MERIC: 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.
MERIC
Largest movements
- Receivables within one year -€21,691
down €21,691 (-33.6%), from €64,619 to €42,928
of which Other amounts receivable: -€20,681
- Cash +€15,385
up €15,385 (+38.5%), from €39,977 to €55,362
mainly Receivables within one year (+€21,691) and Depreciation (+€9,421)
- Financial fixed assets -€12,500
down €12,500 (-9.3%), from €134,430 to €121,930
- Tangible fixed assets -€3,676
down €3,676 (-19.8%), from €18,599 to €14,924
of which Furniture and vehicles: -€1,865
- Reserves -€15,630
down €15,630 (-10.8%), from €144,769 to €129,139
- Debts after one year -€14,061
down €14,061 (-21.1%), from €66,549 to €52,488
- Trade debts +€6,761
up €6,761 (+231%), from €2,932 to €9,693
- Financial charges +€14,071
up €14,071 (+427%), from €3,293 to €17,363
of which Non-recurring financial charges: +€11,759
- Gross operating margin -€8,928
down €8,928 (-30.7%), from €29,058 to €20,130
- Financial income +€3,233
up €3,233 (+24.1%), from €13,432 to €16,664
- Other operating charges +€2,125
up €2,125 (+126%), from €1,688 to €3,813
- Taxes -€2,051
down €2,051 (-71.3%), from €2,878 to €827
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,690 | €264,046 | -€22,644 | -7.9% |
| Fixed assets | 21/28 | €153,029 | €136,854 | -€16,176 | -10.6% |
| Tangible fixed assets | 22/27 | €18,599 | €14,924 | -€3,676 | -19.8% |
| Plant, machinery and equipment | 23 | €4,866 | €3,055 | -€1,811 | -37.2% |
| Furniture and vehicles | 24 | €7,733 | €5,868 | -€1,865 | -24.1% |
| Other tangible fixed assets | 26 | €6,000 | €6,000 | = | 0.0% |
| Financial fixed assets | 28 | €134,430 | €121,930 | -€12,500 | -9.3% |
| Current assets | 29/58 | €133,661 | €127,192 | -€6,468 | -4.8% |
| Amounts receivable within one year | 40/41 | €64,619 | €42,928 | -€21,691 | -33.6% |
| Trade receivables | 40 | €24,000 | €22,990 | -€1,010 | -4.2% |
| Other amounts receivable | 41 | €40,619 | €19,938 | -€20,681 | -50.9% |
| Current investments | 50/53 | €2,890 | €2,890 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,977 | €55,362 | +€15,385 | +38.5% |
| Deferred charges and accrued income | 490/1 | €26,174 | €26,013 | -€162 | -0.6% |
| Total equity and liabilities | 10/49 | €286,690 | €264,046 | -€22,644 | -7.9% |
| Equity | 10/15 | €166,054 | €150,424 | -€15,630 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,769 | €129,139 | -€15,630 | -10.8% |
| Distributable reserves | 133 | €144,769 | €129,139 | -€15,630 | -10.8% |
| Profit (loss) carried forward | 14 | €2,685 | €2,685 | = | 0.0% |
| Amounts payable | 17/49 | €120,636 | €113,622 | -€7,014 | -5.8% |
| Amounts payable after more than one year | 17 | €66,549 | €52,488 | -€14,061 | -21.1% |
| Financial debts | 170/4 | €66,549 | €52,488 | -€14,061 | -21.1% |
| Amounts payable within one year | 42/48 | €54,087 | €61,134 | +€7,048 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €14,093 | €14,061 | -€32 | -0.2% |
| Financial debts | 43 | €325 | - | -€325 | |
| Credit institutions | 430/8 | €325 | - | -€325 | |
| Trade debts | 44 | €2,932 | €9,693 | +€6,761 | +231% |
| Suppliers | 440/4 | €2,932 | €9,693 | +€6,761 | +231% |
| Taxes, remuneration and social security | 45 | €9,913 | €8,649 | -€1,264 | -12.7% |
| Taxes | 450/3 | €9,913 | €8,649 | -€1,264 | -12.7% |
| Other amounts payable | 47/48 | €26,824 | €28,731 | +€1,906 | +7.1% |
| Non-recurring operating income | 76A | €7,692 | - | -€7,692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,188 | €9,421 | +€1,233 | +15.1% |
| Other operating charges | 640/8 | €1,688 | €3,813 | +€2,125 | +126% |
| Gross operating margin | 9900 | €29,058 | €20,130 | -€8,928 | -30.7% |
| Operating profit (loss) | 9901 | €19,182 | €6,896 | -€12,286 | -64.0% |
| Financial income | 75/76B | €13,432 | €16,664 | +€3,233 | +24.1% |
| Recurring financial income | 75 | €13,432 | €16,664 | +€3,233 | +24.1% |
| Financial charges | 65/66B | €3,293 | €17,363 | +€14,071 | +427% |
| Recurring financial charges | 65 | €3,293 | €5,604 | +€2,311 | +70.2% |
| Non-recurring financial charges | 66B | - | €11,759 | +€11,759 | |
| Profit (loss) for the period before taxes | 9903 | €29,321 | €6,197 | -€23,124 | -78.9% |
| Income taxes | 67/77 | €2,878 | €827 | -€2,051 | -71.3% |
| Profit (loss) for the period | 9904 | €26,443 | €5,370 | -€21,073 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,443 | €5,370 | -€21,073 | -79.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.