MERIT CONSULTING: 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.
MERIT CONSULTING
Largest movements
- Current investments +€42,704
up €42,704 (+34.0%), from €125,546 to €168,250
- Cash +€39,833
up €39,833 (+6.4%), from €624,947 to €664,780
mainly Net result for the year (+€106,288) and Accrued charges and deferred income (+€30,143)
- Accrued charges and deferred income +€30,143
up €30,143 (+45.7%), from €66,006 to €96,148
- Reserves +€22,788
up €22,788 (+3.2%), from €703,413 to €726,200
- Tax, wage and social debts +€18,936
up €18,936 (+125%), from €15,196 to €34,133
of which Taxes: +€12,136
- Gross operating margin -€3,389
down €3,389 (-2.2%), from €156,861 to €153,472
- Financial income +€2,145
up €2,145 (+12.0%), from €17,953 to €20,098
- Taxes -€1,777
down €1,777 (-3.9%), from €45,149 to €43,372
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 | €936,195 | €1,013,961 | +€77,766 | +8.3% |
| Fixed assets | 21/28 | €129,869 | €123,974 | -€5,895 | -4.5% |
| Tangible fixed assets | 22/27 | €129,869 | €123,974 | -€5,895 | -4.5% |
| Land and buildings | 22 | €115,279 | €109,596 | -€5,683 | -4.9% |
| Furniture and vehicles | 24 | €354 | €1,440 | +€1,086 | +307% |
| Other tangible fixed assets | 26 | €14,237 | €12,938 | -€1,299 | -9.1% |
| Current assets | 29/58 | €806,326 | €889,987 | +€83,661 | +10.4% |
| Amounts receivable within one year | 40/41 | €49,511 | €50,016 | +€504 | +1.0% |
| Trade receivables | 40 | €49,511 | €49,939 | +€427 | +0.9% |
| Other amounts receivable | 41 | - | €77 | +€77 | |
| Current investments | 50/53 | €125,546 | €168,250 | +€42,704 | +34.0% |
| Cash at bank and in hand | 54/58 | €624,947 | €664,780 | +€39,833 | +6.4% |
| Deferred charges and accrued income | 490/1 | €6,322 | €6,941 | +€620 | +9.8% |
| Total equity and liabilities | 10/49 | €936,195 | €1,013,961 | +€77,766 | +8.3% |
| Equity | 10/15 | €716,937 | €739,725 | +€22,788 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €703,413 | €726,200 | +€22,788 | +3.2% |
| Distributable reserves | 133 | €703,413 | €726,200 | +€22,788 | +3.2% |
| Profit (loss) carried forward | 14 | €7,325 | €7,325 | = | 0.0% |
| Amounts payable | 17/49 | €219,258 | €274,236 | +€54,978 | +25.1% |
| Amounts payable within one year | 42/48 | €153,252 | €178,088 | +€24,836 | +16.2% |
| Trade debts | 44 | €1,414 | €8,734 | +€7,321 | +518% |
| Suppliers | 440/4 | €1,414 | €8,734 | +€7,321 | +518% |
| Taxes, remuneration and social security | 45 | €15,196 | €34,133 | +€18,936 | +125% |
| Taxes | 450/3 | €15,196 | €27,333 | +€12,136 | +79.9% |
| Remuneration and social security | 454/9 | - | €6,800 | +€6,800 | |
| Other amounts payable | 47/48 | €136,642 | €135,221 | -€1,421 | -1.0% |
| Accrued charges and deferred income | 492/3 | €66,006 | €96,148 | +€30,143 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,865 | €7,548 | -€317 | -4.0% |
| Other operating charges | 640/8 | €2,632 | €2,947 | +€316 | +12.0% |
| Gross operating margin | 9900 | €156,861 | €153,472 | -€3,389 | -2.2% |
| Operating profit (loss) | 9901 | €146,364 | €142,977 | -€3,387 | -2.3% |
| Financial income | 75/76B | €17,953 | €20,098 | +€2,145 | +12.0% |
| Recurring financial income | 75 | €17,953 | €20,098 | +€2,145 | +12.0% |
| Financial charges | 65/66B | €14,485 | €13,416 | -€1,070 | -7.4% |
| Recurring financial charges | 65 | €14,485 | €13,416 | -€1,070 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €149,832 | €149,660 | -€172 | -0.1% |
| Income taxes | 67/77 | €45,149 | €43,372 | -€1,777 | -3.9% |
| Profit (loss) for the period | 9904 | €104,683 | €106,288 | +€1,605 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €104,683 | €106,288 | +€1,605 | +1.5% |
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.