Merit Solutions: 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.
Merit Solutions
Largest movements
- Cash -€90,205
down €90,205 (-73.5%), from €122,671 to €32,466
mainly Contributions, distributions and other (-€188,933) and Tax, wage and social debts (-€14,014)
- Tangible fixed assets -€5,844
down €5,844 (-41.7%), from €14,030 to €8,186
- Receivables within one year +€4,889
up €4,889 (+18.0%), from €27,151 to €32,040
- Reserves -€128,055
down €128,055 (-92.8%), from €138,055 to €10,000
- Other debts +€51,048
up €51,048 (+5838.9%), from €874 to €51,922
- Tax, wage and social debts -€14,014
down €14,014 (-54.7%), from €25,619 to €11,605
of which Taxes: -€14,031
- Gross operating margin +€6,107
up €6,107 (+7.7%), from €79,364 to €85,471
- Taxes +€1,139
up €1,139 (+7.5%), from €15,289 to €16,428
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 | €165,864 | €74,737 | -€91,127 | -54.9% |
| Fixed assets | 21/28 | €14,030 | €8,186 | -€5,844 | -41.7% |
| Tangible fixed assets | 22/27 | €14,030 | €8,186 | -€5,844 | -41.7% |
| Furniture and vehicles | 24 | €14,030 | €8,186 | -€5,844 | -41.7% |
| Current assets | 29/58 | €151,834 | €66,551 | -€85,282 | -56.2% |
| Amounts receivable within one year | 40/41 | €27,151 | €32,040 | +€4,889 | +18.0% |
| Trade receivables | 40 | €27,151 | €32,040 | +€4,889 | +18.0% |
| Cash at bank and in hand | 54/58 | €122,671 | €32,466 | -€90,205 | -73.5% |
| Deferred charges and accrued income | 490/1 | €2,011 | €2,045 | +€34 | +1.7% |
| Total equity and liabilities | 10/49 | €165,864 | €74,737 | -€91,127 | -54.9% |
| Equity | 10/15 | €138,175 | €10,120 | -€128,055 | -92.7% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €138,055 | €10,000 | -€128,055 | -92.8% |
| Distributable reserves | 133 | €138,055 | €10,000 | -€128,055 | -92.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,689 | €64,617 | +€36,928 | +133.4% |
| Amounts payable within one year | 42/48 | €27,669 | €64,597 | +€36,928 | +133.5% |
| Trade debts | 44 | €1,176 | €1,070 | -€105 | -9.0% |
| Suppliers | 440/4 | €1,176 | €1,070 | -€105 | -9.0% |
| Taxes, remuneration and social security | 45 | €25,619 | €11,605 | -€14,014 | -54.7% |
| Taxes | 450/3 | €22,577 | €8,546 | -€14,031 | -62.1% |
| Remuneration and social security | 454/9 | €3,042 | €3,059 | +€17 | +0.6% |
| Other amounts payable | 47/48 | €874 | €51,922 | +€51,048 | +5838.9% |
| Accrued charges and deferred income | 492/3 | €20 | €20 | +€0 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,808 | €7,331 | +€523 | +7.7% |
| Other operating charges | 640/8 | €738 | €760 | +€22 | +3.0% |
| Gross operating margin | 9900 | €79,364 | €85,471 | +€6,107 | +7.7% |
| Operating profit (loss) | 9901 | €71,818 | €77,379 | +€5,562 | +7.7% |
| Financial income | 75/76B | €1 | €1 | +€1 | +180.0% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +180.0% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +0.7% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €71,744 | €77,306 | +€5,562 | +7.8% |
| Income taxes | 67/77 | €15,289 | €16,428 | +€1,139 | +7.5% |
| Profit (loss) for the period | 9904 | €56,455 | €60,878 | +€4,423 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,455 | €60,878 | +€4,423 | +7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.