YVES MERLIN: 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.
YVES MERLIN
Largest movements
- Receivables within one year +€33,433
up €33,433 (+113%), from €29,714 to €63,147
of which Other amounts receivable: +€30,000
- Cash +€17,398
up €17,398 (+17.3%), from €100,721 to €118,120
mainly Net result for the year (+€55,578) and Tax, wage and social debts (+€4,251)
- Current investments +€10,914
up €10,914 (+2.8%), from €389,086 to €400,000
- Reserves +€55,578
up €55,578 (+16.8%), from €330,915 to €386,493
of which Distributable reserves: +€55,578
- Write-downs -€140,000
no longer reported in 2024 (was €140,000)
- Taxes +€27,379
up €27,379 (+320,227%), from €9 to €27,388
- Gross operating margin +€9,486
up €9,486 (+14.3%), from €66,547 to €76,033
- Depreciation -€3,689
no longer reported in 2024 (was €3,689)
- Financial income +€2,115
up €2,115 (+35.7%), from €5,921 to €8,036
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,522 | €581,411 | +€61,890 | +11.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Current assets | 29/58 | €519,522 | €581,411 | +€61,890 | +11.9% |
| Amounts receivable within one year | 40/41 | €29,714 | €63,147 | +€33,433 | +113% |
| Trade receivables | 40 | €10,482 | €13,915 | +€3,433 | +32.7% |
| Other amounts receivable | 41 | €19,232 | €49,232 | +€30,000 | +156% |
| Current investments | 50/53 | €389,086 | €400,000 | +€10,914 | +2.8% |
| Cash at bank and in hand | 54/58 | €100,721 | €118,120 | +€17,398 | +17.3% |
| Deferred charges and accrued income | 490/1 | - | €144 | +€144 | |
| Total equity and liabilities | 10/49 | €519,522 | €581,411 | +€61,890 | +11.9% |
| Equity | 10/15 | €509,424 | €565,002 | +€55,578 | +10.9% |
| Contributions | 10/11 | €191,000 | €191,000 | = | 0.0% |
| Reserves | 13 | €330,915 | €386,493 | +€55,578 | +16.8% |
| Non-distributable reserves | 130/1 | €19,100 | €19,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,100 | €19,100 | = | 0.0% |
| Distributable reserves | 133 | €311,815 | €367,393 | +€55,578 | +17.8% |
| Profit (loss) carried forward | 14 | -€12,491 | -€12,491 | = | 0.0% |
| Amounts payable | 17/49 | €10,097 | €16,409 | +€6,312 | +62.5% |
| Amounts payable within one year | 42/48 | €10,097 | €16,409 | +€6,312 | +62.5% |
| Trade debts | 44 | €1,927 | €3,739 | +€1,812 | +94.0% |
| Suppliers | 440/4 | €1,927 | €3,739 | +€1,812 | +94.0% |
| Taxes, remuneration and social security | 45 | €3,387 | €7,638 | +€4,251 | +126% |
| Taxes | 450/3 | €687 | €4,938 | +€4,251 | +619% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €4,783 | €5,032 | +€249 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,689 | - | -€3,689 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €140,000 | - | -€140,000 | |
| Other operating charges | 640/8 | €615 | €805 | +€190 | +30.8% |
| Gross operating margin | 9900 | €66,547 | €76,033 | +€9,486 | +14.3% |
| Operating profit (loss) | 9901 | -€77,757 | €75,227 | +€152,985 | |
| Financial income | 75/76B | €5,921 | €8,036 | +€2,115 | +35.7% |
| Recurring financial income | 75 | €5,921 | €8,036 | +€2,115 | +35.7% |
| Financial charges | 65/66B | €243 | €298 | +€55 | +22.8% |
| Recurring financial charges | 65 | €243 | €298 | +€55 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | -€72,078 | €82,966 | +€155,044 | |
| Income taxes | 67/77 | €9 | €27,388 | +€27,379 | +320,227% |
| Profit (loss) for the period | 9904 | -€72,087 | €55,578 | +€127,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,087 | €55,578 | +€127,665 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.