Merrie: 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.
Merrie
Largest movements
- Tangible fixed assets -€13,267
down €13,267 (-20.3%), from €65,381 to €52,114
of which Land and buildings: -€12,818
- Receivables within one year -€7,375
down €7,375 (-31.3%), from €23,585 to €16,209
- Cash +€3,219
up €3,219 (+11.2%), from €28,814 to €32,032
mainly Depreciation (+€13,267) and Receivables within one year (+€7,375)
- Other debts -€12,408
down €12,408 (-80.0%), from €15,502 to €3,093
- Trade debts -€6,172
down €6,172 (-81.8%), from €7,545 to €1,372
- Tax, wage and social debts +€2,950
up €2,950 (+189%), from €1,560 to €4,510
- Profit (loss) carried forward -€2,527
down €2,527 (-2.2%), from -€117,304 to -€119,832
- Depreciation -€3,766
down €3,766 (-22.1%), from €17,032 to €13,267
- Gross operating margin +€575
up €575 (+4.8%), from €11,876 to €12,451
- Financial charges -€489
down €489 (-66.6%), from €734 to €246
- Other operating charges +€457
up €457 (+53.6%), from €853 to €1,311
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 | €119,702 | €101,544 | -€18,158 | -15.2% |
| Fixed assets | 21/28 | €65,381 | €52,114 | -€13,267 | -20.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €65,381 | €52,114 | -€13,267 | -20.3% |
| Land and buildings | 22 | €63,584 | €50,766 | -€12,818 | -20.2% |
| Furniture and vehicles | 24 | €1,797 | €1,348 | -€449 | -25.0% |
| Current assets | 29/58 | €54,321 | €49,430 | -€4,891 | -9.0% |
| Amounts receivable within one year | 40/41 | €23,585 | €16,209 | -€7,375 | -31.3% |
| Trade receivables | 40 | €23,585 | €16,209 | -€7,375 | -31.3% |
| Cash at bank and in hand | 54/58 | €28,814 | €32,032 | +€3,219 | +11.2% |
| Deferred charges and accrued income | 490/1 | €1,923 | €1,188 | -€734 | -38.2% |
| Total equity and liabilities | 10/49 | €119,702 | €101,544 | -€18,158 | -15.2% |
| Equity | 10/15 | -€104,904 | -€107,432 | -€2,527 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,304 | -€119,832 | -€2,527 | -2.2% |
| Amounts payable | 17/49 | €224,606 | €208,975 | -€15,631 | -7.0% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,606 | €8,975 | -€15,631 | -63.5% |
| Trade debts | 44 | €7,545 | €1,372 | -€6,172 | -81.8% |
| Suppliers | 440/4 | €7,545 | €1,372 | -€6,172 | -81.8% |
| Taxes, remuneration and social security | 45 | €1,560 | €4,510 | +€2,950 | +189% |
| Taxes | 450/3 | €1,560 | €4,510 | +€2,950 | +189% |
| Other amounts payable | 47/48 | €15,502 | €3,093 | -€12,408 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,032 | €13,267 | -€3,766 | -22.1% |
| Other operating charges | 640/8 | €853 | €1,311 | +€457 | +53.6% |
| Gross operating margin | 9900 | €11,876 | €12,451 | +€575 | +4.8% |
| Operating profit (loss) | 9901 | -€6,010 | -€2,127 | +€3,883 | +64.6% |
| Financial income | 75/76B | €49 | €96 | +€48 | +97.5% |
| Recurring financial income | 75 | €49 | €96 | +€48 | +97.5% |
| Financial charges | 65/66B | €734 | €246 | -€489 | -66.6% |
| Recurring financial charges | 65 | €734 | €246 | -€489 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,695 | -€2,276 | +€4,419 | +66.0% |
| Income taxes | 67/77 | €312 | €251 | -€61 | -19.5% |
| Profit (loss) for the period | 9904 | -€7,007 | -€2,527 | +€4,480 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,007 | -€2,527 | +€4,480 | +63.9% |
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 17 October 2026 via checked.be.