MERTES HANDELSGESELLSCHAFT: what changed
MERTES HANDELSGESELLSCHAFT
Largest movements
- Stocks and contracts -€107,656
down €107,656 (-8.6%), from €1.3m to €1.1m
- Tangible fixed assets -€91,931
down €91,931 (-13.2%), from €694,695 to €602,764
of which Plant, machinery and equipment: -€46,519
- Cash -€22,675
down €22,675 (-42.0%), from €54,050 to €31,375
mainly Debts after one year (-€103,779) and Net result for the year (-€96,680)
- Debts after one year -€103,779
down €103,779 (-10.8%), from €963,764 to €859,985
of which Financial debts: -€72,620
- Profit (loss) carried forward -€96,680
down €96,680 (-33.2%), from €291,506 to €194,826
- Trade debts -€29,157
down €29,157 (-38.9%), from €75,000 to €45,843
- Tax, wage and social debts -€23,744
down €23,744 (-75.0%), from €31,654 to €7,910
of which Remuneration and social security: -€16,737
- Gross operating margin -€103,947
down €103,947 (-43.3%), from €240,161 to €136,215
- Staff costs -€31,926
down €31,926 (-28.8%), from €111,020 to €79,094
- Depreciation +€14,812
up €14,812 (+19.0%), from €78,076 to €92,887
- Financial charges -€6,393
down €6,393 (-12.1%), from €52,678 to €46,286
- Other operating charges +€3,125
up €3,125 (+26.4%), from €11,819 to €14,944
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 | €2,109,444 | €1,867,512 | -€241,932 | -11.5% |
| Fixed assets | 21/28 | €694,695 | €602,764 | -€91,931 | -13.2% |
| Tangible fixed assets | 22/27 | €694,695 | €602,764 | -€91,931 | -13.2% |
| Plant, machinery and equipment | 23 | €383,342 | €336,823 | -€46,519 | -12.1% |
| Furniture and vehicles | 24 | €2,886 | €1,541 | -€1,345 | -46.6% |
| Leasing and similar rights | 25 | €308,467 | €264,400 | -€44,067 | -14.3% |
| Current assets | 29/58 | €1,414,749 | €1,264,748 | -€150,001 | -10.6% |
| Stocks and contracts in progress | 3 | €1,257,000 | €1,149,344 | -€107,656 | -8.6% |
| Stocks | 30/36 | €1,257,000 | €1,149,344 | -€107,656 | -8.6% |
| Amounts receivable within one year | 40/41 | €94,156 | €74,381 | -€19,775 | -21.0% |
| Trade receivables | 40 | €86,991 | €70,625 | -€16,366 | -18.8% |
| Other amounts receivable | 41 | €7,165 | €3,756 | -€3,408 | -47.6% |
| Cash at bank and in hand | 54/58 | €54,050 | €31,375 | -€22,675 | -42.0% |
| Deferred charges and accrued income | 490/1 | €9,543 | €9,647 | +€104 | +1.1% |
| Total equity and liabilities | 10/49 | €2,109,444 | €1,867,512 | -€241,932 | -11.5% |
| Equity | 10/15 | €525,141 | €428,460 | -€96,680 | -18.4% |
| Contributions | 10/11 | €212,395 | €212,395 | = | 0.0% |
| Reserves | 13 | €21,239 | €21,239 | = | 0.0% |
| Distributable reserves | 133 | €21,239 | €21,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | €291,506 | €194,826 | -€96,680 | -33.2% |
| Amounts payable | 17/49 | €1,584,303 | €1,439,052 | -€145,252 | -9.2% |
| Amounts payable after more than one year | 17 | €963,764 | €859,985 | -€103,779 | -10.8% |
| Financial debts | 170/4 | €529,176 | €456,557 | -€72,620 | -13.7% |
| Other amounts payable | 178/9 | €434,588 | €403,429 | -€31,159 | -7.2% |
| Amounts payable within one year | 42/48 | €620,539 | €579,066 | -€41,473 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €73,885 | €75,314 | +€1,428 | +1.9% |
| Financial debts | 43 | €440,000 | €450,000 | +€10,000 | +2.3% |
| Credit institutions | 430/8 | €440,000 | €450,000 | +€10,000 | +2.3% |
| Trade debts | 44 | €75,000 | €45,843 | -€29,157 | -38.9% |
| Suppliers | 440/4 | €75,000 | €45,843 | -€29,157 | -38.9% |
| Taxes, remuneration and social security | 45 | €31,654 | €7,910 | -€23,744 | -75.0% |
| Taxes | 450/3 | €8,725 | €1,718 | -€7,007 | -80.3% |
| Remuneration and social security | 454/9 | €22,929 | €6,191 | -€16,737 | -73.0% |
| Non-recurring operating income | 76A | - | €4,957 | +€4,957 | |
| Remuneration, social security and pensions | 62 | €111,020 | €79,094 | -€31,926 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,076 | €92,887 | +€14,812 | +19.0% |
| Other operating charges | 640/8 | €11,819 | €14,944 | +€3,125 | +26.4% |
| Gross operating margin | 9900 | €240,161 | €136,215 | -€103,947 | -43.3% |
| Operating profit (loss) | 9901 | €39,248 | -€50,710 | -€89,958 | |
| Financial income | 75/76B | €1,378 | €315 | -€1,062 | -77.1% |
| Recurring financial income | 75 | €1,378 | €315 | -€1,062 | -77.1% |
| Financial charges | 65/66B | €52,678 | €46,286 | -€6,393 | -12.1% |
| Recurring financial charges | 65 | €52,678 | €46,286 | -€6,393 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,053 | -€96,680 | -€84,627 | -702% |
| Profit (loss) for the period | 9904 | -€12,053 | -€96,680 | -€84,627 | -702% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,053 | -€96,680 | -€84,627 | -702% |
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 4 November 2026 via checked.be.