Mercyah: 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.
Mercyah
Largest movements
- Receivables within one year -€3.4m
down €3.4m (-99.8%), from €3.4m to €6,151
of which Other amounts receivable: -€3.4m
- Current investments -€500,611
down €500,611 (-10.7%), from €4.7m to €4.2m
- Profit (loss) carried forward -€3.9m
down €3.9m (-158.0%), from -€2.5m to -€6.4m
- Other debts +€204,699
up €204,699 (+1.7%), from €11.8m to €12.0m
- Write-downs +€3.4m
new in 2025: €3.4m
- Financial charges -€1.6m
down €1.6m (-76.0%), from €2.1m to €512,502
- Depreciation +€31,391
up €31,391 (+48.3%), from €64,969 to €96,361
- Other operating charges +€15,166
up €15,166 (+257.1%), from €5,898 to €21,064
- Staff costs +€14,667
up €14,667 (+78.3%), from €18,738 to €33,405
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 | €10,214,321 | €6,457,118 | -€3.8m | -36.8% |
| Fixed assets | 21/28 | €2,190,937 | €2,288,196 | +€97,260 | +4.4% |
| Tangible fixed assets | 22/27 | €2,190,937 | €2,288,196 | +€97,260 | +4.4% |
| Land and buildings | 22 | €2,189,219 | €2,287,084 | +€97,865 | +4.5% |
| Furniture and vehicles | 24 | €1,717 | €1,112 | -€605 | -35.2% |
| Current assets | 29/58 | €8,023,385 | €4,168,922 | -€3.9m | -48.0% |
| Amounts receivable within one year | 40/41 | €3,365,562 | €6,151 | -€3.4m | -99.8% |
| Trade receivables | 40 | - | €5,328 | +€5,328 | |
| Other amounts receivable | 41 | €3,365,562 | €822 | -€3.4m | -100.0% |
| Current investments | 50/53 | €4,657,681 | €4,157,070 | -€500,611 | -10.7% |
| Cash at bank and in hand | 54/58 | €141 | €5,701 | +€5,560 | +3938.4% |
| Total equity and liabilities | 10/49 | €10,214,321 | €6,457,118 | -€3.8m | -36.8% |
| Equity | 10/15 | -€2,276,436 | -€6,189,571 | -€3.9m | -171.9% |
| Contributions | 10/11 | €200,001 | €200,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,476,437 | -€6,389,572 | -€3.9m | -158.0% |
| Amounts payable | 17/49 | €12,490,758 | €12,646,689 | +€155,931 | +1.2% |
| Amounts payable after more than one year | 17 | €609,841 | €572,136 | -€37,705 | -6.2% |
| Financial debts | 170/4 | €609,841 | €572,136 | -€37,705 | -6.2% |
| Amounts payable within one year | 42/48 | €11,876,167 | €12,065,984 | +€189,817 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €37,040 | €37,705 | +€665 | +1.8% |
| Trade debts | 44 | €19,677 | €8,856 | -€10,822 | -55.0% |
| Suppliers | 440/4 | €19,677 | €8,856 | -€10,822 | -55.0% |
| Taxes, remuneration and social security | 45 | €7,384 | €2,658 | -€4,725 | -64.0% |
| Remuneration and social security | 454/9 | €7,384 | €2,658 | -€4,725 | -64.0% |
| Other amounts payable | 47/48 | €11,812,066 | €12,016,765 | +€204,699 | +1.7% |
| Accrued charges and deferred income | 492/3 | €4,749 | €8,569 | +€3,820 | +80.4% |
| Remuneration, social security and pensions | 62 | €18,738 | €33,405 | +€14,667 | +78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,969 | €96,361 | +€31,391 | +48.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,365,562 | +€3.4m | |
| Other operating charges | 640/8 | €5,898 | €21,064 | +€15,166 | +257.1% |
| Gross operating margin | 9900 | €109,800 | €115,759 | +€5,960 | +5.4% |
| Operating profit (loss) | 9901 | €20,195 | -€3,400,632 | -€3.4m | |
| Financial income | 75/76B | €355 | €0 | -€355 | -100.0% |
| Recurring financial income | 75 | €355 | €0 | -€355 | -100.0% |
| Financial charges | 65/66B | €2,135,551 | €512,502 | -€1.6m | -76.0% |
| Recurring financial charges | 65 | €2,135,551 | €512,502 | -€1.6m | -76.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,115,001 | -€3,913,134 | -€1.8m | -85.0% |
| Profit (loss) for the period | 9904 | -€2,115,001 | -€3,913,134 | -€1.8m | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,115,001 | -€3,913,134 | -€1.8m | -85.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.