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
- Current investments +€230,000
new in 2025: €230,000
- Cash -€191,498
down €191,498 (-78.4%), from €244,315 to €52,817
mainly Current investments (-€230,000) and Smaller working-capital items (-€51)
- Tangible fixed assets -€26,775
down €26,775 (-3.3%), from €810,370 to €783,595
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€2,861
new in 2025: €2,861
- Taxes +€1,687
new in 2025: €1,687
- Gross operating margin +€766
up €766 (+1.9%), from €39,801 to €40,567
- Other operating charges +€412
up €412 (+7.2%), from €5,691 to €6,103
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 | €1,054,685 | €1,066,920 | +€12,235 | +1.2% |
| Fixed assets | 21/28 | €810,370 | €783,595 | -€26,775 | -3.3% |
| Tangible fixed assets | 22/27 | €810,370 | €783,595 | -€26,775 | -3.3% |
| Land and buildings | 22 | €810,370 | €783,595 | -€26,775 | -3.3% |
| Current assets | 29/58 | €244,315 | €283,325 | +€39,010 | +16.0% |
| Amounts receivable within one year | 40/41 | - | €171 | +€171 | |
| Other amounts receivable | 41 | - | €171 | +€171 | |
| Current investments | 50/53 | - | €230,000 | +€230,000 | |
| Cash at bank and in hand | 54/58 | €244,315 | €52,817 | -€191,498 | -78.4% |
| Deferred charges and accrued income | 490/1 | €0 | €336 | +€336 | |
| Total equity and liabilities | 10/49 | €1,054,685 | €1,066,920 | +€12,235 | +1.2% |
| Equity | 10/15 | €1,054,685 | €1,063,172 | +€8,487 | +0.8% |
| Contributions | 10/11 | €1,045,974 | €1,045,974 | = | 0.0% |
| Reserves | 13 | €1,397 | €1,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47 | - | -€47 | |
| Reserves not available under the articles | 1311 | €47 | - | -€47 | |
| Tax-exempt reserves | 132 | €322 | €322 | = | 0.0% |
| Distributable reserves | 133 | €1,028 | €1,075 | +€47 | +4.6% |
| Profit (loss) carried forward | 14 | €7,315 | €15,801 | +€8,487 | +116.0% |
| Amounts payable | 17/49 | €0 | €3,748 | +€3,748 | |
| Amounts payable within one year | 42/48 | €0 | €456 | +€456 | |
| Trade debts | 44 | €0 | €456 | +€456 | |
| Suppliers | 440/4 | €0 | €456 | +€456 | |
| Accrued charges and deferred income | 492/3 | - | €3,292 | +€3,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,775 | €26,775 | = | 0.0% |
| Other operating charges | 640/8 | €5,691 | €6,103 | +€412 | +7.2% |
| Gross operating margin | 9900 | €39,801 | €40,567 | +€766 | +1.9% |
| Operating profit (loss) | 9901 | €7,336 | €7,689 | +€354 | +4.8% |
| Financial income | 75/76B | - | €2,861 | +€2,861 | |
| Recurring financial income | 75 | - | €2,861 | +€2,861 | |
| Financial charges | 65/66B | €381 | €376 | -€5 | -1.3% |
| Recurring financial charges | 65 | €381 | €376 | -€5 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €6,954 | €10,174 | +€3,220 | +46.3% |
| Income taxes | 67/77 | - | €1,687 | +€1,687 | |
| Profit (loss) for the period | 9904 | €6,954 | €8,487 | +€1,533 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,954 | €8,487 | +€1,533 | +22.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.