MEREL: 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.
MEREL
Largest movements
- Receivables within one year +€3,408
up €3,408 (+52110.9%), from €7 to €3,415
of which Trade receivables: +€3,415
- Cash +€462
up €462 (+11.8%), from €3,906 to €4,368
mainly Net result for the year (+€33,942) and Tax, wage and social debts (+€340)
- Profit (loss) carried forward +€33,942
up €33,942 (+40.4%), from -€84,090 to -€50,148
- Other debts -€28,189
down €28,189 (-39.7%), from €71,093 to €42,904
- Trade debts -€1,500
down €1,500 (-50.0%), from €3,000 to €1,500
- Accrued charges and deferred income -€723
down €723 (-100.0%), from €723 to €0
- Tax, wage and social debts +€340
up €340 (+39.5%), from €861 to €1,202
- Gross operating margin +€6,131
up €6,131 (+21.5%), from €28,520 to €34,651
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 | €3,986 | €7,858 | +€3,872 | +97.1% |
| Current assets | 29/58 | €3,986 | €7,858 | +€3,872 | +97.1% |
| Amounts receivable within one year | 40/41 | €7 | €3,415 | +€3,408 | +52110.9% |
| Trade receivables | 40 | €0 | €3,415 | +€3,415 | |
| Other amounts receivable | 41 | €7 | €0 | -€7 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,906 | €4,368 | +€462 | +11.8% |
| Deferred charges and accrued income | 490/1 | €74 | €75 | +€1 | +1.7% |
| Total equity and liabilities | 10/49 | €3,986 | €7,858 | +€3,872 | +97.1% |
| Equity | 10/15 | -€71,690 | -€37,748 | +€33,942 | +47.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,090 | -€50,148 | +€33,942 | +40.4% |
| Amounts payable | 17/49 | €75,676 | €45,606 | -€30,071 | -39.7% |
| Amounts payable within one year | 42/48 | €74,954 | €45,606 | -€29,348 | -39.2% |
| Trade debts | 44 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Suppliers | 440/4 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Taxes, remuneration and social security | 45 | €861 | €1,202 | +€340 | +39.5% |
| Taxes | 450/3 | €861 | €1,202 | +€340 | +39.5% |
| Other amounts payable | 47/48 | €71,093 | €42,904 | -€28,189 | -39.7% |
| Accrued charges and deferred income | 492/3 | €723 | €0 | -€723 | -100.0% |
| Other operating charges | 640/8 | €900 | €559 | -€341 | -37.9% |
| Gross operating margin | 9900 | €28,520 | €34,651 | +€6,131 | +21.5% |
| Operating profit (loss) | 9901 | €27,620 | €34,092 | +€6,472 | +23.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €120 | €150 | +€30 | +25.0% |
| Recurring financial charges | 65 | €120 | €150 | +€30 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €27,500 | €33,942 | +€6,442 | +23.4% |
| Profit (loss) for the period | 9904 | €27,500 | €33,942 | +€6,442 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,500 | €33,942 | +€6,442 | +23.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.