Mersato: 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.
Mersato
Largest movements
- Cash +€34,446
up €34,446 (+22.2%), from €155,008 to €189,454
mainly Net result for the year (+€62,227) and Receivables within one year (+€13,720)
- Tangible fixed assets +€19,359
up €19,359 (+281.8%), from €6,870 to €26,229
- Receivables within one year -€13,720
down €13,720 (-81.5%), from €16,841 to €3,122
of which Trade receivables: -€10,550
- Reserves +€62,227
up €62,227 (+47.6%), from €130,725 to €192,952
of which Distributable reserves: +€62,227
- Other debts -€24,269
down €24,269 (-100.0%), from €24,269 to €0
- Accrued charges and deferred income -€4,239
down €4,239 (-90.0%), from €4,712 to €473
- Tax, wage and social debts +€4,123
up €4,123 (+682.5%), from €604 to €4,727
- Trade debts +€2,537
up €2,537, from €0 to €2,537
- Gross operating margin +€51,642
up €51,642 (+139.4%), from €37,050 to €88,692
- Taxes +€16,895
up €16,895 (+243.6%), from €6,936 to €23,831
- Depreciation -€3,333
down €3,333 (-60.3%), from €5,525 to €2,192
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 | €178,910 | €219,289 | +€40,379 | +22.6% |
| Fixed assets | 21/28 | €6,870 | €26,229 | +€19,359 | +281.8% |
| Tangible fixed assets | 22/27 | €6,870 | €26,229 | +€19,359 | +281.8% |
| Furniture and vehicles | 24 | €6,870 | €26,229 | +€19,359 | +281.8% |
| Current assets | 29/58 | €172,040 | €193,060 | +€21,019 | +12.2% |
| Amounts receivable within one year | 40/41 | €16,841 | €3,122 | -€13,720 | -81.5% |
| Trade receivables | 40 | €10,550 | €0 | -€10,550 | -100.0% |
| Other amounts receivable | 41 | €6,291 | €3,122 | -€3,170 | -50.4% |
| Cash at bank and in hand | 54/58 | €155,008 | €189,454 | +€34,446 | +22.2% |
| Deferred charges and accrued income | 490/1 | €191 | €484 | +€293 | +152.9% |
| Total equity and liabilities | 10/49 | €178,910 | €219,289 | +€40,379 | +22.6% |
| Equity | 10/15 | €149,325 | €211,552 | +€62,227 | +41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,725 | €192,952 | +€62,227 | +47.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €128,865 | €191,092 | +€62,227 | +48.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,585 | €7,737 | -€21,848 | -73.8% |
| Amounts payable within one year | 42/48 | €24,873 | €7,264 | -€17,609 | -70.8% |
| Trade debts | 44 | €0 | €2,537 | +€2,537 | |
| Suppliers | 440/4 | €0 | €2,537 | +€2,537 | |
| Taxes, remuneration and social security | 45 | €604 | €4,727 | +€4,123 | +682.5% |
| Taxes | 450/3 | €604 | €4,727 | +€4,123 | +682.5% |
| Other amounts payable | 47/48 | €24,269 | €0 | -€24,269 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,712 | €473 | -€4,239 | -90.0% |
| Non-recurring operating income | 76A | - | €9,588 | +€9,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,525 | €2,192 | -€3,333 | -60.3% |
| Other operating charges | 640/8 | €668 | €403 | -€266 | -39.8% |
| Non-recurring operating charges | 66A | €213 | €0 | -€213 | -100.0% |
| Gross operating margin | 9900 | €37,050 | €88,692 | +€51,642 | +139.4% |
| Operating profit (loss) | 9901 | €30,643 | €86,097 | +€55,454 | +181.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €46 | €44 | -€2 | -4.7% |
| Recurring financial charges | 65 | €46 | €44 | -€2 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €30,597 | €86,058 | +€55,461 | +181.3% |
| Income taxes | 67/77 | €6,936 | €23,831 | +€16,895 | +243.6% |
| Profit (loss) for the period | 9904 | €23,661 | €62,227 | +€38,566 | +163.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,661 | €62,227 | +€38,566 | +163.0% |
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.