Mertje: 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.
Mertje
Largest movements
- Tangible fixed assets +€761
up €761 (+17.4%), from €4,362 to €5,122
of which Plant, machinery and equipment: +€1,141
- Cash +€400
up €400 (+368%), from €109 to €509
mainly Other debts (+€9,709) and Trade debts (+€7,915)
- Formation expenses -€216
down €216 (-50.0%), from €432 to €216
- Profit (loss) carried forward -€16,783
down €16,783 (-38.7%), from -€43,328 to -€60,111
- Other debts +€9,709
up €9,709 (+24.9%), from €38,919 to €48,627
- Trade debts +€7,915
up €7,915 (+91.7%), from €8,632 to €16,547
- Tax, wage and social debts +€97
up €97 (+52.2%), from €187 to €284
- Gross operating margin -€1,228
down €1,228 (-10.1%), from -€12,219 to -€13,447
- Depreciation +€440
up €440 (+19.8%), from €2,225 to €2,665
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,910 | €5,847 | +€938 | +19.1% |
| Formation expenses | 20 | €432 | €216 | -€216 | -50.0% |
| Fixed assets | 21/28 | €4,362 | €5,122 | +€761 | +17.4% |
| Tangible fixed assets | 22/27 | €4,362 | €5,122 | +€761 | +17.4% |
| Plant, machinery and equipment | 23 | €3,857 | €4,999 | +€1,141 | +29.6% |
| Furniture and vehicles | 24 | €504 | €124 | -€380 | -75.4% |
| Current assets | 29/58 | €116 | €509 | +€393 | +337% |
| Amounts receivable within one year | 40/41 | €8 | - | -€8 | |
| Other amounts receivable | 41 | €8 | - | -€8 | |
| Cash at bank and in hand | 54/58 | €109 | €509 | +€400 | +368% |
| Total equity and liabilities | 10/49 | €4,910 | €5,847 | +€938 | +19.1% |
| Equity | 10/15 | -€42,828 | -€59,611 | -€16,783 | -39.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,328 | -€60,111 | -€16,783 | -38.7% |
| Amounts payable | 17/49 | €47,737 | €65,459 | +€17,721 | +37.1% |
| Amounts payable within one year | 42/48 | €47,737 | €65,459 | +€17,721 | +37.1% |
| Trade debts | 44 | €8,632 | €16,547 | +€7,915 | +91.7% |
| Suppliers | 440/4 | €8,632 | €16,547 | +€7,915 | +91.7% |
| Taxes, remuneration and social security | 45 | €187 | €284 | +€97 | +52.2% |
| Taxes | 450/3 | €187 | €284 | +€97 | +52.2% |
| Other amounts payable | 47/48 | €38,919 | €48,627 | +€9,709 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,225 | €2,665 | +€440 | +19.8% |
| Other operating charges | 640/8 | €704 | €606 | -€98 | -13.9% |
| Gross operating margin | 9900 | -€12,219 | -€13,447 | -€1,228 | -10.1% |
| Operating profit (loss) | 9901 | -€15,148 | -€16,718 | -€1,570 | -10.4% |
| Financial income | 75/76B | €0 | €17 | +€17 | |
| Recurring financial income | 75 | €0 | €17 | +€17 | |
| Financial charges | 65/66B | €0 | €83 | +€82 | +412,400% |
| Recurring financial charges | 65 | €0 | €83 | +€82 | +412,400% |
| Profit (loss) for the period before taxes | 9903 | -€15,148 | -€16,783 | -€1,635 | -10.8% |
| Profit (loss) for the period | 9904 | -€15,148 | -€16,783 | -€1,635 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,148 | -€16,783 | -€1,635 | -10.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.