MERY KLD: 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 KLD
Largest movements
- Cash -€6,494
down €6,494 (-33.4%), from €19,458 to €12,964
mainly Investment in fixed assets (net) (-€9,045) and Debts after one year (-€6,370)
- Deferred charges and accrued income +€5,838
up €5,838 (+50.0%), from €11,673 to €17,511
- Current investments +€5,200
new in 2025: €5,200
- Tangible fixed assets +€4,993
up €4,993 (+33.3%), from €15,015 to €20,008
of which Other tangible fixed assets: +€2,510
- Receivables within one year +€2,990
new in 2025: €2,990
- Trade debts +€16,599
up €16,599 (+280%), from €5,936 to €22,535
- Debts after one year -€6,370
no longer reported in 2025 (was €6,370)
- Other debts -€2,161
down €2,161 (-26.2%), from €8,243 to €6,082
- Tax, wage and social debts +€2,026
up €2,026 (+22.0%), from €9,195 to €11,221
of which Taxes: +€1,407
- Profit (loss) carried forward +€1,430
new in 2025: €1,430
- Staff costs +€16,694
new in 2025: €16,694
- Other operating charges +€7,919
new in 2025: €7,919
- Taxes -€7,788
down €7,788 (-84.7%), from €9,195 to €1,407
- Depreciation +€3,150
up €3,150 (+167%), from €1,890 to €5,040
- Gross operating margin -€1,056
down €1,056 (-3.1%), from €34,044 to €32,988
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 | €54,096 | €65,635 | +€11,539 | +21.3% |
| Fixed assets | 21/28 | €22,965 | €26,970 | +€4,005 | +17.4% |
| Intangible fixed assets | 21 | €5,820 | €4,539 | -€1,281 | -22.0% |
| Tangible fixed assets | 22/27 | €15,015 | €20,008 | +€4,993 | +33.3% |
| Plant, machinery and equipment | 23 | - | €880 | +€880 | |
| Furniture and vehicles | 24 | €5,720 | €7,323 | +€1,603 | +28.0% |
| Other tangible fixed assets | 26 | €9,295 | €11,805 | +€2,510 | +27.0% |
| Financial fixed assets | 28 | €2,130 | €2,423 | +€293 | +13.8% |
| Current assets | 29/58 | €31,131 | €38,665 | +€7,534 | +24.2% |
| Amounts receivable within one year | 40/41 | - | €2,990 | +€2,990 | |
| Trade receivables | 40 | - | €2,990 | +€2,990 | |
| Current investments | 50/53 | - | €5,200 | +€5,200 | |
| Cash at bank and in hand | 54/58 | €19,458 | €12,964 | -€6,494 | -33.4% |
| Deferred charges and accrued income | 490/1 | €11,673 | €17,511 | +€5,838 | +50.0% |
| Total equity and liabilities | 10/49 | €54,096 | €65,635 | +€11,539 | +21.3% |
| Equity | 10/15 | €23,457 | €24,887 | +€1,430 | +6.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €22,957 | €22,957 | = | 0.0% |
| Distributable reserves | 133 | €22,957 | €22,957 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,430 | +€1,430 | |
| Amounts payable | 17/49 | €30,639 | €40,748 | +€10,109 | +33.0% |
| Amounts payable after more than one year | 17 | €6,370 | - | -€6,370 | |
| Other amounts payable | 178/9 | €6,370 | - | -€6,370 | |
| Amounts payable within one year | 42/48 | €23,374 | €39,838 | +€16,464 | +70.4% |
| Trade debts | 44 | €5,936 | €22,535 | +€16,599 | +280% |
| Suppliers | 440/4 | €5,936 | €22,535 | +€16,599 | +280% |
| Taxes, remuneration and social security | 45 | €9,195 | €11,221 | +€2,026 | +22.0% |
| Taxes | 450/3 | €9,195 | €10,602 | +€1,407 | +15.3% |
| Remuneration and social security | 454/9 | - | €619 | +€619 | |
| Other amounts payable | 47/48 | €8,243 | €6,082 | -€2,161 | -26.2% |
| Accrued charges and deferred income | 492/3 | €895 | €910 | +€15 | +1.7% |
| Remuneration, social security and pensions | 62 | - | €16,694 | +€16,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,890 | €5,040 | +€3,150 | +167% |
| Other operating charges | 640/8 | - | €7,919 | +€7,919 | |
| Gross operating margin | 9900 | €34,044 | €32,988 | -€1,056 | -3.1% |
| Operating profit (loss) | 9901 | €32,154 | €3,335 | -€28,819 | -89.6% |
| Financial charges | 65/66B | €2 | €498 | +€496 | +24,800% |
| Recurring financial charges | 65 | €2 | €498 | +€496 | +24,800% |
| Profit (loss) for the period before taxes | 9903 | €32,152 | €2,837 | -€29,315 | -91.2% |
| Income taxes | 67/77 | €9,195 | €1,407 | -€7,788 | -84.7% |
| Profit (loss) for the period | 9904 | €22,957 | €1,430 | -€21,527 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,957 | €1,430 | -€21,527 | -93.8% |
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 26 October 2026 via checked.be.