VAN DE MERGHEL: what changed
VAN DE MERGHEL
Largest movements
- Cash +€6,040
up €6,040 (+10.0%), from €60,212 to €66,252
mainly Depreciation (+€8,563) and Net result for the year (+€6,971)
- Tangible fixed assets -€2,894
down €2,894 (-4.8%), from €60,081 to €57,187
of which Furniture and vehicles: -€2,685
- Receivables within one year +€2,081
up €2,081, from €0 to €2,081
of which Other amounts receivable: +€2,081
- Profit (loss) carried forward +€6,971
up €6,971 (+6.7%), from -€104,798 to -€97,827
- Other debts -€3,236
down €3,236 (-100%), from €3,236 to €0
- Accrued charges and deferred income +€1,820
up €1,820 (+137%), from €1,325 to €3,145
- Gross operating margin +€13,863
up €13,863 (+279%), from €4,977 to €18,840
- Depreciation -€386
down €386 (-4.3%), from €8,949 to €8,563
- Financial income +€196
up €196 (+118%), from €167 to €363
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 | €121,691 | €126,697 | +€5,006 | +4.1% |
| Fixed assets | 21/28 | €60,752 | €57,858 | -€2,894 | -4.8% |
| Tangible fixed assets | 22/27 | €60,081 | €57,187 | -€2,894 | -4.8% |
| Land and buildings | 22 | €22,419 | €22,419 | = | 0.0% |
| Plant, machinery and equipment | 23 | €31,016 | €30,807 | -€209 | -0.7% |
| Furniture and vehicles | 24 | €6,646 | €3,962 | -€2,685 | -40.4% |
| Financial fixed assets | 28 | €671 | €671 | = | 0.0% |
| Current assets | 29/58 | €60,939 | €68,839 | +€7,900 | +13.0% |
| Amounts receivable within one year | 40/41 | €0 | €2,081 | +€2,081 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €2,081 | +€2,081 | |
| Cash at bank and in hand | 54/58 | €60,212 | €66,252 | +€6,040 | +10.0% |
| Deferred charges and accrued income | 490/1 | €727 | €506 | -€222 | -30.5% |
| Total equity and liabilities | 10/49 | €121,691 | €126,697 | +€5,006 | +4.1% |
| Equity | 10/15 | €114,062 | €121,033 | +€6,971 | +6.1% |
| Contributions | 10/11 | €217,000 | €217,000 | = | 0.0% |
| Capital | 10 | €217,000 | €217,000 | = | 0.0% |
| Issued capital | 100 | €217,000 | €217,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,798 | -€97,827 | +€6,971 | +6.7% |
| Amounts payable | 17/49 | €7,630 | €5,664 | -€1,965 | -25.8% |
| Amounts payable within one year | 42/48 | €6,305 | €2,519 | -€3,785 | -60.0% |
| Trade debts | 44 | €2,784 | €2,335 | -€449 | -16.1% |
| Suppliers | 440/4 | €2,784 | €2,335 | -€449 | -16.1% |
| Taxes, remuneration and social security | 45 | €284 | €184 | -€100 | -35.2% |
| Taxes | 450/3 | €284 | €184 | -€100 | -35.2% |
| Other amounts payable | 47/48 | €3,236 | €0 | -€3,236 | -100% |
| Accrued charges and deferred income | 492/3 | €1,325 | €3,145 | +€1,820 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,949 | €8,563 | -€386 | -4.3% |
| Other operating charges | 640/8 | €3,273 | €3,444 | +€171 | +5.2% |
| Gross operating margin | 9900 | €4,977 | €18,840 | +€13,863 | +279% |
| Operating profit (loss) | 9901 | -€7,245 | €6,833 | +€14,078 | |
| Financial income | 75/76B | €167 | €363 | +€196 | +118% |
| Recurring financial income | 75 | €167 | €363 | +€196 | +118% |
| Financial charges | 65/66B | €50 | €52 | +€2 | +3.0% |
| Recurring financial charges | 65 | €50 | €52 | +€2 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,129 | €7,144 | +€14,273 | |
| Income taxes | 67/77 | €170 | €173 | +€3 | +1.9% |
| Profit (loss) for the period | 9904 | -€7,299 | €6,971 | +€14,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,299 | €6,971 | +€14,270 |
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 2 November 2026 via checked.be.