MERTENS KRIS: 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 KRIS
Largest movements
- Tangible fixed assets +€40,723
up €40,723 (+33.7%), from €121,005 to €161,728
of which Furniture and vehicles: +€47,511
- Receivables within one year -€16,745
down €16,745 (-79.9%), from €20,952 to €4,207
of which Trade receivables: -€18,669
- Cash -€16,614
down €16,614 (-14.6%), from €113,447 to €96,832
mainly Investment in fixed assets (net) (-€80,879) and Trade debts (-€20,654)
- Trade debts -€20,654
down €20,654 (-81.7%), from €25,295 to €4,640
- Debts after one year +€12,706
up €12,706 (+41.1%), from €30,929 to €43,636
- Current portion of long-term debt +€9,856
up €9,856 (+68.4%), from €14,410 to €24,266
- Tax, wage and social debts -€5,023
down €5,023 (-100%), from €5,023 to €0
of which Taxes: -€5,023
- Other debts +€4,019
up €4,019 (+15.1%), from €26,674 to €30,693
- Gross operating margin -€293,395
down €293,395 (-84.7%), from €346,366 to €52,971
- Taxes -€69,615
down €69,615 (-95.1%), from €73,200 to €3,584
- Financial charges -€42,613
down €42,613 (-88.5%), from €48,159 to €5,545
- Other operating charges -€7,912
down €7,912 (-79.5%), from €9,947 to €2,035
- Depreciation +€3,738
up €3,738 (+10.3%), from €36,418 to €40,156
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 | €357,379 | €364,468 | +€7,089 | +2.0% |
| Fixed assets | 21/28 | €121,005 | €161,728 | +€40,723 | +33.7% |
| Tangible fixed assets | 22/27 | €121,005 | €161,728 | +€40,723 | +33.7% |
| Land and buildings | 22 | €78,638 | €69,800 | -€8,838 | -11.2% |
| Plant, machinery and equipment | 23 | €2,744 | €4,794 | +€2,050 | +74.7% |
| Furniture and vehicles | 24 | €39,623 | €87,134 | +€47,511 | +120% |
| Current assets | 29/58 | €236,374 | €202,740 | -€33,634 | -14.2% |
| Amounts receivable within one year | 40/41 | €20,952 | €4,207 | -€16,745 | -79.9% |
| Trade receivables | 40 | €20,952 | €2,283 | -€18,669 | -89.1% |
| Other amounts receivable | 41 | €0 | €1,924 | +€1,924 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,447 | €96,832 | -€16,614 | -14.6% |
| Deferred charges and accrued income | 490/1 | €1,976 | €1,701 | -€275 | -13.9% |
| Total equity and liabilities | 10/49 | €357,379 | €364,468 | +€7,089 | +2.0% |
| Equity | 10/15 | €255,048 | €258,845 | +€3,797 | +1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €242,648 | €246,445 | +€3,797 | +1.6% |
| Distributable reserves | 133 | €242,648 | €246,445 | +€3,797 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €102,331 | €105,623 | +€3,292 | +3.2% |
| Amounts payable after more than one year | 17 | €30,929 | €43,636 | +€12,706 | +41.1% |
| Financial debts | 170/4 | €30,929 | €43,636 | +€12,706 | +41.1% |
| Amounts payable within one year | 42/48 | €71,402 | €59,599 | -€11,803 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €14,410 | €24,266 | +€9,856 | +68.4% |
| Trade debts | 44 | €25,295 | €4,640 | -€20,654 | -81.7% |
| Suppliers | 440/4 | €25,295 | €4,640 | -€20,654 | -81.7% |
| Taxes, remuneration and social security | 45 | €5,023 | €0 | -€5,023 | -100% |
| Taxes | 450/3 | €5,023 | €0 | -€5,023 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,674 | €30,693 | +€4,019 | +15.1% |
| Accrued charges and deferred income | 492/3 | - | €2,389 | +€2,389 | |
| Non-recurring operating income | 76A | €344,599 | €0 | -€344,599 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,418 | €40,156 | +€3,738 | +10.3% |
| Other operating charges | 640/8 | €9,947 | €2,035 | -€7,912 | -79.5% |
| Gross operating margin | 9900 | €346,366 | €52,971 | -€293,395 | -84.7% |
| Operating profit (loss) | 9901 | €300,002 | €10,780 | -€289,222 | -96.4% |
| Financial income | 75/76B | - | €2,147 | +€2,147 | |
| Recurring financial income | 75 | - | €2,147 | +€2,147 | |
| Financial charges | 65/66B | €48,159 | €5,545 | -€42,613 | -88.5% |
| Recurring financial charges | 65 | €48,159 | €5,545 | -€42,613 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €251,843 | €7,381 | -€244,462 | -97.1% |
| Income taxes | 67/77 | €73,200 | €3,584 | -€69,615 | -95.1% |
| Profit (loss) for the period | 9904 | €178,644 | €3,797 | -€174,847 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €178,644 | €3,797 | -€174,847 | -97.9% |
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 24 October 2026 via checked.be.