MERELBEKE C&B: 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.
MERELBEKE C&B
Largest movements
- Stocks and contracts +€15,375
up €15,375 (+9.3%), from €165,221 to €180,596
- Tangible fixed assets +€5,794
up €5,794 (+107%), from €5,422 to €11,216
of which Plant, machinery and equipment: +€6,778
- Deferred charges and accrued income -€2,940
down €2,940 (-73.0%), from €4,028 to €1,088
- Tax, wage and social debts +€21,278
up €21,278 (+88.0%), from €24,188 to €45,467
of which Remuneration and social security: +€19,600
- Trade debts -€5,200
down €5,200 (-8.5%), from €61,036 to €55,836
- Other debts +€2,891
up €2,891 (+3.3%), from €87,405 to €90,296
- Gross operating margin +€540
up €540 (+11.8%), from €4,582 to €5,123
- Other operating charges -€227
down €227 (-18.8%), from €1,210 to €983
- Depreciation +€222
up €222 (+10.2%), from €2,183 to €2,405
- Taxes +€123
up €123 (+43.9%), from €280 to €402
- Financial charges +€115
up €115 (+51.8%), from €222 to €338
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,370 | €202,568 | +€18,198 | +9.9% |
| Fixed assets | 21/28 | €12,922 | €18,716 | +€5,794 | +44.8% |
| Tangible fixed assets | 22/27 | €5,422 | €11,216 | +€5,794 | +107% |
| Plant, machinery and equipment | 23 | - | €6,778 | +€6,778 | |
| Furniture and vehicles | 24 | €5,422 | €4,439 | -€983 | -18.1% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €171,448 | €183,852 | +€12,404 | +7.2% |
| Stocks and contracts in progress | 3 | €165,221 | €180,596 | +€15,375 | +9.3% |
| Stocks | 30/36 | €165,221 | €180,596 | +€15,375 | +9.3% |
| Amounts receivable within one year | 40/41 | - | €1,166 | +€1,166 | |
| Trade receivables | 40 | - | €1,166 | +€1,166 | |
| Cash at bank and in hand | 54/58 | €2,200 | €1,003 | -€1,197 | -54.4% |
| Deferred charges and accrued income | 490/1 | €4,028 | €1,088 | -€2,940 | -73.0% |
| Total equity and liabilities | 10/49 | €184,370 | €202,568 | +€18,198 | +9.9% |
| Equity | 10/15 | €9,975 | €10,969 | +€995 | +10.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,475 | €3,469 | +€995 | +40.2% |
| Amounts payable | 17/49 | €174,395 | €191,599 | +€17,204 | +9.9% |
| Amounts payable within one year | 42/48 | €174,395 | €191,599 | +€17,204 | +9.9% |
| Trade debts | 44 | €61,036 | €55,836 | -€5,200 | -8.5% |
| Suppliers | 440/4 | €61,036 | €55,836 | -€5,200 | -8.5% |
| Advances received on contracts in progress | 46 | €1,766 | - | -€1,766 | |
| Taxes, remuneration and social security | 45 | €24,188 | €45,467 | +€21,278 | +88.0% |
| Taxes | 450/3 | €6,008 | €7,687 | +€1,678 | +27.9% |
| Remuneration and social security | 454/9 | €18,180 | €37,780 | +€19,600 | +108% |
| Other amounts payable | 47/48 | €87,405 | €90,296 | +€2,891 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,183 | €2,405 | +€222 | +10.2% |
| Other operating charges | 640/8 | €1,210 | €983 | -€227 | -18.8% |
| Gross operating margin | 9900 | €4,582 | €5,123 | +€540 | +11.8% |
| Operating profit (loss) | 9901 | €1,190 | €1,735 | +€545 | +45.8% |
| Financial charges | 65/66B | €222 | €338 | +€115 | +51.8% |
| Recurring financial charges | 65 | €222 | €338 | +€115 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €967 | €1,397 | +€430 | +44.4% |
| Income taxes | 67/77 | €280 | €402 | +€123 | +43.9% |
| Profit (loss) for the period | 9904 | €688 | €995 | +€307 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €688 | €995 | +€307 | +44.7% |
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 21 October 2026 via checked.be.