MERSCH AGRI SOLUTIONS: 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.
MERSCH AGRI SOLUTIONS
Largest movements
- Receivables within one year +€347,792
up €347,792 (+91.0%), from €382,203 to €729,995
of which Trade receivables: +€347,595
- Stocks and contracts -€270,728
down €270,728 (-43.0%), from €629,052 to €358,323
- Trade debts -€192,908
down €192,908 (-27.6%), from €699,341 to €506,433
- Reserves +€87,419
up €87,419 (+17.7%), from €494,603 to €582,022
- Tax, wage and social debts +€81,993
up €81,993 (+570%), from €14,380 to €96,374
of which Taxes: +€78,931
- Debts after one year +€41,003
up €41,003 (+80.3%), from €51,071 to €92,074
- Other debts +€28,048
up €28,048 (+9.6%), from €292,566 to €320,614
- Staff costs +€38,535
up €38,535 (+43.3%), from €89,010 to €127,545
- Depreciation -€9,056
down €9,056 (-9.0%), from €100,541 to €91,485
- Financial charges -€7,063
down €7,063 (-47.8%), from €14,764 to €7,702
- Gross operating margin +€7,029
up €7,029 (+2.0%), from €349,630 to €356,659
- Taxes -€4,074
down €4,074 (-10.3%), from €39,564 to €35,490
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 | €1,882,743 | €1,943,458 | +€60,714 | +3.2% |
| Fixed assets | 21/28 | €386,718 | €390,714 | +€3,996 | +1.0% |
| Tangible fixed assets | 22/27 | €386,718 | €390,714 | +€3,996 | +1.0% |
| Plant, machinery and equipment | 23 | €5,065 | €2,192 | -€2,873 | -56.7% |
| Furniture and vehicles | 24 | €311,141 | €333,801 | +€22,660 | +7.3% |
| Other tangible fixed assets | 26 | €70,513 | €54,721 | -€15,792 | -22.4% |
| Current assets | 29/58 | €1,496,025 | €1,552,743 | +€56,718 | +3.8% |
| Stocks and contracts in progress | 3 | €629,052 | €358,323 | -€270,728 | -43.0% |
| Stocks | 30/36 | €629,052 | €358,323 | -€270,728 | -43.0% |
| Amounts receivable within one year | 40/41 | €382,203 | €729,995 | +€347,792 | +91.0% |
| Trade receivables | 40 | €382,203 | €729,798 | +€347,595 | +90.9% |
| Other amounts receivable | 41 | €0 | €197 | +€197 | |
| Cash at bank and in hand | 54/58 | €475,719 | €457,149 | -€18,570 | -3.9% |
| Deferred charges and accrued income | 490/1 | €9,051 | €7,276 | -€1,775 | -19.6% |
| Total equity and liabilities | 10/49 | €1,882,743 | €1,943,458 | +€60,714 | +3.2% |
| Equity | 10/15 | €619,241 | €706,660 | +€87,419 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €494,603 | €582,022 | +€87,419 | +17.7% |
| Distributable reserves | 133 | €494,603 | €582,022 | +€87,419 | +17.7% |
| Profit (loss) carried forward | 14 | €106,038 | €106,038 | = | 0.0% |
| Amounts payable | 17/49 | €1,263,503 | €1,236,798 | -€26,705 | -2.1% |
| Amounts payable after more than one year | 17 | €51,071 | €92,074 | +€41,003 | +80.3% |
| Financial debts | 170/4 | €51,071 | €92,074 | +€41,003 | +80.3% |
| Amounts payable within one year | 42/48 | €1,212,432 | €1,144,723 | -€67,708 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €106,145 | €121,302 | +€15,158 | +14.3% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €699,341 | €506,433 | -€192,908 | -27.6% |
| Suppliers | 440/4 | €699,341 | €506,433 | -€192,908 | -27.6% |
| Taxes, remuneration and social security | 45 | €14,380 | €96,374 | +€81,993 | +570% |
| Taxes | 450/3 | €9,330 | €88,261 | +€78,931 | +846% |
| Remuneration and social security | 454/9 | €5,051 | €8,113 | +€3,062 | +60.6% |
| Other amounts payable | 47/48 | €292,566 | €320,614 | +€28,048 | +9.6% |
| Non-recurring operating income | 76A | €105,016 | €34,175 | -€70,841 | -67.5% |
| Remuneration, social security and pensions | 62 | €89,010 | €127,545 | +€38,535 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,541 | €91,485 | -€9,056 | -9.0% |
| Other operating charges | 640/8 | €7,400 | €7,368 | -€32 | -0.4% |
| Non-recurring operating charges | 66A | €1,400 | €0 | -€1,400 | -100% |
| Gross operating margin | 9900 | €349,630 | €356,659 | +€7,029 | +2.0% |
| Operating profit (loss) | 9901 | €151,279 | €130,262 | -€21,018 | -13.9% |
| Financial income | 75/76B | €613 | €349 | -€264 | -43.1% |
| Recurring financial income | 75 | €613 | €349 | -€264 | -43.1% |
| Financial charges | 65/66B | €14,764 | €7,702 | -€7,063 | -47.8% |
| Recurring financial charges | 65 | €14,764 | €7,702 | -€7,063 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €137,129 | €122,909 | -€14,220 | -10.4% |
| Income taxes | 67/77 | €39,564 | €35,490 | -€4,074 | -10.3% |
| Profit (loss) for the period | 9904 | €97,565 | €87,419 | -€10,146 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,565 | €87,419 | -€10,146 | -10.4% |
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 28 October 2026 via checked.be.