MERLUZA: 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.
MERLUZA
Largest movements
- Cash +€22,842
up €22,842 (+415%), from €5,507 to €28,349
mainly Other debts (+€45,331) and Net result for the year (+€11,196)
- Tangible fixed assets -€2,837
down €2,837 (-21.7%), from €13,087 to €10,250
of which Other tangible fixed assets: -€2,491
- Other debts +€45,331
up €45,331 (+618%), from €7,336 to €52,667
- Tax, wage and social debts -€38,319
down €38,319 (-70.0%), from €54,762 to €16,443
of which Remuneration and social security: -€39,083
- Profit (loss) carried forward +€11,196
up €11,196 (+10.4%), from -€107,411 to -€96,215
- Short-term financial debts +€2,997
up €2,997 (+11.2%), from €26,814 to €29,811
- Trade debts -€1,201
down €1,201 (-2.8%), from €43,392 to €42,192
- Gross operating margin +€204,441
up €204,441, from -€111,615 to €92,826
- Staff costs +€26,688
up €26,688 (+90.7%), from €29,419 to €56,107
- Depreciation +€7,037
new in 2023: €7,037
- Taxes +€5,934
new in 2023: €5,934
- Other operating charges -€4,020
down €4,020 (-53.2%), from €7,551 to €3,531
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,493 | €63,498 | +€20,005 | +46.0% |
| Fixed assets | 21/28 | €13,087 | €10,250 | -€2,837 | -21.7% |
| Tangible fixed assets | 22/27 | €13,087 | €10,250 | -€2,837 | -21.7% |
| Plant, machinery and equipment | 23 | €5,507 | €7,328 | +€1,821 | +33.1% |
| Furniture and vehicles | 24 | €3,660 | €1,493 | -€2,167 | -59.2% |
| Other tangible fixed assets | 26 | €3,920 | €1,429 | -€2,491 | -63.6% |
| Current assets | 29/58 | €30,406 | €53,248 | +€22,842 | +75.1% |
| Stocks and contracts in progress | 3 | €24,899 | €24,899 | = | 0.0% |
| Stocks | 30/36 | €24,899 | €24,899 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,507 | €28,349 | +€22,842 | +415% |
| Total equity and liabilities | 10/49 | €43,493 | €63,498 | +€20,005 | +46.0% |
| Equity | 10/15 | -€88,811 | -€77,615 | +€11,196 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,411 | -€96,215 | +€11,196 | +10.4% |
| Amounts payable | 17/49 | €132,304 | €141,113 | +€8,809 | +6.7% |
| Amounts payable within one year | 42/48 | €132,304 | €141,113 | +€8,809 | +6.7% |
| Financial debts | 43 | €26,814 | €29,811 | +€2,997 | +11.2% |
| Credit institutions | 430/8 | €26,814 | €29,811 | +€2,997 | +11.2% |
| Trade debts | 44 | €43,392 | €42,192 | -€1,201 | -2.8% |
| Suppliers | 440/4 | €43,392 | €42,192 | -€1,201 | -2.8% |
| Taxes, remuneration and social security | 45 | €54,762 | €16,443 | -€38,319 | -70.0% |
| Taxes | 450/3 | €6,423 | €7,187 | +€764 | +11.9% |
| Remuneration and social security | 454/9 | €48,339 | €9,257 | -€39,083 | -80.9% |
| Other amounts payable | 47/48 | €7,336 | €52,667 | +€45,331 | +618% |
| Remuneration, social security and pensions | 62 | €29,419 | €56,107 | +€26,688 | +90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,037 | +€7,037 | |
| Other operating charges | 640/8 | €7,551 | €3,531 | -€4,020 | -53.2% |
| Gross operating margin | 9900 | -€111,615 | €92,826 | +€204,441 | |
| Operating profit (loss) | 9901 | -€148,585 | €26,150 | +€174,736 | |
| Financial income | 75/76B | €262 | €61 | -€201 | -76.9% |
| Recurring financial income | 75 | €262 | €61 | -€201 | -76.9% |
| Financial charges | 65/66B | €5,249 | €9,080 | +€3,831 | +73.0% |
| Recurring financial charges | 65 | €5,249 | €9,080 | +€3,831 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | -€153,573 | €17,130 | +€170,704 | |
| Income taxes | 67/77 | - | €5,934 | +€5,934 | |
| Profit (loss) for the period | 9904 | -€153,573 | €11,196 | +€164,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,573 | €11,196 | +€164,769 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.