MERKWIJS: 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.
MERKWIJS
Largest movements
- Cash +€3,318
up €3,318 (+106%), from €3,124 to €6,443
mainly Other debts (+€11,388) and Depreciation (+€3,374)
- Tangible fixed assets -€2,009
down €2,009 (-81.1%), from €2,476 to €467
of which Plant, machinery and equipment: -€1,687
- Receivables within one year -€1,686
down €1,686 (-27.1%), from €6,215 to €4,529
of which Other amounts receivable: -€1,477
- Deferred charges and accrued income -€1,207
down €1,207 (-22.6%), from €5,351 to €4,144
- Intangible fixed assets -€1,120
down €1,120 (-51.0%), from €2,196 to €1,076
- Other debts +€11,388
up €11,388 (+134%), from €8,488 to €19,876
- Profit (loss) carried forward -€11,109
down €11,109 (-9,643%), from -€115 to -€11,224
- Tax, wage and social debts -€2,326
down €2,326 (-41.6%), from €5,587 to €3,261
of which Remuneration and social security: -€1,747
- Trade debts -€901
down €901 (-77.0%), from €1,170 to €269
- Gross operating margin -€10,872
down €10,872, from €5,175 to -€5,697
- Financial charges +€264
up €264 (+18.7%), from €1,411 to €1,675
- Other operating charges -€187
down €187 (-44.1%), from €424 to €237
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 | €20,344 | €17,395 | -€2,948 | -14.5% |
| Formation expenses | 20 | €981 | €736 | -€244 | -24.9% |
| Fixed assets | 21/28 | €4,672 | €1,543 | -€3,129 | -67.0% |
| Intangible fixed assets | 21 | €2,196 | €1,076 | -€1,120 | -51.0% |
| Tangible fixed assets | 22/27 | €2,476 | €467 | -€2,009 | -81.1% |
| Plant, machinery and equipment | 23 | €2,154 | €467 | -€1,687 | -78.3% |
| Furniture and vehicles | 24 | €322 | - | -€322 | |
| Current assets | 29/58 | €14,691 | €15,116 | +€425 | +2.9% |
| Amounts receivable within one year | 40/41 | €6,215 | €4,529 | -€1,686 | -27.1% |
| Trade receivables | 40 | €4,738 | €4,529 | -€209 | -4.4% |
| Other amounts receivable | 41 | €1,477 | - | -€1,477 | |
| Cash at bank and in hand | 54/58 | €3,124 | €6,443 | +€3,318 | +106% |
| Deferred charges and accrued income | 490/1 | €5,351 | €4,144 | -€1,207 | -22.6% |
| Total equity and liabilities | 10/49 | €20,344 | €17,395 | -€2,948 | -14.5% |
| Equity | 10/15 | €4,885 | -€6,224 | -€11,109 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115 | -€11,224 | -€11,109 | -9,643% |
| Amounts payable | 17/49 | €15,459 | €23,620 | +€8,161 | +52.8% |
| Amounts payable within one year | 42/48 | €15,245 | €23,406 | +€8,161 | +53.5% |
| Trade debts | 44 | €1,170 | €269 | -€901 | -77.0% |
| Suppliers | 440/4 | €1,170 | €269 | -€901 | -77.0% |
| Taxes, remuneration and social security | 45 | €5,587 | €3,261 | -€2,326 | -41.6% |
| Taxes | 450/3 | €2,802 | €2,223 | -€579 | -20.7% |
| Remuneration and social security | 454/9 | €2,785 | €1,038 | -€1,747 | -62.7% |
| Other amounts payable | 47/48 | €8,488 | €19,876 | +€11,388 | +134% |
| Accrued charges and deferred income | 492/3 | €214 | €214 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,398 | €3,374 | -€25 | -0.7% |
| Other operating charges | 640/8 | €424 | €237 | -€187 | -44.1% |
| Gross operating margin | 9900 | €5,175 | -€5,697 | -€10,872 | |
| Operating profit (loss) | 9901 | €1,353 | -€9,307 | -€10,660 | |
| Financial income | 75/76B | €25 | €10 | -€15 | -58.6% |
| Recurring financial income | 75 | €25 | €10 | -€15 | -58.6% |
| Financial charges | 65/66B | €1,411 | €1,675 | +€264 | +18.7% |
| Recurring financial charges | 65 | €1,411 | €1,675 | +€264 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€33 | -€10,972 | -€10,939 | -33,555% |
| Income taxes | 67/77 | €83 | €138 | +€55 | +66.6% |
| Profit (loss) for the period | 9904 | -€115 | -€11,109 | -€10,994 | -9,543% |
| Profit (loss) for the period to be appropriated | 9905 | -€115 | -€11,109 | -€10,994 | -9,543% |
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 23 October 2026 via checked.be.