MERHABA: 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.
MERHABA
Largest movements
- Stocks and contracts -€1,629
down €1,629 (-32.2%), from €5,066 to €3,437
- Cash +€122
up €122 (+16.0%), from €762 to €885
mainly Net result for the year (+€6,889) and Stocks and contracts (+€1,629)
- Profit (loss) carried forward +€6,889
up €6,889 (+11.1%), from -€62,314 to -€55,425
- Other debts -€5,099
down €5,099 (-17.8%), from €28,616 to €23,517
- Tax, wage and social debts -€1,782
down €1,782 (-60.7%), from €2,935 to €1,153
of which Remuneration and social security: -€1,935
- Trade debts -€1,536
down €1,536 (-64.0%), from €2,401 to €865
- Gross operating margin +€3,893
up €3,893 (+98.2%), from €3,965 to €7,858
- Other operating charges -€139
down €139 (-15.1%), from €916 to €778
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 | €5,850 | €4,322 | -€1,528 | -26.1% |
| Current assets | 29/58 | €5,850 | €4,322 | -€1,528 | -26.1% |
| Stocks and contracts in progress | 3 | €5,066 | €3,437 | -€1,629 | -32.2% |
| Stocks | 30/36 | €5,066 | €3,437 | -€1,629 | -32.2% |
| Amounts receivable within one year | 40/41 | €21 | - | -€21 | |
| Other amounts receivable | 41 | €21 | - | -€21 | |
| Cash at bank and in hand | 54/58 | €762 | €885 | +€122 | +16.0% |
| Total equity and liabilities | 10/49 | €5,850 | €4,322 | -€1,528 | -26.1% |
| Equity | 10/15 | -€28,102 | -€21,213 | +€6,889 | +24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,012 | €28,012 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,152 | €26,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,314 | -€55,425 | +€6,889 | +11.1% |
| Amounts payable | 17/49 | €33,952 | €25,535 | -€8,417 | -24.8% |
| Amounts payable within one year | 42/48 | €33,952 | €25,535 | -€8,417 | -24.8% |
| Trade debts | 44 | €2,401 | €865 | -€1,536 | -64.0% |
| Suppliers | 440/4 | €2,401 | €865 | -€1,536 | -64.0% |
| Taxes, remuneration and social security | 45 | €2,935 | €1,153 | -€1,782 | -60.7% |
| Taxes | 450/3 | - | €153 | +€153 | |
| Remuneration and social security | 454/9 | €2,935 | €1,000 | -€1,935 | -65.9% |
| Other amounts payable | 47/48 | €28,616 | €23,517 | -€5,099 | -17.8% |
| Other operating charges | 640/8 | €916 | €778 | -€139 | -15.1% |
| Gross operating margin | 9900 | €3,965 | €7,858 | +€3,893 | +98.2% |
| Operating profit (loss) | 9901 | €3,049 | €7,081 | +€4,032 | +132.2% |
| Financial charges | 65/66B | €165 | €192 | +€27 | +16.5% |
| Recurring financial charges | 65 | €165 | €192 | +€27 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €2,884 | €6,889 | +€4,005 | +138.8% |
| Profit (loss) for the period | 9904 | €2,884 | €6,889 | +€4,005 | +138.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,884 | €6,889 | +€4,005 | +138.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.