 | -€69 | -5.9% |
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.