MERCY: what changed
Two fiscal 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.
MERCY
Largest movements
- Receivables after one year +€27,910
up €27,910 (+2.2%), from €1.3m to €1.3m
- Tangible fixed assets -€21,147
down €21,147 (-3.9%), from €535,455 to €514,309
of which Land and buildings: -€17,337
- Reserves +€58,679
up €58,679 (+14.4%), from €408,828 to €467,508
of which Distributable reserves: +€58,679
- Tax, wage and social debts -€24,417
down €24,417 (-44.3%), from €55,160 to €30,743
of which Taxes: -€24,417
- Short-term financial debts -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Gross operating margin -€33,827
down €33,827 (-29.7%), from €114,004 to €80,177
- Financial income -€29,925
down €29,925 (-46.2%), from €64,744 to €34,819
- Taxes -€20,453
down €20,453 (-46.0%), from €44,481 to €24,028
- Other operating charges -€4,757
down €4,757 (-72.4%), from €6,570 to €1,814
- Financial charges -€1,842
down €1,842 (-21.2%), from €8,693 to €6,851
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 | €1,842,067 | €1,847,415 | +€5,347 | +0.3% |
| Fixed assets | 21/28 | €535,505 | €514,358 | -€21,147 | -3.9% |
| Tangible fixed assets | 22/27 | €535,455 | €514,309 | -€21,147 | -3.9% |
| Land and buildings | 22 | €494,263 | €476,926 | -€17,337 | -3.5% |
| Other tangible fixed assets | 26 | €41,193 | €37,382 | -€3,810 | -9.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,306,562 | €1,333,056 | +€26,494 | +2.0% |
| Amounts receivable after more than one year | 29 | €1,257,069 | €1,284,978 | +€27,910 | +2.2% |
| Other amounts receivable | 291 | €1,257,069 | €1,284,978 | +€27,910 | +2.2% |
| Amounts receivable within one year | 40/41 | €15,641 | €15,641 | = | 0.0% |
| Trade receivables | 40 | €15,641 | €15,641 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,017 | €32,437 | -€580 | -1.8% |
| Deferred charges and accrued income | 490/1 | €835 | €0 | -€835 | -100.0% |
| Total equity and liabilities | 10/49 | €1,842,067 | €1,847,415 | +€5,347 | +0.3% |
| Equity | 10/15 | €1,035,663 | €1,094,343 | +€58,679 | +5.7% |
| Contributions | 10/11 | €18,982 | €18,982 | = | 0.0% |
| Reserves | 13 | €408,828 | €467,508 | +€58,679 | +14.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €140,124 | €140,124 | = | 0.0% |
| Distributable reserves | 133 | €266,704 | €325,384 | +€58,679 | +22.0% |
| Profit (loss) carried forward | 14 | €607,853 | €607,853 | = | 0.0% |
| Provisions and deferred taxes | 16 | €375,918 | €375,918 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €323,043 | €323,043 | = | 0.0% |
| Pensions and similar obligations | 160 | €323,043 | €323,043 | = | 0.0% |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €52,875 | €52,875 | = | 0.0% |
| Amounts payable | 17/49 | €430,486 | €377,154 | -€53,332 | -12.4% |
| Amounts payable after more than one year | 17 | €200,328 | €188,476 | -€11,852 | -5.9% |
| Financial debts | 170/4 | €200,328 | €188,476 | -€11,852 | -5.9% |
| Amounts payable within one year | 42/48 | €230,158 | €188,678 | -€41,480 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €29,435 | €41,505 | +€12,070 | +41.0% |
| Financial debts | 43 | €20,000 | €0 | -€20,000 | -100.0% |
| Credit institutions | 430/8 | €20,000 | €0 | -€20,000 | -100.0% |
| Trade debts | 44 | €20,563 | €11,430 | -€9,133 | -44.4% |
| Suppliers | 440/4 | €20,563 | €11,430 | -€9,133 | -44.4% |
| Taxes, remuneration and social security | 45 | €55,160 | €30,743 | -€24,417 | -44.3% |
| Taxes | 450/3 | €55,160 | €30,743 | -€24,417 | -44.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €105,000 | €105,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,486 | €23,624 | +€138 | +0.6% |
| Other operating charges | 640/8 | €6,570 | €1,814 | -€4,757 | -72.4% |
| Gross operating margin | 9900 | €114,004 | €80,177 | -€33,827 | -29.7% |
| Operating profit (loss) | 9901 | €83,948 | €54,739 | -€29,208 | -34.8% |
| Financial income | 75/76B | €64,744 | €34,819 | -€29,925 | -46.2% |
| Recurring financial income | 75 | €64,744 | €34,819 | -€29,925 | -46.2% |
| Financial charges | 65/66B | €8,693 | €6,851 | -€1,842 | -21.2% |
| Recurring financial charges | 65 | €8,693 | €6,851 | -€1,842 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €139,998 | €82,707 | -€57,291 | -40.9% |
| Transfer from deferred taxes | 780 | €3,398 | €0 | -€3,398 | -100.0% |
| Income taxes | 67/77 | €44,481 | €24,028 | -€20,453 | -46.0% |
| Profit (loss) for the period | 9904 | €98,915 | €58,679 | -€40,236 | -40.7% |
| Transfer from tax-exempt reserves | 789 | €6,596 | €0 | -€6,596 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,511 | €58,679 | -€46,832 | -44.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.