MERSAN: 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.
MERSAN
Largest movements
- Cash +€87,506
up €87,506 (+93.2%), from €93,861 to €181,367
mainly Net result for the year (+€79,290) and Receivables within one year (+€22,068)
- Receivables within one year -€22,068
down €22,068 (-45.2%), from €48,848 to €26,780
of which Other amounts receivable: -€16,039
- Profit (loss) carried forward +€79,290
up €79,290 (+86.0%), from €92,241 to €171,531
- Trade debts -€10,887
down €10,887 (-26.6%), from €40,935 to €30,048
- Tax, wage and social debts -€9,177
down €9,177 (-92.4%), from €9,934 to €757
of which Taxes: -€6,104
- Debts after one year +€3,445
up €3,445 (+80.4%), from €4,286 to €7,731
- Current portion of long-term debt +€2,950
new in 2024: €2,950
- Purchases and services +€57,036
up €57,036 (+16.7%), from €340,812 to €397,848
- Gross operating margin +€35,889
up €35,889 (+47.8%), from €75,160 to €111,049
- Depreciation +€1,381
up €1,381 (+10.3%), from €13,362 to €14,744
- Other operating charges -€1,159
down €1,159 (-37.7%), from €3,076 to €1,917
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.
Derived cash bridge
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 | €162,856 | €228,476 | +€65,621 | +40.3% |
| Fixed assets | 21/28 | €19,802 | €18,365 | -€1,437 | -7.3% |
| Tangible fixed assets | 22/27 | €19,709 | €18,272 | -€1,437 | -7.3% |
| Plant, machinery and equipment | 23 | €6,589 | €4,295 | -€2,293 | -34.8% |
| Furniture and vehicles | 24 | €13,120 | €13,977 | +€857 | +6.5% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €143,054 | €210,111 | +€67,057 | +46.9% |
| Amounts receivable within one year | 40/41 | €48,848 | €26,780 | -€22,068 | -45.2% |
| Trade receivables | 40 | €12,301 | €6,272 | -€6,029 | -49.0% |
| Other amounts receivable | 41 | €36,548 | €20,508 | -€16,039 | -43.9% |
| Cash at bank and in hand | 54/58 | €93,861 | €181,367 | +€87,506 | +93.2% |
| Deferred charges and accrued income | 490/1 | €344 | €1,963 | +€1,619 | +470% |
| Total equity and liabilities | 10/49 | €162,856 | €228,476 | +€65,621 | +40.3% |
| Equity | 10/15 | €107,701 | €186,991 | +€79,290 | +73.6% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 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 | €92,241 | €171,531 | +€79,290 | +86.0% |
| Amounts payable | 17/49 | €55,155 | €41,485 | -€13,669 | -24.8% |
| Amounts payable after more than one year | 17 | €4,286 | €7,731 | +€3,445 | +80.4% |
| Financial debts | 170/4 | €4,286 | €7,731 | +€3,445 | +80.4% |
| Amounts payable within one year | 42/48 | €50,869 | €33,755 | -€17,114 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,950 | +€2,950 | |
| Trade debts | 44 | €40,935 | €30,048 | -€10,887 | -26.6% |
| Suppliers | 440/4 | €40,935 | €30,048 | -€10,887 | -26.6% |
| Taxes, remuneration and social security | 45 | €9,934 | €757 | -€9,177 | -92.4% |
| Taxes | 450/3 | €6,861 | €757 | -€6,104 | -89.0% |
| Remuneration and social security | 454/9 | €3,073 | - | -€3,073 | |
| Goods, raw materials, services and sundry goods | 60/61 | €340,812 | €397,848 | +€57,036 | +16.7% |
| Remuneration, social security and pensions | 62 | €13,566 | €13,352 | -€214 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,362 | €14,744 | +€1,381 | +10.3% |
| Other operating charges | 640/8 | €3,076 | €1,917 | -€1,159 | -37.7% |
| Gross operating margin | 9900 | €75,160 | €111,049 | +€35,889 | +47.8% |
| Operating profit (loss) | 9901 | €45,155 | €81,036 | +€35,881 | +79.5% |
| Financial charges | 65/66B | €979 | €1,746 | +€766 | +78.3% |
| Recurring financial charges | 65 | €979 | €1,746 | +€766 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | €44,176 | €79,290 | +€35,114 | +79.5% |
| Profit (loss) for the period | 9904 | €44,176 | €79,290 | +€35,114 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,176 | €79,290 | +€35,114 | +79.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.