MRGING SOLUTIONS: 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.
MRGING SOLUTIONS
Largest movements
- Cash -€6,735
down €6,735 (-50.1%), from €13,436 to €6,701
mainly Net result for the year (-€7,595) and Receivables within one year (-€5,466)
- Receivables within one year +€5,466
up €5,466 (+83.1%), from €6,580 to €12,046
of which Trade receivables: +€4,988
- Stocks and contracts +€3,054
up €3,054 (+25.7%), from €11,884 to €14,938
- Tangible fixed assets -€1,474
down €1,474 (-30.4%), from €4,856 to €3,381
- Other debts +€13,541
up €13,541 (+26.4%), from €51,259 to €64,800
- Profit (loss) carried forward -€7,595
down €7,595 (-13.8%), from -€55,054 to -€62,650
- Trade debts -€2,112
down €2,112 (-46.4%), from €4,549 to €2,437
- Tax, wage and social debts -€2,006
down €2,006 (-58.7%), from €3,416 to €1,410
of which Remuneration and social security: -€1,868
- Current portion of long-term debt -€1,091
down €1,091 (-57.0%), from €1,916 to €825
- Gross operating margin +€7,320
up €7,320 (+24.1%), from €30,322 to €37,641
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 | €39,408 | €39,894 | +€486 | +1.2% |
| Fixed assets | 21/28 | €4,895 | €3,421 | -€1,474 | -30.1% |
| Tangible fixed assets | 22/27 | €4,856 | €3,381 | -€1,474 | -30.4% |
| Other tangible fixed assets | 26 | €4,856 | €3,381 | -€1,474 | -30.4% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €34,514 | €36,474 | +€1,960 | +5.7% |
| Stocks and contracts in progress | 3 | €11,884 | €14,938 | +€3,054 | +25.7% |
| Stocks | 30/36 | €11,884 | €14,938 | +€3,054 | +25.7% |
| Amounts receivable within one year | 40/41 | €6,580 | €12,046 | +€5,466 | +83.1% |
| Trade receivables | 40 | €5,688 | €10,675 | +€4,988 | +87.7% |
| Other amounts receivable | 41 | €893 | €1,371 | +€478 | +53.6% |
| Cash at bank and in hand | 54/58 | €13,436 | €6,701 | -€6,735 | -50.1% |
| Deferred charges and accrued income | 490/1 | €2,613 | €2,789 | +€176 | +6.7% |
| Total equity and liabilities | 10/49 | €39,408 | €39,894 | +€486 | +1.2% |
| Equity | 10/15 | -€24,779 | -€32,374 | -€7,595 | -30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,675 | €11,675 | = | 0.0% |
| Distributable reserves | 133 | €11,675 | €11,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,054 | -€62,650 | -€7,595 | -13.8% |
| Amounts payable | 17/49 | €64,187 | €72,269 | +€8,081 | +12.6% |
| Amounts payable after more than one year | 17 | €825 | €0 | -€825 | -100.0% |
| Financial debts | 170/4 | €825 | €0 | -€825 | -100.0% |
| Amounts payable within one year | 42/48 | €61,140 | €69,471 | +€8,331 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €1,916 | €825 | -€1,091 | -57.0% |
| Trade debts | 44 | €4,549 | €2,437 | -€2,112 | -46.4% |
| Suppliers | 440/4 | €4,549 | €2,437 | -€2,112 | -46.4% |
| Taxes, remuneration and social security | 45 | €3,416 | €1,410 | -€2,006 | -58.7% |
| Taxes | 450/3 | €390 | €252 | -€138 | -35.3% |
| Remuneration and social security | 454/9 | €3,026 | €1,158 | -€1,868 | -61.7% |
| Other amounts payable | 47/48 | €51,259 | €64,800 | +€13,541 | +26.4% |
| Accrued charges and deferred income | 492/3 | €2,223 | €2,798 | +€575 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,474 | €1,474 | = | 0.0% |
| Other operating charges | 640/8 | €1,060 | €1,277 | +€216 | +20.4% |
| Gross operating margin | 9900 | €30,322 | €37,641 | +€7,320 | +24.1% |
| Operating profit (loss) | 9901 | €27,787 | €34,890 | +€7,104 | +25.6% |
| Financial income | 75/76B | €1 | €13 | +€12 | +972.7% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +972.7% |
| Financial charges | 65/66B | €42,137 | €42,312 | +€175 | +0.4% |
| Recurring financial charges | 65 | €42,137 | €42,312 | +€175 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,349 | -€7,409 | +€6,941 | +48.4% |
| Income taxes | 67/77 | €200 | €187 | -€14 | -6.9% |
| Profit (loss) for the period | 9904 | -€14,550 | -€7,595 | +€6,954 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,550 | -€7,595 | +€6,954 | +47.8% |
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 9 October 2026 via checked.be.