MERSAY GRONDWERKEN: 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.
MERSAY GRONDWERKEN
Largest movements
- Receivables within one year +€32,935
up €32,935 (+93.5%), from €35,228 to €68,162
of which Trade receivables: +€18,082
- Tangible fixed assets +€1,757
up €1,757 (+10.2%), from €17,253 to €19,009
of which Furniture and vehicles: +€8,468
- Cash -€1,661
down €1,661 (-38.7%), from €4,293 to €2,632
mainly Receivables within one year (-€32,935) and Other debts (-€14,296)
- Profit (loss) carried forward +€42,280
up €42,280 (+685%), from €6,175 to €48,455
- Other debts -€14,296
no longer reported in 2025 (was €14,296)
- Trade debts +€6,435
up €6,435 (+103%), from €6,238 to €12,673
- Debts after one year -€4,345
down €4,345 (-50.8%), from €8,548 to €4,203
- Tax, wage and social debts +€2,887
up €2,887 (+20.1%), from €14,349 to €17,237
of which Taxes: +€12,126
- Gross operating margin +€67,754
up €67,754 (+468%), from €14,473 to €82,228
- Staff costs +€13,861
up €13,861 (+3,694%), from €375 to €14,236
- Taxes +€13,486
up €13,486 (+1,541%), from €875 to €14,361
- Depreciation +€2,164
up €2,164 (+31.1%), from €6,967 to €9,130
- Financial charges -€1,388
down €1,388 (-78.7%), from €1,764 to €376
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 | €58,951 | €91,913 | +€32,961 | +55.9% |
| Fixed assets | 21/28 | €17,253 | €19,009 | +€1,757 | +10.2% |
| Tangible fixed assets | 22/27 | €17,253 | €19,009 | +€1,757 | +10.2% |
| Plant, machinery and equipment | 23 | €1,211 | - | -€1,211 | |
| Furniture and vehicles | 24 | - | €8,468 | +€8,468 | |
| Leasing and similar rights | 25 | €16,042 | €10,542 | -€5,500 | -34.3% |
| Current assets | 29/58 | €41,698 | €72,903 | +€31,205 | +74.8% |
| Stocks and contracts in progress | 3 | €888 | €888 | = | 0.0% |
| Stocks | 30/36 | €888 | €888 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,228 | €68,162 | +€32,935 | +93.5% |
| Trade receivables | 40 | €30,977 | €49,058 | +€18,082 | +58.4% |
| Other amounts receivable | 41 | €4,251 | €19,104 | +€14,853 | +349% |
| Cash at bank and in hand | 54/58 | €4,293 | €2,632 | -€1,661 | -38.7% |
| Deferred charges and accrued income | 490/1 | €1,290 | €1,221 | -€69 | -5.4% |
| Total equity and liabilities | 10/49 | €58,951 | €91,913 | +€32,961 | +55.9% |
| Equity | 10/15 | €11,175 | €53,455 | +€42,280 | +378% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,175 | €48,455 | +€42,280 | +685% |
| Amounts payable | 17/49 | €47,776 | €38,458 | -€9,319 | -19.5% |
| Amounts payable after more than one year | 17 | €8,548 | €4,203 | -€4,345 | -50.8% |
| Financial debts | 170/4 | €8,548 | €4,203 | -€4,345 | -50.8% |
| Amounts payable within one year | 42/48 | €39,228 | €34,255 | -€4,974 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €4,345 | €4,345 | +€0 | 0.0% |
| Trade debts | 44 | €6,238 | €12,673 | +€6,435 | +103% |
| Suppliers | 440/4 | €6,238 | €12,673 | +€6,435 | +103% |
| Taxes, remuneration and social security | 45 | €14,349 | €17,237 | +€2,887 | +20.1% |
| Taxes | 450/3 | €1,775 | €13,901 | +€12,126 | +683% |
| Remuneration and social security | 454/9 | €12,574 | €3,336 | -€9,239 | -73.5% |
| Other amounts payable | 47/48 | €14,296 | - | -€14,296 | |
| Remuneration, social security and pensions | 62 | €375 | €14,236 | +€13,861 | +3,694% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,967 | €9,130 | +€2,164 | +31.1% |
| Other operating charges | 640/8 | €1,362 | €1,844 | +€482 | +35.4% |
| Gross operating margin | 9900 | €14,473 | €82,228 | +€67,754 | +468% |
| Operating profit (loss) | 9901 | €5,769 | €57,017 | +€51,248 | +888% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,764 | €376 | -€1,388 | -78.7% |
| Recurring financial charges | 65 | €1,764 | €376 | -€1,388 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €4,015 | €56,641 | +€52,625 | +1,311% |
| Income taxes | 67/77 | €875 | €14,361 | +€13,486 | +1,541% |
| Profit (loss) for the period | 9904 | €3,140 | €42,280 | +€39,140 | +1,246% |
| Profit (loss) for the period to be appropriated | 9905 | €3,140 | €42,280 | +€39,140 | +1,246% |
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 30 October 2026 via checked.be.