MERCURIUS PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts -€245,574
down €245,574 (-49.0%), from €501,405 to €255,831
- Receivables within one year +€28,809
up €28,809 (+1757.9%), from €1,639 to €30,448
of which Other amounts receivable: +€28,809
- Short-term financial debts -€178,000
down €178,000 (-100.0%), from €178,000 to €0
- Profit (loss) carried forward -€18,803
down €18,803, from €0 to -€18,803
- Debts after one year -€10,000
down €10,000 (-4.0%), from €250,000 to €240,000
- Other debts -€10,000
down €10,000 (-16.1%), from €62,276 to €52,276
- Gross operating margin -€55,535
down €55,535, from €48,365 to -€7,170
- Taxes -€4,433
down €4,433 (-100.0%), from €4,433 to €0
- Depreciation -€1,083
down €1,083 (-75.1%), from €1,443 to €360
- Other operating charges -€681
down €681 (-44.0%), from €1,548 to €867
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 | €509,176 | €291,326 | -€217,850 | -42.8% |
| Formation expenses | 20 | €1,092 | €732 | -€360 | -33.0% |
| Fixed assets | 21/28 | €1,508 | €0 | -€1,508 | -100.0% |
| Tangible fixed assets | 22/27 | €1,508 | €0 | -€1,508 | -100.0% |
| Furniture and vehicles | 24 | €1,508 | €0 | -€1,508 | -100.0% |
| Current assets | 29/58 | €506,576 | €290,594 | -€215,982 | -42.6% |
| Stocks and contracts in progress | 3 | €501,405 | €255,831 | -€245,574 | -49.0% |
| Stocks | 30/36 | €501,405 | €255,831 | -€245,574 | -49.0% |
| Amounts receivable within one year | 40/41 | €1,639 | €30,448 | +€28,809 | +1757.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,639 | €30,448 | +€28,809 | +1757.9% |
| Cash at bank and in hand | 54/58 | €2,624 | €4,314 | +€1,690 | +64.4% |
| Deferred charges and accrued income | 490/1 | €908 | €0 | -€908 | -100.0% |
| Total equity and liabilities | 10/49 | €509,176 | €291,326 | -€217,850 | -42.8% |
| Equity | 10/15 | €13,092 | -€5,711 | -€18,803 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,592 | €10,592 | = | 0.0% |
| Distributable reserves | 133 | €10,592 | €10,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€18,803 | -€18,803 | |
| Amounts payable | 17/49 | €496,084 | €297,037 | -€199,047 | -40.1% |
| Amounts payable after more than one year | 17 | €250,000 | €240,000 | -€10,000 | -4.0% |
| Other amounts payable | 178/9 | €250,000 | €240,000 | -€10,000 | -4.0% |
| Amounts payable within one year | 42/48 | €246,063 | €57,016 | -€189,047 | -76.8% |
| Financial debts | 43 | €178,000 | €0 | -€178,000 | -100.0% |
| Credit institutions | 430/8 | €178,000 | €0 | -€178,000 | -100.0% |
| Trade debts | 44 | €1,353 | €1,047 | -€307 | -22.7% |
| Suppliers | 440/4 | €1,353 | €1,047 | -€307 | -22.7% |
| Taxes, remuneration and social security | 45 | €4,433 | €3,693 | -€740 | -16.7% |
| Taxes | 450/3 | €4,433 | €3,693 | -€740 | -16.7% |
| Other amounts payable | 47/48 | €62,276 | €52,276 | -€10,000 | -16.1% |
| Accrued charges and deferred income | 492/3 | €21 | €21 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,443 | €360 | -€1,083 | -75.1% |
| Other operating charges | 640/8 | €1,548 | €867 | -€681 | -44.0% |
| Non-recurring operating charges | 66A | - | €1,508 | +€1,508 | |
| Gross operating margin | 9900 | €48,365 | -€7,170 | -€55,535 | |
| Operating profit (loss) | 9901 | €45,374 | -€9,905 | -€55,279 | |
| Financial income | 75/76B | €9 | €0 | -€9 | -100.0% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100.0% |
| Financial charges | 65/66B | €8,708 | €8,899 | +€191 | +2.2% |
| Recurring financial charges | 65 | €8,708 | €8,899 | +€191 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €36,676 | -€18,803 | -€55,479 | |
| Income taxes | 67/77 | €4,433 | €0 | -€4,433 | -100.0% |
| Profit (loss) for the period | 9904 | €32,243 | -€18,803 | -€51,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,243 | -€18,803 | -€51,046 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.