Mertens Georges: what changed
Mertens Georges
Largest movements
- Receivables within one year +€5,942
up €5,942 (+253%), from €2,352 to €8,293
of which Other amounts receivable: +€3,076
- Tangible fixed assets -€3,466
down €3,466 (-20.5%), from €16,919 to €13,454
of which Leasing and similar rights: -€3,550
- Cash -€1,002
down €1,002 (-14.0%), from €7,166 to €6,164
mainly Receivables within one year (-€5,942) and Current portion of long-term debt (-€3,305)
- Profit (loss) carried forward +€9,270
up €9,270 (+94.5%), from -€9,810 to -€540
- Current portion of long-term debt -€3,305
down €3,305 (-51.4%), from €6,425 to €3,120
- Debts after one year -€3,120
down €3,120 (-100%), from €3,120 to €0
- Tax, wage and social debts +€2,070
up €2,070 (+172%), from €1,201 to €3,271
- Trade debts -€1,690
down €1,690 (-40.2%), from €4,200 to €2,510
- Gross operating margin +€9,881
up €9,881 (+78.5%), from €12,591 to €22,472
- Taxes +€3,646
up €3,646 (+303%), from €1,201 to €4,847
- Depreciation -€1,539
down €1,539 (-21.9%), from €7,036 to €5,497
- Other operating charges +€1,212
up €1,212 (+116%), from €1,044 to €2,256
- Staff costs -€620
down €620 (-100%), from €620 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,245 | €28,821 | +€1,576 | +5.8% |
| Fixed assets | 21/28 | €16,919 | €13,454 | -€3,466 | -20.5% |
| Tangible fixed assets | 22/27 | €16,919 | €13,454 | -€3,466 | -20.5% |
| Plant, machinery and equipment | 23 | €5,569 | €5,654 | +€84 | +1.5% |
| Leasing and similar rights | 25 | €11,350 | €7,800 | -€3,550 | -31.3% |
| Current assets | 29/58 | €10,326 | €15,368 | +€5,042 | +48.8% |
| Amounts receivable within one year | 40/41 | €2,352 | €8,293 | +€5,942 | +253% |
| Trade receivables | 40 | - | €2,866 | +€2,866 | |
| Other amounts receivable | 41 | €2,352 | €5,427 | +€3,076 | +131% |
| Cash at bank and in hand | 54/58 | €7,166 | €6,164 | -€1,002 | -14.0% |
| Deferred charges and accrued income | 490/1 | €808 | €911 | +€102 | +12.6% |
| Total equity and liabilities | 10/49 | €27,245 | €28,821 | +€1,576 | +5.8% |
| Equity | 10/15 | €10,650 | €19,920 | +€9,270 | +87.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,810 | -€540 | +€9,270 | +94.5% |
| Amounts payable | 17/49 | €16,595 | €8,901 | -€7,694 | -46.4% |
| Amounts payable after more than one year | 17 | €3,120 | €0 | -€3,120 | -100% |
| Financial debts | 170/4 | €3,120 | €0 | -€3,120 | -100% |
| Amounts payable within one year | 42/48 | €13,475 | €8,901 | -€4,574 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €6,425 | €3,120 | -€3,305 | -51.4% |
| Trade debts | 44 | €4,200 | €2,510 | -€1,690 | -40.2% |
| Suppliers | 440/4 | €4,200 | €2,510 | -€1,690 | -40.2% |
| Taxes, remuneration and social security | 45 | €1,201 | €3,271 | +€2,070 | +172% |
| Taxes | 450/3 | €1,201 | €3,271 | +€2,070 | +172% |
| Other amounts payable | 47/48 | €1,649 | €0 | -€1,649 | -100% |
| Remuneration, social security and pensions | 62 | €620 | €0 | -€620 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,036 | €5,497 | -€1,539 | -21.9% |
| Other operating charges | 640/8 | €1,044 | €2,256 | +€1,212 | +116% |
| Gross operating margin | 9900 | €12,591 | €22,472 | +€9,881 | +78.5% |
| Operating profit (loss) | 9901 | €3,891 | €14,719 | +€10,828 | +278% |
| Financial income | 75/76B | €60 | €0 | -€60 | -100% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -100% |
| Financial charges | 65/66B | €904 | €602 | -€302 | -33.4% |
| Recurring financial charges | 65 | €904 | €602 | -€302 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €3,047 | €14,117 | +€11,069 | +363% |
| Income taxes | 67/77 | €1,201 | €4,847 | +€3,646 | +303% |
| Profit (loss) for the period | 9904 | €1,846 | €9,270 | +€7,424 | +402% |
| Profit (loss) for the period to be appropriated | 9905 | €1,846 | €9,270 | +€7,424 | +402% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.