MERTENS CONSULTING: 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 CONSULTING
Largest movements
- Cash -€17,639
down €17,639 (-23.3%), from €75,645 to €58,006
mainly Contributions, distributions and other (-€42,697) and Other debts (-€10,043)
- Tangible fixed assets -€3,798
down €3,798 (-57.8%), from €6,567 to €2,769
of which Furniture and vehicles: -€3,593
- Receivables within one year -€1,697
down €1,697 (-12.3%), from €13,780 to €12,083
of which Other amounts receivable: -€5,564
- Reserves -€11,836
down €11,836 (-36.4%), from €32,506 to €20,670
- Other debts -€10,043
down €10,043 (-32.4%), from €31,043 to €21,000
- Tax, wage and social debts -€3,497
down €3,497 (-42.9%), from €8,151 to €4,653
- Short-term financial debts +€1,192
up €1,192 (+35.8%), from €3,333 to €4,526
- Trade debts +€1,050
up €1,050 (+44.5%), from €2,360 to €3,410
- Depreciation -€1,544
down €1,544 (-28.9%), from €5,342 to €3,798
- Gross operating margin -€1,364
down €1,364 (-2.5%), from €54,106 to €52,743
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 | €95,993 | €72,859 | -€23,134 | -24.1% |
| Fixed assets | 21/28 | €6,567 | €2,769 | -€3,798 | -57.8% |
| Tangible fixed assets | 22/27 | €6,567 | €2,769 | -€3,798 | -57.8% |
| Plant, machinery and equipment | 23 | €1,282 | €1,077 | -€205 | -16.0% |
| Furniture and vehicles | 24 | €5,286 | €1,692 | -€3,593 | -68.0% |
| Current assets | 29/58 | €89,425 | €70,089 | -€19,336 | -21.6% |
| Amounts receivable within one year | 40/41 | €13,780 | €12,083 | -€1,697 | -12.3% |
| Trade receivables | 40 | €7,654 | €11,521 | +€3,867 | +50.5% |
| Other amounts receivable | 41 | €6,126 | €561 | -€5,564 | -90.8% |
| Cash at bank and in hand | 54/58 | €75,645 | €58,006 | -€17,639 | -23.3% |
| Total equity and liabilities | 10/49 | €95,993 | €72,859 | -€23,134 | -24.1% |
| Equity | 10/15 | €51,106 | €39,270 | -€11,836 | -23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,506 | €20,670 | -€11,836 | -36.4% |
| Distributable reserves | 133 | €32,506 | €20,670 | -€11,836 | -36.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,887 | €33,589 | -€11,298 | -25.2% |
| Amounts payable within one year | 42/48 | €44,887 | €33,589 | -€11,298 | -25.2% |
| Financial debts | 43 | €3,333 | €4,526 | +€1,192 | +35.8% |
| Credit institutions | 430/8 | €3,333 | €4,526 | +€1,192 | +35.8% |
| Trade debts | 44 | €2,360 | €3,410 | +€1,050 | +44.5% |
| Suppliers | 440/4 | €2,360 | €3,410 | +€1,050 | +44.5% |
| Taxes, remuneration and social security | 45 | €8,151 | €4,653 | -€3,497 | -42.9% |
| Taxes | 450/3 | €8,151 | €4,653 | -€3,497 | -42.9% |
| Other amounts payable | 47/48 | €31,043 | €21,000 | -€10,043 | -32.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,868 | €2,023 | +€155 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,342 | €3,798 | -€1,544 | -28.9% |
| Other operating charges | 640/8 | €787 | €809 | +€21 | +2.7% |
| Gross operating margin | 9900 | €54,106 | €52,743 | -€1,364 | -2.5% |
| Operating profit (loss) | 9901 | €46,109 | €46,113 | +€4 | 0.0% |
| Financial income | 75/76B | €216 | €246 | +€30 | +13.9% |
| Recurring financial income | 75 | €216 | €246 | +€30 | +13.9% |
| Financial charges | 65/66B | €1,529 | €1,461 | -€67 | -4.4% |
| Recurring financial charges | 65 | €1,529 | €1,461 | -€67 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €44,796 | €44,898 | +€102 | +0.2% |
| Income taxes | 67/77 | €13,753 | €14,037 | +€285 | +2.1% |
| Profit (loss) for the period | 9904 | €31,043 | €30,861 | -€183 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,043 | €30,861 | -€183 | -0.6% |
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.