MERKATIKO: 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.
MERKATIKO
Largest movements
- Receivables within one year -€53,449
down €53,449 (-26.7%), from €200,107 to €146,658
of which Trade receivables: -€47,668
- Cash -€47,515
down €47,515 (-87.9%), from €54,080 to €6,565
mainly Trade debts (-€57,017) and Net result for the year (-€16,923)
- Intangible fixed assets -€7,650
down €7,650 (-17.6%), from €43,374 to €35,724
- Current investments +€7,133
up €7,133 (+601%), from €1,187 to €8,320
- Deferred charges and accrued income -€5,027
down €5,027 (-95.3%), from €5,276 to €248
- Trade debts -€57,017
down €57,017 (-77.6%), from €73,434 to €16,416
- Profit (loss) carried forward -€16,923
down €16,923 (-9.0%), from €187,524 to €170,601
- Tax, wage and social debts -€15,743
down €15,743 (-71.1%), from €22,155 to €6,412
- Debts after one year -€13,024
no longer reported in 2025 (was €13,024)
- Gross operating margin -€200,435
down €200,435, from €176,871 to -€23,564
- Taxes -€36,442
down €36,442 (-99.3%), from €36,709 to €267
- Financial income +€14,261
up €14,261 (+296%), from €4,816 to €19,078
- Other operating charges -€7,801
down €7,801 (-95.1%), from €8,201 to €400
- Depreciation -€3,291
down €3,291 (-24.9%), from €13,226 to €9,935
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 | €314,429 | €209,340 | -€105,089 | -33.4% |
| Fixed assets | 21/28 | €53,779 | €47,549 | -€6,230 | -11.6% |
| Intangible fixed assets | 21 | €43,374 | €35,724 | -€7,650 | -17.6% |
| Tangible fixed assets | 22/27 | €5,155 | €6,574 | +€1,420 | +27.5% |
| Plant, machinery and equipment | 23 | €2,535 | €1,849 | -€686 | -27.1% |
| Furniture and vehicles | 24 | €2,620 | €4,726 | +€2,106 | +80.4% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €260,650 | €161,791 | -€98,859 | -37.9% |
| Amounts receivable within one year | 40/41 | €200,107 | €146,658 | -€53,449 | -26.7% |
| Trade receivables | 40 | €85,350 | €37,682 | -€47,668 | -55.9% |
| Other amounts receivable | 41 | €114,757 | €108,976 | -€5,781 | -5.0% |
| Current investments | 50/53 | €1,187 | €8,320 | +€7,133 | +601% |
| Cash at bank and in hand | 54/58 | €54,080 | €6,565 | -€47,515 | -87.9% |
| Deferred charges and accrued income | 490/1 | €5,276 | €248 | -€5,027 | -95.3% |
| Total equity and liabilities | 10/49 | €314,429 | €209,340 | -€105,089 | -33.4% |
| Equity | 10/15 | €190,024 | €173,101 | -€16,923 | -8.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,524 | €170,601 | -€16,923 | -9.0% |
| Amounts payable | 17/49 | €124,405 | €36,239 | -€88,166 | -70.9% |
| Amounts payable after more than one year | 17 | €13,024 | - | -€13,024 | |
| Financial debts | 170/4 | €13,024 | - | -€13,024 | |
| Amounts payable within one year | 42/48 | €110,994 | €35,852 | -€75,142 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €15,405 | €13,024 | -€2,382 | -15.5% |
| Trade debts | 44 | €73,434 | €16,416 | -€57,017 | -77.6% |
| Suppliers | 440/4 | €73,434 | €16,416 | -€57,017 | -77.6% |
| Taxes, remuneration and social security | 45 | €22,155 | €6,412 | -€15,743 | -71.1% |
| Taxes | 450/3 | €22,155 | €6,412 | -€15,743 | -71.1% |
| Accrued charges and deferred income | 492/3 | €387 | €387 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,226 | €9,935 | -€3,291 | -24.9% |
| Other operating charges | 640/8 | €8,201 | €400 | -€7,801 | -95.1% |
| Gross operating margin | 9900 | €176,871 | -€23,564 | -€200,435 | |
| Operating profit (loss) | 9901 | €155,444 | -€33,899 | -€189,343 | |
| Financial income | 75/76B | €4,816 | €19,078 | +€14,261 | +296% |
| Recurring financial income | 75 | €4,816 | €19,078 | +€14,261 | +296% |
| Financial charges | 65/66B | €3,044 | €1,834 | -€1,210 | -39.7% |
| Recurring financial charges | 65 | €3,044 | €1,834 | -€1,210 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €157,216 | -€16,656 | -€173,872 | |
| Income taxes | 67/77 | €36,709 | €267 | -€36,442 | -99.3% |
| Profit (loss) for the period | 9904 | €120,507 | -€16,923 | -€137,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,507 | -€16,923 | -€137,430 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.