MERCURIAAN: 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.
MERCURIAAN
Largest movements
- Receivables after one year -€2,967
down €2,967 (-49.1%), from €6,039 to €3,073
- Receivables within one year -€1,117
down €1,117 (-100%), from €1,117 to €0
of which Trade receivables: -€1,117
- Cash +€402
up €402 (+8.8%), from €4,558 to €4,960
mainly Receivables after one year (+€2,967) and Receivables within one year (+€1,117)
- Tangible fixed assets -€365
down €365 (-61.7%), from €592 to €227
of which Furniture and vehicles: -€229
- Reserves -€4,090
down €4,090 (-8.9%), from €45,971 to €41,881
of which Distributable reserves: -€4,090
- Profit (loss) carried forward +€991
up €991 (+1.7%), from -€58,045 to -€57,054
- Trade debts -€601
down €601 (-33.0%), from €1,823 to €1,221
- Tax, wage and social debts -€346
down €346 (-55.5%), from €623 to €277
- Gross operating margin +€6,010
up €6,010 (+75.0%), from -€8,016 to -€2,006
- Depreciation -€674
down €674 (-64.9%), from €1,039 to €365
- Other operating charges +€96
up €96 (+18.1%), from €533 to €629
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 | €12,306 | €8,260 | -€4,046 | -32.9% |
| Fixed assets | 21/28 | €592 | €227 | -€365 | -61.7% |
| Tangible fixed assets | 22/27 | €592 | €227 | -€365 | -61.7% |
| Plant, machinery and equipment | 23 | €363 | €227 | -€136 | -37.5% |
| Furniture and vehicles | 24 | €229 | €0 | -€229 | -100% |
| Current assets | 29/58 | €11,714 | €8,033 | -€3,681 | -31.4% |
| Amounts receivable after more than one year | 29 | €6,039 | €3,073 | -€2,967 | -49.1% |
| Other amounts receivable | 291 | €6,039 | €3,073 | -€2,967 | -49.1% |
| Amounts receivable within one year | 40/41 | €1,117 | €0 | -€1,117 | -100% |
| Trade receivables | 40 | €1,117 | €0 | -€1,117 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,558 | €4,960 | +€402 | +8.8% |
| Total equity and liabilities | 10/49 | €12,306 | €8,260 | -€4,046 | -32.9% |
| Equity | 10/15 | €9,860 | €6,761 | -€3,099 | -31.4% |
| Contributions | 10/11 | €21,934 | €21,934 | = | 0.0% |
| Reserves | 13 | €45,971 | €41,881 | -€4,090 | -8.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €41,881 | €41,881 | = | 0.0% |
| Distributable reserves | 133 | €4,090 | €0 | -€4,090 | -100% |
| Profit (loss) carried forward | 14 | -€58,045 | -€57,054 | +€991 | +1.7% |
| Amounts payable | 17/49 | €2,446 | €1,499 | -€947 | -38.7% |
| Amounts payable within one year | 42/48 | €2,446 | €1,499 | -€947 | -38.7% |
| Trade debts | 44 | €1,823 | €1,221 | -€601 | -33.0% |
| Suppliers | 440/4 | €1,823 | €1,221 | -€601 | -33.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €623 | €277 | -€346 | -55.5% |
| Taxes | 450/3 | €623 | €277 | -€346 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €365 | -€674 | -64.9% |
| Other operating charges | 640/8 | €533 | €629 | +€96 | +18.1% |
| Gross operating margin | 9900 | -€8,016 | -€2,006 | +€6,010 | +75.0% |
| Operating profit (loss) | 9901 | -€9,588 | -€3,000 | +€6,588 | +68.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €45 | €99 | +€54 | +121% |
| Recurring financial charges | 65 | €45 | €99 | +€54 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€9,632 | -€3,099 | +€6,534 | +67.8% |
| Profit (loss) for the period | 9904 | -€9,632 | -€3,099 | +€6,534 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,632 | -€3,099 | +€6,534 | +67.8% |
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 28 October 2026 via checked.be.