Mertens Consultancy Services: 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 Consultancy Services
Largest movements
- Cash -€140,391
down €140,391 (-84.0%), from €167,075 to €26,685
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€11,372)
- Receivables within one year +€11,372
up €11,372 (+70.3%), from €16,184 to €27,556
of which Other amounts receivable: +€8,627
- Deferred charges and accrued income -€1,969
down €1,969 (-27.5%), from €7,153 to €5,183
- Profit (loss) carried forward -€131,895
down €131,895 (-78.6%), from €167,841 to €35,945
- Trade debts +€2,725
up €2,725 (+157%), from €1,732 to €4,457
- Tax, wage and social debts -€2,552
down €2,552 (-18.7%), from €13,618 to €11,065
- Gross operating margin -€48,202
down €48,202 (-63.6%), from €75,791 to €27,590
- Taxes -€7,908
down €7,908 (-51.4%), from €15,382 to €7,474
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 | €194,310 | €61,961 | -€132,349 | -68.1% |
| Fixed assets | 21/28 | €3,898 | €2,537 | -€1,361 | -34.9% |
| Tangible fixed assets | 22/27 | €3,898 | €2,537 | -€1,361 | -34.9% |
| Furniture and vehicles | 24 | €1,834 | €1,006 | -€828 | -45.1% |
| Other tangible fixed assets | 26 | €2,064 | €1,531 | -€533 | -25.8% |
| Current assets | 29/58 | €190,412 | €59,424 | -€130,988 | -68.8% |
| Amounts receivable within one year | 40/41 | €16,184 | €27,556 | +€11,372 | +70.3% |
| Trade receivables | 40 | €14,520 | €17,265 | +€2,745 | +18.9% |
| Other amounts receivable | 41 | €1,664 | €10,291 | +€8,627 | +518% |
| Cash at bank and in hand | 54/58 | €167,075 | €26,685 | -€140,391 | -84.0% |
| Deferred charges and accrued income | 490/1 | €7,153 | €5,183 | -€1,969 | -27.5% |
| Total equity and liabilities | 10/49 | €194,310 | €61,961 | -€132,349 | -68.1% |
| Equity | 10/15 | €177,841 | €45,945 | -€131,895 | -74.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,841 | €35,945 | -€131,895 | -78.6% |
| Amounts payable | 17/49 | €16,469 | €16,016 | -€453 | -2.8% |
| Amounts payable within one year | 42/48 | €16,469 | €16,016 | -€453 | -2.8% |
| Trade debts | 44 | €1,732 | €4,457 | +€2,725 | +157% |
| Suppliers | 440/4 | €1,732 | €4,457 | +€2,725 | +157% |
| Taxes, remuneration and social security | 45 | €13,618 | €11,065 | -€2,552 | -18.7% |
| Taxes | 450/3 | €13,618 | €11,065 | -€2,552 | -18.7% |
| Other amounts payable | 47/48 | €1,119 | €493 | -€626 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €1,361 | +€2 | +0.1% |
| Other operating charges | 640/8 | - | €12 | +€12 | |
| Gross operating margin | 9900 | €75,791 | €27,590 | -€48,202 | -63.6% |
| Operating profit (loss) | 9901 | €74,432 | €26,217 | -€48,215 | -64.8% |
| Financial charges | 65/66B | €90 | €638 | +€548 | +609% |
| Recurring financial charges | 65 | €90 | €638 | +€548 | +609% |
| Profit (loss) for the period before taxes | 9903 | €74,342 | €25,579 | -€48,763 | -65.6% |
| Income taxes | 67/77 | €15,382 | €7,474 | -€7,908 | -51.4% |
| Profit (loss) for the period | 9904 | €58,960 | €18,105 | -€40,856 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,960 | €18,105 | -€40,856 | -69.3% |
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 29 October 2026 via checked.be.