MERGITS T. SERVICES: 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.
MERGITS T. SERVICES
Largest movements
- Tangible fixed assets -€22,116
down €22,116 (-32.7%), from €67,573 to €45,457
of which Furniture and vehicles: -€11,127
- Cash +€18,492
up €18,492 (+41.7%), from €44,347 to €62,839
mainly Depreciation (+€26,333) and Net result for the year (+€22,334)
- Receivables within one year +€17,082
up €17,082 (+172%), from €9,946 to €27,029
of which Trade receivables: +€16,080
- Reserves +€22,334
up €22,334 (+28.2%), from €79,298 to €101,633
- Trade debts -€6,611
down €6,611 (-62.4%), from €10,592 to €3,981
- Debts after one year -€6,193
down €6,193 (-80.1%), from €7,731 to €1,538
- Tax, wage and social debts +€3,086
up €3,086 (+21.7%), from €14,190 to €17,276
of which Taxes: +€3,086
- Gross operating margin +€30,835
up €30,835 (+97.0%), from €31,799 to €62,634
- Taxes +€8,907
up €8,907 (+332%), from €2,685 to €11,592
- Depreciation +€2,851
up €2,851 (+12.1%), from €23,482 to €26,333
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 | €122,748 | €135,530 | +€12,782 | +10.4% |
| Fixed assets | 21/28 | €67,573 | €45,457 | -€22,116 | -32.7% |
| Tangible fixed assets | 22/27 | €67,573 | €45,457 | -€22,116 | -32.7% |
| Plant, machinery and equipment | 23 | €10,554 | €7,265 | -€3,289 | -31.2% |
| Furniture and vehicles | 24 | €41,617 | €30,490 | -€11,127 | -26.7% |
| Leasing and similar rights | 25 | €15,402 | €7,701 | -€7,701 | -50.0% |
| Current assets | 29/58 | €55,175 | €90,073 | +€34,898 | +63.2% |
| Amounts receivable within one year | 40/41 | €9,946 | €27,029 | +€17,082 | +172% |
| Trade receivables | 40 | €9,946 | €26,026 | +€16,080 | +162% |
| Other amounts receivable | 41 | - | €1,003 | +€1,003 | |
| Cash at bank and in hand | 54/58 | €44,347 | €62,839 | +€18,492 | +41.7% |
| Deferred charges and accrued income | 490/1 | €882 | €206 | -€676 | -76.7% |
| Total equity and liabilities | 10/49 | €122,748 | €135,530 | +€12,782 | +10.4% |
| Equity | 10/15 | €84,298 | €106,633 | +€22,334 | +26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,298 | €101,633 | +€22,334 | +28.2% |
| Distributable reserves | 133 | €79,298 | €101,633 | +€22,334 | +28.2% |
| Amounts payable | 17/49 | €38,450 | €28,898 | -€9,553 | -24.8% |
| Amounts payable after more than one year | 17 | €7,731 | €1,538 | -€6,193 | -80.1% |
| Financial debts | 170/4 | €7,731 | €1,538 | -€6,193 | -80.1% |
| Amounts payable within one year | 42/48 | €30,719 | €27,359 | -€3,359 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €5,750 | €6,055 | +€304 | +5.3% |
| Trade debts | 44 | €10,592 | €3,981 | -€6,611 | -62.4% |
| Suppliers | 440/4 | €10,592 | €3,981 | -€6,611 | -62.4% |
| Taxes, remuneration and social security | 45 | €14,190 | €17,276 | +€3,086 | +21.7% |
| Taxes | 450/3 | €11,190 | €14,276 | +€3,086 | +27.6% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €186 | €48 | -€139 | -74.5% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,482 | €26,333 | +€2,851 | +12.1% |
| Other operating charges | 640/8 | €2,349 | €1,882 | -€467 | -19.9% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €31,799 | €62,634 | +€30,835 | +97.0% |
| Operating profit (loss) | 9901 | €5,969 | €34,419 | +€28,451 | +477% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €952 | €518 | -€434 | -45.6% |
| Recurring financial charges | 65 | €952 | €518 | -€434 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €5,017 | €33,926 | +€28,909 | +576% |
| Income taxes | 67/77 | €2,685 | €11,592 | +€8,907 | +332% |
| Profit (loss) for the period | 9904 | €2,332 | €22,334 | +€20,002 | +858% |
| Profit (loss) for the period to be appropriated | 9905 | €2,332 | €22,334 | +€20,002 | +858% |
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.