MERCURY 23: what changed
MERCURY 23
Largest movements
- Receivables within one year +€23,269
up €23,269 (+82.6%), from €28,169 to €51,439
of which Trade receivables: +€17,181
- Cash +€14,823
up €14,823 (+199%), from €7,435 to €22,258
mainly Net result for the year (+€43,158) and Tax, wage and social debts (+€1,672)
- Reserves +€42,459
new in 2025: €42,459
- Trade debts -€7,034
down €7,034 (-79.2%), from €8,881 to €1,847
- Tax, wage and social debts +€1,672
up €1,672 (+7.2%), from €23,286 to €24,958
of which Taxes: +€12,964
- Gross operating margin +€59,028
up €59,028 (+3,686%), from €1,601 to €60,630
- Taxes +€11,169
up €11,169 (+1,105%), from €1,011 to €12,180
- Financial charges +€2,672
up €2,672 (+229%), from €1,169 to €3,842
- Other operating charges +€1,908
up €1,908 (+403%), from €473 to €2,381
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,467 | €74,436 | +€37,968 | +104% |
| Current assets | 29/58 | €36,467 | €74,436 | +€37,968 | +104% |
| Amounts receivable within one year | 40/41 | €28,169 | €51,439 | +€23,269 | +82.6% |
| Trade receivables | 40 | €21,952 | €39,133 | +€17,181 | +78.3% |
| Other amounts receivable | 41 | €6,218 | €12,306 | +€6,088 | +97.9% |
| Cash at bank and in hand | 54/58 | €7,435 | €22,258 | +€14,823 | +199% |
| Deferred charges and accrued income | 490/1 | €863 | €739 | -€124 | -14.3% |
| Total equity and liabilities | 10/49 | €36,467 | €74,436 | +€37,968 | +104% |
| Equity | 10/15 | €4,301 | €47,459 | +€43,158 | +1,003% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €42,459 | +€42,459 | |
| Distributable reserves | 133 | - | €42,459 | +€42,459 | |
| Profit (loss) carried forward | 14 | -€699 | €0 | +€699 | |
| Amounts payable | 17/49 | €32,167 | €26,977 | -€5,190 | -16.1% |
| Amounts payable within one year | 42/48 | €32,167 | €26,805 | -€5,362 | -16.7% |
| Trade debts | 44 | €8,881 | €1,847 | -€7,034 | -79.2% |
| Suppliers | 440/4 | €8,881 | €1,847 | -€7,034 | -79.2% |
| Taxes, remuneration and social security | 45 | €23,286 | €24,958 | +€1,672 | +7.2% |
| Taxes | 450/3 | €11,994 | €24,958 | +€12,964 | +108% |
| Remuneration and social security | 454/9 | €11,292 | €0 | -€11,292 | -100% |
| Accrued charges and deferred income | 492/3 | - | €172 | +€172 | |
| Other operating charges | 640/8 | €473 | €2,381 | +€1,908 | +403% |
| Gross operating margin | 9900 | €1,601 | €60,630 | +€59,028 | +3,686% |
| Operating profit (loss) | 9901 | €1,128 | €58,249 | +€57,120 | +5,062% |
| Financial income | 75/76B | €353 | €931 | +€578 | +164% |
| Recurring financial income | 75 | €353 | €931 | +€578 | +164% |
| Financial charges | 65/66B | €1,169 | €3,842 | +€2,672 | +229% |
| Recurring financial charges | 65 | €1,169 | €3,842 | +€2,672 | +229% |
| Profit (loss) for the period before taxes | 9903 | €312 | €55,338 | +€55,026 | +17,663% |
| Income taxes | 67/77 | €1,011 | €12,180 | +€11,169 | +1,105% |
| Profit (loss) for the period | 9904 | -€699 | €43,158 | +€43,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€699 | €43,158 | +€43,857 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.