Projectvereniging de Merode: what changed
Projectvereniging de Merode
Largest movements
- Cash -€74,486
down €74,486 (-20.8%), from €357,433 to €282,947
mainly Net result for the year (-€45,896) and Contributions, distributions and other (-€33,656)
- Receivables within one year +€25,156
up €25,156 (+40.7%), from €61,761 to €86,917
- Reserves -€64,324
down €64,324 (-17.5%), from €366,982 to €302,658
- Tax, wage and social debts +€33,863
up €33,863 (+85.9%), from €39,439 to €73,302
- Profit (loss) carried forward -€15,228
new in 2025: -€15,228
- Staff costs +€86,404
up €86,404 (+24.7%), from €350,301 to €436,705
- Gross operating margin +€37,268
up €37,268 (+10.5%), from €353,691 to €390,959
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,587 | €374,418 | -€47,169 | -11.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €421,587 | €374,418 | -€47,169 | -11.2% |
| Amounts receivable within one year | 40/41 | €61,761 | €86,917 | +€25,156 | +40.7% |
| Other amounts receivable | 41 | €61,761 | €86,917 | +€25,156 | +40.7% |
| Cash at bank and in hand | 54/58 | €357,433 | €282,947 | -€74,486 | -20.8% |
| Deferred charges and accrued income | 490/1 | €2,393 | €4,554 | +€2,161 | +90.3% |
| Total equity and liabilities | 10/49 | €421,587 | €374,418 | -€47,169 | -11.2% |
| Equity | 10/15 | €366,982 | €287,430 | -€79,552 | -21.7% |
| Reserves | 13 | €366,982 | €302,658 | -€64,324 | -17.5% |
| Distributable reserves | 133 | €366,982 | €302,658 | -€64,324 | -17.5% |
| Profit (loss) carried forward | 14 | - | -€15,228 | -€15,228 | |
| Amounts payable | 17/49 | €54,605 | €86,988 | +€32,383 | +59.3% |
| Amounts payable within one year | 42/48 | €54,605 | €86,988 | +€32,383 | +59.3% |
| Trade debts | 44 | €15,166 | €12,502 | -€2,664 | -17.6% |
| Suppliers | 440/4 | €15,166 | €12,502 | -€2,664 | -17.6% |
| Taxes, remuneration and social security | 45 | €39,439 | €73,302 | +€33,863 | +85.9% |
| Remuneration and social security | 454/9 | €39,439 | €73,302 | +€33,863 | +85.9% |
| Other amounts payable | 47/48 | - | €1,184 | +€1,184 | |
| Remuneration, social security and pensions | 62 | €350,301 | €436,705 | +€86,404 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,047 | €0 | -€1,047 | -100% |
| Other operating charges | 640/8 | €392 | €0 | -€392 | -100% |
| Gross operating margin | 9900 | €353,691 | €390,959 | +€37,268 | +10.5% |
| Operating profit (loss) | 9901 | €1,950 | -€45,747 | -€47,697 | |
| Financial charges | 65/66B | €72 | €150 | +€78 | +108% |
| Recurring financial charges | 65 | €72 | €150 | +€78 | +108% |
| Profit (loss) for the period before taxes | 9903 | €1,878 | -€45,896 | -€47,775 | |
| Profit (loss) for the period | 9904 | €1,878 | -€45,896 | -€47,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,878 | -€45,896 | -€47,775 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.