MERDITAS: 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.
MERDITAS
Largest movements
- Tangible fixed assets -€13,994
down €13,994 (-92.8%), from €15,082 to €1,088
of which Furniture and vehicles: -€12,754
- Cash +€2,422
up €2,422 (+35.5%), from €6,817 to €9,239
mainly Depreciation (+€13,994) and Tax, wage and social debts (+€6,402)
- Deferred charges and accrued income +€1,215
up €1,215 (+283.1%), from €429 to €1,644
- Receivables within one year -€646
down €646 (-12.3%), from €5,241 to €4,594
of which Other amounts receivable: -€2,537
- Other debts -€6,934
down €6,934 (-46.4%), from €14,959 to €8,025
- Debts after one year -€6,834
no longer reported in 2025 (was €6,834)
- Tax, wage and social debts +€6,402
up €6,402 (+1040.5%), from €615 to €7,017
- Current portion of long-term debt -€5,073
down €5,073 (-42.6%), from €11,907 to €6,834
- Trade debts +€920
up €920 (+108.2%), from €850 to €1,770
- Depreciation -€8,071
down €8,071 (-36.6%), from €22,065 to €13,994
- Taxes +€4,125
up €4,125 (+369.8%), from €1,115 to €5,240
- Financial income +€1,999
new in 2025: €1,999
- Financial charges -€575
down €575 (-52.3%), from €1,100 to €525
- Other operating charges +€415
up €415 (+15.4%), from €2,695 to €3,109
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 | €27,569 | €16,566 | -€11,003 | -39.9% |
| Fixed assets | 21/28 | €15,082 | €1,088 | -€13,994 | -92.8% |
| Tangible fixed assets | 22/27 | €15,082 | €1,088 | -€13,994 | -92.8% |
| Plant, machinery and equipment | 23 | €2,328 | €1,088 | -€1,240 | -53.3% |
| Furniture and vehicles | 24 | €12,754 | €0 | -€12,754 | -100.0% |
| Current assets | 29/58 | €12,487 | €15,477 | +€2,991 | +24.0% |
| Amounts receivable within one year | 40/41 | €5,241 | €4,594 | -€646 | -12.3% |
| Trade receivables | 40 | €703 | €2,594 | +€1,891 | +268.9% |
| Other amounts receivable | 41 | €4,537 | €2,000 | -€2,537 | -55.9% |
| Cash at bank and in hand | 54/58 | €6,817 | €9,239 | +€2,422 | +35.5% |
| Deferred charges and accrued income | 490/1 | €429 | €1,644 | +€1,215 | +283.1% |
| Total equity and liabilities | 10/49 | €27,569 | €16,566 | -€11,003 | -39.9% |
| Equity | 10/15 | -€7,597 | -€7,081 | +€516 | +6.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,597 | -€12,081 | +€516 | +4.1% |
| Amounts payable | 17/49 | €35,166 | €23,647 | -€11,519 | -32.8% |
| Amounts payable after more than one year | 17 | €6,834 | - | -€6,834 | |
| Financial debts | 170/4 | €6,834 | - | -€6,834 | |
| Amounts payable within one year | 42/48 | €28,332 | €23,647 | -€4,685 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €11,907 | €6,834 | -€5,073 | -42.6% |
| Trade debts | 44 | €850 | €1,770 | +€920 | +108.2% |
| Suppliers | 440/4 | €850 | €1,770 | +€920 | +108.2% |
| Taxes, remuneration and social security | 45 | €615 | €7,017 | +€6,402 | +1040.5% |
| Taxes | 450/3 | €615 | €7,017 | +€6,402 | +1040.5% |
| Other amounts payable | 47/48 | €14,959 | €8,025 | -€6,934 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,065 | €13,994 | -€8,071 | -36.6% |
| Other operating charges | 640/8 | €2,695 | €3,109 | +€415 | +15.4% |
| Gross operating margin | 9900 | €21,737 | €21,385 | -€351 | -1.6% |
| Operating profit (loss) | 9901 | -€3,023 | €4,282 | +€7,305 | |
| Financial income | 75/76B | - | €1,999 | +€1,999 | |
| Recurring financial income | 75 | - | €1,999 | +€1,999 | |
| Financial charges | 65/66B | €1,100 | €525 | -€575 | -52.3% |
| Recurring financial charges | 65 | €1,100 | €525 | -€575 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,124 | €5,756 | +€9,880 | |
| Income taxes | 67/77 | €1,115 | €5,240 | +€4,125 | +369.8% |
| Profit (loss) for the period | 9904 | -€5,239 | €516 | +€5,755 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,239 | €516 | +€5,755 |
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.