VAN DE MERGEL: 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.
VAN DE MERGEL
Largest movements
- Stocks and contracts -€4,462
down €4,462 (-24.6%), from €18,143 to €13,681
- Cash -€2,762
down €2,762 (-13.7%), from €20,215 to €17,453
mainly Net result for the year (-€6,685) and Trade debts (-€3,050)
- Receivables within one year -€400
down €400 (-69.5%), from €576 to €176
of which Other amounts receivable: -€400
- Profit (loss) carried forward -€6,685
down €6,685 (-13.1%), from -€50,959 to -€57,644
- Trade debts -€3,050
down €3,050 (-45.8%), from €6,663 to €3,613
- Other debts +€2,097
up €2,097 (+30.4%), from €6,896 to €8,994
- Gross operating margin -€855
down €855 (-19.5%), from -€4,394 to -€5,249
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 | €39,515 | €31,921 | -€7,594 | -19.2% |
| Current assets | 29/58 | €39,515 | €31,921 | -€7,594 | -19.2% |
| Stocks and contracts in progress | 3 | €18,143 | €13,681 | -€4,462 | -24.6% |
| Stocks | 30/36 | €18,143 | €13,681 | -€4,462 | -24.6% |
| Amounts receivable within one year | 40/41 | €576 | €176 | -€400 | -69.5% |
| Trade receivables | 40 | €176 | €176 | = | 0.0% |
| Other amounts receivable | 41 | €400 | €0 | -€400 | -100% |
| Cash at bank and in hand | 54/58 | €20,215 | €17,453 | -€2,762 | -13.7% |
| Deferred charges and accrued income | 490/1 | €581 | €611 | +€30 | +5.1% |
| Total equity and liabilities | 10/49 | €39,515 | €31,921 | -€7,594 | -19.2% |
| Equity | 10/15 | €25,188 | €18,503 | -€6,685 | -26.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €56,147 | €56,147 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €54,147 | €54,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,959 | -€57,644 | -€6,685 | -13.1% |
| Amounts payable | 17/49 | €14,327 | €13,418 | -€909 | -6.3% |
| Amounts payable within one year | 42/48 | €13,940 | €13,018 | -€922 | -6.6% |
| Trade debts | 44 | €6,663 | €3,613 | -€3,050 | -45.8% |
| Suppliers | 440/4 | €6,663 | €3,613 | -€3,050 | -45.8% |
| Taxes, remuneration and social security | 45 | €380 | €411 | +€31 | +8.2% |
| Taxes | 450/3 | €380 | €411 | +€31 | +8.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,896 | €8,994 | +€2,097 | +30.4% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Other operating charges | 640/8 | €1,057 | €1,094 | +€37 | +3.5% |
| Gross operating margin | 9900 | -€4,394 | -€5,249 | -€855 | -19.5% |
| Operating profit (loss) | 9901 | -€5,451 | -€6,343 | -€892 | -16.4% |
| Financial income | 75/76B | €11 | €8 | -€4 | -32.5% |
| Recurring financial income | 75 | €11 | €8 | -€4 | -32.5% |
| Financial charges | 65/66B | €351 | €349 | -€2 | -0.7% |
| Recurring financial charges | 65 | €351 | €349 | -€2 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,791 | -€6,685 | -€894 | -15.4% |
| Profit (loss) for the period | 9904 | -€5,791 | -€6,685 | -€894 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,791 | -€6,685 | -€894 | -15.4% |
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 23 October 2026 via checked.be.