MERCURY NAVIGATOR SERVICES: 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 NAVIGATOR SERVICES
Largest movements
- Cash -€21,944
down €21,944 (-30.7%), from €71,552 to €49,607
mainly Investment in fixed assets (net) (-€33,339) and Deferred charges and accrued income (-€9,000)
- Tangible fixed assets +€17,148
up €17,148 (+29.3%), from €58,455 to €75,603
of which Furniture and vehicles: +€19,590
- Receivables within one year -€12,886
down €12,886 (-69.9%), from €18,448 to €5,562
of which Trade receivables: -€7,249
- Deferred charges and accrued income +€9,000
new in 2025: €9,000
- Tax, wage and social debts -€6,376
down €6,376 (-80.8%), from €7,892 to €1,515
- Reserves -€2,341
down €2,341 (-1.7%), from €136,593 to €134,252
- Gross operating margin -€77,269
down €77,269 (-80.4%), from €96,087 to €18,818
- Taxes -€19,576
down €19,576 (-96.1%), from €20,369 to €793
- Depreciation +€1,107
up €1,107 (+7.3%), from €15,084 to €16,191
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 | €148,455 | €139,772 | -€8,682 | -5.8% |
| Fixed assets | 21/28 | €58,455 | €75,603 | +€17,148 | +29.3% |
| Tangible fixed assets | 22/27 | €58,455 | €75,603 | +€17,148 | +29.3% |
| Furniture and vehicles | 24 | €39,277 | €58,867 | +€19,590 | +49.9% |
| Other tangible fixed assets | 26 | €19,178 | €16,736 | -€2,442 | -12.7% |
| Current assets | 29/58 | €90,000 | €64,169 | -€25,830 | -28.7% |
| Amounts receivable within one year | 40/41 | €18,448 | €5,562 | -€12,886 | -69.9% |
| Trade receivables | 40 | €9,741 | €2,492 | -€7,249 | -74.4% |
| Other amounts receivable | 41 | €8,707 | €3,070 | -€5,637 | -64.7% |
| Cash at bank and in hand | 54/58 | €71,552 | €49,607 | -€21,944 | -30.7% |
| Deferred charges and accrued income | 490/1 | - | €9,000 | +€9,000 | |
| Total equity and liabilities | 10/49 | €148,455 | €139,772 | -€8,682 | -5.8% |
| Equity | 10/15 | €139,593 | €137,252 | -€2,341 | -1.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €136,593 | €134,252 | -€2,341 | -1.7% |
| Distributable reserves | 133 | €136,593 | €134,252 | -€2,341 | -1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,862 | €2,520 | -€6,342 | -71.6% |
| Amounts payable within one year | 42/48 | €8,862 | €2,520 | -€6,342 | -71.6% |
| Trade debts | 44 | €971 | €1,005 | +€35 | +3.6% |
| Suppliers | 440/4 | €971 | €1,005 | +€35 | +3.6% |
| Taxes, remuneration and social security | 45 | €7,892 | €1,515 | -€6,376 | -80.8% |
| Taxes | 450/3 | €7,892 | €1,515 | -€6,376 | -80.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,873 | €0 | -€2,873 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,084 | €16,191 | +€1,107 | +7.3% |
| Other operating charges | 640/8 | €501 | €591 | +€90 | +17.9% |
| Gross operating margin | 9900 | €96,087 | €18,818 | -€77,269 | -80.4% |
| Operating profit (loss) | 9901 | €80,501 | €2,036 | -€78,466 | -97.5% |
| Financial income | 75/76B | €0 | €77 | +€77 | +769800.0% |
| Recurring financial income | 75 | €0 | €77 | +€77 | +769800.0% |
| Financial charges | 65/66B | €155 | €160 | +€6 | +3.7% |
| Recurring financial charges | 65 | €155 | €160 | +€6 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €80,347 | €1,952 | -€78,394 | -97.6% |
| Income taxes | 67/77 | €20,369 | €793 | -€19,576 | -96.1% |
| Profit (loss) for the period | 9904 | €59,978 | €1,159 | -€58,818 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,978 | €1,159 | -€58,818 | -98.1% |
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 11 October 2026 via checked.be.