MERYBEL: 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.
MERYBEL
Largest movements
- Tangible fixed assets -€16,855
down €16,855 (-7.9%), from €212,645 to €195,790
of which Land and buildings: -€16,700
- Cash +€5,630
up €5,630 (+191%), from €2,941 to €8,571
mainly Depreciation (+€23,121) and Other debts (+€7,395)
- Tax, wage and social debts -€18,000
no longer reported in 2025 (was €18,000)
- Other debts +€7,395
up €7,395 (+3.8%), from €196,158 to €203,553
- Gross operating margin +€14,202
up €14,202 (+95.0%), from €14,953 to €29,156
- Depreciation -€2,767
down €2,767 (-10.7%), from €25,888 to €23,121
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 | €215,586 | €204,361 | -€11,225 | -5.2% |
| Fixed assets | 21/28 | €212,645 | €195,790 | -€16,855 | -7.9% |
| Tangible fixed assets | 22/27 | €212,645 | €195,790 | -€16,855 | -7.9% |
| Land and buildings | 22 | €211,597 | €194,897 | -€16,700 | -7.9% |
| Furniture and vehicles | 24 | €1,048 | €893 | -€155 | -14.8% |
| Current assets | 29/58 | €2,941 | €8,571 | +€5,630 | +191% |
| Cash at bank and in hand | 54/58 | €2,941 | €8,571 | +€5,630 | +191% |
| Total equity and liabilities | 10/49 | €215,586 | €204,361 | -€11,225 | -5.2% |
| Equity | 10/15 | -€1,911 | -€1,942 | -€31 | -1.6% |
| Contributions | 10/11 | €102,325 | €102,325 | = | 0.0% |
| Capital | 10 | €102,325 | €102,325 | = | 0.0% |
| Issued capital | 100 | €102,325 | €102,325 | = | 0.0% |
| Reserves | 13 | €23,211 | €23,211 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,461 | €4,461 | = | 0.0% |
| Legal reserve | 130 | €4,461 | €4,461 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,448 | -€127,478 | -€31 | 0.0% |
| Amounts payable | 17/49 | €217,498 | €206,303 | -€11,195 | -5.1% |
| Amounts payable after more than one year | 17 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 178/9 | €2,750 | €2,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €214,158 | €203,553 | -€10,605 | -5.0% |
| Taxes, remuneration and social security | 45 | €18,000 | - | -€18,000 | |
| Remuneration and social security | 454/9 | €18,000 | - | -€18,000 | |
| Other amounts payable | 47/48 | €196,158 | €203,553 | +€7,395 | +3.8% |
| Accrued charges and deferred income | 492/3 | €590 | - | -€590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,888 | €23,121 | -€2,767 | -10.7% |
| Other operating charges | 640/8 | €6,075 | €5,845 | -€230 | -3.8% |
| Gross operating margin | 9900 | €14,953 | €29,156 | +€14,202 | +95.0% |
| Operating profit (loss) | 9901 | -€17,010 | €189 | +€17,199 | |
| Financial charges | 65/66B | €133 | €220 | +€87 | +65.1% |
| Recurring financial charges | 65 | €133 | €220 | +€87 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,143 | -€31 | +€17,112 | +99.8% |
| Profit (loss) for the period | 9904 | -€17,143 | -€31 | +€17,112 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,143 | -€31 | +€17,112 | +99.8% |
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 25 October 2026 via checked.be.