MERCURA IMMO: 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.
MERCURA IMMO
Largest movements
- Tangible fixed assets -€88,025
down €88,025 (-3.8%), from €2.3m to €2.2m
- Profit (loss) carried forward -€69,394
down €69,394 (-25.8%), from -€269,470 to -€338,864
- Debts after one year -€50,164
down €50,164 (-2.9%), from €1.7m to €1.7m
- Depreciation +€103,048
up €103,048 (+114%), from €90,473 to €193,521
- Gross operating margin +€75,818
up €75,818 (+89.7%), from €84,500 to €160,318
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,325,287 | €2,234,778 | -€90,509 | -3.9% |
| Formation expenses | 20 | €857 | €269 | -€588 | -68.6% |
| Fixed assets | 21/28 | €2,320,665 | €2,232,640 | -€88,025 | -3.8% |
| Tangible fixed assets | 22/27 | €2,320,665 | €2,232,640 | -€88,025 | -3.8% |
| Land and buildings | 22 | €2,320,665 | €2,232,640 | -€88,025 | -3.8% |
| Current assets | 29/58 | €3,765 | €1,868 | -€1,896 | -50.4% |
| Amounts receivable within one year | 40/41 | €2,930 | €1,703 | -€1,227 | -41.9% |
| Other amounts receivable | 41 | €2,930 | €1,703 | -€1,227 | -41.9% |
| Current investments | 50/53 | €834 | €165 | -€669 | -80.2% |
| Total equity and liabilities | 10/49 | €2,325,287 | €2,234,778 | -€90,509 | -3.9% |
| Equity | 10/15 | -€19,470 | -€88,864 | -€69,394 | -356% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€269,470 | -€338,864 | -€69,394 | -25.8% |
| Amounts payable | 17/49 | €2,344,757 | €2,323,642 | -€21,115 | -0.9% |
| Amounts payable after more than one year | 17 | €1,700,699 | €1,650,535 | -€50,164 | -2.9% |
| Financial debts | 170/4 | €1,700,699 | €1,650,535 | -€50,164 | -2.9% |
| Amounts payable within one year | 42/48 | €644,058 | €673,106 | +€29,048 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €121,233 | €128,164 | +€6,931 | +5.7% |
| Trade debts | 44 | €42,893 | €49,698 | +€6,805 | +15.9% |
| Suppliers | 440/4 | €42,893 | €49,698 | +€6,805 | +15.9% |
| Other amounts payable | 47/48 | €479,933 | €495,244 | +€15,312 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,473 | €193,521 | +€103,048 | +114% |
| Other operating charges | 640/8 | €782 | €1,641 | +€859 | +110% |
| Gross operating margin | 9900 | €84,500 | €160,318 | +€75,818 | +89.7% |
| Operating profit (loss) | 9901 | -€6,755 | -€34,844 | -€28,089 | -416% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €35,169 | €34,550 | -€619 | -1.8% |
| Recurring financial charges | 65 | €35,169 | €34,550 | -€619 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,924 | -€69,394 | -€27,470 | -65.5% |
| Profit (loss) for the period | 9904 | -€41,924 | -€69,394 | -€27,470 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,924 | -€69,394 | -€27,470 | -65.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.