Merlyn Consulting: 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.
Merlyn Consulting
Largest movements
- Receivables within one year +€11,910
up €11,910 (+84.0%), from €14,174 to €26,084
of which Trade receivables: +€11,401
- Cash +€8,646
up €8,646 (+11.8%), from €73,531 to €82,177
mainly Net result for the year (+€22,085) and Depreciation (+€10,042)
- Tangible fixed assets -€7,634
down €7,634 (-40.6%), from €18,808 to €11,174
of which Furniture and vehicles: -€7,349
- Profit (loss) carried forward +€22,085
new in 2026: €22,085
- Tax, wage and social debts -€12,997
down €12,997 (-63.4%), from €20,508 to €7,511
- Other debts +€4,252
up €4,252 (+84.6%), from €5,029 to €9,281
- Gross operating margin -€46,062
down €46,062 (-53.3%), from €86,354 to €40,292
- Taxes -€10,380
down €10,380 (-58.0%), from €17,892 to €7,511
- Depreciation +€7,603
up €7,603 (+312%), from €2,438 to €10,042
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,985 | €119,928 | +€12,943 | +12.1% |
| Fixed assets | 21/28 | €18,808 | €11,174 | -€7,634 | -40.6% |
| Tangible fixed assets | 22/27 | €18,808 | €11,174 | -€7,634 | -40.6% |
| Furniture and vehicles | 24 | €17,449 | €10,100 | -€7,349 | -42.1% |
| Other tangible fixed assets | 26 | €1,359 | €1,074 | -€285 | -21.0% |
| Current assets | 29/58 | €88,176 | €108,754 | +€20,577 | +23.3% |
| Amounts receivable within one year | 40/41 | €14,174 | €26,084 | +€11,910 | +84.0% |
| Trade receivables | 40 | €14,174 | €25,575 | +€11,401 | +80.4% |
| Other amounts receivable | 41 | - | €509 | +€509 | |
| Cash at bank and in hand | 54/58 | €73,531 | €82,177 | +€8,646 | +11.8% |
| Deferred charges and accrued income | 490/1 | €471 | €493 | +€21 | +4.5% |
| Total equity and liabilities | 10/49 | €106,985 | €119,928 | +€12,943 | +12.1% |
| Equity | 10/15 | €80,447 | €102,533 | +€22,085 | +27.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,447 | €75,447 | = | 0.0% |
| Distributable reserves | 133 | €75,447 | €75,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €22,085 | +€22,085 | |
| Amounts payable | 17/49 | €26,537 | €17,395 | -€9,142 | -34.4% |
| Amounts payable within one year | 42/48 | €26,537 | €17,395 | -€9,142 | -34.4% |
| Trade debts | 44 | €1,001 | €603 | -€397 | -39.7% |
| Suppliers | 440/4 | €1,001 | €603 | -€397 | -39.7% |
| Taxes, remuneration and social security | 45 | €20,508 | €7,511 | -€12,997 | -63.4% |
| Taxes | 450/3 | €20,508 | €7,511 | -€12,997 | -63.4% |
| Other amounts payable | 47/48 | €5,029 | €9,281 | +€4,252 | +84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,438 | €10,042 | +€7,603 | +312% |
| Other operating charges | 640/8 | €1,049 | €591 | -€458 | -43.6% |
| Gross operating margin | 9900 | €86,354 | €40,292 | -€46,062 | -53.3% |
| Operating profit (loss) | 9901 | €82,867 | €29,659 | -€53,208 | -64.2% |
| Financial charges | 65/66B | €285 | €62 | -€222 | -78.1% |
| Recurring financial charges | 65 | €285 | €62 | -€222 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €82,582 | €29,597 | -€52,986 | -64.2% |
| Income taxes | 67/77 | €17,892 | €7,511 | -€10,380 | -58.0% |
| Profit (loss) for the period | 9904 | €64,691 | €22,085 | -€42,605 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,691 | €22,085 | -€42,605 | -65.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.