MERMANS & CO: 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.
MERMANS & CO
Largest movements
- Cash +€19,729
up €19,729 (+235%), from €8,378 to €28,107
mainly Depreciation (+€13,751) and Net result for the year (+€7,624)
- Tangible fixed assets -€13,751
down €13,751 (-80.6%), from €17,070 to €3,319
- Receivables within one year +€9,292
up €9,292 (+33.3%), from €27,886 to €37,177
of which Trade receivables: +€36,602
- Profit (loss) carried forward +€7,624
up €7,624 (+13.3%), from €57,229 to €64,853
- Other debts +€7,106
up €7,106 (+12.1%), from €58,575 to €65,681
- Gross operating margin +€13,502
up €13,502 (+125%), from €10,823 to €24,325
- Depreciation -€344
down €344 (-2.4%), from €14,095 to €13,751
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 | €138,761 | €153,696 | +€14,935 | +10.8% |
| Fixed assets | 21/28 | €17,070 | €3,319 | -€13,751 | -80.6% |
| Tangible fixed assets | 22/27 | €17,070 | €3,319 | -€13,751 | -80.6% |
| Plant, machinery and equipment | 23 | €17,070 | €3,319 | -€13,751 | -80.6% |
| Current assets | 29/58 | €121,691 | €150,377 | +€28,686 | +23.6% |
| Stocks and contracts in progress | 3 | €85,040 | €85,040 | = | 0.0% |
| Stocks | 30/36 | €85,040 | €85,040 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,886 | €37,177 | +€9,292 | +33.3% |
| Trade receivables | 40 | €576 | €37,177 | +€36,602 | +6,360% |
| Other amounts receivable | 41 | €27,310 | - | -€27,310 | |
| Cash at bank and in hand | 54/58 | €8,378 | €28,107 | +€19,729 | +235% |
| Deferred charges and accrued income | 490/1 | €387 | €52 | -€335 | -86.5% |
| Total equity and liabilities | 10/49 | €138,761 | €153,696 | +€14,935 | +10.8% |
| Equity | 10/15 | €77,689 | €85,313 | +€7,624 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,229 | €64,853 | +€7,624 | +13.3% |
| Amounts payable | 17/49 | €61,072 | €68,383 | +€7,311 | +12.0% |
| Amounts payable within one year | 42/48 | €61,072 | €68,383 | +€7,311 | +12.0% |
| Trade debts | 44 | €694 | €1,732 | +€1,038 | +150% |
| Suppliers | 440/4 | €694 | €1,732 | +€1,038 | +150% |
| Taxes, remuneration and social security | 45 | €1,803 | €969 | -€834 | -46.3% |
| Taxes | 450/3 | €1,803 | €969 | -€834 | -46.3% |
| Other amounts payable | 47/48 | €58,575 | €65,681 | +€7,106 | +12.1% |
| Non-recurring operating income | 76A | - | €1,357 | +€1,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,095 | €13,751 | -€344 | -2.4% |
| Other operating charges | 640/8 | €2,500 | €2,670 | +€170 | +6.8% |
| Gross operating margin | 9900 | €10,823 | €24,325 | +€13,502 | +125% |
| Operating profit (loss) | 9901 | -€5,772 | €7,904 | +€13,675 | |
| Financial charges | 65/66B | €198 | €279 | +€81 | +40.9% |
| Recurring financial charges | 65 | €198 | €279 | +€81 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,970 | €7,624 | +€13,594 | |
| Profit (loss) for the period | 9904 | -€5,970 | €7,624 | +€13,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,970 | €7,624 | +€13,594 |
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 20 October 2026 via checked.be.