Studio Merk: 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.
Studio Merk
Largest movements
- Current investments +€15,000
up €15,000 (+100%), from €15,000 to €30,000
- Cash -€14,512
down €14,512 (-44.4%), from €32,692 to €18,181
mainly Current investments (-€15,000) and Receivables within one year (-€4,840)
- Receivables within one year +€4,840
up €4,840 (+114%), from €4,235 to €9,075
- Reserves +€4,666
up €4,666 (+16.4%), from €28,387 to €33,053
of which Distributable reserves: +€4,666
- Turnover -€24,000
no longer reported in 2025 (was €24,000)
- Purchases and services -€23,440
no longer reported in 2025 (was €23,440)
- Gross operating margin +€2,813
up €2,813 (+96.6%), from €2,912 to €5,724
- Other operating charges +€487
up €487 (+215%), from €227 to €714
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 | €54,279 | €59,292 | +€5,014 | +9.2% |
| Fixed assets | 21/28 | €556 | €0 | -€556 | -100% |
| Intangible fixed assets | 21 | €556 | €0 | -€556 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €53,723 | €59,292 | +€5,569 | +10.4% |
| Stocks and contracts in progress | 3 | €1,625 | €1,625 | = | 0.0% |
| Stocks | 30/36 | €1,625 | €1,625 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,235 | €9,075 | +€4,840 | +114% |
| Trade receivables | 40 | €4,235 | €9,075 | +€4,840 | +114% |
| Current investments | 50/53 | €15,000 | €30,000 | +€15,000 | +100% |
| Cash at bank and in hand | 54/58 | €32,692 | €18,181 | -€14,512 | -44.4% |
| Deferred charges and accrued income | 490/1 | €171 | €412 | +€241 | +141% |
| Total equity and liabilities | 10/49 | €54,279 | €59,292 | +€5,014 | +9.2% |
| Equity | 10/15 | €46,987 | €51,653 | +€4,666 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,387 | €33,053 | +€4,666 | +16.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €28,387 | €33,053 | +€4,666 | +16.4% |
| Amounts payable | 17/49 | €7,292 | €7,640 | +€348 | +4.8% |
| Amounts payable within one year | 42/48 | €7,231 | €7,382 | +€150 | +2.1% |
| Trade debts | 44 | €46 | €6 | -€40 | -87.4% |
| Suppliers | 440/4 | €46 | €6 | -€40 | -87.4% |
| Taxes, remuneration and social security | 45 | €7,171 | €7,333 | +€162 | +2.3% |
| Taxes | 450/3 | €1,171 | €1,333 | +€162 | +13.8% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €14 | €43 | +€28 | +198% |
| Accrued charges and deferred income | 492/3 | €61 | €258 | +€197 | +323% |
| Turnover | 70 | €24,000 | - | -€24,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €23,440 | - | -€23,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €556 | -€111 | -16.7% |
| Other operating charges | 640/8 | €227 | €714 | +€487 | +215% |
| Gross operating margin | 9900 | €2,912 | €5,724 | +€2,813 | +96.6% |
| Operating profit (loss) | 9901 | €2,018 | €4,455 | +€2,437 | +121% |
| Financial income | 75/76B | €844 | €816 | -€28 | -3.3% |
| Recurring financial income | 75 | €844 | €816 | -€28 | -3.3% |
| Financial charges | 65/66B | €131 | €139 | +€7 | +5.7% |
| Recurring financial charges | 65 | €131 | €139 | +€7 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €2,731 | €5,133 | +€2,402 | +87.9% |
| Income taxes | 67/77 | €248 | €467 | +€218 | +87.9% |
| Profit (loss) for the period | 9904 | €2,483 | €4,666 | +€2,183 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,483 | €4,666 | +€2,183 | +87.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.