MERMIMMO: what changed
Two fiscal 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.
MERMIMMO
Largest movements
- Receivables within one year -€420,698
down €420,698 (-67.4%), from €623,916 to €203,218
of which Other amounts receivable: -€421,023
- Stocks and contracts +€292,637
new in 2025: €292,637
- Cash +€126,500
up €126,500 (+39.3%), from €321,516 to €448,016
mainly Receivables within one year (+€420,698) and Deferred charges and accrued income (+€21,450)
- Deferred charges and accrued income -€21,450
down €21,450 (-50.8%), from €42,227 to €20,777
- Tangible fixed assets -€14,739
no longer reported in 2025 (was €14,739)
- Profit (loss) carried forward -€37,929
down €37,929 (-17.4%), from -€217,882 to -€255,811
- Financial income -€5,696
down €5,696 (-33.9%), from €16,791 to €11,095
- Depreciation -€3,104
down €3,104 (-17.4%), from €17,843 to €14,739
- Gross operating margin +€2,184
up €2,184 (+6.5%), from -€33,440 to -€31,256
- Other operating charges +€813
up €813 (+43.5%), from €1,869 to €2,683
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 | €1,002,699 | €964,949 | -€37,751 | -3.8% |
| Fixed assets | 21/28 | €15,039 | €300 | -€14,739 | -98.0% |
| Tangible fixed assets | 22/27 | €14,739 | - | -€14,739 | |
| Furniture and vehicles | 24 | €14,739 | - | -€14,739 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €987,660 | €964,649 | -€23,011 | -2.3% |
| Stocks and contracts in progress | 3 | - | €292,637 | +€292,637 | |
| Stocks | 30/36 | - | €292,637 | +€292,637 | |
| Amounts receivable within one year | 40/41 | €623,916 | €203,218 | -€420,698 | -67.4% |
| Trade receivables | 40 | - | €325 | +€325 | |
| Other amounts receivable | 41 | €623,916 | €202,893 | -€421,023 | -67.5% |
| Cash at bank and in hand | 54/58 | €321,516 | €448,016 | +€126,500 | +39.3% |
| Deferred charges and accrued income | 490/1 | €42,227 | €20,777 | -€21,450 | -50.8% |
| Total equity and liabilities | 10/49 | €1,002,699 | €964,949 | -€37,751 | -3.8% |
| Equity | 10/15 | €1,000,441 | €962,512 | -€37,929 | -3.8% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €1,155,322 | €1,155,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €1,149,022 | €1,149,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,882 | -€255,811 | -€37,929 | -17.4% |
| Amounts payable | 17/49 | €2,258 | €2,437 | +€179 | +7.9% |
| Amounts payable within one year | 42/48 | €958 | €1,137 | +€179 | +18.6% |
| Trade debts | 44 | €536 | €319 | -€217 | -40.5% |
| Suppliers | 440/4 | €536 | €319 | -€217 | -40.5% |
| Taxes, remuneration and social security | 45 | - | €26 | +€26 | |
| Taxes | 450/3 | - | €26 | +€26 | |
| Other amounts payable | 47/48 | €423 | €793 | +€370 | +87.5% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,843 | €14,739 | -€3,104 | -17.4% |
| Other operating charges | 640/8 | €1,869 | €2,683 | +€813 | +43.5% |
| Gross operating margin | 9900 | -€33,440 | -€31,256 | +€2,184 | +6.5% |
| Operating profit (loss) | 9901 | -€53,153 | -€48,678 | +€4,475 | +8.4% |
| Financial income | 75/76B | €16,791 | €11,095 | -€5,696 | -33.9% |
| Recurring financial income | 75 | €16,791 | €11,095 | -€5,696 | -33.9% |
| Financial charges | 65/66B | €345 | €132 | -€213 | -61.7% |
| Recurring financial charges | 65 | €345 | €132 | -€213 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,707 | -€37,716 | -€1,008 | -2.7% |
| Income taxes | 67/77 | €286 | €213 | -€72 | -25.3% |
| Profit (loss) for the period | 9904 | -€36,993 | -€37,929 | -€936 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,993 | -€37,929 | -€936 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.