MERTENS DECKERS: 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 DECKERS
Largest movements
- Cash -€217,070
down €217,070 (-79.7%), from €272,316 to €55,246
mainly Contributions, distributions and other (-€280,000) and Investment in fixed assets (net) (-€132,997)
- Tangible fixed assets +€121,292
up €121,292 (+1,354%), from €8,960 to €130,252
of which Furniture and vehicles: +€123,090
- Receivables within one year +€3,911
up €3,911 (+9.3%), from €42,061 to €45,972
of which Other amounts receivable: +€22,370
- Reserves -€211,000
down €211,000 (-67.8%), from €311,000 to €100,000
- Debts after one year +€78,927
new in 2025: €78,927
- Other debts +€28,172
new in 2025: €28,172
- Current portion of long-term debt +€10,350
new in 2025: €10,350
- Gross operating margin -€14,242
down €14,242 (-12.1%), from €117,303 to €103,061
- Depreciation +€6,394
up €6,394 (+120%), from €5,310 to €11,704
- Taxes -€6,334
down €6,334 (-24.6%), from €25,737 to €19,403
- Financial charges +€2,243
up €2,243 (+930%), from €241 to €2,484
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 | €324,141 | €232,824 | -€91,317 | -28.2% |
| Fixed assets | 21/28 | €8,960 | €130,252 | +€121,292 | +1,354% |
| Tangible fixed assets | 22/27 | €8,960 | €130,252 | +€121,292 | +1,354% |
| Plant, machinery and equipment | 23 | €1,797 | - | -€1,797 | |
| Furniture and vehicles | 24 | €7,162 | €130,252 | +€123,090 | +1,719% |
| Current assets | 29/58 | €315,182 | €102,572 | -€212,610 | -67.5% |
| Amounts receivable within one year | 40/41 | €42,061 | €45,972 | +€3,911 | +9.3% |
| Trade receivables | 40 | €34,551 | €16,092 | -€18,458 | -53.4% |
| Other amounts receivable | 41 | €7,510 | €29,880 | +€22,370 | +298% |
| Cash at bank and in hand | 54/58 | €272,316 | €55,246 | -€217,070 | -79.7% |
| Deferred charges and accrued income | 490/1 | €805 | €1,354 | +€549 | +68.3% |
| Total equity and liabilities | 10/49 | €324,141 | €232,824 | -€91,317 | -28.2% |
| Equity | 10/15 | €312,960 | €101,406 | -€211,554 | -67.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €311,000 | €100,000 | -€211,000 | -67.8% |
| Distributable reserves | 133 | €311,000 | €100,000 | -€211,000 | -67.8% |
| Profit (loss) carried forward | 14 | €960 | €406 | -€554 | -57.7% |
| Amounts payable | 17/49 | €11,181 | €131,418 | +€120,237 | +1,075% |
| Amounts payable after more than one year | 17 | - | €78,927 | +€78,927 | |
| Financial debts | 170/4 | - | €78,927 | +€78,927 | |
| Amounts payable within one year | 42/48 | €10,794 | €52,491 | +€41,697 | +386% |
| Current portion of amounts payable after more than one year | 42 | - | €10,350 | +€10,350 | |
| Trade debts | 44 | €558 | €3,698 | +€3,140 | +562% |
| Suppliers | 440/4 | €558 | €3,698 | +€3,140 | +562% |
| Taxes, remuneration and social security | 45 | €10,236 | €10,272 | +€36 | +0.4% |
| Taxes | 450/3 | €5,737 | €5,737 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,499 | €4,535 | +€36 | +0.8% |
| Other amounts payable | 47/48 | - | €28,172 | +€28,172 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,310 | €11,704 | +€6,394 | +120% |
| Other operating charges | 640/8 | €961 | €1,025 | +€64 | +6.6% |
| Gross operating margin | 9900 | €117,303 | €103,061 | -€14,242 | -12.1% |
| Operating profit (loss) | 9901 | €111,032 | €90,332 | -€20,699 | -18.6% |
| Financial income | 75/76B | €664 | - | -€664 | |
| Recurring financial income | 75 | €664 | - | -€664 | |
| Financial charges | 65/66B | €241 | €2,484 | +€2,243 | +930% |
| Recurring financial charges | 65 | €241 | €2,484 | +€2,243 | +930% |
| Profit (loss) for the period before taxes | 9903 | €111,455 | €87,848 | -€23,606 | -21.2% |
| Income taxes | 67/77 | €25,737 | €19,403 | -€6,334 | -24.6% |
| Profit (loss) for the period | 9904 | €85,718 | €68,446 | -€17,272 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,718 | €68,446 | -€17,272 | -20.1% |
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.