MERREN: 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.
MERREN
Largest movements
- Tangible fixed assets -€13,023
down €13,023 (-7.0%), from €186,926 to €173,903
- Receivables within one year -€4,150
down €4,150 (-55.1%), from €7,533 to €3,383
of which Trade receivables: -€4,132
- Debts after one year -€22,814
down €22,814 (-44.7%), from €51,023 to €28,209
- Profit (loss) carried forward +€13,688
up €13,688 (+39.3%), from -€34,788 to -€21,100
- Other debts -€3,315
down €3,315 (-2.7%), from €122,210 to €118,895
- Tax, wage and social debts -€3,313
down €3,313 (-23.0%), from €14,381 to €11,068
- Gross operating margin -€9,733
down €9,733 (-19.7%), from €49,416 to €39,683
- Taxes -€5,309
down €5,309 (-54.8%), from €9,696 to €4,386
- Depreciation +€5,000
up €5,000 (+62.3%), from €8,023 to €13,023
- Financial charges -€1,018
down €1,018 (-14.2%), from €7,175 to €6,157
- Other operating charges +€694
up €694 (+40.0%), from €1,734 to €2,429
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,503 | €179,114 | -€15,389 | -7.9% |
| Fixed assets | 21/28 | €186,926 | €173,903 | -€13,023 | -7.0% |
| Tangible fixed assets | 22/27 | €186,926 | €173,903 | -€13,023 | -7.0% |
| Land and buildings | 22 | €186,926 | €173,903 | -€13,023 | -7.0% |
| Current assets | 29/58 | €7,577 | €5,212 | -€2,366 | -31.2% |
| Amounts receivable within one year | 40/41 | €7,533 | €3,383 | -€4,150 | -55.1% |
| Trade receivables | 40 | €7,514 | €3,383 | -€4,132 | -55.0% |
| Other amounts receivable | 41 | €18 | €0 | -€18 | -100.0% |
| Cash at bank and in hand | 54/58 | €45 | €1,829 | +€1,784 | +3995.5% |
| Total equity and liabilities | 10/49 | €194,503 | €179,114 | -€15,389 | -7.9% |
| Equity | 10/15 | -€15,560 | -€1,872 | +€13,688 | +88.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €636 | €636 | = | 0.0% |
| Distributable reserves | 133 | €636 | €636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,788 | -€21,100 | +€13,688 | +39.3% |
| Amounts payable | 17/49 | €210,064 | €180,987 | -€29,077 | -13.8% |
| Amounts payable after more than one year | 17 | €51,023 | €28,209 | -€22,814 | -44.7% |
| Financial debts | 170/4 | €51,023 | €28,209 | -€22,814 | -44.7% |
| Amounts payable within one year | 42/48 | €159,040 | €152,778 | -€6,263 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €21,613 | €22,814 | +€1,201 | +5.6% |
| Trade debts | 44 | €836 | €0 | -€836 | -100.0% |
| Suppliers | 440/4 | €836 | €0 | -€836 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,381 | €11,068 | -€3,313 | -23.0% |
| Taxes | 450/3 | €14,381 | €11,068 | -€3,313 | -23.0% |
| Other amounts payable | 47/48 | €122,210 | €118,895 | -€3,315 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,023 | €13,023 | +€5,000 | +62.3% |
| Other operating charges | 640/8 | €1,734 | €2,429 | +€694 | +40.0% |
| Gross operating margin | 9900 | €49,416 | €39,683 | -€9,733 | -19.7% |
| Operating profit (loss) | 9901 | €39,658 | €24,231 | -€15,428 | -38.9% |
| Financial income | 75/76B | €39 | €0 | -€39 | -100.0% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -100.0% |
| Non-recurring financial income | 76B | €39 | €0 | -€39 | -100.0% |
| Financial charges | 65/66B | €7,175 | €6,157 | -€1,018 | -14.2% |
| Recurring financial charges | 65 | €7,175 | €6,157 | -€1,018 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €32,522 | €18,074 | -€14,448 | -44.4% |
| Income taxes | 67/77 | €9,696 | €4,386 | -€5,309 | -54.8% |
| Profit (loss) for the period | 9904 | €22,827 | €13,688 | -€9,139 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,827 | €13,688 | -€9,139 | -40.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.