MERLAN BUILDING: 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.
MERLAN BUILDING
Largest movements
- Receivables within one year +€2,570
up €2,570 (+5.2%), from €49,107 to €51,677
of which Trade receivables: +€4,566
- Cash +€1,182
new in 2025: €1,182
mainly Net result for the year (+€18,782) and Tax, wage and social debts (+€4,500)
- Trade debts -€19,530
down €19,530 (-67.2%), from €29,058 to €9,528
- Profit (loss) carried forward +€18,782
up €18,782 (+142%), from €13,231 to €32,013
- Tax, wage and social debts +€4,500
up €4,500 (+118%), from €3,818 to €8,318
- Gross operating margin +€22,919
up €22,919 (+653%), from €3,512 to €26,432
- Taxes +€4,528
up €4,528 (+460%), from €984 to €5,512
- Other operating charges +€2,098
new in 2025: €2,098
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 | €49,107 | €52,859 | +€3,752 | +7.6% |
| Current assets | 29/58 | €49,107 | €52,859 | +€3,752 | +7.6% |
| Amounts receivable within one year | 40/41 | €49,107 | €51,677 | +€2,570 | +5.2% |
| Trade receivables | 40 | €10,797 | €15,363 | +€4,566 | +42.3% |
| Other amounts receivable | 41 | €38,310 | €36,314 | -€1,996 | -5.2% |
| Cash at bank and in hand | 54/58 | - | €1,182 | +€1,182 | |
| Total equity and liabilities | 10/49 | €49,107 | €52,859 | +€3,752 | +7.6% |
| Equity | 10/15 | €16,231 | €35,013 | +€18,782 | +116% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,231 | €32,013 | +€18,782 | +142% |
| Amounts payable | 17/49 | €32,876 | €17,846 | -€15,030 | -45.7% |
| Amounts payable within one year | 42/48 | €32,876 | €17,846 | -€15,030 | -45.7% |
| Trade debts | 44 | €29,058 | €9,528 | -€19,530 | -67.2% |
| Suppliers | 440/4 | €29,058 | €9,528 | -€19,530 | -67.2% |
| Taxes, remuneration and social security | 45 | €3,818 | €8,318 | +€4,500 | +118% |
| Taxes | 450/3 | €3,818 | €8,318 | +€4,500 | +118% |
| Other operating charges | 640/8 | - | €2,098 | +€2,098 | |
| Gross operating margin | 9900 | €3,512 | €26,432 | +€22,919 | +653% |
| Operating profit (loss) | 9901 | €3,512 | €24,333 | +€20,821 | +593% |
| Financial charges | 65/66B | €158 | €39 | -€119 | -75.2% |
| Recurring financial charges | 65 | €158 | €39 | -€119 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €3,354 | €24,294 | +€20,940 | +624% |
| Income taxes | 67/77 | €984 | €5,512 | +€4,528 | +460% |
| Profit (loss) for the period | 9904 | €2,370 | €18,782 | +€16,412 | +692% |
| Profit (loss) for the period to be appropriated | 9905 | €2,370 | €18,782 | +€16,412 | +692% |
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 19 October 2026 via checked.be.