Mercury HG: 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.
Mercury HG
Largest movements
- Tangible fixed assets +€74,621
new in 2025: €74,621
- Cash +€27,745
up €27,745 (+555%), from €5,000 to €32,745
mainly Net result for the year (+€48,086) and Debts after one year (+€43,292)
- Receivables within one year +€13,028
up €13,028 (+2,197%), from €593 to €13,621
of which Trade receivables: +€10,817
- Formation expenses -€2,589
down €2,589 (-100%), from €2,589 to €0
- Reserves +€45,473
new in 2025: €45,473
- Debts after one year +€43,292
new in 2025: €43,292
- Tax, wage and social debts +€22,215
new in 2025: €22,215
- Current portion of long-term debt +€4,284
new in 2025: €4,284
- Trade debts -€2,015
down €2,015 (-81.5%), from €2,472 to €457
- Gross operating margin +€72,493
up €72,493, from -€1,076 to €71,417
- Taxes +€12,876
new in 2025: €12,876
- Depreciation +€7,637
up €7,637 (+5,158%), from €148 to €7,785
- Financial charges +€2,606
new in 2025: €2,606
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 | €8,182 | €122,109 | +€113,927 | +1,392% |
| Formation expenses | 20 | €2,589 | €0 | -€2,589 | -100% |
| Fixed assets | 21/28 | - | €74,621 | +€74,621 | |
| Tangible fixed assets | 22/27 | - | €74,621 | +€74,621 | |
| Other tangible fixed assets | 26 | - | €74,621 | +€74,621 | |
| Current assets | 29/58 | €5,593 | €47,488 | +€41,895 | +749% |
| Amounts receivable within one year | 40/41 | €593 | €13,621 | +€13,028 | +2,197% |
| Trade receivables | 40 | - | €10,817 | +€10,817 | |
| Other amounts receivable | 41 | €593 | €2,804 | +€2,211 | +373% |
| Cash at bank and in hand | 54/58 | €5,000 | €32,745 | +€27,745 | +555% |
| Deferred charges and accrued income | 490/1 | - | €1,122 | +€1,122 | |
| Total equity and liabilities | 10/49 | €8,182 | €122,109 | +€113,927 | +1,392% |
| Equity | 10/15 | €3,776 | €50,473 | +€46,697 | +1,237% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €45,473 | +€45,473 | |
| Distributable reserves | 133 | - | €45,473 | +€45,473 | |
| Profit (loss) carried forward | 14 | -€1,224 | €0 | +€1,224 | |
| Amounts payable | 17/49 | €4,406 | €71,636 | +€67,230 | +1,526% |
| Amounts payable after more than one year | 17 | - | €43,292 | +€43,292 | |
| Financial debts | 170/4 | - | €43,292 | +€43,292 | |
| Amounts payable within one year | 42/48 | €4,256 | €28,344 | +€24,088 | +566% |
| Current portion of amounts payable after more than one year | 42 | - | €4,284 | +€4,284 | |
| Trade debts | 44 | €2,472 | €457 | -€2,015 | -81.5% |
| Suppliers | 440/4 | €2,472 | €457 | -€2,015 | -81.5% |
| Taxes, remuneration and social security | 45 | - | €22,215 | +€22,215 | |
| Taxes | 450/3 | - | €22,215 | +€22,215 | |
| Other amounts payable | 47/48 | €1,784 | €1,388 | -€395 | -22.2% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €7,785 | +€7,637 | +5,158% |
| Other operating charges | 640/8 | - | €64 | +€64 | |
| Gross operating margin | 9900 | -€1,076 | €71,417 | +€72,493 | |
| Operating profit (loss) | 9901 | -€1,224 | €63,568 | +€64,792 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €2,606 | +€2,606 | |
| Recurring financial charges | 65 | - | €2,606 | +€2,606 | |
| Profit (loss) for the period before taxes | 9903 | -€1,224 | €60,962 | +€62,186 | |
| Income taxes | 67/77 | - | €12,876 | +€12,876 | |
| Profit (loss) for the period | 9904 | -€1,224 | €48,086 | +€49,310 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,224 | €48,086 | +€49,310 |
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 24 October 2026 via checked.be.