MERIVEZ: 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.
MERIVEZ
Largest movements
- Cash +€49,545
up €49,545 (+46.5%), from €106,606 to €156,151
mainly Net result for the year (+€40,263) and Tax, wage and social debts (+€8,669)
- Reserves +€40,263
up €40,263 (+49.5%), from €81,413 to €121,677
- Tax, wage and social debts +€8,669
up €8,669 (+25.8%), from €33,609 to €42,278
- Gross operating margin -€30,343
down €30,343 (-35.7%), from €84,975 to €54,632
- Taxes -€5,332
down €5,332 (-31.9%), from €16,738 to €11,406
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 | €122,759 | €172,332 | +€49,573 | +40.4% |
| Fixed assets | 21/28 | €3,473 | €3,063 | -€410 | -11.8% |
| Tangible fixed assets | 22/27 | €3,473 | €3,063 | -€410 | -11.8% |
| Land and buildings | 22 | €3,473 | €3,063 | -€410 | -11.8% |
| Current assets | 29/58 | €119,286 | €169,269 | +€49,983 | +41.9% |
| Amounts receivable within one year | 40/41 | €12,632 | €11,843 | -€789 | -6.2% |
| Trade receivables | 40 | €12,632 | €11,843 | -€789 | -6.2% |
| Cash at bank and in hand | 54/58 | €106,606 | €156,151 | +€49,545 | +46.5% |
| Deferred charges and accrued income | 490/1 | €48 | €1,275 | +€1,226 | +2552.0% |
| Total equity and liabilities | 10/49 | €122,759 | €172,332 | +€49,573 | +40.4% |
| Equity | 10/15 | €81,513 | €121,777 | +€40,263 | +49.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €81,413 | €121,677 | +€40,263 | +49.5% |
| Distributable reserves | 133 | €81,413 | €121,677 | +€40,263 | +49.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,246 | €50,555 | +€9,309 | +22.6% |
| Amounts payable within one year | 42/48 | €41,246 | €50,555 | +€9,309 | +22.6% |
| Trade debts | 44 | €1,356 | €1,943 | +€587 | +43.3% |
| Suppliers | 440/4 | €1,356 | €1,943 | +€587 | +43.3% |
| Taxes, remuneration and social security | 45 | €33,609 | €42,278 | +€8,669 | +25.8% |
| Taxes | 450/3 | €33,609 | €42,278 | +€8,669 | +25.8% |
| Other amounts payable | 47/48 | €6,281 | €6,334 | +€53 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410 | €410 | = | 0.0% |
| Other operating charges | 640/8 | €245 | €201 | -€44 | -17.8% |
| Gross operating margin | 9900 | €84,975 | €54,632 | -€30,343 | -35.7% |
| Operating profit (loss) | 9901 | €84,320 | €54,021 | -€30,299 | -35.9% |
| Financial income | 75/76B | €0 | €12 | +€12 | |
| Recurring financial income | 75 | €0 | €12 | +€12 | |
| Financial charges | 65/66B | €2,754 | €2,364 | -€389 | -14.1% |
| Recurring financial charges | 65 | €2,754 | €2,364 | -€389 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €81,566 | €51,669 | -€29,897 | -36.7% |
| Income taxes | 67/77 | €16,738 | €11,406 | -€5,332 | -31.9% |
| Profit (loss) for the period | 9904 | €64,828 | €40,263 | -€24,565 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,828 | €40,263 | -€24,565 | -37.9% |
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.