MERCURIUS: 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.
MERCURIUS
Largest movements
- Receivables within one year -€48,157
down €48,157 (-27.6%), from €174,433 to €126,276
of which Other amounts receivable: -€48,995
- Profit (loss) carried forward -€232,526
new in 2025: -€232,526
- Other debts +€150,015
new in 2025: €150,015
- Advances received +€47,190
new in 2025: €47,190
- Reserves -€10,899
down €10,899 (-10.2%), from €106,399 to €95,500
of which Distributable reserves: -€10,899
- Financial charges +€229,925
up €229,925 (+5235.5%), from €4,392 to €234,317
of which Non-recurring financial charges: +€230,000
- Gross operating margin -€125,424
down €125,424, from €113,470 to -€11,954
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,199 | €130,509 | -€47,690 | -26.8% |
| Current assets | 29/58 | €178,199 | €130,509 | -€47,690 | -26.8% |
| Amounts receivable within one year | 40/41 | €174,433 | €126,276 | -€48,157 | -27.6% |
| Trade receivables | 40 | €39,000 | €39,838 | +€838 | +2.1% |
| Other amounts receivable | 41 | €135,433 | €86,438 | -€48,995 | -36.2% |
| Deferred charges and accrued income | 490/1 | €3,767 | €4,233 | +€466 | +12.4% |
| Total equity and liabilities | 10/49 | €178,199 | €130,509 | -€47,690 | -26.8% |
| Equity | 10/15 | €133,399 | -€110,026 | -€243,425 | |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €106,399 | €95,500 | -€10,899 | -10.2% |
| Non-distributable reserves | 130/1 | €1,350 | €1,350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,350 | €1,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,150 | €94,150 | = | 0.0% |
| Distributable reserves | 133 | €10,899 | - | -€10,899 | |
| Profit (loss) carried forward | 14 | - | -€232,526 | -€232,526 | |
| Provisions and deferred taxes | 16 | €31,383 | €31,383 | = | 0.0% |
| Deferred taxes | 168 | €31,383 | €31,383 | = | 0.0% |
| Amounts payable | 17/49 | €13,417 | €209,152 | +€195,735 | +1458.9% |
| Amounts payable within one year | 42/48 | €13,417 | €209,152 | +€195,735 | +1458.9% |
| Financial debts | 43 | €12,377 | €11,014 | -€1,363 | -11.0% |
| Credit institutions | 430/8 | €12,377 | €11,014 | -€1,363 | -11.0% |
| Trade debts | 44 | €504 | €837 | +€333 | +66.1% |
| Suppliers | 440/4 | €504 | €837 | +€333 | +66.1% |
| Advances received on contracts in progress | 46 | - | €47,190 | +€47,190 | |
| Taxes, remuneration and social security | 45 | €536 | €96 | -€440 | -82.2% |
| Taxes | 450/3 | €536 | €96 | -€440 | -82.2% |
| Other amounts payable | 47/48 | - | €150,015 | +€150,015 | |
| Other operating charges | 640/8 | €1,096 | €1,387 | +€291 | +26.5% |
| Gross operating margin | 9900 | €113,470 | -€11,954 | -€125,424 | |
| Operating profit (loss) | 9901 | €112,374 | -€13,341 | -€125,715 | |
| Financial income | 75/76B | €3,767 | €4,233 | +€466 | +12.4% |
| Recurring financial income | 75 | €3,767 | €4,233 | +€466 | +12.4% |
| Financial charges | 65/66B | €4,392 | €234,317 | +€229,925 | +5235.5% |
| Recurring financial charges | 65 | €4,392 | €4,317 | -€75 | -1.7% |
| Non-recurring financial charges | 66B | - | €230,000 | +€230,000 | |
| Profit (loss) for the period before taxes | 9903 | €111,749 | -€243,425 | -€355,174 | |
| Transfer to deferred taxes | 680 | €31,383 | - | -€31,383 | |
| Profit (loss) for the period | 9904 | €80,366 | -€243,425 | -€323,791 | |
| Transfer to tax-exempt reserves | 689 | €94,150 | - | -€94,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,784 | -€243,425 | -€229,641 | -1666.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.