MERGAERTS OPTIEK: 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.
MERGAERTS OPTIEK
Largest movements
- Receivables within one year -€9,358
no longer reported in 2025 (was €9,358)
of which Other amounts receivable: -€5,000
- Stocks and contracts -€8,562
down €8,562 (-11.7%), from €73,355 to €64,793
- Other debts -€27,500
down €27,500 (-55.0%), from €50,000 to €22,500
- Trade debts +€5,954
up €5,954 (+172%), from €3,470 to €9,424
- Tax, wage and social debts +€1,884
up €1,884 (+37.6%), from €5,007 to €6,891
- Reserves +€1,704
up €1,704 (+11.9%), from €14,371 to €16,075
- Gross operating margin +€8,856
up €8,856 (+247%), from €3,588 to €12,444
- Depreciation +€8,016
up €8,016 (+2,702%), from €297 to €8,313
- Taxes +€1,084
up €1,084 (+115%), from €941 to €2,025
- Financial charges -€208
down €208 (-19.7%), from €1,053 to €845
- Financial income +€169
up €169 (+20.2%), from €838 to €1,007
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 | €123,413 | €105,204 | -€18,209 | -14.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,310 | €1,743 | -€568 | -24.6% |
| Tangible fixed assets | 22/27 | €2,310 | €1,743 | -€568 | -24.6% |
| Plant, machinery and equipment | 23 | €2,310 | €1,743 | -€568 | -24.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €121,103 | €103,461 | -€17,641 | -14.6% |
| Stocks and contracts in progress | 3 | €73,355 | €64,793 | -€8,562 | -11.7% |
| Stocks | 30/36 | €73,355 | €64,793 | -€8,562 | -11.7% |
| Amounts receivable within one year | 40/41 | €9,358 | - | -€9,358 | |
| Trade receivables | 40 | €4,358 | - | -€4,358 | |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €38,390 | €38,668 | +€278 | +0.7% |
| Total equity and liabilities | 10/49 | €123,413 | €105,204 | -€18,209 | -14.8% |
| Equity | 10/15 | €64,371 | €66,075 | +€1,704 | +2.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Uncalled capital | 101 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,371 | €16,075 | +€1,704 | +11.9% |
| Distributable reserves | 133 | €14,371 | €16,075 | +€1,704 | +11.9% |
| Amounts payable | 17/49 | €59,042 | €39,129 | -€19,913 | -33.7% |
| Amounts payable within one year | 42/48 | €58,477 | €38,815 | -€19,662 | -33.6% |
| Trade debts | 44 | €3,470 | €9,424 | +€5,954 | +172% |
| Suppliers | 440/4 | €3,470 | €9,424 | +€5,954 | +172% |
| Taxes, remuneration and social security | 45 | €5,007 | €6,891 | +€1,884 | +37.6% |
| Taxes | 450/3 | €5,007 | €6,891 | +€1,884 | +37.6% |
| Other amounts payable | 47/48 | €50,000 | €22,500 | -€27,500 | -55.0% |
| Accrued charges and deferred income | 492/3 | €565 | €314 | -€251 | -44.4% |
| Non-recurring operating income | 76A | €10,128 | - | -€10,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €8,313 | +€8,016 | +2,702% |
| Other operating charges | 640/8 | €653 | €564 | -€90 | -13.7% |
| Gross operating margin | 9900 | €3,588 | €12,444 | +€8,856 | +247% |
| Operating profit (loss) | 9901 | €2,638 | €3,567 | +€930 | +35.2% |
| Financial income | 75/76B | €838 | €1,007 | +€169 | +20.2% |
| Recurring financial income | 75 | €838 | €1,007 | +€169 | +20.2% |
| Financial charges | 65/66B | €1,053 | €845 | -€208 | -19.7% |
| Recurring financial charges | 65 | €1,053 | €845 | -€208 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €2,423 | €3,729 | +€1,306 | +53.9% |
| Income taxes | 67/77 | €941 | €2,025 | +€1,084 | +115% |
| Profit (loss) for the period | 9904 | €1,482 | €1,704 | +€222 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,482 | €1,704 | +€222 | +15.0% |
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 31 October 2026 via checked.be.