MERCOST.CONSTRUCT.BE: 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.
MERCOST.CONSTRUCT.BE
Largest movements
- Receivables within one year +€42,803
up €42,803 (+123%), from €34,889 to €77,691
of which Trade receivables: +€44,496
- Deferred charges and accrued income -€18,861
down €18,861 (-27.5%), from €68,634 to €49,773
- Tangible fixed assets -€1,623
down €1,623 (-22.3%), from €7,265 to €5,642
of which Furniture and vehicles: -€1,782
- Trade debts +€14,317
up €14,317 (+149%), from €9,592 to €23,909
of which Suppliers: +€13,224
- Tax, wage and social debts +€6,351
up €6,351 (+219%), from €2,900 to €9,251
of which Remuneration and social security: +€7,066
- Gross operating margin -€8,242
down €8,242 (-47.0%), from €17,543 to €9,301
- Turnover -€4,945
down €4,945 (-1.1%), from €434,501 to €429,556
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 | €119,518 | €140,771 | +€21,253 | +17.8% |
| Fixed assets | 21/28 | €7,665 | €6,042 | -€1,623 | -21.2% |
| Tangible fixed assets | 22/27 | €7,265 | €5,642 | -€1,623 | -22.3% |
| Plant, machinery and equipment | 23 | €1,481 | €1,640 | +€159 | +10.7% |
| Furniture and vehicles | 24 | €5,784 | €4,002 | -€1,782 | -30.8% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €111,853 | €134,729 | +€22,876 | +20.5% |
| Amounts receivable within one year | 40/41 | €34,889 | €77,691 | +€42,803 | +123% |
| Trade receivables | 40 | €24,969 | €69,466 | +€44,496 | +178% |
| Other amounts receivable | 41 | €9,920 | €8,226 | -€1,694 | -17.1% |
| Cash at bank and in hand | 54/58 | €8,330 | €7,265 | -€1,065 | -12.8% |
| Deferred charges and accrued income | 490/1 | €68,634 | €49,773 | -€18,861 | -27.5% |
| Total equity and liabilities | 10/49 | €119,518 | €140,771 | +€21,253 | +17.8% |
| Equity | 10/15 | €107,026 | €107,611 | +€585 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €98,966 | €99,551 | +€585 | +0.6% |
| Amounts payable | 17/49 | €12,492 | €33,160 | +€20,668 | +165% |
| Amounts payable within one year | 42/48 | €12,492 | €33,160 | +€20,668 | +165% |
| Trade debts | 44 | €9,592 | €23,909 | +€14,317 | +149% |
| Suppliers | 440/4 | €2,048 | €15,273 | +€13,224 | +646% |
| Bills of exchange payable | 441 | €7,544 | €8,636 | +€1,092 | +14.5% |
| Taxes, remuneration and social security | 45 | €2,900 | €9,251 | +€6,351 | +219% |
| Taxes | 450/3 | €2,250 | €1,536 | -€714 | -31.8% |
| Remuneration and social security | 454/9 | €650 | €7,716 | +€7,066 | +1,087% |
| Turnover | 70 | €434,501 | €429,556 | -€4,945 | -1.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €416,958 | €420,255 | +€3,297 | +0.8% |
| Remuneration, social security and pensions | 62 | €208 | €2,041 | +€1,833 | +882% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,850 | €4,359 | -€2,490 | -36.4% |
| Other operating charges | 640/8 | €786 | €929 | +€143 | +18.1% |
| Gross operating margin | 9900 | €17,543 | €9,301 | -€8,242 | -47.0% |
| Operating profit (loss) | 9901 | €9,699 | €1,973 | -€7,727 | -79.7% |
| Financial income | 75/76B | €0 | €184 | +€184 | +102,050% |
| Recurring financial income | 75 | €0 | €184 | +€184 | +102,050% |
| Financial charges | 65/66B | €340 | €415 | +€75 | +22.1% |
| Recurring financial charges | 65 | €340 | €415 | +€75 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €9,360 | €1,742 | -€7,618 | -81.4% |
| Income taxes | 67/77 | €2,416 | €1,157 | -€1,259 | -52.1% |
| Profit (loss) for the period | 9904 | €6,944 | €585 | -€6,359 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,944 | €585 | -€6,359 | -91.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.