MERCURIA: 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.
MERCURIA
Largest movements
- Receivables within one year +€200,959
up €200,959 (+55.0%), from €365,305 to €566,264
of which Other amounts receivable: +€187,649
- Financial fixed assets +€200,949
up €200,949 (+4.7%), from €4.3m to €4.5m
- Cash -€131,234
down €131,234 (-84.6%), from €155,137 to €23,903
mainly Debts after one year (-€255,079) and Receivables within one year (-€200,959)
- Reserves +€371,986
up €371,986 (+14.7%), from €2.5m to €2.9m
of which Distributable reserves: +€371,986
- Debts after one year -€255,079
down €255,079 (-13.8%), from €1.8m to €1.6m
of which Financial debts: -€137,579
- Other debts +€99,302
up €99,302 (+255%), from €38,936 to €138,238
- Current portion of long-term debt +€57,048
up €57,048 (+15.1%), from €378,268 to €435,316
- Financial income -€197,553
down €197,553 (-38.7%), from €510,000 to €312,447
- Gross operating margin -€28,742
down €28,742 (-6.4%), from €450,835 to €422,094
- Financial charges -€5,537
down €5,537 (-6.4%), from €86,845 to €81,308
- Taxes -€4,509
down €4,509 (-5.3%), from €85,756 to €81,246
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 | €4,841,497 | €5,112,170 | +€270,674 | +5.6% |
| Fixed assets | 21/28 | €4,321,055 | €4,522,004 | +€200,949 | +4.7% |
| Financial fixed assets | 28 | €4,321,055 | €4,522,004 | +€200,949 | +4.7% |
| Current assets | 29/58 | €520,442 | €590,167 | +€69,725 | +13.4% |
| Amounts receivable within one year | 40/41 | €365,305 | €566,264 | +€200,959 | +55.0% |
| Trade receivables | 40 | - | €13,310 | +€13,310 | |
| Other amounts receivable | 41 | €365,305 | €552,954 | +€187,649 | +51.4% |
| Cash at bank and in hand | 54/58 | €155,137 | €23,903 | -€131,234 | -84.6% |
| Total equity and liabilities | 10/49 | €4,841,497 | €5,112,170 | +€270,674 | +5.6% |
| Equity | 10/15 | €2,549,707 | €2,921,693 | +€371,986 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,531,107 | €2,903,093 | +€371,986 | +14.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,529,247 | €2,901,233 | +€371,986 | +14.7% |
| Amounts payable | 17/49 | €2,291,790 | €2,190,477 | -€101,313 | -4.4% |
| Amounts payable after more than one year | 17 | €1,846,062 | €1,590,983 | -€255,079 | -13.8% |
| Financial debts | 170/4 | €872,312 | €734,733 | -€137,579 | -15.8% |
| Other amounts payable | 178/9 | €973,750 | €856,250 | -€117,500 | -12.1% |
| Amounts payable within one year | 42/48 | €423,210 | €586,584 | +€163,374 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €378,268 | €435,316 | +€57,048 | +15.1% |
| Trade debts | 44 | - | €114 | +€114 | |
| Suppliers | 440/4 | - | €114 | +€114 | |
| Taxes, remuneration and social security | 45 | €6,006 | €12,916 | +€6,910 | +115% |
| Taxes | 450/3 | €6,006 | €12,916 | +€6,910 | +115% |
| Other amounts payable | 47/48 | €38,936 | €138,238 | +€99,302 | +255% |
| Accrued charges and deferred income | 492/3 | €22,518 | €12,911 | -€9,607 | -42.7% |
| Other operating charges | 640/8 | €968 | - | -€968 | |
| Gross operating margin | 9900 | €450,835 | €422,094 | -€28,742 | -6.4% |
| Operating profit (loss) | 9901 | €449,868 | €422,094 | -€27,774 | -6.2% |
| Financial income | 75/76B | €510,000 | €312,447 | -€197,553 | -38.7% |
| Recurring financial income | 75 | €510,000 | €312,447 | -€197,553 | -38.7% |
| Financial charges | 65/66B | €86,845 | €81,308 | -€5,537 | -6.4% |
| Recurring financial charges | 65 | €86,845 | €81,308 | -€5,537 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €873,023 | €653,233 | -€219,790 | -25.2% |
| Income taxes | 67/77 | €85,756 | €81,246 | -€4,509 | -5.3% |
| Profit (loss) for the period | 9904 | €787,267 | €571,986 | -€215,281 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €787,267 | €571,986 | -€215,281 | -27.3% |
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 15 October 2026 via checked.be.