MERVECARS: what changed
Two fiscal 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.
MERVECARS
Largest movements
- Stocks and contracts -€26,449
down €26,449 (-77.2%), from €34,267 to €7,818
- Cash +€3,844
up €3,844 (+22.8%), from €16,860 to €20,704
mainly Stocks and contracts (+€26,449) and Net result for the year (+€4,424)
- Receivables within one year +€2,537
up €2,537 (+12.6%), from €20,163 to €22,700
of which Trade receivables: +€21,630
- Deferred charges and accrued income +€1,850
new in 2025: €1,850
- Tangible fixed assets +€741
new in 2025: €741
- Other debts -€20,654
down €20,654 (-41.1%), from €50,274 to €29,621
- Profit (loss) carried forward +€4,424
up €4,424 (+17.6%), from -€25,189 to -€20,765
- Trade debts -€1,395
down €1,395 (-85.3%), from €1,636 to €241
- Gross operating margin -€5,687
down €5,687 (-49.8%), from €11,418 to €5,731
- Other operating charges +€798
up €798 (+379.7%), from €210 to €1,008
- Depreciation +€207
new in 2025: €207
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.
Cash bridge derived
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 | €71,291 | €53,813 | -€17,477 | -24.5% |
| Fixed assets | 21/28 | - | €741 | +€741 | |
| Tangible fixed assets | 22/27 | - | €741 | +€741 | |
| Furniture and vehicles | 24 | - | €741 | +€741 | |
| Current assets | 29/58 | €71,291 | €53,072 | -€18,218 | -25.6% |
| Stocks and contracts in progress | 3 | €34,267 | €7,818 | -€26,449 | -77.2% |
| Stocks | 30/36 | €34,267 | €7,818 | -€26,449 | -77.2% |
| Amounts receivable within one year | 40/41 | €20,163 | €22,700 | +€2,537 | +12.6% |
| Trade receivables | 40 | €1,070 | €22,700 | +€21,630 | +2021.9% |
| Other amounts receivable | 41 | €19,093 | - | -€19,093 | |
| Cash at bank and in hand | 54/58 | €16,860 | €20,704 | +€3,844 | +22.8% |
| Deferred charges and accrued income | 490/1 | - | €1,850 | +€1,850 | |
| Total equity and liabilities | 10/49 | €71,291 | €53,813 | -€17,477 | -24.5% |
| Equity | 10/15 | €16,725 | €21,149 | +€4,424 | +26.4% |
| Contributions | 10/11 | €41,100 | €41,100 | = | 0.0% |
| Capital | 10 | €41,100 | - | -€41,100 | |
| Issued capital | 100 | €41,100 | - | -€41,100 | |
| Reserves | 13 | €814 | €814 | = | 0.0% |
| Non-distributable reserves | 130/1 | €814 | €814 | = | 0.0% |
| Legal reserve | 130 | €814 | - | -€814 | |
| Reserves not available under the articles | 1311 | - | €814 | +€814 | |
| Profit (loss) carried forward | 14 | -€25,189 | -€20,765 | +€4,424 | +17.6% |
| Amounts payable | 17/49 | €54,565 | €32,664 | -€21,901 | -40.1% |
| Amounts payable within one year | 42/48 | €54,565 | €32,664 | -€21,901 | -40.1% |
| Trade debts | 44 | €1,636 | €241 | -€1,395 | -85.3% |
| Suppliers | 440/4 | €1,636 | €241 | -€1,395 | -85.3% |
| Taxes, remuneration and social security | 45 | €2,655 | €2,803 | +€147 | +5.6% |
| Taxes | 450/3 | €2,655 | €2,803 | +€147 | +5.6% |
| Other amounts payable | 47/48 | €50,274 | €29,621 | -€20,654 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €207 | +€207 | |
| Other operating charges | 640/8 | €210 | €1,008 | +€798 | +379.7% |
| Gross operating margin | 9900 | €11,418 | €5,731 | -€5,687 | -49.8% |
| Operating profit (loss) | 9901 | €11,208 | €4,516 | -€6,692 | -59.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €50 | €92 | +€42 | +84.5% |
| Recurring financial charges | 65 | €50 | €92 | +€42 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €11,158 | €4,424 | -€6,734 | -60.4% |
| Profit (loss) for the period | 9904 | €11,158 | €4,424 | -€6,734 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,158 | €4,424 | -€6,734 | -60.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.