MERI-TAND: 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.
MERI-TAND
Largest movements
- Cash +€50,786
up €50,786 (+35.1%), from €144,527 to €195,313
mainly Net result for the year (+€53,662) and Tax, wage and social debts (+€11,410)
- Deferred charges and accrued income +€9,659
up €9,659 (+181%), from €5,329 to €14,988
- Reserves +€53,662
up €53,662 (+48.4%), from €110,956 to €164,618
- Tax, wage and social debts +€11,410
up €11,410 (+50.4%), from €22,650 to €34,060
of which Taxes: +€11,410
- Other debts -€5,278
down €5,278 (-39.6%), from €13,319 to €8,041
- Gross operating margin -€11,185
down €11,185 (-13.7%), from €81,816 to €70,631
- Depreciation -€8,152
down €8,152 (-90.5%), from €9,011 to €859
- Taxes -€1,438
down €1,438 (-9.2%), from €15,710 to €14,272
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 | €151,215 | €212,240 | +€61,025 | +40.4% |
| Fixed assets | 21/28 | €1,359 | €1,939 | +€581 | +42.7% |
| Tangible fixed assets | 22/27 | €1,359 | €1,939 | +€581 | +42.7% |
| Plant, machinery and equipment | 23 | €1,359 | €1,939 | +€581 | +42.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €149,856 | €210,301 | +€60,445 | +40.3% |
| Cash at bank and in hand | 54/58 | €144,527 | €195,313 | +€50,786 | +35.1% |
| Deferred charges and accrued income | 490/1 | €5,329 | €14,988 | +€9,659 | +181% |
| Total equity and liabilities | 10/49 | €151,215 | €212,240 | +€61,025 | +40.4% |
| Equity | 10/15 | €113,956 | €167,618 | +€53,662 | +47.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,956 | €164,618 | +€53,662 | +48.4% |
| Distributable reserves | 133 | €110,956 | €164,618 | +€53,662 | +48.4% |
| Amounts payable | 17/49 | €37,259 | €44,622 | +€7,363 | +19.8% |
| Amounts payable within one year | 42/48 | €37,259 | €44,622 | +€7,363 | +19.8% |
| Trade debts | 44 | €1,290 | €2,522 | +€1,231 | +95.4% |
| Suppliers | 440/4 | €1,290 | €2,522 | +€1,231 | +95.4% |
| Taxes, remuneration and social security | 45 | €22,650 | €34,060 | +€11,410 | +50.4% |
| Taxes | 450/3 | €22,650 | €34,060 | +€11,410 | +50.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,319 | €8,041 | -€5,278 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,011 | €859 | -€8,152 | -90.5% |
| Other operating charges | 640/8 | €64 | €465 | +€402 | +630% |
| Non-recurring operating charges | 66A | - | €562 | +€562 | |
| Gross operating margin | 9900 | €81,816 | €70,631 | -€11,185 | -13.7% |
| Operating profit (loss) | 9901 | €72,742 | €68,745 | -€3,997 | -5.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,245 | €811 | -€434 | -34.8% |
| Recurring financial charges | 65 | €1,245 | €811 | -€434 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €71,498 | €67,934 | -€3,564 | -5.0% |
| Income taxes | 67/77 | €15,710 | €14,272 | -€1,438 | -9.2% |
| Profit (loss) for the period | 9904 | €55,788 | €53,662 | -€2,127 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,788 | €53,662 | -€2,127 | -3.8% |
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 27 October 2026 via checked.be.