MERKWIZIEN: 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.
MERKWIZIEN
Largest movements
- Receivables within one year -€9,298
down €9,298 (-99.8%), from €9,317 to €20
- Tangible fixed assets -€5,630
down €5,630 (-24.4%), from €23,100 to €17,470
of which Plant, machinery and equipment: -€4,456
- Deferred charges and accrued income +€921
up €921 (+2,316%), from €40 to €960
- Debts after one year -€31,750
down €31,750 (-27.2%), from €116,650 to €84,900
- Profit (loss) carried forward +€16,237
up €16,237 (+15.3%), from -€105,929 to -€89,691
- Advances received +€1,941
new in 2025: €1,941
- Trade debts -€520
down €520 (-15.9%), from €3,262 to €2,741
- Gross operating margin +€82,333
up €82,333, from -€43,532 to €38,802
- Depreciation -€19,127
down €19,127 (-78.3%), from €24,431 to €5,304
- Other operating charges +€12,489
up €12,489 (+1,249%), from €1,000 to €13,490
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 | €51,736 | €37,814 | -€13,922 | -26.9% |
| Fixed assets | 21/28 | €23,280 | €17,650 | -€5,630 | -24.2% |
| Tangible fixed assets | 22/27 | €23,100 | €17,470 | -€5,630 | -24.4% |
| Plant, machinery and equipment | 23 | €20,068 | €15,612 | -€4,456 | -22.2% |
| Furniture and vehicles | 24 | €3,032 | €1,858 | -€1,174 | -38.7% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €28,456 | €20,164 | -€8,292 | -29.1% |
| Stocks and contracts in progress | 3 | €16,710 | €16,710 | = | 0.0% |
| Stocks | 30/36 | €16,710 | €16,710 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,317 | €20 | -€9,298 | -99.8% |
| Trade receivables | 40 | €9,317 | €20 | -€9,298 | -99.8% |
| Cash at bank and in hand | 54/58 | €2,389 | €2,474 | +€85 | +3.6% |
| Deferred charges and accrued income | 490/1 | €40 | €960 | +€921 | +2,316% |
| Total equity and liabilities | 10/49 | €51,736 | €37,814 | -€13,922 | -26.9% |
| Equity | 10/15 | -€87,379 | -€71,141 | +€16,237 | +18.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,929 | -€89,691 | +€16,237 | +15.3% |
| Amounts payable | 17/49 | €139,115 | €108,955 | -€30,160 | -21.7% |
| Amounts payable after more than one year | 17 | €116,650 | €84,900 | -€31,750 | -27.2% |
| Financial debts | 170/4 | €116,650 | €84,900 | -€31,750 | -27.2% |
| Amounts payable within one year | 42/48 | €22,405 | €24,055 | +€1,650 | +7.4% |
| Trade debts | 44 | €3,262 | €2,741 | -€520 | -15.9% |
| Suppliers | 440/4 | €3,262 | €2,741 | -€520 | -15.9% |
| Advances received on contracts in progress | 46 | - | €1,941 | +€1,941 | |
| Taxes, remuneration and social security | 45 | €16,564 | €16,794 | +€229 | +1.4% |
| Taxes | 450/3 | €1,124 | €3,424 | +€2,299 | +204% |
| Remuneration and social security | 454/9 | €15,440 | €13,370 | -€2,070 | -13.4% |
| Other amounts payable | 47/48 | €2,579 | €2,579 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €60 | - | -€60 | |
| Non-recurring operating income | 76A | - | €274 | +€274 | |
| Remuneration, social security and pensions | 62 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,431 | €5,304 | -€19,127 | -78.3% |
| Other operating charges | 640/8 | €1,000 | €13,490 | +€12,489 | +1,249% |
| Gross operating margin | 9900 | -€43,532 | €38,802 | +€82,333 | |
| Operating profit (loss) | 9901 | -€68,974 | €20,008 | +€88,983 | |
| Financial income | 75/76B | €109 | €0 | -€109 | -100.0% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -100.0% |
| Financial charges | 65/66B | €3,979 | €3,711 | -€268 | -6.7% |
| Recurring financial charges | 65 | €3,979 | €3,711 | -€268 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€72,845 | €16,297 | +€89,142 | |
| Income taxes | 67/77 | €140 | €60 | -€80 | -57.1% |
| Profit (loss) for the period | 9904 | -€72,984 | €16,237 | +€89,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,984 | €16,237 | +€89,222 |
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 31 October 2026 via checked.be.