MERMANS DANNY: 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 DANNY
Largest movements
- Receivables after one year +€95,580
up €95,580 (+1,442%), from €6,630 to €102,210
- Receivables within one year +€89,394
up €89,394 (+56.1%), from €159,372 to €248,767
of which Trade receivables: +€71,540
- Stocks and contracts +€40,863
up €40,863 (+46.8%), from €87,260 to €128,123
of which Stocks: +€50,713
- Tangible fixed assets -€16,145
down €16,145 (-5.7%), from €281,506 to €265,361
of which Furniture and vehicles: -€14,965
- Reserves +€102,135
up €102,135 (+8.0%), from €1.3m to €1.4m
- Other debts +€60,139
up €60,139 (+1,566%), from €3,841 to €63,979
- Trade debts +€31,511
up €31,511 (+178%), from €17,689 to €49,201
- Tax, wage and social debts +€19,382
up €19,382 (+131%), from €14,739 to €34,122
of which Taxes: +€20,106
- Gross operating margin +€49,374
up €49,374 (+10.4%), from €476,864 to €526,238
- Staff costs +€29,096
up €29,096 (+11.6%), from €249,865 to €278,961
- Taxes +€11,106
up €11,106 (+18.4%), from €60,199 to €71,305
- Financial income +€10,569
up €10,569 (+433%), from €2,439 to €13,008
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 | €1,321,426 | €1,534,248 | +€212,822 | +16.1% |
| Fixed assets | 21/28 | €281,506 | €265,361 | -€16,145 | -5.7% |
| Tangible fixed assets | 22/27 | €281,506 | €265,361 | -€16,145 | -5.7% |
| Land and buildings | 22 | €233,392 | €233,392 | = | 0.0% |
| Furniture and vehicles | 24 | €43,096 | €28,131 | -€14,965 | -34.7% |
| Other tangible fixed assets | 26 | €5,018 | €3,838 | -€1,180 | -23.5% |
| Current assets | 29/58 | €1,039,920 | €1,268,887 | +€228,967 | +22.0% |
| Amounts receivable after more than one year | 29 | €6,630 | €102,210 | +€95,580 | +1,442% |
| Other amounts receivable | 291 | €6,630 | €102,210 | +€95,580 | +1,442% |
| Stocks and contracts in progress | 3 | €87,260 | €128,123 | +€40,863 | +46.8% |
| Stocks | 30/36 | €30,158 | €80,871 | +€50,713 | +168% |
| Contracts in progress | 37 | €57,102 | €47,252 | -€9,850 | -17.2% |
| Amounts receivable within one year | 40/41 | €159,372 | €248,767 | +€89,394 | +56.1% |
| Trade receivables | 40 | €114,492 | €186,032 | +€71,540 | +62.5% |
| Other amounts receivable | 41 | €44,880 | €62,734 | +€17,854 | +39.8% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €601,466 | €607,674 | +€6,208 | +1.0% |
| Deferred charges and accrued income | 490/1 | €35,192 | €32,114 | -€3,078 | -8.7% |
| Total equity and liabilities | 10/49 | €1,321,426 | €1,534,248 | +€212,822 | +16.1% |
| Equity | 10/15 | €1,284,579 | €1,386,714 | +€102,135 | +8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,272,179 | €1,374,314 | +€102,135 | +8.0% |
| Distributable reserves | 133 | €1,272,179 | €1,374,314 | +€102,135 | +8.0% |
| Amounts payable | 17/49 | €36,847 | €147,534 | +€110,687 | +300% |
| Amounts payable within one year | 42/48 | €36,269 | €147,302 | +€111,032 | +306% |
| Trade debts | 44 | €17,689 | €49,201 | +€31,511 | +178% |
| Suppliers | 440/4 | €17,689 | €49,201 | +€31,511 | +178% |
| Taxes, remuneration and social security | 45 | €14,739 | €34,122 | +€19,382 | +131% |
| Taxes | 450/3 | €1,199 | €21,305 | +€20,106 | +1,677% |
| Remuneration and social security | 454/9 | €13,540 | €12,816 | -€724 | -5.3% |
| Other amounts payable | 47/48 | €3,841 | €63,979 | +€60,139 | +1,566% |
| Accrued charges and deferred income | 492/3 | €577 | €232 | -€345 | -59.8% |
| Non-recurring operating income | 76A | €10,909 | - | -€10,909 | |
| Remuneration, social security and pensions | 62 | €249,865 | €278,961 | +€29,096 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,922 | €17,030 | +€1,108 | +7.0% |
| Other operating charges | 640/8 | €6,026 | €4,054 | -€1,971 | -32.7% |
| Non-recurring operating charges | 66A | €2 | - | -€2 | |
| Gross operating margin | 9900 | €476,864 | €526,238 | +€49,374 | +10.4% |
| Operating profit (loss) | 9901 | €205,048 | €226,192 | +€21,144 | +10.3% |
| Financial income | 75/76B | €2,439 | €13,008 | +€10,569 | +433% |
| Recurring financial income | 75 | €2,439 | €13,008 | +€10,569 | +433% |
| Financial charges | 65/66B | €2,711 | €1,780 | -€930 | -34.3% |
| Recurring financial charges | 65 | €2,711 | €1,780 | -€930 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €204,777 | €237,420 | +€32,643 | +15.9% |
| Income taxes | 67/77 | €60,199 | €71,305 | +€11,106 | +18.4% |
| Profit (loss) for the period | 9904 | €144,578 | €166,114 | +€21,537 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €144,578 | €166,114 | +€21,537 | +14.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.