MERY - BOIS: 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.
MERY - BOIS
Largest movements
- Tangible fixed assets -€1.3m
down €1.3m (-68.6%), from €1.9m to €609,596
of which Assets under construction and advance payments: -€845,366
- Receivables within one year +€460,701
up €460,701 (+40.1%), from €1.1m to €1.6m
of which Other amounts receivable: +€376,186
- Cash +€418,020
up €418,020 (+53.1%), from €787,556 to €1.2m
mainly Investment in fixed assets (net) (+€1.1m) and Net result for the year (+€641,984)
- Stocks and contracts +€174,779
up €174,779 (+9.1%), from €1.9m to €2.1m
- Trade debts -€187,345
down €187,345 (-13.8%), from €1.4m to €1.2m
- Short-term financial debts +€83,184
up €83,184 (+147%), from €56,464 to €139,648
- Debts after one year -€73,585
down €73,585 (-41.1%), from €179,017 to €105,432
- Profit (loss) carried forward -€69,297
down €69,297 (-1.8%), from €3.8m to €3.7m
- Gross operating margin -€350,275
down €350,275 (-13.6%), from €2.6m to €2.2m
- Depreciation -€135,157
down €135,157 (-35.1%), from €384,535 to €249,378
- Taxes +€64,143
up €64,143 (+45.2%), from €141,902 to €206,045
- Financial income +€30,245
up €30,245 (+49.7%), from €60,836 to €91,081
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 | €5,818,934 | €5,559,082 | -€259,851 | -4.5% |
| Fixed assets | 21/28 | €1,943,052 | €609,596 | -€1.3m | -68.6% |
| Tangible fixed assets | 22/27 | €1,943,052 | €609,596 | -€1.3m | -68.6% |
| Plant, machinery and equipment | 23 | €734,420 | €263,034 | -€471,386 | -64.2% |
| Furniture and vehicles | 24 | €348,577 | €346,562 | -€2,015 | -0.6% |
| Other tangible fixed assets | 26 | €14,689 | - | -€14,689 | |
| Assets under construction and advance payments | 27 | €845,366 | - | -€845,366 | |
| Current assets | 29/58 | €3,875,881 | €4,949,487 | +€1.1m | +27.7% |
| Stocks and contracts in progress | 3 | €1,921,849 | €2,096,628 | +€174,779 | +9.1% |
| Stocks | 30/36 | €1,921,849 | €2,096,628 | +€174,779 | +9.1% |
| Amounts receivable within one year | 40/41 | €1,149,844 | €1,610,545 | +€460,701 | +40.1% |
| Trade receivables | 40 | €1,127,923 | €1,212,439 | +€84,516 | +7.5% |
| Other amounts receivable | 41 | €21,921 | €398,107 | +€376,186 | +1,716% |
| Cash at bank and in hand | 54/58 | €787,556 | €1,205,576 | +€418,020 | +53.1% |
| Deferred charges and accrued income | 490/1 | €16,632 | €36,737 | +€20,105 | +121% |
| Total equity and liabilities | 10/49 | €5,818,934 | €5,559,082 | -€259,851 | -4.5% |
| Equity | 10/15 | €3,909,337 | €3,801,190 | -€108,147 | -2.8% |
| Contributions | 10/11 | €99,157 | €72,035 | -€27,123 | -27.4% |
| Capital | 10 | €99,157 | €72,035 | -€27,123 | -27.4% |
| Issued capital | 100 | €99,157 | €72,035 | -€27,123 | -27.4% |
| Reserves | 13 | €56,173 | €44,446 | -€11,727 | -20.9% |
| Non-distributable reserves | 130/1 | €9,916 | €7,203 | -€2,712 | -27.4% |
| Legal reserve | 130 | €9,916 | €7,203 | -€2,712 | -27.4% |
| Tax-exempt reserves | 132 | €46,257 | €35,780 | -€10,477 | -22.6% |
| Distributable reserves | 133 | - | €1,462 | +€1,462 | |
| Profit (loss) carried forward | 14 | €3,754,007 | €3,684,710 | -€69,297 | -1.8% |
| Amounts payable | 17/49 | €1,909,596 | €1,757,892 | -€151,704 | -7.9% |
| Amounts payable after more than one year | 17 | €179,017 | €105,432 | -€73,585 | -41.1% |
| Financial debts | 170/4 | €179,017 | €105,432 | -€73,585 | -41.1% |
| Amounts payable within one year | 42/48 | €1,730,579 | €1,652,460 | -€78,119 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €70,525 | €73,585 | +€3,060 | +4.3% |
| Financial debts | 43 | €56,464 | €139,648 | +€83,184 | +147% |
| Credit institutions | 430/8 | €56,464 | €139,648 | +€83,184 | +147% |
| Trade debts | 44 | €1,356,149 | €1,168,804 | -€187,345 | -13.8% |
| Suppliers | 440/4 | €1,356,149 | €1,168,804 | -€187,345 | -13.8% |
| Taxes, remuneration and social security | 45 | €247,441 | €270,423 | +€22,982 | +9.3% |
| Taxes | 450/3 | €69,971 | €107,468 | +€37,497 | +53.6% |
| Remuneration and social security | 454/9 | €177,470 | €162,956 | -€14,514 | -8.2% |
| Non-recurring operating income | 76A | €727,853 | €63,982 | -€663,871 | -91.2% |
| Remuneration, social security and pensions | 62 | €1,099,383 | €1,091,904 | -€7,479 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384,535 | €249,378 | -€135,157 | -35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,269 | €4,367 | -€3,903 | -47.2% |
| Other operating charges | 640/8 | €39,128 | €40,394 | +€1,266 | +3.2% |
| Non-recurring operating charges | 66A | €785,593 | - | -€785,593 | |
| Gross operating margin | 9900 | €2,585,041 | €2,234,765 | -€350,275 | -13.6% |
| Operating profit (loss) | 9901 | €268,133 | €848,722 | +€580,590 | +217% |
| Financial income | 75/76B | €60,836 | €91,081 | +€30,245 | +49.7% |
| Recurring financial income | 75 | €60,836 | €91,081 | +€30,245 | +49.7% |
| Financial charges | 65/66B | €97,496 | €91,774 | -€5,722 | -5.9% |
| Recurring financial charges | 65 | €97,496 | €91,774 | -€5,722 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €231,473 | €848,029 | +€616,556 | +266% |
| Income taxes | 67/77 | €141,902 | €206,045 | +€64,143 | +45.2% |
| Profit (loss) for the period | 9904 | €89,571 | €641,984 | +€552,413 | +617% |
| Profit (loss) for the period to be appropriated | 9905 | €89,571 | €641,984 | +€552,413 | +617% |
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.