MERTENS: 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.
MERTENS
Largest movements
- Cash -€30,265
down €30,265 (-98.8%), from €30,622 to €356
mainly Net result for the year (-€49,580) and Receivables within one year (-€13,338)
- Receivables within one year +€13,338
up €13,338 (+54.6%), from €24,449 to €37,786
of which Trade receivables: +€16,250
- Tangible fixed assets -€892
down €892 (-17.3%), from €5,155 to €4,263
of which Other tangible fixed assets: -€684
- Profit (loss) carried forward -€49,580
down €49,580 (-7.3%), from -€677,015 to -€726,596
- Trade debts +€19,446
up €19,446 (+14.6%), from €132,789 to €152,235
- Other debts +€13,826
up €13,826 (+3.4%), from €405,636 to €419,463
- Tax, wage and social debts -€1,978
down €1,978 (-26.7%), from €7,414 to €5,436
- Gross operating margin -€216,809
down €216,809, from €202,603 to -€14,206
- Other operating charges -€63,560
down €63,560 (-92.8%), from €68,518 to €4,957
- Financial charges -€41,595
down €41,595 (-58.5%), from €71,144 to €29,550
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,175 | €44,356 | -€17,820 | -28.7% |
| Fixed assets | 21/28 | €7,105 | €6,213 | -€892 | -12.6% |
| Tangible fixed assets | 22/27 | €5,155 | €4,263 | -€892 | -17.3% |
| Plant, machinery and equipment | 23 | €312 | €105 | -€207 | -66.4% |
| Other tangible fixed assets | 26 | €4,843 | €4,158 | -€684 | -14.1% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €55,070 | €38,142 | -€16,928 | -30.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,449 | €37,786 | +€13,338 | +54.6% |
| Trade receivables | 40 | €21,536 | €37,786 | +€16,250 | +75.5% |
| Other amounts receivable | 41 | €2,912 | €0 | -€2,912 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €30,622 | €356 | -€30,265 | -98.8% |
| Total equity and liabilities | 10/49 | €62,175 | €44,356 | -€17,820 | -28.7% |
| Equity | 10/15 | -€582,932 | -€632,512 | -€49,580 | -8.5% |
| Contributions | 10/11 | €89,621 | €89,621 | = | 0.0% |
| Reserves | 13 | €4,462 | €4,462 | = | 0.0% |
| Distributable reserves | 133 | €4,462 | €4,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€677,015 | -€726,596 | -€49,580 | -7.3% |
| Amounts payable | 17/49 | €645,107 | €676,868 | +€31,761 | +4.9% |
| Amounts payable within one year | 42/48 | €645,107 | €676,868 | +€31,761 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €223 | €690 | +€467 | +209% |
| Credit institutions | 430/8 | €223 | €690 | +€467 | +209% |
| Trade debts | 44 | €132,789 | €152,235 | +€19,446 | +14.6% |
| Suppliers | 440/4 | €132,789 | €152,235 | +€19,446 | +14.6% |
| Advances received on contracts in progress | 46 | €99,045 | €99,045 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,414 | €5,436 | -€1,978 | -26.7% |
| Taxes | 450/3 | €7,414 | €5,436 | -€1,978 | -26.7% |
| Other amounts payable | 47/48 | €405,636 | €419,463 | +€13,826 | +3.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903 | €892 | -€11 | -1.2% |
| Other operating charges | 640/8 | €68,518 | €4,957 | -€63,560 | -92.8% |
| Gross operating margin | 9900 | €202,603 | -€14,206 | -€216,809 | |
| Operating profit (loss) | 9901 | €133,183 | -€20,055 | -€153,238 | |
| Financial income | 75/76B | €143 | €24 | -€119 | -83.3% |
| Recurring financial income | 75 | €143 | €24 | -€119 | -83.3% |
| Financial charges | 65/66B | €71,144 | €29,550 | -€41,595 | -58.5% |
| Recurring financial charges | 65 | €71,144 | €29,550 | -€41,595 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €62,182 | -€49,580 | -€111,762 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €62,182 | -€49,580 | -€111,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,182 | -€49,580 | -€111,762 |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.