Merelbeke FIT: 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 FIT
Largest movements
- Receivables after one year +€15,000
new in 2025: €15,000
- Tangible fixed assets -€6,505
down €6,505 (-12.1%), from €53,726 to €47,221
of which Furniture and vehicles: -€5,702
- Cash -€4,663
down €4,663 (-48.7%), from €9,576 to €4,913
mainly Other debts (-€50,723) and Receivables after one year (-€15,000)
- Other debts -€50,723
down €50,723 (-98.6%), from €51,438 to €715
- Debts after one year +€35,821
up €35,821 (+445%), from €8,049 to €43,869
- Current portion of long-term debt +€7,568
up €7,568 (+63.0%), from €12,009 to €19,576
- Profit (loss) carried forward +€6,572
up €6,572 (+28.0%), from -€23,474 to -€16,902
- Tax, wage and social debts +€4,940
up €4,940 (+80.7%), from €6,123 to €11,062
- Depreciation -€32,077
down €32,077 (-93.7%), from €34,220 to €2,143
- Gross operating margin -€22,333
down €22,333 (-54.4%), from €41,081 to €18,748
- Taxes +€2,117
up €2,117 (+146%), from €1,451 to €3,568
- Financial charges +€1,403
up €1,403 (+346%), from €405 to €1,808
- Other operating charges +€689
up €689 (+100%), from €687 to €1,376
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 | €93,961 | €97,217 | +€3,256 | +3.5% |
| Fixed assets | 21/28 | €53,751 | €47,246 | -€6,505 | -12.1% |
| Tangible fixed assets | 22/27 | €53,726 | €47,221 | -€6,505 | -12.1% |
| Furniture and vehicles | 24 | €45,938 | €40,236 | -€5,702 | -12.4% |
| Other tangible fixed assets | 26 | €7,788 | €6,985 | -€803 | -10.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €40,210 | €49,972 | +€9,761 | +24.3% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €30,608 | €29,846 | -€763 | -2.5% |
| Trade receivables | 40 | €16,614 | €28,413 | +€11,799 | +71.0% |
| Other amounts receivable | 41 | €13,994 | €1,432 | -€12,562 | -89.8% |
| Cash at bank and in hand | 54/58 | €9,576 | €4,913 | -€4,663 | -48.7% |
| Deferred charges and accrued income | 490/1 | €26 | €214 | +€187 | +713% |
| Total equity and liabilities | 10/49 | €93,961 | €97,217 | +€3,256 | +3.5% |
| Equity | 10/15 | €13,384 | €19,956 | +€6,572 | +49.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,858 | €16,858 | = | 0.0% |
| Distributable reserves | 133 | €16,858 | €16,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,474 | -€16,902 | +€6,572 | +28.0% |
| Amounts payable | 17/49 | €80,577 | €77,262 | -€3,315 | -4.1% |
| Amounts payable after more than one year | 17 | €8,049 | €43,869 | +€35,821 | +445% |
| Financial debts | 170/4 | €8,049 | €43,869 | +€35,821 | +445% |
| Amounts payable within one year | 42/48 | €72,528 | €33,392 | -€39,136 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €12,009 | €19,576 | +€7,568 | +63.0% |
| Financial debts | 43 | €246 | €652 | +€406 | +165% |
| Credit institutions | 430/8 | €246 | €652 | +€406 | +165% |
| Trade debts | 44 | €2,713 | €1,387 | -€1,325 | -48.9% |
| Suppliers | 440/4 | €2,713 | €1,387 | -€1,325 | -48.9% |
| Taxes, remuneration and social security | 45 | €6,123 | €11,062 | +€4,940 | +80.7% |
| Taxes | 450/3 | €6,123 | €11,062 | +€4,940 | +80.7% |
| Other amounts payable | 47/48 | €51,438 | €715 | -€50,723 | -98.6% |
| Non-recurring operating income | 76A | €0 | €8,800 | +€8,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,220 | €2,143 | -€32,077 | -93.7% |
| Other operating charges | 640/8 | €687 | €1,376 | +€689 | +100% |
| Non-recurring operating charges | 66A | €4,651 | €3,417 | -€1,234 | -26.5% |
| Gross operating margin | 9900 | €41,081 | €18,748 | -€22,333 | -54.4% |
| Operating profit (loss) | 9901 | €1,523 | €11,812 | +€10,289 | +676% |
| Financial income | 75/76B | €0 | €136 | +€136 | +1,355,900% |
| Recurring financial income | 75 | €0 | €136 | +€136 | +1,355,900% |
| Financial charges | 65/66B | €405 | €1,808 | +€1,403 | +346% |
| Recurring financial charges | 65 | €405 | €1,808 | +€1,403 | +346% |
| Profit (loss) for the period before taxes | 9903 | €1,117 | €10,139 | +€9,022 | +807% |
| Income taxes | 67/77 | €1,451 | €3,568 | +€2,117 | +146% |
| Profit (loss) for the period | 9904 | -€333 | €6,572 | +€6,905 | |
| Profit (loss) for the period to be appropriated | 9905 | -€333 | €6,572 | +€6,905 |
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 25 October 2026 via checked.be.