MERLIER MACHINES: 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.
MERLIER MACHINES
Largest movements
- Cash +€182,375
up €182,375 (+642%), from €28,424 to €210,800
mainly Receivables within one year (+€130,655) and Net result for the year (+€54,432)
- Receivables within one year -€130,655
down €130,655 (-60.4%), from €216,146 to €85,491
of which Trade receivables: -€169,024
- Stocks and contracts -€44,361
down €44,361 (-18.9%), from €234,315 to €189,954
- Reserves +€54,432
up €54,432 (+156%), from €34,976 to €89,408
- Debts after one year -€37,620
down €37,620 (-55.0%), from €68,349 to €30,729
- Current portion of long-term debt -€7,717
down €7,717 (-13.2%), from €58,532 to €50,815
- Tax, wage and social debts -€6,815
down €6,815 (-9.7%), from €70,180 to €63,365
of which Remuneration and social security: -€17,032
- Staff costs -€71,218
down €71,218 (-38.8%), from €183,538 to €112,320
- Gross operating margin -€32,827
down €32,827 (-14.3%), from €229,068 to €196,242
- Depreciation -€14,437
down €14,437 (-84.2%), from €17,139 to €2,702
- Taxes +€9,623
up €9,623 (+150%), from €6,429 to €16,053
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 | €517,235 | €526,250 | +€9,014 | +1.7% |
| Fixed assets | 21/28 | €35,411 | €37,348 | +€1,937 | +5.5% |
| Tangible fixed assets | 22/27 | €35,411 | €37,348 | +€1,937 | +5.5% |
| Land and buildings | 22 | €16,394 | €14,200 | -€2,195 | -13.4% |
| Furniture and vehicles | 24 | €599 | €23,149 | +€22,550 | +3,764% |
| Leasing and similar rights | 25 | €18,418 | €0 | -€18,418 | -100% |
| Current assets | 29/58 | €481,824 | €488,901 | +€7,077 | +1.5% |
| Stocks and contracts in progress | 3 | €234,315 | €189,954 | -€44,361 | -18.9% |
| Stocks | 30/36 | €234,315 | €189,954 | -€44,361 | -18.9% |
| Amounts receivable within one year | 40/41 | €216,146 | €85,491 | -€130,655 | -60.4% |
| Trade receivables | 40 | €201,186 | €32,162 | -€169,024 | -84.0% |
| Other amounts receivable | 41 | €14,960 | €53,329 | +€38,369 | +256% |
| Cash at bank and in hand | 54/58 | €28,424 | €210,800 | +€182,375 | +642% |
| Deferred charges and accrued income | 490/1 | €2,939 | €2,657 | -€282 | -9.6% |
| Total equity and liabilities | 10/49 | €517,235 | €526,250 | +€9,014 | +1.7% |
| Equity | 10/15 | €49,976 | €104,408 | +€54,432 | +109% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €34,976 | €89,408 | +€54,432 | +156% |
| Distributable reserves | 133 | €34,976 | €89,408 | +€54,432 | +156% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €467,259 | €421,841 | -€45,417 | -9.7% |
| Amounts payable after more than one year | 17 | €68,349 | €30,729 | -€37,620 | -55.0% |
| Financial debts | 170/4 | €68,349 | €30,729 | -€37,620 | -55.0% |
| Amounts payable within one year | 42/48 | €393,181 | €386,607 | -€6,574 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €58,532 | €50,815 | -€7,717 | -13.2% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €104,062 | €109,148 | +€5,086 | +4.9% |
| Suppliers | 440/4 | €104,062 | €109,148 | +€5,086 | +4.9% |
| Advances received on contracts in progress | 46 | €1,150 | €0 | -€1,150 | -100% |
| Taxes, remuneration and social security | 45 | €70,180 | €63,365 | -€6,815 | -9.7% |
| Taxes | 450/3 | €39,190 | €49,406 | +€10,216 | +26.1% |
| Remuneration and social security | 454/9 | €30,990 | €13,958 | -€17,032 | -55.0% |
| Other amounts payable | 47/48 | €9,258 | €13,280 | +€4,022 | +43.4% |
| Accrued charges and deferred income | 492/3 | €5,728 | €4,506 | -€1,223 | -21.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €183,538 | €112,320 | -€71,218 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,139 | €2,702 | -€14,437 | -84.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €503 | +€503 | |
| Other operating charges | 640/8 | €3,988 | €3,447 | -€541 | -13.6% |
| Gross operating margin | 9900 | €229,068 | €196,242 | -€32,827 | -14.3% |
| Operating profit (loss) | 9901 | €24,404 | €77,270 | +€52,866 | +217% |
| Financial income | 75/76B | €5,011 | €6,642 | +€1,631 | +32.6% |
| Recurring financial income | 75 | €5,011 | €6,642 | +€1,631 | +32.6% |
| Financial charges | 65/66B | €12,461 | €13,428 | +€967 | +7.8% |
| Recurring financial charges | 65 | €12,461 | €13,428 | +€967 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €16,953 | €70,484 | +€53,531 | +316% |
| Income taxes | 67/77 | €6,429 | €16,053 | +€9,623 | +150% |
| Profit (loss) for the period | 9904 | €10,524 | €54,432 | +€43,908 | +417% |
| Profit (loss) for the period to be appropriated | 9905 | €10,524 | €54,432 | +€43,908 | +417% |
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 1 November 2026 via checked.be.