MERCURIUS: 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.
MERCURIUS
Largest movements
- Cash +€34,982
up €34,982 (+4,702%), from €744 to €35,726
mainly Net result for the year (+€126,229) and Debts after one year (+€50,000)
- Debts after one year +€50,000
new in 2025: €50,000
- Reserves -€20,771
down €20,771 (-2.3%), from €917,577 to €896,806
of which Distributable reserves: -€20,771
- Tax, wage and social debts -€15,668
down €15,668 (-39.3%), from €39,900 to €24,232
- Gross operating margin +€2,734
up €2,734 (+5.7%), from €47,863 to €50,597
- Taxes +€534
up €534 (+2.0%), from €26,550 to €27,084
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 | €1,477,407 | €1,501,538 | +€24,131 | +1.6% |
| Fixed assets | 21/28 | €960,000 | €960,000 | = | 0.0% |
| Financial fixed assets | 28 | €960,000 | €960,000 | = | 0.0% |
| Current assets | 29/58 | €517,407 | €541,538 | +€24,131 | +4.7% |
| Amounts receivable after more than one year | 29 | €206,604 | €210,737 | +€4,133 | +2.0% |
| Trade receivables | 290 | €206,604 | €210,737 | +€4,133 | +2.0% |
| Amounts receivable within one year | 40/41 | €210,059 | €195,075 | -€14,984 | -7.1% |
| Trade receivables | 40 | €110,059 | €95,075 | -€14,984 | -13.6% |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €744 | €35,726 | +€34,982 | +4,702% |
| Total equity and liabilities | 10/49 | €1,477,407 | €1,501,538 | +€24,131 | +1.6% |
| Equity | 10/15 | €1,417,577 | €1,396,806 | -€20,771 | -1.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €917,577 | €896,806 | -€20,771 | -2.3% |
| Non-distributable reserves | 130/1 | €71,600 | €71,600 | = | 0.0% |
| Legal reserve | 130 | €71,600 | €71,600 | = | 0.0% |
| Distributable reserves | 133 | €845,977 | €825,206 | -€20,771 | -2.5% |
| Amounts payable | 17/49 | €59,830 | €104,732 | +€44,902 | +75.0% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €59,830 | €54,732 | -€5,098 | -8.5% |
| Trade debts | 44 | €1,072 | €1,732 | +€660 | +61.6% |
| Suppliers | 440/4 | €1,072 | €1,732 | +€660 | +61.6% |
| Taxes, remuneration and social security | 45 | €39,900 | €24,232 | -€15,668 | -39.3% |
| Taxes | 450/3 | €39,900 | €24,232 | -€15,668 | -39.3% |
| Other amounts payable | 47/48 | €18,858 | €28,768 | +€9,910 | +52.6% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.2% |
| Gross operating margin | 9900 | €47,863 | €50,597 | +€2,734 | +5.7% |
| Operating profit (loss) | 9901 | €46,755 | €49,454 | +€2,699 | +5.8% |
| Financial income | 75/76B | €104,051 | €104,132 | +€81 | +0.1% |
| Recurring financial income | 75 | €104,051 | €104,132 | +€81 | +0.1% |
| Financial charges | 65/66B | €188 | €273 | +€85 | +45.2% |
| Recurring financial charges | 65 | €188 | €273 | +€85 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €150,618 | €153,313 | +€2,695 | +1.8% |
| Income taxes | 67/77 | €26,550 | €27,084 | +€534 | +2.0% |
| Profit (loss) for the period | 9904 | €124,068 | €126,229 | +€2,161 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €124,068 | €126,229 | +€2,161 | +1.7% |
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 25 October 2026 via checked.be.