MERCURY MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€33,462
up €33,462 (+75.3%), from €44,423 to €77,884
mainly Other debts (+€119,468) and Net result for the year (+€45,334)
- Receivables within one year +€23,627
up €23,627 (+135%), from €17,487 to €41,114
of which Trade receivables: +€23,504
- Tangible fixed assets -€22,222
down €22,222 (-24.2%), from €91,653 to €69,431
of which Furniture and vehicles: -€21,780
- Other debts +€119,468
up €119,468 (+3,495%), from €3,418 to €122,887
- Reserves -€72,313
down €72,313 (-80.7%), from €89,553 to €17,240
- Tax, wage and social debts -€12,609
down €12,609 (-35.8%), from €35,242 to €22,632
- Gross operating margin +€20,701
up €20,701 (+34.7%), from €59,619 to €80,320
- Depreciation +€6,315
up €6,315 (+39.7%), from €15,907 to €22,222
- Other operating charges -€4,758
down €4,758 (-87.0%), from €5,468 to €710
- Taxes +€4,108
up €4,108 (+52.0%), from €7,906 to €12,014
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 | €154,888 | €189,064 | +€34,176 | +22.1% |
| Fixed assets | 21/28 | €91,653 | €69,431 | -€22,222 | -24.2% |
| Tangible fixed assets | 22/27 | €91,653 | €69,431 | -€22,222 | -24.2% |
| Plant, machinery and equipment | 23 | €1,173 | €731 | -€442 | -37.7% |
| Furniture and vehicles | 24 | €90,480 | €68,700 | -€21,780 | -24.1% |
| Current assets | 29/58 | €63,235 | €119,633 | +€56,398 | +89.2% |
| Amounts receivable within one year | 40/41 | €17,487 | €41,114 | +€23,627 | +135% |
| Trade receivables | 40 | €17,424 | €40,928 | +€23,504 | +135% |
| Other amounts receivable | 41 | €63 | €186 | +€123 | +195% |
| Cash at bank and in hand | 54/58 | €44,423 | €77,884 | +€33,462 | +75.3% |
| Deferred charges and accrued income | 490/1 | €1,325 | €635 | -€690 | -52.1% |
| Total equity and liabilities | 10/49 | €154,888 | €189,064 | +€34,176 | +22.1% |
| Equity | 10/15 | €114,553 | €42,240 | -€72,313 | -63.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €89,553 | €17,240 | -€72,313 | -80.7% |
| Distributable reserves | 133 | €89,553 | €17,240 | -€72,313 | -80.7% |
| Amounts payable | 17/49 | €40,335 | €146,824 | +€106,489 | +264% |
| Amounts payable within one year | 42/48 | €40,335 | €146,824 | +€106,489 | +264% |
| Trade debts | 44 | €1,675 | €1,305 | -€370 | -22.1% |
| Suppliers | 440/4 | €1,675 | €1,305 | -€370 | -22.1% |
| Taxes, remuneration and social security | 45 | €35,242 | €22,632 | -€12,609 | -35.8% |
| Taxes | 450/3 | €35,242 | €22,632 | -€12,609 | -35.8% |
| Other amounts payable | 47/48 | €3,418 | €122,887 | +€119,468 | +3,495% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,907 | €22,222 | +€6,315 | +39.7% |
| Other operating charges | 640/8 | €5,468 | €710 | -€4,758 | -87.0% |
| Gross operating margin | 9900 | €59,619 | €80,320 | +€20,701 | +34.7% |
| Operating profit (loss) | 9901 | €38,244 | €57,388 | +€19,144 | +50.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €46 | €40 | -€6 | -12.1% |
| Recurring financial charges | 65 | €46 | €40 | -€6 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €38,198 | €57,348 | +€19,150 | +50.1% |
| Income taxes | 67/77 | €7,906 | €12,014 | +€4,108 | +52.0% |
| Profit (loss) for the period | 9904 | €30,292 | €45,334 | +€15,042 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,292 | €45,334 | +€15,042 | +49.7% |
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 24 October 2026 via checked.be.