MERYVIN: what changed
Two fiscal 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.
MERYVIN
Largest movements
- Cash +€42,185
up €42,185 (+93.1%), from €45,311 to €87,496
mainly Stocks and contracts (+€42,003) and Investment in fixed assets (net) (+€24,543)
- Stocks and contracts -€42,003
down €42,003 (-33.1%), from €126,889 to €84,886
- Receivables within one year +€38,341
up €38,341 (+196.8%), from €19,480 to €57,822
- Tangible fixed assets -€27,019
down €27,019 (-66.7%), from €40,515 to €13,496
of which Land and buildings: -€29,904
- Formation expenses -€11,949
down €11,949 (-22.9%), from €52,129 to €40,181
- Tax, wage and social debts -€9,742
down €9,742 (-37.3%), from €26,147 to €16,406
of which Taxes: -€9,018
- Profit (loss) carried forward +€6,409
up €6,409 (+4.7%), from €137,120 to €143,529
- Trade debts +€3,733
up €3,733 (+8.5%), from €43,901 to €47,634
- Gross operating margin -€38,531
down €38,531 (-44.1%), from €87,296 to €48,765
- Staff costs -€37,295
down €37,295 (-73.1%), from €51,025 to €13,730
- Financial charges +€3,675
up €3,675 (+108.6%), from €3,385 to €7,060
- Other operating charges -€2,471
down €2,471 (-38.9%), from €6,354 to €3,883
- Depreciation +€1,833
up €1,833 (+14.6%), from €12,592 to €14,425
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.
Cash bridge derived
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 | €284,325 | €284,725 | +€400 | +0.1% |
| Formation expenses | 20 | €52,129 | €40,181 | -€11,949 | -22.9% |
| Fixed assets | 21/28 | €40,515 | €13,496 | -€27,019 | -66.7% |
| Tangible fixed assets | 22/27 | €40,515 | €13,496 | -€27,019 | -66.7% |
| Land and buildings | 22 | €35,296 | €5,392 | -€29,904 | -84.7% |
| Furniture and vehicles | 24 | €5,219 | €8,104 | +€2,885 | +55.3% |
| Current assets | 29/58 | €191,680 | €231,049 | +€39,368 | +20.5% |
| Stocks and contracts in progress | 3 | €126,889 | €84,886 | -€42,003 | -33.1% |
| Stocks | 30/36 | €126,889 | €84,886 | -€42,003 | -33.1% |
| Amounts receivable within one year | 40/41 | €19,480 | €57,822 | +€38,341 | +196.8% |
| Trade receivables | 40 | €19,480 | €57,822 | +€38,341 | +196.8% |
| Cash at bank and in hand | 54/58 | €45,311 | €87,496 | +€42,185 | +93.1% |
| Deferred charges and accrued income | 490/1 | - | €845 | +€845 | |
| Total equity and liabilities | 10/49 | €284,325 | €284,725 | +€400 | +0.1% |
| Equity | 10/15 | €170,368 | €176,777 | +€6,409 | +3.8% |
| Contributions | 10/11 | €33,248 | €33,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,120 | €143,529 | +€6,409 | +4.7% |
| Amounts payable | 17/49 | €113,956 | €107,948 | -€6,008 | -5.3% |
| Amounts payable within one year | 42/48 | €113,956 | €107,948 | -€6,008 | -5.3% |
| Trade debts | 44 | €43,901 | €47,634 | +€3,733 | +8.5% |
| Suppliers | 440/4 | €43,901 | €47,634 | +€3,733 | +8.5% |
| Taxes, remuneration and social security | 45 | €26,147 | €16,406 | -€9,742 | -37.3% |
| Taxes | 450/3 | €22,191 | €13,173 | -€9,018 | -40.6% |
| Remuneration and social security | 454/9 | €3,956 | €3,233 | -€724 | -18.3% |
| Other amounts payable | 47/48 | €43,908 | €43,908 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €51,025 | €13,730 | -€37,295 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,592 | €14,425 | +€1,833 | +14.6% |
| Other operating charges | 640/8 | €6,354 | €3,883 | -€2,471 | -38.9% |
| Gross operating margin | 9900 | €87,296 | €48,765 | -€38,531 | -44.1% |
| Operating profit (loss) | 9901 | €17,326 | €16,728 | -€598 | -3.5% |
| Financial income | 75/76B | - | €606 | +€606 | |
| Recurring financial income | 75 | - | €606 | +€606 | |
| Financial charges | 65/66B | €3,385 | €7,060 | +€3,675 | +108.6% |
| Recurring financial charges | 65 | €3,385 | €7,060 | +€3,675 | +108.6% |
| Profit (loss) for the period before taxes | 9903 | €13,941 | €10,274 | -€3,667 | -26.3% |
| Income taxes | 67/77 | €5,253 | €3,865 | -€1,387 | -26.4% |
| Profit (loss) for the period | 9904 | €8,688 | €6,409 | -€2,280 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,688 | €6,409 | -€2,280 | -26.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.