Merx International: 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.
Merx International
Largest movements
- Cash -€135,784
down €135,784 (-48.9%), from €277,848 to €142,064
mainly Investment in fixed assets (net) (-€125,407) and Net result for the year (-€24,366)
- Tangible fixed assets +€120,130
up €120,130 (+246%), from €48,761 to €168,891
of which Furniture and vehicles: +€103,360
- Deferred charges and accrued income -€24,526
down €24,526 (-73.2%), from €33,516 to €8,989
- Receivables after one year +€14,000
new in 2023: €14,000
- Receivables within one year +€11,970
up €11,970 (+6.7%), from €178,371 to €190,341
of which Other amounts receivable: +€11,970
- Profit (loss) carried forward -€24,366
new in 2023: -€24,366
- Accrued charges and deferred income +€21,100
up €21,100 (+22.2%), from €94,916 to €116,016
- Tax, wage and social debts -€10,648
down €10,648 (-25.6%), from €41,614 to €30,966
of which Taxes: -€11,919
- Gross operating margin -€42,875
down €42,875 (-30.9%), from €138,959 to €96,084
- Staff costs +€9,909
up €9,909 (+10.3%), from €96,070 to €105,980
- Financial income +€9,712
up €9,712 (+245,249%), from €4 to €9,716
- Taxes -€9,158
down €9,158 (-78.0%), from €11,738 to €2,580
- Financial charges +€4,865
up €4,865 (+92.8%), from €5,244 to €10,109
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,496 | €524,285 | -€14,211 | -2.6% |
| Fixed assets | 21/28 | €48,761 | €168,891 | +€120,130 | +246% |
| Tangible fixed assets | 22/27 | €48,761 | €168,891 | +€120,130 | +246% |
| Land and buildings | 22 | €36,851 | €35,840 | -€1,011 | -2.7% |
| Plant, machinery and equipment | 23 | €10,930 | €18,909 | +€7,979 | +73.0% |
| Furniture and vehicles | 24 | - | €103,360 | +€103,360 | |
| Other tangible fixed assets | 26 | €980 | €10,782 | +€9,802 | +1,000% |
| Current assets | 29/58 | €489,734 | €355,394 | -€134,340 | -27.4% |
| Amounts receivable after more than one year | 29 | - | €14,000 | +€14,000 | |
| Other amounts receivable | 291 | - | €14,000 | +€14,000 | |
| Amounts receivable within one year | 40/41 | €178,371 | €190,341 | +€11,970 | +6.7% |
| Trade receivables | 40 | €59,737 | €59,737 | = | 0.0% |
| Other amounts receivable | 41 | €118,634 | €130,604 | +€11,970 | +10.1% |
| Cash at bank and in hand | 54/58 | €277,848 | €142,064 | -€135,784 | -48.9% |
| Deferred charges and accrued income | 490/1 | €33,516 | €8,989 | -€24,526 | -73.2% |
| Total equity and liabilities | 10/49 | €538,496 | €524,285 | -€14,211 | -2.6% |
| Equity | 10/15 | €283,047 | €258,681 | -€24,366 | -8.6% |
| 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 | €221,047 | €221,047 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €214,847 | €214,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,366 | -€24,366 | |
| Amounts payable | 17/49 | €255,449 | €265,604 | +€10,156 | +4.0% |
| Amounts payable within one year | 42/48 | €160,533 | €149,588 | -€10,945 | -6.8% |
| Trade debts | 44 | €6,973 | €3,156 | -€3,817 | -54.7% |
| Suppliers | 440/4 | €6,973 | €3,156 | -€3,817 | -54.7% |
| Taxes, remuneration and social security | 45 | €41,614 | €30,966 | -€10,648 | -25.6% |
| Taxes | 450/3 | €28,840 | €16,921 | -€11,919 | -41.3% |
| Remuneration and social security | 454/9 | €12,774 | €14,044 | +€1,270 | +9.9% |
| Other amounts payable | 47/48 | €111,946 | €115,466 | +€3,520 | +3.1% |
| Accrued charges and deferred income | 492/3 | €94,916 | €116,016 | +€21,100 | +22.2% |
| Non-recurring operating income | 76A | - | €16,239 | +€16,239 | |
| Remuneration, social security and pensions | 62 | €96,070 | €105,980 | +€9,909 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,182 | €5,277 | +€2,096 | +65.9% |
| Other operating charges | 640/8 | €3,755 | €6,221 | +€2,466 | +65.7% |
| Gross operating margin | 9900 | €138,959 | €96,084 | -€42,875 | -30.9% |
| Operating profit (loss) | 9901 | €35,952 | -€21,394 | -€57,346 | |
| Financial income | 75/76B | €4 | €9,716 | +€9,712 | +245,249% |
| Recurring financial income | 75 | €4 | €9,716 | +€9,712 | +245,249% |
| Financial charges | 65/66B | €5,244 | €10,109 | +€4,865 | +92.8% |
| Recurring financial charges | 65 | €5,244 | €10,109 | +€4,865 | +92.8% |
| Profit (loss) for the period before taxes | 9903 | €30,712 | -€21,786 | -€52,499 | |
| Income taxes | 67/77 | €11,738 | €2,580 | -€9,158 | -78.0% |
| Profit (loss) for the period | 9904 | €18,974 | -€24,366 | -€43,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,974 | -€24,366 | -€43,340 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.