MERIVA: 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.
MERIVA
Largest movements
- Cash +€44,579
up €44,579 (+76.7%), from €58,132 to €102,710
mainly Trade debts (+€28,978) and Depreciation (+€16,293)
- Tangible fixed assets -€16,504
down €16,504 (-40.0%), from €41,305 to €24,801
- Receivables within one year +€6,711
up €6,711 (+41.2%), from €16,283 to €22,995
of which Other amounts receivable: +€4,577
- Trade debts +€28,978
up €28,978 (+165%), from €17,571 to €46,549
- Profit (loss) carried forward +€12,311
up €12,311 (+81.1%), from €15,174 to €27,485
- Debts after one year -€8,870
down €8,870 (-29.5%), from €30,016 to €21,147
- Tax, wage and social debts +€2,695
up €2,695 (+25.6%), from €10,521 to €13,216
of which Remuneration and social security: +€4,180
- Gross operating margin -€35,872
down €35,872 (-24.5%), from €146,224 to €110,352
- Staff costs +€8,329
up €8,329 (+13.0%), from €64,163 to €72,492
- Taxes -€8,090
down €8,090 (-53.4%), from €15,145 to €7,056
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,497 | €162,725 | +€35,228 | +27.6% |
| Fixed assets | 21/28 | €41,305 | €24,801 | -€16,504 | -40.0% |
| Tangible fixed assets | 22/27 | €41,305 | €24,801 | -€16,504 | -40.0% |
| Land and buildings | 22 | €6,813 | €5,959 | -€854 | -12.5% |
| Plant, machinery and equipment | 23 | €16,413 | €8,936 | -€7,477 | -45.6% |
| Furniture and vehicles | 24 | €18,079 | €9,906 | -€8,173 | -45.2% |
| Current assets | 29/58 | €86,192 | €137,925 | +€51,732 | +60.0% |
| Stocks and contracts in progress | 3 | €10,580 | €11,949 | +€1,368 | +12.9% |
| Stocks | 30/36 | €10,580 | €11,949 | +€1,368 | +12.9% |
| Amounts receivable within one year | 40/41 | €16,283 | €22,995 | +€6,711 | +41.2% |
| Trade receivables | 40 | €1,124 | €3,258 | +€2,134 | +190% |
| Other amounts receivable | 41 | €15,159 | €19,736 | +€4,577 | +30.2% |
| Cash at bank and in hand | 54/58 | €58,132 | €102,710 | +€44,579 | +76.7% |
| Deferred charges and accrued income | 490/1 | €1,197 | €271 | -€926 | -77.3% |
| Total equity and liabilities | 10/49 | €127,497 | €162,725 | +€35,228 | +27.6% |
| Equity | 10/15 | €60,634 | €72,945 | +€12,311 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Distributable reserves | 133 | €26,860 | €26,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,174 | €27,485 | +€12,311 | +81.1% |
| Amounts payable | 17/49 | €66,863 | €89,781 | +€22,918 | +34.3% |
| Amounts payable after more than one year | 17 | €30,016 | €21,147 | -€8,870 | -29.5% |
| Financial debts | 170/4 | €30,016 | €21,147 | -€8,870 | -29.5% |
| Amounts payable within one year | 42/48 | €36,847 | €68,634 | +€31,787 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €8,756 | €8,870 | +€114 | +1.3% |
| Trade debts | 44 | €17,571 | €46,549 | +€28,978 | +165% |
| Suppliers | 440/4 | €17,571 | €46,549 | +€28,978 | +165% |
| Taxes, remuneration and social security | 45 | €10,521 | €13,216 | +€2,695 | +25.6% |
| Taxes | 450/3 | €5,682 | €4,197 | -€1,485 | -26.1% |
| Remuneration and social security | 454/9 | €4,838 | €9,018 | +€4,180 | +86.4% |
| Remuneration, social security and pensions | 62 | €64,163 | €72,492 | +€8,329 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,427 | €16,293 | -€134 | -0.8% |
| Other operating charges | 640/8 | €1,478 | €1,223 | -€254 | -17.2% |
| Non-recurring operating charges | 66A | €2,122 | - | -€2,122 | |
| Gross operating margin | 9900 | €146,224 | €110,352 | -€35,872 | -24.5% |
| Operating profit (loss) | 9901 | €62,035 | €20,344 | -€41,691 | -67.2% |
| Financial income | 75/76B | €878 | €193 | -€684 | -78.0% |
| Recurring financial income | 75 | €878 | €193 | -€684 | -78.0% |
| Financial charges | 65/66B | €927 | €1,171 | +€244 | +26.3% |
| Recurring financial charges | 65 | €927 | €959 | +€32 | +3.5% |
| Non-recurring financial charges | 66B | - | €211 | +€211 | |
| Profit (loss) for the period before taxes | 9903 | €61,985 | €19,367 | -€42,619 | -68.8% |
| Income taxes | 67/77 | €15,145 | €7,056 | -€8,090 | -53.4% |
| Profit (loss) for the period | 9904 | €46,840 | €12,311 | -€34,529 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,840 | €12,311 | -€34,529 | -73.7% |
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.