MERIUSBI: 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.
MERIUSBI
Largest movements
- Tangible fixed assets +€25,827
up €25,827 (+181%), from €14,258 to €40,085
of which Leasing and similar rights: +€23,203
- Cash -€23,388
down €23,388 (-15.0%), from €156,110 to €132,722
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€37,067)
- Receivables after one year -€13,800
down €13,800 (-100%), from €13,800 to €0
- Receivables within one year -€7,163
down €7,163 (-14.4%), from €49,801 to €42,638
of which Trade receivables: -€12,728
- Profit (loss) carried forward -€111,355
down €111,355 (-75.2%), from €148,114 to €36,759
- Other debts +€83,266
up €83,266 (+132%), from €62,994 to €146,261
- Debts after one year +€14,928
up €14,928 (+1,798%), from €830 to €15,758
- Tax, wage and social debts -€12,289
down €12,289 (-66.9%), from €18,381 to €6,092
- Current portion of long-term debt +€7,415
up €7,415 (+610%), from €1,215 to €8,629
- Financial charges +€58,983
up €58,983 (+12,470%), from €473 to €59,456
- Gross operating margin -€21,201
down €21,201 (-25.3%), from €83,876 to €62,675
- Taxes -€16,997
down €16,997 (-97.7%), from €17,393 to €395
- Depreciation +€6,080
up €6,080 (+118%), from €5,159 to €11,239
- Other operating charges +€2,195
up €2,195 (+295%), from €744 to €2,939
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 | €235,495 | €217,760 | -€17,735 | -7.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €14,358 | €40,185 | +€25,827 | +180% |
| Tangible fixed assets | 22/27 | €14,258 | €40,085 | +€25,827 | +181% |
| Furniture and vehicles | 24 | €4,087 | €8,234 | +€4,147 | +101% |
| Leasing and similar rights | 25 | - | €23,203 | +€23,203 | |
| Other tangible fixed assets | 26 | €10,171 | €8,649 | -€1,522 | -15.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €221,138 | €177,575 | -€43,562 | -19.7% |
| Amounts receivable after more than one year | 29 | €13,800 | €0 | -€13,800 | -100% |
| Other amounts receivable | 291 | €13,800 | €0 | -€13,800 | -100% |
| Amounts receivable within one year | 40/41 | €49,801 | €42,638 | -€7,163 | -14.4% |
| Trade receivables | 40 | €44,346 | €31,618 | -€12,728 | -28.7% |
| Other amounts receivable | 41 | €5,455 | €11,019 | +€5,565 | +102% |
| Cash at bank and in hand | 54/58 | €156,110 | €132,722 | -€23,388 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,427 | €2,215 | +€789 | +55.3% |
| Total equity and liabilities | 10/49 | €235,495 | €217,760 | -€17,735 | -7.5% |
| Equity | 10/15 | €151,114 | €39,759 | -€111,355 | -73.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,114 | €36,759 | -€111,355 | -75.2% |
| Amounts payable | 17/49 | €84,381 | €178,001 | +€93,620 | +111% |
| Amounts payable after more than one year | 17 | €830 | €15,758 | +€14,928 | +1,798% |
| Financial debts | 170/4 | €830 | €15,758 | +€14,928 | +1,798% |
| Amounts payable within one year | 42/48 | €83,551 | €162,243 | +€78,692 | +94.2% |
| Current portion of amounts payable after more than one year | 42 | €1,215 | €8,629 | +€7,415 | +610% |
| Trade debts | 44 | €961 | €1,261 | +€300 | +31.2% |
| Suppliers | 440/4 | €961 | €1,261 | +€300 | +31.2% |
| Taxes, remuneration and social security | 45 | €18,381 | €6,092 | -€12,289 | -66.9% |
| Taxes | 450/3 | €18,381 | €6,092 | -€12,289 | -66.9% |
| Other amounts payable | 47/48 | €62,994 | €146,261 | +€83,266 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,159 | €11,239 | +€6,080 | +118% |
| Other operating charges | 640/8 | €744 | €2,939 | +€2,195 | +295% |
| Gross operating margin | 9900 | €83,876 | €62,675 | -€21,201 | -25.3% |
| Operating profit (loss) | 9901 | €77,973 | €48,496 | -€29,477 | -37.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €473 | €59,456 | +€58,983 | +12,470% |
| Recurring financial charges | 65 | €473 | €59,456 | +€58,983 | +12,470% |
| Profit (loss) for the period before taxes | 9903 | €77,500 | -€10,960 | -€88,460 | |
| Income taxes | 67/77 | €17,393 | €395 | -€16,997 | -97.7% |
| Profit (loss) for the period | 9904 | €60,108 | -€11,355 | -€71,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,108 | -€11,355 | -€71,463 |
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 20 October 2026 via checked.be.