STEVE MERLEVEDE CONSULT: what changed
What changed
STEVE MERLEVEDE CONSULT
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€55,115
2024 · €53,704+€1,410
Equity
€151,481
2024 · €161,366-€9,885
Cash
€66,955
2024 · €56,496+€10,459
Balance sheet total
€304,832
2024 · €299,017+€5,815
Largest movements
Assets
- Receivables within one year -€13,267
down €13,267 (-61.3%), from €21,635 to €8,368
of which Trade receivables: -€12,526
- Cash +€10,459
up €10,459 (+18.5%), from €56,496 to €66,955
mainly Net result for the year (+€55,115) and Other debts (+€34,757)
- Deferred charges and accrued income +€7,120
up €7,120 (+64.4%), from €11,063 to €18,183
Equity and liabilities
- Other debts +€34,757
up €34,757 (+187%), from €18,586 to €53,342
- Debts after one year -€14,481
down €14,481 (-16.6%), from €87,053 to €72,572
- Reserves -€9,885
down €9,885 (-6.9%), from €142,766 to €132,881
- Tax, wage and social debts -€3,839
down €3,839 (-23.0%), from €16,675 to €12,837
of which Taxes: -€3,839
Income statement
- Gross operating margin +€2,374
up €2,374 (+3.3%), from €71,206 to €73,581
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.
Result 2024
€53,704
Gross operating margin
+€2,374
Depreciation
-€557
Other operating charges
-€484
Financial income
-€0
Financial charges
+€187
Taxes
-€109
Result 2025
€55,115
raises the resultlowers the result
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.
From operations
+€92,360
Investment
-€2,598
Financing
-€79,303
Cash 2024
€56,496
From operations (derived)
+€92,360
Net result for the year
+€55,115
Depreciation
+€1,095
Receivables within one year
+€13,267
Deferred charges and accrued income
-€7,120
Trade debts
-€788
Tax, wage and social debts
-€3,839
Other debts
+€34,757
Accrued charges and deferred income
-€126
Investment (derived)
-€2,598
Investment in fixed assets (net)
-€2,598
Financing
-€79,303
Debts after one year
-€14,481
Current portion of long-term debt
+€178
Contributions, distributions and other
-€65,000
Cash 2025
€66,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,017 | €304,832 | +€5,815 | +1.9% |
| Fixed assets | 21/28 | €209,823 | €211,326 | +€1,503 | +0.7% |
| Tangible fixed assets | 22/27 | €209,823 | €211,326 | +€1,503 | +0.7% |
| Land and buildings | 22 | €207,900 | €207,900 | = | 0.0% |
| Furniture and vehicles | 24 | €154 | €2,271 | +€2,116 | +1,370% |
| Other tangible fixed assets | 26 | €1,769 | €1,155 | -€614 | -34.7% |
| Current assets | 29/58 | €89,194 | €93,506 | +€4,312 | +4.8% |
| Amounts receivable within one year | 40/41 | €21,635 | €8,368 | -€13,267 | -61.3% |
| Trade receivables | 40 | €20,432 | €7,906 | -€12,526 | -61.3% |
| Other amounts receivable | 41 | €1,203 | €463 | -€740 | -61.5% |
| Cash at bank and in hand | 54/58 | €56,496 | €66,955 | +€10,459 | +18.5% |
| Deferred charges and accrued income | 490/1 | €11,063 | €18,183 | +€7,120 | +64.4% |
| Total equity and liabilities | 10/49 | €299,017 | €304,832 | +€5,815 | +1.9% |
| Equity | 10/15 | €161,366 | €151,481 | -€9,885 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,766 | €132,881 | -€9,885 | -6.9% |
| Distributable reserves | 133 | €142,766 | €132,881 | -€9,885 | -6.9% |
| Amounts payable | 17/49 | €137,651 | €153,351 | +€15,700 | +11.4% |
| Amounts payable after more than one year | 17 | €87,053 | €72,572 | -€14,481 | -16.6% |
| Financial debts | 170/4 | €87,053 | €72,572 | -€14,481 | -16.6% |
| Amounts payable within one year | 42/48 | €50,472 | €80,779 | +€30,307 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €14,303 | €14,481 | +€178 | +1.2% |
| Trade debts | 44 | €908 | €119 | -€788 | -86.9% |
| Suppliers | 440/4 | €908 | €119 | -€788 | -86.9% |
| Taxes, remuneration and social security | 45 | €16,675 | €12,837 | -€3,839 | -23.0% |
| Taxes | 450/3 | €14,675 | €10,837 | -€3,839 | -26.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €18,586 | €53,342 | +€34,757 | +187% |
| Accrued charges and deferred income | 492/3 | €126 | - | -€126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €538 | €1,095 | +€557 | +103% |
| Other operating charges | 640/8 | €883 | €1,367 | +€484 | +54.8% |
| Gross operating margin | 9900 | €71,206 | €73,581 | +€2,374 | +3.3% |
| Operating profit (loss) | 9901 | €69,785 | €71,118 | +€1,333 | +1.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,652 | €1,466 | -€187 | -11.3% |
| Recurring financial charges | 65 | €1,652 | €1,466 | -€187 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €68,133 | €69,652 | +€1,519 | +2.2% |
| Income taxes | 67/77 | €14,429 | €14,537 | +€109 | +0.8% |
| Profit (loss) for the period | 9904 | €53,704 | €55,115 | +€1,410 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,704 | €55,115 | +€1,410 | +2.6% |
Next steps
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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 7 November 2026 via checked.be.