MERCURE SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Stocks and contracts +€93,775
up €93,775 (+33.3%), from €281,282 to €375,057
- Tangible fixed assets +€59,820
up €59,820 (+2027.9%), from €2,950 to €62,769
- Cash -€27,938
down €27,938 (-65.6%), from €42,609 to €14,671
mainly Stocks and contracts (-€93,775) and Investment in fixed assets (net) (-€70,694)
- Receivables within one year -€10,745
down €10,745 (-7.6%), from €140,751 to €130,006
of which Trade receivables: -€12,984
- Profit (loss) carried forward +€55,635
up €55,635 (+30.9%), from €180,041 to €235,676
- Debts after one year +€30,972
new in 2025: €30,972
- Current portion of long-term debt +€22,464
new in 2025: €22,464
- Trade debts +€9,930
up €9,930 (+4.2%), from €237,408 to €247,338
- Advances received -€7,157
down €7,157 (-100.0%), from €7,157 to €0
- Gross operating margin +€98,481
up €98,481 (+35.3%), from €278,958 to €377,439
- Write-downs +€46,903
up €46,903 (+105.7%), from €44,378 to €91,281
- Staff costs +€45,316
up €45,316 (+30.5%), from €148,719 to €194,035
- Depreciation +€9,588
up €9,588 (+745.4%), from €1,286 to €10,874
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.
Cash bridge derived
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 | €470,637 | €585,948 | +€115,311 | +24.5% |
| Fixed assets | 21/28 | €2,950 | €62,769 | +€59,820 | +2027.9% |
| Tangible fixed assets | 22/27 | €2,950 | €62,769 | +€59,820 | +2027.9% |
| Furniture and vehicles | 24 | €2,950 | €62,769 | +€59,820 | +2027.9% |
| Current assets | 29/58 | €467,687 | €523,178 | +€55,491 | +11.9% |
| Stocks and contracts in progress | 3 | €281,282 | €375,057 | +€93,775 | +33.3% |
| Stocks | 30/36 | €281,282 | €375,057 | +€93,775 | +33.3% |
| Amounts receivable within one year | 40/41 | €140,751 | €130,006 | -€10,745 | -7.6% |
| Trade receivables | 40 | €124,887 | €111,904 | -€12,984 | -10.4% |
| Other amounts receivable | 41 | €15,864 | €18,102 | +€2,238 | +14.1% |
| Cash at bank and in hand | 54/58 | €42,609 | €14,671 | -€27,938 | -65.6% |
| Deferred charges and accrued income | 490/1 | €3,045 | €3,445 | +€400 | +13.1% |
| Total equity and liabilities | 10/49 | €470,637 | €585,948 | +€115,311 | +24.5% |
| Equity | 10/15 | €206,601 | €262,236 | +€55,635 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,960 | €7,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,960 | €7,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,041 | €235,676 | +€55,635 | +30.9% |
| Amounts payable | 17/49 | €264,036 | €323,712 | +€59,676 | +22.6% |
| Amounts payable after more than one year | 17 | - | €30,972 | +€30,972 | |
| Financial debts | 170/4 | - | €30,972 | +€30,972 | |
| Amounts payable within one year | 42/48 | €264,036 | €292,740 | +€28,704 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | - | €22,464 | +€22,464 | |
| Trade debts | 44 | €237,408 | €247,338 | +€9,930 | +4.2% |
| Suppliers | 440/4 | €237,408 | €247,338 | +€9,930 | +4.2% |
| Advances received on contracts in progress | 46 | €7,157 | €0 | -€7,157 | -100.0% |
| Taxes, remuneration and social security | 45 | €19,471 | €22,938 | +€3,467 | +17.8% |
| Taxes | 450/3 | €812 | €1,474 | +€662 | +81.5% |
| Remuneration and social security | 454/9 | €18,660 | €21,465 | +€2,805 | +15.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €9,564 | +€9,564 | |
| Remuneration, social security and pensions | 62 | €148,719 | €194,035 | +€45,316 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,286 | €10,874 | +€9,588 | +745.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,378 | €91,281 | +€46,903 | +105.7% |
| Other operating charges | 640/8 | €875 | €985 | +€109 | +12.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €278,958 | €377,439 | +€98,481 | +35.3% |
| Operating profit (loss) | 9901 | €83,700 | €80,264 | -€3,436 | -4.1% |
| Financial income | 75/76B | €2,802 | €1,734 | -€1,068 | -38.1% |
| Recurring financial income | 75 | €2,802 | €1,734 | -€1,068 | -38.1% |
| Financial charges | 65/66B | €2,707 | €4,093 | +€1,386 | +51.2% |
| Recurring financial charges | 65 | €2,707 | €4,093 | +€1,386 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €83,795 | €77,905 | -€5,890 | -7.0% |
| Income taxes | 67/77 | €22,274 | €22,270 | -€4 | 0.0% |
| Profit (loss) for the period | 9904 | €61,521 | €55,635 | -€5,886 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,521 | €55,635 | -€5,886 | -9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.