Merloo: 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.
Merloo
Largest movements
- Cash -€13,749
down €13,749 (-70.4%), from €19,522 to €5,774
mainly Stocks and contracts (-€12,350) and Trade debts (-€6,039)
- Stocks and contracts +€12,350
up €12,350 (+86.6%), from €14,255 to €26,604
- Receivables within one year +€3,946
up €3,946 (+19.3%), from €20,398 to €24,343
of which Trade receivables: +€3,946
- Tax, wage and social debts +€15,231
up €15,231 (+181.4%), from €8,395 to €23,626
of which Remuneration and social security: +€9,467
- Trade debts -€6,039
down €6,039 (-20.1%), from €30,046 to €24,008
- Other debts -€3,559
down €3,559 (-52.7%), from €6,753 to €3,195
- Profit (loss) carried forward -€3,087
down €3,087 (-40.9%), from €7,548 to €4,461
- Gross operating margin -€14,466
down €14,466 (-95.4%), from €15,156 to €690
- Taxes -€2,418
down €2,418 (-100.0%), from €2,418 to €0
- Financial charges -€966
down €966 (-31.1%), from €3,103 to €2,137
- Other operating charges -€447
down €447 (-21.4%), from €2,087 to €1,640
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.
Cash bridge derived
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 | €54,743 | €57,289 | +€2,546 | +4.7% |
| Current assets | 29/58 | €54,743 | €57,289 | +€2,546 | +4.7% |
| Stocks and contracts in progress | 3 | €14,255 | €26,604 | +€12,350 | +86.6% |
| Stocks | 30/36 | €14,255 | €26,604 | +€12,350 | +86.6% |
| Amounts receivable within one year | 40/41 | €20,398 | €24,343 | +€3,946 | +19.3% |
| Trade receivables | 40 | €20,383 | €24,329 | +€3,946 | +19.4% |
| Other amounts receivable | 41 | €14 | €14 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,522 | €5,774 | -€13,749 | -70.4% |
| Deferred charges and accrued income | 490/1 | €568 | €568 | = | 0.0% |
| Total equity and liabilities | 10/49 | €54,743 | €57,289 | +€2,546 | +4.7% |
| Equity | 10/15 | €9,548 | €6,461 | -€3,087 | -32.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,548 | €4,461 | -€3,087 | -40.9% |
| Amounts payable | 17/49 | €45,195 | €50,828 | +€5,634 | +12.5% |
| Amounts payable within one year | 42/48 | €45,195 | €50,828 | +€5,634 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €30,046 | €24,008 | -€6,039 | -20.1% |
| Suppliers | 440/4 | €30,046 | €24,008 | -€6,039 | -20.1% |
| Taxes, remuneration and social security | 45 | €8,395 | €23,626 | +€15,231 | +181.4% |
| Taxes | 450/3 | €6,395 | €12,159 | +€5,764 | +90.1% |
| Remuneration and social security | 454/9 | €2,000 | €11,467 | +€9,467 | +473.4% |
| Other amounts payable | 47/48 | €6,753 | €3,195 | -€3,559 | -52.7% |
| Other operating charges | 640/8 | €2,087 | €1,640 | -€447 | -21.4% |
| Gross operating margin | 9900 | €15,156 | €690 | -€14,466 | -95.4% |
| Operating profit (loss) | 9901 | €13,068 | -€951 | -€14,019 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.1% |
| Financial charges | 65/66B | €3,103 | €2,137 | -€966 | -31.1% |
| Recurring financial charges | 65 | €3,103 | €2,137 | -€966 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €9,966 | -€3,087 | -€13,053 | |
| Income taxes | 67/77 | €2,418 | €0 | -€2,418 | -100.0% |
| Profit (loss) for the period | 9904 | €7,548 | -€3,087 | -€10,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,548 | -€3,087 | -€10,635 |
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 10 October 2026 via checked.be.