MERISCO: 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.
MERISCO
Largest movements
- Cash -€145,419
down €145,419 (-77.3%), from €188,234 to €42,815
mainly Contributions, distributions and other (-€150,000) and Current investments (-€11,295)
- Current investments +€11,295
up €11,295 (+5.9%), from €189,858 to €201,153
- Receivables within one year -€4,551
down €4,551 (-32.2%), from €14,151 to €9,600
of which Trade receivables: -€4,580
- Contributions -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Profit (loss) carried forward +€17,379
up €17,379 (+55.6%), from €31,237 to €48,617
- Tax, wage and social debts -€4,940
down €4,940 (-56.6%), from €8,733 to €3,793
- Gross operating margin -€15,579
down €15,579 (-36.3%), from €42,892 to €27,313
- Taxes -€4,816
down €4,816 (-37.8%), from €12,752 to €7,936
- Financial income -€3,227
down €3,227 (-68.1%), from €4,736 to €1,509
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 | €396,268 | €259,167 | -€137,101 | -34.6% |
| Fixed assets | 21/28 | €1,793 | €4,479 | +€2,687 | +149.9% |
| Tangible fixed assets | 22/27 | €1,793 | €4,479 | +€2,687 | +149.9% |
| Furniture and vehicles | 24 | €1,793 | €4,479 | +€2,687 | +149.9% |
| Current assets | 29/58 | €394,476 | €254,688 | -€139,788 | -35.4% |
| Amounts receivable within one year | 40/41 | €14,151 | €9,600 | -€4,551 | -32.2% |
| Trade receivables | 40 | €14,151 | €9,571 | -€4,580 | -32.4% |
| Other amounts receivable | 41 | - | €29 | +€29 | |
| Current investments | 50/53 | €189,858 | €201,153 | +€11,295 | +5.9% |
| Cash at bank and in hand | 54/58 | €188,234 | €42,815 | -€145,419 | -77.3% |
| Deferred charges and accrued income | 490/1 | €2,233 | €1,120 | -€1,113 | -49.9% |
| Total equity and liabilities | 10/49 | €396,268 | €259,167 | -€137,101 | -34.6% |
| Equity | 10/15 | €385,437 | €252,816 | -€132,621 | -34.4% |
| Contributions | 10/11 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Outside capital | 11 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Other | 1109/19 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Reserves | 13 | €104,199 | €104,199 | = | 0.0% |
| Tax-exempt reserves | 132 | €488 | €488 | = | 0.0% |
| Distributable reserves | 133 | €103,711 | €103,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,237 | €48,617 | +€17,379 | +55.6% |
| Amounts payable | 17/49 | €10,832 | €6,351 | -€4,480 | -41.4% |
| Amounts payable within one year | 42/48 | €10,832 | €6,351 | -€4,480 | -41.4% |
| Financial debts | 43 | - | €1,054 | +€1,054 | |
| Credit institutions | 430/8 | - | €1,054 | +€1,054 | |
| Trade debts | 44 | €1,633 | €970 | -€662 | -40.6% |
| Suppliers | 440/4 | €1,633 | €970 | -€662 | -40.6% |
| Taxes, remuneration and social security | 45 | €8,733 | €3,793 | -€4,940 | -56.6% |
| Taxes | 450/3 | €8,733 | €3,793 | -€4,940 | -56.6% |
| Other amounts payable | 47/48 | €466 | €535 | +€68 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511 | €520 | +€9 | +1.7% |
| Other operating charges | 640/8 | €2,446 | €2,368 | -€78 | -3.2% |
| Gross operating margin | 9900 | €42,892 | €27,313 | -€15,579 | -36.3% |
| Operating profit (loss) | 9901 | €39,936 | €24,426 | -€15,510 | -38.8% |
| Financial income | 75/76B | €4,736 | €1,509 | -€3,227 | -68.1% |
| Recurring financial income | 75 | €4,736 | €1,509 | -€3,227 | -68.1% |
| Financial charges | 65/66B | €683 | €620 | -€63 | -9.2% |
| Recurring financial charges | 65 | €683 | €620 | -€63 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €43,989 | €25,315 | -€18,674 | -42.5% |
| Income taxes | 67/77 | €12,752 | €7,936 | -€4,816 | -37.8% |
| Profit (loss) for the period | 9904 | €31,237 | €17,379 | -€13,858 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,237 | €17,379 | -€13,858 | -44.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.