MERISTO: 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.
MERISTO
Largest movements
- Cash -€11,091
down €11,091 (-25.3%), from €43,834 to €32,743
mainly Trade debts (-€27,130) and Net result for the year (-€19,043)
- Tangible fixed assets -€7,615
down €7,615 (-12.9%), from €59,084 to €51,469
of which Furniture and vehicles: -€4,511
- Stocks and contracts -€5,350
down €5,350 (-11.1%), from €48,111 to €42,761
- Receivables within one year -€4,847
down €4,847 (-57.7%), from €8,402 to €3,556
of which Other amounts receivable: -€5,942
- Other debts +€30,407
up €30,407 (+47.4%), from €64,096 to €94,503
- Trade debts -€27,130
down €27,130 (-40.3%), from €67,299 to €40,168
- Profit (loss) carried forward -€19,043
down €19,043 (-31.4%), from -€60,645 to -€79,688
- Debts after one year -€5,957
down €5,957 (-39.8%), from €14,970 to €9,013
- Accrued charges and deferred income -€5,660
no longer reported in 2025 (was €5,660)
- Staff costs +€31,241
up €31,241 (+17.9%), from €174,975 to €206,217
- Gross operating margin +€20,879
up €20,879 (+10.0%), from €209,346 to €230,225
- Other operating charges -€5,441
down €5,441 (-28.7%), from €18,955 to €13,514
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 | €169,360 | €141,295 | -€28,065 | -16.6% |
| Fixed assets | 21/28 | €60,895 | €53,280 | -€7,615 | -12.5% |
| Tangible fixed assets | 22/27 | €59,084 | €51,469 | -€7,615 | -12.9% |
| Plant, machinery and equipment | 23 | €791 | €508 | -€283 | -35.8% |
| Furniture and vehicles | 24 | €38,254 | €33,743 | -€4,511 | -11.8% |
| Other tangible fixed assets | 26 | €20,040 | €17,218 | -€2,822 | -14.1% |
| Financial fixed assets | 28 | €1,811 | €1,811 | = | 0.0% |
| Current assets | 29/58 | €108,464 | €88,015 | -€20,449 | -18.9% |
| Stocks and contracts in progress | 3 | €48,111 | €42,761 | -€5,350 | -11.1% |
| Stocks | 30/36 | €48,111 | €42,761 | -€5,350 | -11.1% |
| Amounts receivable within one year | 40/41 | €8,402 | €3,556 | -€4,847 | -57.7% |
| Trade receivables | 40 | €1,019 | €2,115 | +€1,095 | +107% |
| Other amounts receivable | 41 | €7,383 | €1,441 | -€5,942 | -80.5% |
| Cash at bank and in hand | 54/58 | €43,834 | €32,743 | -€11,091 | -25.3% |
| Deferred charges and accrued income | 490/1 | €8,118 | €8,955 | +€838 | +10.3% |
| Total equity and liabilities | 10/49 | €169,360 | €141,295 | -€28,065 | -16.6% |
| Equity | 10/15 | -€37,785 | -€56,828 | -€19,043 | -50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,260 | €4,260 | = | 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% |
| Distributable reserves | 133 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,645 | -€79,688 | -€19,043 | -31.4% |
| Amounts payable | 17/49 | €207,144 | €198,122 | -€9,022 | -4.4% |
| Amounts payable after more than one year | 17 | €14,970 | €9,013 | -€5,957 | -39.8% |
| Financial debts | 170/4 | €14,970 | €9,013 | -€5,957 | -39.8% |
| Amounts payable within one year | 42/48 | €186,514 | €189,110 | +€2,595 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €12,234 | €13,063 | +€829 | +6.8% |
| Trade debts | 44 | €67,299 | €40,168 | -€27,130 | -40.3% |
| Suppliers | 440/4 | €67,299 | €40,168 | -€27,130 | -40.3% |
| Advances received on contracts in progress | 46 | €2,216 | €4,176 | +€1,960 | +88.4% |
| Taxes, remuneration and social security | 45 | €40,670 | €37,200 | -€3,470 | -8.5% |
| Taxes | 450/3 | €7,130 | €8,169 | +€1,040 | +14.6% |
| Remuneration and social security | 454/9 | €33,540 | €29,030 | -€4,510 | -13.4% |
| Other amounts payable | 47/48 | €64,096 | €94,503 | +€30,407 | +47.4% |
| Accrued charges and deferred income | 492/3 | €5,660 | - | -€5,660 | |
| Remuneration, social security and pensions | 62 | €174,975 | €206,217 | +€31,241 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,421 | €16,995 | +€575 | +3.5% |
| Other operating charges | 640/8 | €18,955 | €13,514 | -€5,441 | -28.7% |
| Non-recurring operating charges | 66A | - | €8,049 | +€8,049 | |
| Gross operating margin | 9900 | €209,346 | €230,225 | +€20,879 | +10.0% |
| Operating profit (loss) | 9901 | -€1,005 | -€14,551 | -€13,546 | -1,348% |
| Financial income | 75/76B | €322 | €2,074 | +€1,751 | +543% |
| Recurring financial income | 75 | €322 | €74 | -€249 | -77.2% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €5,300 | €6,229 | +€928 | +17.5% |
| Recurring financial charges | 65 | €5,300 | €6,229 | +€928 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,983 | -€18,706 | -€12,724 | -213% |
| Income taxes | 67/77 | €484 | €337 | -€148 | -30.5% |
| Profit (loss) for the period | 9904 | -€6,467 | -€19,043 | -€12,576 | -194% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,467 | -€19,043 | -€12,576 | -194% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.