MERTENS K: what changed
What changed
MERTENS K
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
-€6,458
2024 · €8,068-€14,526
Equity
€242,696
2024 · €249,154-€6,458
Cash
€36,720
2024 · €40,846-€4,126
Balance sheet total
€360,807
2024 · €385,682-€24,874
Largest movements
Assets
- Stocks and contracts -€16,280
down €16,280 (-5.7%), from €284,347 to €268,067
- Deferred charges and accrued income -€4,587
down €4,587 (-100%), from €4,587 to €0
- Cash -€4,126
down €4,126 (-10.1%), from €40,846 to €36,720
mainly Investment in fixed assets (net) (-€13,613) and Debts after one year (-€11,042)
Equity and liabilities
- Debts after one year -€11,042
down €11,042 (-44.2%), from €24,988 to €13,946
- Profit (loss) carried forward -€6,458
down €6,458, from €679 to -€5,779
Income statement
- Staff costs +€14,014
up €14,014 (+12.8%), from €109,879 to €123,893
- Depreciation +€5,501
up €5,501 (+51.5%), from €10,678 to €16,180
- Taxes -€2,717
down €2,717 (-95.4%), from €2,847 to €130
- Financial charges -€1,791
down €1,791 (-24.7%), from €7,243 to €5,452
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
€8,068
Gross operating margin
+€502
Staff costs
-€14,014
Depreciation
-€5,501
Other operating charges
-€13
Financial income
-€8
Financial charges
+€1,791
Taxes
+€2,717
Result 2025
-€6,458
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
+€22,899
Investment
-€13,613
Financing
-€13,412
Cash 2024
€40,846
From operations (derived)
+€22,899
Net result for the year
-€6,458
Depreciation
+€16,180
Stocks and contracts
+€16,280
Receivables within one year
-€2,685
Deferred charges and accrued income
+€4,587
Trade debts
-€2,816
Tax, wage and social debts
-€1,056
Other debts
-€1,132
Investment (derived)
-€13,613
Investment in fixed assets (net)
-€13,613
Financing
-€13,412
Debts after one year
-€11,042
Current portion of long-term debt
-€2,370
Cash 2025
€36,720
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,682 | €360,807 | -€24,874 | -6.4% |
| Fixed assets | 21/28 | €53,712 | €51,145 | -€2,567 | -4.8% |
| Tangible fixed assets | 22/27 | €50,997 | €48,431 | -€2,567 | -5.0% |
| Plant, machinery and equipment | 23 | €33,243 | €36,763 | +€3,521 | +10.6% |
| Furniture and vehicles | 24 | €17,755 | €11,667 | -€6,087 | -34.3% |
| Financial fixed assets | 28 | €2,714 | €2,714 | = | 0.0% |
| Current assets | 29/58 | €331,970 | €309,662 | -€22,308 | -6.7% |
| Stocks and contracts in progress | 3 | €284,347 | €268,067 | -€16,280 | -5.7% |
| Stocks | 30/36 | €284,347 | €268,067 | -€16,280 | -5.7% |
| Amounts receivable within one year | 40/41 | €2,190 | €4,875 | +€2,685 | +123% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,190 | €4,875 | +€2,685 | +123% |
| Cash at bank and in hand | 54/58 | €40,846 | €36,720 | -€4,126 | -10.1% |
| Deferred charges and accrued income | 490/1 | €4,587 | €0 | -€4,587 | -100% |
| Total equity and liabilities | 10/49 | €385,682 | €360,807 | -€24,874 | -6.4% |
| Equity | 10/15 | €249,154 | €242,696 | -€6,458 | -2.6% |
| Contributions | 10/11 | €115,592 | €115,592 | = | 0.0% |
| Reserves | 13 | €132,883 | €132,883 | = | 0.0% |
| Distributable reserves | 133 | €132,883 | €132,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €679 | -€5,779 | -€6,458 | |
| Amounts payable | 17/49 | €136,528 | €118,111 | -€18,417 | -13.5% |
| Amounts payable after more than one year | 17 | €24,988 | €13,946 | -€11,042 | -44.2% |
| Financial debts | 170/4 | €24,988 | €13,946 | -€11,042 | -44.2% |
| Amounts payable within one year | 42/48 | €109,140 | €101,765 | -€7,375 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €13,412 | €11,042 | -€2,370 | -17.7% |
| Trade debts | 44 | €13,715 | €10,899 | -€2,816 | -20.5% |
| Suppliers | 440/4 | €13,715 | €10,899 | -€2,816 | -20.5% |
| Taxes, remuneration and social security | 45 | €22,372 | €21,316 | -€1,056 | -4.7% |
| Taxes | 450/3 | €8,709 | €8,757 | +€48 | +0.5% |
| Remuneration and social security | 454/9 | €13,663 | €12,559 | -€1,104 | -8.1% |
| Other amounts payable | 47/48 | €59,640 | €58,508 | -€1,132 | -1.9% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,400 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €109,879 | €123,893 | +€14,014 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,678 | €16,180 | +€5,501 | +51.5% |
| Other operating charges | 640/8 | €670 | €682 | +€13 | +1.9% |
| Gross operating margin | 9900 | €139,358 | €139,861 | +€502 | +0.4% |
| Operating profit (loss) | 9901 | €18,131 | -€895 | -€19,026 | |
| Financial income | 75/76B | €26 | €18 | -€8 | -30.3% |
| Recurring financial income | 75 | €26 | €18 | -€8 | -30.3% |
| Financial charges | 65/66B | €7,243 | €5,452 | -€1,791 | -24.7% |
| Recurring financial charges | 65 | €7,243 | €5,452 | -€1,791 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €10,914 | -€6,328 | -€17,242 | |
| Income taxes | 67/77 | €2,847 | €130 | -€2,717 | -95.4% |
| Profit (loss) for the period | 9904 | €8,068 | -€6,458 | -€14,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,068 | -€6,458 | -€14,526 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.