MERSINA: 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.
MERSINA
Largest movements
- Cash -€5,076
down €5,076 (-13.8%), from €36,853 to €31,777
mainly Investment in fixed assets (net) (-€4,966) and Tax, wage and social debts (-€3,033)
- Tangible fixed assets +€2,303
up €2,303 (+55.5%), from €4,147 to €6,450
of which Other tangible fixed assets: +€1,692
- Deferred charges and accrued income +€1,757
up €1,757 (+135.1%), from €1,301 to €3,058
- Receivables within one year +€1,474
up €1,474 (+11.5%), from €12,848 to €14,322
of which Trade receivables: +€2,065
- Stocks and contracts +€1,264
up €1,264 (+9.0%), from €14,014 to €15,278
- Trade debts +€3,509
up €3,509 (+4.4%), from €79,321 to €82,830
- Tax, wage and social debts -€3,033
down €3,033 (-20.6%), from €14,755 to €11,722
of which Remuneration and social security: -€2,039
- Accrued charges and deferred income -€2,568
no longer reported in 2025 (was €2,568)
- Profit (loss) carried forward +€2,257
up €2,257 (+4.1%), from -€54,710 to -€52,453
- Other debts +€1,558
up €1,558 (+14.7%), from €10,568 to €12,125
- Gross operating margin +€25,609
up €25,609 (+15.9%), from €161,538 to €187,146
- Staff costs +€19,344
up €19,344 (+11.9%), from €161,949 to €181,292
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 | €73,261 | €74,984 | +€1,722 | +2.4% |
| Fixed assets | 21/28 | €8,245 | €10,548 | +€2,303 | +27.9% |
| Tangible fixed assets | 22/27 | €4,147 | €6,450 | +€2,303 | +55.5% |
| Furniture and vehicles | 24 | €1,238 | €1,849 | +€611 | +49.4% |
| Other tangible fixed assets | 26 | €2,909 | €4,601 | +€1,692 | +58.2% |
| Financial fixed assets | 28 | €4,098 | €4,098 | = | 0.0% |
| Current assets | 29/58 | €65,017 | €64,436 | -€581 | -0.9% |
| Stocks and contracts in progress | 3 | €14,014 | €15,278 | +€1,264 | +9.0% |
| Stocks | 30/36 | €14,014 | €15,278 | +€1,264 | +9.0% |
| Amounts receivable within one year | 40/41 | €12,848 | €14,322 | +€1,474 | +11.5% |
| Trade receivables | 40 | - | €2,065 | +€2,065 | |
| Other amounts receivable | 41 | €12,848 | €12,257 | -€591 | -4.6% |
| Cash at bank and in hand | 54/58 | €36,853 | €31,777 | -€5,076 | -13.8% |
| Deferred charges and accrued income | 490/1 | €1,301 | €3,058 | +€1,757 | +135.1% |
| Total equity and liabilities | 10/49 | €73,261 | €74,984 | +€1,722 | +2.4% |
| Equity | 10/15 | -€33,950 | -€31,693 | +€2,257 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,360 | €8,360 | = | 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% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,710 | -€52,453 | +€2,257 | +4.1% |
| Amounts payable | 17/49 | €107,211 | €106,677 | -€535 | -0.5% |
| Amounts payable within one year | 42/48 | €104,644 | €106,677 | +€2,033 | +1.9% |
| Trade debts | 44 | €79,321 | €82,830 | +€3,509 | +4.4% |
| Suppliers | 440/4 | €79,321 | €82,830 | +€3,509 | +4.4% |
| Taxes, remuneration and social security | 45 | €14,755 | €11,722 | -€3,033 | -20.6% |
| Taxes | 450/3 | €3,683 | €2,689 | -€995 | -27.0% |
| Remuneration and social security | 454/9 | €11,071 | €9,033 | -€2,039 | -18.4% |
| Other amounts payable | 47/48 | €10,568 | €12,125 | +€1,558 | +14.7% |
| Accrued charges and deferred income | 492/3 | €2,568 | - | -€2,568 | |
| Remuneration, social security and pensions | 62 | €161,949 | €181,292 | +€19,344 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,143 | €2,663 | +€519 | +24.2% |
| Other operating charges | 640/8 | €1,991 | €528 | -€1,463 | -73.5% |
| Gross operating margin | 9900 | €161,538 | €187,146 | +€25,609 | +15.9% |
| Operating profit (loss) | 9901 | -€4,545 | €2,663 | +€7,208 | |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €375 | €262 | -€113 | -30.1% |
| Recurring financial charges | 65 | €375 | €262 | -€113 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,920 | €2,401 | +€7,321 | |
| Income taxes | 67/77 | €165 | €144 | -€21 | -12.7% |
| Profit (loss) for the period | 9904 | -€5,085 | €2,257 | +€7,342 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,085 | €2,257 | +€7,342 |
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 6 October 2026 via checked.be.