MERVEILLE PLUS INTERIM: 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.
MERVEILLE PLUS INTERIM
Largest movements
- Cash -€135,015
down €135,015 (-42.5%), from €317,648 to €182,633
mainly Other debts (-€158,682) and Debts after one year (-€147,858)
- Receivables within one year +€26,847
up €26,847 (+13.9%), from €192,675 to €219,521
of which Other amounts receivable: +€16,076
- Other debts -€158,682
down €158,682 (-25.0%), from €634,340 to €475,658
- Debts after one year -€147,858
down €147,858 (-15.3%), from €968,111 to €820,253
- Reserves +€140,000
up €140,000 (+47.1%), from €297,417 to €437,417
- Tax, wage and social debts +€27,518
up €27,518 (+13.1%), from €209,949 to €237,467
of which Remuneration and social security: +€16,348
- Financial income +€124,579
up €124,579 (+21,264%), from €586 to €125,165
- Staff costs +€74,447
up €74,447 (+5.1%), from €1.5m to €1.5m
- Gross operating margin +€64,258
up €64,258 (+4.2%), from €1.5m to €1.6m
- Financial charges +€49,730
up €49,730 (+2,094%), from €2,375 to €52,105
- Taxes -€17,196
down €17,196 (-69.9%), from €24,590 to €7,394
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 | €2,331,081 | €2,232,079 | -€99,002 | -4.2% |
| Fixed assets | 21/28 | €1,820,758 | €1,820,758 | = | 0.0% |
| Financial fixed assets | 28 | €1,820,758 | €1,820,758 | = | 0.0% |
| Current assets | 29/58 | €510,323 | €411,322 | -€99,002 | -19.4% |
| Amounts receivable within one year | 40/41 | €192,675 | €219,521 | +€26,847 | +13.9% |
| Trade receivables | 40 | €186,142 | €196,912 | +€10,771 | +5.8% |
| Other amounts receivable | 41 | €6,533 | €22,609 | +€16,076 | +246% |
| Cash at bank and in hand | 54/58 | €317,648 | €182,633 | -€135,015 | -42.5% |
| Deferred charges and accrued income | 490/1 | - | €9,167 | +€9,167 | |
| Total equity and liabilities | 10/49 | €2,331,081 | €2,232,079 | -€99,002 | -4.2% |
| Equity | 10/15 | €360,524 | €502,129 | +€141,605 | +39.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €297,417 | €437,417 | +€140,000 | +47.1% |
| Distributable reserves | 133 | €297,417 | €437,417 | +€140,000 | +47.1% |
| Profit (loss) carried forward | 14 | €1,107 | €2,712 | +€1,605 | +145% |
| Provisions and deferred taxes | 16 | €6,930 | €6,930 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,930 | €6,930 | = | 0.0% |
| Other liabilities and charges | 164/5 | €6,930 | €6,930 | = | 0.0% |
| Amounts payable | 17/49 | €1,963,627 | €1,723,020 | -€240,606 | -12.3% |
| Amounts payable after more than one year | 17 | €968,111 | €820,253 | -€147,858 | -15.3% |
| Financial debts | 170/4 | €968,111 | €820,253 | -€147,858 | -15.3% |
| Amounts payable within one year | 42/48 | €994,924 | €881,243 | -€113,682 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €131,889 | €147,858 | +€15,968 | +12.1% |
| Financial debts | 43 | - | €2,519 | +€2,519 | |
| Credit institutions | 430/8 | - | €2,519 | +€2,519 | |
| Trade debts | 44 | €18,746 | €17,741 | -€1,005 | -5.4% |
| Suppliers | 440/4 | €18,746 | €17,741 | -€1,005 | -5.4% |
| Taxes, remuneration and social security | 45 | €209,949 | €237,467 | +€27,518 | +13.1% |
| Taxes | 450/3 | €33,398 | €44,568 | +€11,170 | +33.4% |
| Remuneration and social security | 454/9 | €176,552 | €192,900 | +€16,348 | +9.3% |
| Other amounts payable | 47/48 | €634,340 | €475,658 | -€158,682 | -25.0% |
| Accrued charges and deferred income | 492/3 | €592 | €21,525 | +€20,933 | +3,537% |
| Remuneration, social security and pensions | 62 | €1,453,112 | €1,527,560 | +€74,447 | +5.1% |
| Other operating charges | 640/8 | €140 | €400 | +€260 | +186% |
| Gross operating margin | 9900 | €1,539,641 | €1,603,899 | +€64,258 | +4.2% |
| Operating profit (loss) | 9901 | €86,389 | €75,939 | -€10,449 | -12.1% |
| Financial income | 75/76B | €586 | €125,165 | +€124,579 | +21,264% |
| Recurring financial income | 75 | €586 | €125,165 | +€124,579 | +21,264% |
| Financial charges | 65/66B | €2,375 | €52,105 | +€49,730 | +2,094% |
| Recurring financial charges | 65 | €2,375 | €52,105 | +€49,730 | +2,094% |
| Profit (loss) for the period before taxes | 9903 | €84,600 | €148,999 | +€64,399 | +76.1% |
| Income taxes | 67/77 | €24,590 | €7,394 | -€17,196 | -69.9% |
| Profit (loss) for the period | 9904 | €60,010 | €141,605 | +€81,595 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €60,010 | €141,605 | +€81,595 | +136% |
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 27 October 2026 via checked.be.