Mercurex: 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.
Mercurex
Largest movements
- Receivables within one year -€19,897
down €19,897 (-97.7%), from €20,368 to €471
of which Trade receivables: -€18,891
- Cash -€6,477
down €6,477 (-82.4%), from €7,859 to €1,382
mainly Other debts (-€21,313) and Accrued charges and deferred income (-€12,327)
- Deferred charges and accrued income -€2,767
down €2,767 (-80.6%), from €3,432 to €665
- Tangible fixed assets -€1,429
down €1,429 (-26.8%), from €5,326 to €3,897
of which Plant, machinery and equipment: -€830
- Other debts -€21,313
down €21,313 (-89.8%), from €23,722 to €2,409
- Accrued charges and deferred income -€12,327
down €12,327 (-95.7%), from €12,877 to €550
- Profit (loss) carried forward +€6,136
up €6,136 (+48.5%), from -€12,658 to -€6,522
- Tax, wage and social debts -€3,045
down €3,045 (-63.3%), from €4,808 to €1,763
- Gross operating margin +€7,501
up €7,501 (+191.8%), from €3,911 to €11,413
- Taxes +€1,674
up €1,674, from €0 to €1,674
- Other operating charges -€1,266
down €1,266 (-74.6%), from €1,696 to €430
- Depreciation -€965
down €965 (-25.0%), from €3,864 to €2,899
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 | €36,985 | €6,415 | -€30,570 | -82.7% |
| Fixed assets | 21/28 | €5,326 | €3,897 | -€1,429 | -26.8% |
| Tangible fixed assets | 22/27 | €5,326 | €3,897 | -€1,429 | -26.8% |
| Plant, machinery and equipment | 23 | €2,826 | €1,996 | -€830 | -29.4% |
| Furniture and vehicles | 24 | €2,500 | €1,901 | -€599 | -24.0% |
| Current assets | 29/58 | €31,659 | €2,518 | -€29,141 | -92.0% |
| Amounts receivable within one year | 40/41 | €20,368 | €471 | -€19,897 | -97.7% |
| Trade receivables | 40 | €19,362 | €471 | -€18,891 | -97.6% |
| Other amounts receivable | 41 | €1,006 | €0 | -€1,006 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,859 | €1,382 | -€6,477 | -82.4% |
| Deferred charges and accrued income | 490/1 | €3,432 | €665 | -€2,767 | -80.6% |
| Total equity and liabilities | 10/49 | €36,985 | €6,415 | -€30,570 | -82.7% |
| Equity | 10/15 | -€4,658 | €1,478 | +€6,136 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,658 | -€6,522 | +€6,136 | +48.5% |
| Amounts payable | 17/49 | €41,643 | €4,936 | -€36,706 | -88.1% |
| Amounts payable within one year | 42/48 | €28,765 | €4,386 | -€24,379 | -84.8% |
| Trade debts | 44 | €236 | €215 | -€21 | -9.0% |
| Suppliers | 440/4 | €236 | €215 | -€21 | -9.0% |
| Taxes, remuneration and social security | 45 | €4,808 | €1,763 | -€3,045 | -63.3% |
| Taxes | 450/3 | €4,808 | €1,763 | -€3,045 | -63.3% |
| Other amounts payable | 47/48 | €23,722 | €2,409 | -€21,313 | -89.8% |
| Accrued charges and deferred income | 492/3 | €12,877 | €550 | -€12,327 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,864 | €2,899 | -€965 | -25.0% |
| Other operating charges | 640/8 | €1,696 | €430 | -€1,266 | -74.6% |
| Gross operating margin | 9900 | €3,911 | €11,413 | +€7,501 | +191.8% |
| Operating profit (loss) | 9901 | -€1,649 | €8,083 | +€9,733 | |
| Financial income | 75/76B | €63 | €20 | -€43 | -68.2% |
| Recurring financial income | 75 | €63 | €20 | -€43 | -68.2% |
| Financial charges | 65/66B | €339 | €293 | -€46 | -13.6% |
| Recurring financial charges | 65 | €339 | €293 | -€46 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,926 | €7,810 | +€9,736 | |
| Income taxes | 67/77 | €0 | €1,674 | +€1,674 | |
| Profit (loss) for the period | 9904 | -€1,926 | €6,136 | +€8,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,926 | €6,136 | +€8,062 |
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 8 October 2026 via checked.be.