MERSIN: 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.
MERSIN
Largest movements
- Cash -€2,583
down €2,583 (-74.5%), from €3,468 to €885
mainly Other debts (-€9,233) and Net result for the year (-€6,258)
- Tangible fixed assets -€1,455
down €1,455 (-44.8%), from €3,250 to €1,795
- Stocks and contracts -€1,383
down €1,383 (-19.2%), from €7,193 to €5,810
of which Stocks: -€985
- Receivables within one year -€768
down €768 (-34.9%), from €2,200 to €1,432
of which Trade receivables: -€458
- Other debts -€9,233
down €9,233 (-43.0%), from €21,450 to €12,217
- Profit (loss) carried forward -€6,258
down €6,258 (-17.5%), from -€35,780 to -€42,038
- Tax, wage and social debts +€5,404
up €5,404 (+71.2%), from €7,585 to €12,989
of which Remuneration and social security: +€3,018
- Trade debts +€3,873
new in 2025: €3,873
- Gross operating margin +€12,399
up €12,399 (+31.7%), from €39,169 to €51,568
- Staff costs +€5,981
up €5,981 (+12.5%), from €47,749 to €53,730
- Depreciation -€1,803
down €1,803 (-55.3%), from €3,259 to €1,455
- Other operating charges -€967
down €967 (-30.4%), from €3,183 to €2,216
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 | €18,923 | €12,709 | -€6,214 | -32.8% |
| Fixed assets | 21/28 | €6,062 | €4,582 | -€1,480 | -24.4% |
| Tangible fixed assets | 22/27 | €3,250 | €1,795 | -€1,455 | -44.8% |
| Plant, machinery and equipment | 23 | €3,250 | €1,795 | -€1,455 | -44.8% |
| Financial fixed assets | 28 | €2,812 | €2,787 | -€25 | -0.9% |
| Current assets | 29/58 | €12,861 | €8,127 | -€4,734 | -36.8% |
| Stocks and contracts in progress | 3 | €7,193 | €5,810 | -€1,383 | -19.2% |
| Stocks | 30/36 | €6,795 | €5,810 | -€985 | -14.5% |
| Contracts in progress | 37 | €398 | - | -€398 | |
| Amounts receivable within one year | 40/41 | €2,200 | €1,432 | -€768 | -34.9% |
| Trade receivables | 40 | €628 | €170 | -€458 | -72.9% |
| Other amounts receivable | 41 | €1,572 | €1,262 | -€310 | -19.7% |
| Cash at bank and in hand | 54/58 | €3,468 | €885 | -€2,583 | -74.5% |
| Total equity and liabilities | 10/49 | €18,923 | €12,709 | -€6,214 | -32.8% |
| Equity | 10/15 | -€10,112 | -€16,370 | -€6,258 | -61.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,068 | €7,068 | = | 0.0% |
| Distributable reserves | 133 | €7,068 | €7,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,780 | -€42,038 | -€6,258 | -17.5% |
| Amounts payable | 17/49 | €29,035 | €29,079 | +€44 | +0.2% |
| Amounts payable within one year | 42/48 | €29,035 | €29,079 | +€44 | +0.2% |
| Trade debts | 44 | - | €3,873 | +€3,873 | |
| Suppliers | 440/4 | - | €3,873 | +€3,873 | |
| Taxes, remuneration and social security | 45 | €7,585 | €12,989 | +€5,404 | +71.2% |
| Taxes | 450/3 | €2,481 | €4,867 | +€2,386 | +96.2% |
| Remuneration and social security | 454/9 | €5,104 | €8,122 | +€3,018 | +59.1% |
| Other amounts payable | 47/48 | €21,450 | €12,217 | -€9,233 | -43.0% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €47,749 | €53,730 | +€5,981 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,259 | €1,455 | -€1,803 | -55.3% |
| Other operating charges | 640/8 | €3,183 | €2,216 | -€967 | -30.4% |
| Gross operating margin | 9900 | €39,169 | €51,568 | +€12,399 | +31.7% |
| Operating profit (loss) | 9901 | -€15,022 | -€5,833 | +€9,189 | +61.2% |
| Financial income | 75/76B | €24 | €0 | -€24 | -98.8% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -98.8% |
| Financial charges | 65/66B | €811 | €359 | -€452 | -55.7% |
| Recurring financial charges | 65 | €811 | €359 | -€452 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,809 | -€6,192 | +€9,617 | +60.8% |
| Income taxes | 67/77 | €246 | €66 | -€180 | -73.2% |
| Profit (loss) for the period | 9904 | -€16,055 | -€6,258 | +€9,797 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,055 | -€6,258 | +€9,797 | +61.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.