MERCURY 42: what changed
MERCURY 42
Largest movements
- Receivables after one year +€126,959
new in 2025: €126,959
- Cash -€64,397
down €64,397 (-41.6%), from €154,974 to €90,577
mainly Receivables after one year (-€126,959) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets +€22,684
up €22,684 (+7.5%), from €300,994 to €323,677
of which Land and buildings: +€22,164
- Receivables within one year -€21,869
down €21,869 (-85.4%), from €25,602 to €3,732
of which Trade receivables: -€12,191
- Debts after one year +€147,828
up €147,828 (+64.7%), from €228,582 to €376,410
- Profit (loss) carried forward -€43,856
down €43,856 (-46.5%), from €94,345 to €50,489
- Tax, wage and social debts -€43,168
down €43,168 (-45.0%), from €95,870 to €52,702
of which Taxes: -€40,018
- Gross operating margin -€165,983
down €165,983 (-68.0%), from €244,115 to €78,133
- Taxes -€37,132
down €37,132 (-90.4%), from €41,058 to €3,926
- Staff costs -€19,405
down €19,405 (-40.9%), from €47,410 to €28,005
- Financial charges +€4,851
up €4,851 (+35.3%), from €13,729 to €18,580
- Other operating charges +€2,618
up €2,618 (+182%), from €1,435 to €4,053
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 | €487,680 | €551,972 | +€64,293 | +13.2% |
| Fixed assets | 21/28 | €300,994 | €323,723 | +€22,729 | +7.6% |
| Tangible fixed assets | 22/27 | €300,994 | €323,677 | +€22,684 | +7.5% |
| Land and buildings | 22 | €295,048 | €317,212 | +€22,164 | +7.5% |
| Furniture and vehicles | 24 | €4,818 | €2,390 | -€2,429 | -50.4% |
| Other tangible fixed assets | 26 | €1,127 | €4,075 | +€2,948 | +262% |
| Financial fixed assets | 28 | - | €46 | +€46 | |
| Current assets | 29/58 | €186,686 | €228,249 | +€41,563 | +22.3% |
| Amounts receivable after more than one year | 29 | - | €126,959 | +€126,959 | |
| Other amounts receivable | 291 | - | €126,959 | +€126,959 | |
| Amounts receivable within one year | 40/41 | €25,602 | €3,732 | -€21,869 | -85.4% |
| Trade receivables | 40 | €12,191 | €0 | -€12,191 | -100% |
| Other amounts receivable | 41 | €13,410 | €3,732 | -€9,678 | -72.2% |
| Cash at bank and in hand | 54/58 | €154,974 | €90,577 | -€64,397 | -41.6% |
| Deferred charges and accrued income | 490/1 | €6,110 | €6,981 | +€871 | +14.3% |
| Total equity and liabilities | 10/49 | €487,680 | €551,972 | +€64,293 | +13.2% |
| Equity | 10/15 | €96,345 | €52,489 | -€43,856 | -45.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,345 | €50,489 | -€43,856 | -46.5% |
| Amounts payable | 17/49 | €391,335 | €499,483 | +€108,148 | +27.6% |
| Amounts payable after more than one year | 17 | €228,582 | €376,410 | +€147,828 | +64.7% |
| Financial debts | 170/4 | €228,582 | €376,410 | +€147,828 | +64.7% |
| Amounts payable within one year | 42/48 | €162,741 | €123,073 | -€39,668 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €8,429 | €10,667 | +€2,239 | +26.6% |
| Trade debts | 44 | €8,443 | €9,704 | +€1,261 | +14.9% |
| Suppliers | 440/4 | €8,443 | €9,704 | +€1,261 | +14.9% |
| Taxes, remuneration and social security | 45 | €95,870 | €52,702 | -€43,168 | -45.0% |
| Taxes | 450/3 | €87,212 | €47,194 | -€40,018 | -45.9% |
| Remuneration and social security | 454/9 | €8,658 | €5,508 | -€3,150 | -36.4% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100% |
| Remuneration, social security and pensions | 62 | €47,410 | €28,005 | -€19,405 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,495 | €19,418 | +€924 | +5.0% |
| Other operating charges | 640/8 | €1,435 | €4,053 | +€2,618 | +182% |
| Non-recurring operating charges | 66A | €212 | - | -€212 | |
| Gross operating margin | 9900 | €244,115 | €78,133 | -€165,983 | -68.0% |
| Operating profit (loss) | 9901 | €176,563 | €26,656 | -€149,907 | -84.9% |
| Financial income | 75/76B | €1,037 | €1,994 | +€957 | +92.2% |
| Recurring financial income | 75 | €1,037 | €1,994 | +€957 | +92.2% |
| Financial charges | 65/66B | €13,729 | €18,580 | +€4,851 | +35.3% |
| Recurring financial charges | 65 | €13,729 | €18,580 | +€4,851 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €163,871 | €10,070 | -€153,801 | -93.9% |
| Income taxes | 67/77 | €41,058 | €3,926 | -€37,132 | -90.4% |
| Profit (loss) for the period | 9904 | €122,813 | €6,144 | -€116,669 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €122,813 | €6,144 | -€116,669 | -95.0% |
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 3 November 2026 via checked.be.