MERCURE MED: 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.
MERCURE MED
Largest movements
- Cash -€28,623
down €28,623 (-73.8%), from €38,800 to €10,177
mainly Contributions, distributions and other (-€122,500) and Debts after one year (-€21,816)
- Receivables within one year -€17,555
down €17,555 (-3.5%), from €503,239 to €485,684
- Tangible fixed assets -€17,082
down €17,082 (-7.6%), from €225,515 to €208,433
of which Land and buildings: -€13,094
- Reserves -€24,246
down €24,246 (-4.1%), from €592,518 to €568,272
of which Distributable reserves: -€24,246
- Debts after one year -€21,816
down €21,816 (-100%), from €21,816 to €0
- Current portion of long-term debt -€9,667
down €9,667 (-28.4%), from €33,991 to €24,325
- Tax, wage and social debts -€9,151
down €9,151 (-8.6%), from €106,105 to €96,955
- Gross operating margin -€13,582
down €13,582 (-9.1%), from €149,277 to €135,695
- Taxes -€4,096
down €4,096 (-8.8%), from €46,544 to €42,448
- Financial income +€2,162
up €2,162 (+8.6%), from €25,241 to €27,403
- Financial charges -€1,789
down €1,789 (-34.4%), from €5,194 to €3,405
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 | €767,742 | €704,294 | -€63,449 | -8.3% |
| Fixed assets | 21/28 | €225,515 | €208,433 | -€17,082 | -7.6% |
| Tangible fixed assets | 22/27 | €225,515 | €208,433 | -€17,082 | -7.6% |
| Land and buildings | 22 | €217,586 | €204,492 | -€13,094 | -6.0% |
| Plant, machinery and equipment | 23 | €7,929 | €3,941 | -€3,988 | -50.3% |
| Current assets | 29/58 | €542,227 | €495,860 | -€46,367 | -8.6% |
| Amounts receivable within one year | 40/41 | €503,239 | €485,684 | -€17,555 | -3.5% |
| Other amounts receivable | 41 | €503,239 | €485,684 | -€17,555 | -3.5% |
| Cash at bank and in hand | 54/58 | €38,800 | €10,177 | -€28,623 | -73.8% |
| Deferred charges and accrued income | 490/1 | €188 | €0 | -€188 | -100% |
| Total equity and liabilities | 10/49 | €767,742 | €704,294 | -€63,449 | -8.3% |
| Equity | 10/15 | €599,728 | €575,482 | -€24,246 | -4.0% |
| Contributions | 10/11 | €6,729 | €6,729 | = | 0.0% |
| Capital | 10 | €6,729 | - | -€6,729 | |
| Issued capital | 100 | €19,000 | - | -€19,000 | |
| Uncalled capital | 101 | €12,271 | - | -€12,271 | |
| Reserves | 13 | €592,518 | €568,272 | -€24,246 | -4.1% |
| Tax-exempt reserves | 132 | €8,489 | €8,489 | = | 0.0% |
| Distributable reserves | 133 | €584,029 | €559,783 | -€24,246 | -4.2% |
| Profit (loss) carried forward | 14 | €481 | €481 | = | 0.0% |
| Amounts payable | 17/49 | €168,014 | €128,812 | -€39,203 | -23.3% |
| Amounts payable after more than one year | 17 | €21,816 | €0 | -€21,816 | -100% |
| Financial debts | 170/4 | €21,816 | €0 | -€21,816 | -100% |
| Amounts payable within one year | 42/48 | €146,198 | €128,812 | -€17,386 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €33,991 | €24,325 | -€9,667 | -28.4% |
| Trade debts | 44 | €6,101 | €7,532 | +€1,431 | +23.5% |
| Suppliers | 440/4 | €6,101 | €7,532 | +€1,431 | +23.5% |
| Taxes, remuneration and social security | 45 | €106,105 | €96,955 | -€9,151 | -8.6% |
| Taxes | 450/3 | €106,105 | €96,955 | -€9,151 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,082 | €17,082 | = | 0.0% |
| Other operating charges | 640/8 | €1,902 | €1,909 | +€7 | +0.4% |
| Gross operating margin | 9900 | €149,277 | €135,695 | -€13,582 | -9.1% |
| Operating profit (loss) | 9901 | €130,293 | €116,704 | -€13,589 | -10.4% |
| Financial income | 75/76B | €25,241 | €27,403 | +€2,162 | +8.6% |
| Recurring financial income | 75 | €25,241 | €27,403 | +€2,162 | +8.6% |
| Financial charges | 65/66B | €5,194 | €3,405 | -€1,789 | -34.4% |
| Recurring financial charges | 65 | €5,194 | €3,405 | -€1,789 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €150,341 | €140,702 | -€9,638 | -6.4% |
| Income taxes | 67/77 | €46,544 | €42,448 | -€4,096 | -8.8% |
| Profit (loss) for the period | 9904 | €103,797 | €98,254 | -€5,542 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €103,797 | €98,254 | -€5,542 | -5.3% |
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 1 November 2026 via checked.be.