MERTENS IMMO & CO: what changed
What changed
MERTENS IMMO & CO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€104,959
2024 · -€98,856+€203,815
Equity
€98,179
2024 · -€6,780+€104,959
Cash
€69,208
2024 · €39,609+€29,599
Balance sheet total
€2.5m
2024 · €2.6m-€62,216
Largest movements
Assets
- Tangible fixed assets -€93,531
down €93,531 (-3.7%), from €2.5m to €2.4m
of which Land and buildings: -€92,996
- Cash +€29,599
up €29,599 (+74.7%), from €39,609 to €69,208
mainly Net result for the year (+€104,959) and Depreciation (+€93,531)
Equity and liabilities
- Debts after one year -€164,536
down €164,536 (-9.5%), from €1.7m to €1.6m
- Profit (loss) carried forward +€98,856
up €98,856, from -€98,856 to €0
Income statement
- Other operating charges -€132,978
down €132,978 (-83.4%), from €159,485 to €26,507
- Gross operating margin +€62,458
up €62,458 (+26.4%), from €237,009 to €299,467
- Financial charges -€13,725
down €13,725 (-16.1%), from €85,195 to €71,470
- Taxes +€3,000
up €3,000, from €0 to €3,000
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.
Result 2024
-€98,856
Gross operating margin
+€62,458
Depreciation
-€2,347
Other operating charges
+€132,978
Financial charges
+€13,725
Taxes
-€3,000
Result 2025
€104,959
raises the resultlowers the result
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.
From operations
+€185,394
Investment
+€0
Financing
-€155,796
Cash 2024
€39,609
From operations (derived)
+€185,394
Net result for the year
+€104,959
Depreciation
+€93,531
Deferred charges and accrued income
-€1,716
Trade debts
-€5,673
Tax, wage and social debts
-€23,432
Advances received
-€5,850
Other debts
+€23,575
Investment (derived)
+€0
Investment in fixed assets (net)
+€0
Financing
-€155,796
Debts after one year
-€164,536
Current portion of long-term debt
+€8,741
Cash 2025
€69,208
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,573,690 | €2,511,474 | -€62,216 | -2.4% |
| Fixed assets | 21/28 | €2,534,080 | €2,440,549 | -€93,531 | -3.7% |
| Tangible fixed assets | 22/27 | €2,534,080 | €2,440,549 | -€93,531 | -3.7% |
| Land and buildings | 22 | €2,531,874 | €2,438,878 | -€92,996 | -3.7% |
| Plant, machinery and equipment | 23 | €2,206 | €1,671 | -€535 | -24.3% |
| Current assets | 29/58 | €39,609 | €70,925 | +€31,315 | +79.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €39,609 | €69,208 | +€29,599 | +74.7% |
| Deferred charges and accrued income | 490/1 | - | €1,716 | +€1,716 | |
| Total equity and liabilities | 10/49 | €2,573,690 | €2,511,474 | -€62,216 | -2.4% |
| Equity | 10/15 | -€6,780 | €98,179 | +€104,959 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,075 | €78,179 | +€6,104 | +8.5% |
| Distributable reserves | 133 | €72,075 | €78,179 | +€6,104 | +8.5% |
| Profit (loss) carried forward | 14 | -€98,856 | €0 | +€98,856 | |
| Amounts payable | 17/49 | €2,580,470 | €2,413,295 | -€167,175 | -6.5% |
| Amounts payable after more than one year | 17 | €1,733,540 | €1,569,004 | -€164,536 | -9.5% |
| Financial debts | 170/4 | €1,733,540 | €1,569,004 | -€164,536 | -9.5% |
| Amounts payable within one year | 42/48 | €846,930 | €844,291 | -€2,639 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €161,646 | €170,386 | +€8,741 | +5.4% |
| Trade debts | 44 | €5,708 | €35 | -€5,673 | -99.4% |
| Suppliers | 440/4 | €5,708 | €35 | -€5,673 | -99.4% |
| Advances received on contracts in progress | 46 | €5,850 | €0 | -€5,850 | -100% |
| Taxes, remuneration and social security | 45 | €29,782 | €6,350 | -€23,432 | -78.7% |
| Taxes | 450/3 | €29,782 | €4,000 | -€25,782 | -86.6% |
| Remuneration and social security | 454/9 | - | €2,350 | +€2,350 | |
| Other amounts payable | 47/48 | €643,945 | €667,520 | +€23,575 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,185 | €93,531 | +€2,347 | +2.6% |
| Other operating charges | 640/8 | €159,485 | €26,507 | -€132,978 | -83.4% |
| Gross operating margin | 9900 | €237,009 | €299,467 | +€62,458 | +26.4% |
| Operating profit (loss) | 9901 | -€13,661 | €179,429 | +€193,090 | |
| Financial charges | 65/66B | €85,195 | €71,470 | -€13,725 | -16.1% |
| Recurring financial charges | 65 | €85,195 | €71,470 | -€13,725 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€98,856 | €107,959 | +€206,815 | |
| Income taxes | 67/77 | €0 | €3,000 | +€3,000 | |
| Profit (loss) for the period | 9904 | -€98,856 | €104,959 | +€203,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,856 | €104,959 | +€203,815 |
Next steps
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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 5 November 2026 via checked.be.