MEREG: 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.
What changed
MEREG
NACE 46.499, Wholesale of other household goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€55,312
2024 · €2,004+€53,308
Equity
€641,029
2024 · €585,717+€55,312
Cash
€20,347
2024 · €19,328+€1,020
Balance sheet total
€1.5m
2024 · €1.5m+€22,879
Largest movements
Assets
- Receivables within one year +€21,368
up €21,368 (+2.0%), from €1.1m to €1.1m
of which Trade receivables: +€108,510
- Stocks and contracts +€20,176
up €20,176 (+6.8%), from €295,386 to €315,562
Equity and liabilities
- Profit (loss) carried forward +€55,312
up €55,312 (+21.7%), from €254,936 to €310,248
- Trade debts -€37,148
down €37,148 (-5.8%), from €644,344 to €607,196
- Other debts +€17,227
up €17,227 (+51.5%), from €33,468 to €50,695
Income statement
- Gross operating margin +€104,424
up €104,424 (+16.0%), from €652,493 to €756,917
- Taxes +€28,013
up €28,013 (+2,510%), from €1,116 to €29,129
- Staff costs +€21,244
up €21,244 (+3.5%), from €601,906 to €623,150
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.
Result 2024
€2,004
Gross operating margin
+€104,424
Staff costs
-€21,244
Depreciation
-€451
Other operating charges
+€128
Financial income
+€517
Financial charges
-€2,052
Taxes
-€28,013
Result 2025
€55,312
raises the resultlowers the result
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.
From operations
+€21,895
Investment
-€5,250
Financing
-€15,625
Cash 2024
€19,328
From operations (derived)
+€21,895
Net result for the year
+€55,312
Depreciation
+€16,023
Stocks and contracts
-€20,176
Receivables within one year
-€21,368
Deferred charges and accrued income
+€8,912
Trade debts
-€37,148
Tax, wage and social debts
+€3,112
Other debts
+€17,227
Investment (derived)
-€5,250
Investment in fixed assets (net)
-€5,250
Financing
-€15,625
Debts after one year
-€2,392
Current portion of long-term debt
-€13,233
Cash 2025
€20,347
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,462,873 | €1,485,752 | +€22,879 | +1.6% |
| Fixed assets | 21/28 | €76,366 | €65,593 | -€10,773 | -14.1% |
| Tangible fixed assets | 22/27 | €58,922 | €48,149 | -€10,773 | -18.3% |
| Land and buildings | 22 | €32,749 | €32,207 | -€542 | -1.7% |
| Plant, machinery and equipment | 23 | €18,833 | €13,342 | -€5,491 | -29.2% |
| Furniture and vehicles | 24 | €7,340 | €2,600 | -€4,740 | -64.6% |
| Financial fixed assets | 28 | €17,444 | €17,444 | = | 0.0% |
| Current assets | 29/58 | €1,386,508 | €1,420,160 | +€33,652 | +2.4% |
| Stocks and contracts in progress | 3 | €295,386 | €315,562 | +€20,176 | +6.8% |
| Stocks | 30/36 | €295,386 | €315,562 | +€20,176 | +6.8% |
| Amounts receivable within one year | 40/41 | €1,061,326 | €1,082,694 | +€21,368 | +2.0% |
| Trade receivables | 40 | €511,440 | €619,950 | +€108,510 | +21.2% |
| Other amounts receivable | 41 | €549,886 | €462,744 | -€87,142 | -15.8% |
| Cash at bank and in hand | 54/58 | €19,328 | €20,347 | +€1,020 | +5.3% |
| Deferred charges and accrued income | 490/1 | €10,469 | €1,556 | -€8,912 | -85.1% |
| Total equity and liabilities | 10/49 | €1,462,873 | €1,485,752 | +€22,879 | +1.6% |
| Equity | 10/15 | €585,717 | €641,029 | +€55,312 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312,181 | €312,181 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,145 | €4,145 | = | 0.0% |
| Distributable reserves | 133 | €308,036 | €308,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,936 | €310,248 | +€55,312 | +21.7% |
| Amounts payable | 17/49 | €877,157 | €844,724 | -€32,433 | -3.7% |
| Amounts payable after more than one year | 17 | €6,423 | €4,031 | -€2,392 | -37.2% |
| Financial debts | 170/4 | €6,423 | €4,031 | -€2,392 | -37.2% |
| Amounts payable within one year | 42/48 | €870,734 | €840,693 | -€30,041 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €15,625 | €2,392 | -€13,233 | -84.7% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €644,344 | €607,196 | -€37,148 | -5.8% |
| Suppliers | 440/4 | €644,344 | €607,196 | -€37,148 | -5.8% |
| Taxes, remuneration and social security | 45 | €77,297 | €80,410 | +€3,112 | +4.0% |
| Taxes | 450/3 | €59,311 | €55,022 | -€4,289 | -7.2% |
| Remuneration and social security | 454/9 | €17,986 | €25,388 | +€7,401 | +41.2% |
| Other amounts payable | 47/48 | €33,468 | €50,695 | +€17,227 | +51.5% |
| Non-recurring operating income | 76A | €904 | €0 | -€904 | -100% |
| Remuneration, social security and pensions | 62 | €601,906 | €623,150 | +€21,244 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,572 | €16,023 | +€451 | +2.9% |
| Other operating charges | 640/8 | €12,098 | €11,970 | -€128 | -1.1% |
| Gross operating margin | 9900 | €652,493 | €756,917 | +€104,424 | +16.0% |
| Operating profit (loss) | 9901 | €22,917 | €105,774 | +€82,857 | +362% |
| Financial income | 75/76B | €1,117 | €1,634 | +€517 | +46.3% |
| Recurring financial income | 75 | €1,117 | €1,634 | +€517 | +46.3% |
| Financial charges | 65/66B | €20,914 | €22,966 | +€2,052 | +9.8% |
| Recurring financial charges | 65 | €20,914 | €22,966 | +€2,052 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €3,120 | €84,441 | +€81,322 | +2,607% |
| Income taxes | 67/77 | €1,116 | €29,129 | +€28,013 | +2,510% |
| Profit (loss) for the period | 9904 | €2,004 | €55,312 | +€53,308 | +2,661% |
| Profit (loss) for the period to be appropriated | 9905 | €2,004 | €55,312 | +€53,308 | +2,661% |
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 26 October 2026 via checked.be.