Accounts & key figures 2025

Balance sheet

Assets
(in thousands of euros)
Net
December 31, 2025
Net
December 31, 2024
Fixed assets
Intangible fixed assets 636 583 247
Property, plant and equipment 3 612 3 803
Investments and other financial assets 1 746 335 49 107
Total 2 386 530 53 157
Current assets
Accounts receivable 1 422 631
Other receivables 10 208 15 967
Marketable securities 43 3264 40 624
Cash and cash equivalents 1 713 10 202
Prepaid expenses 3 009 2 940
Unrealized exchange losses 13 2
Total 59 691 70 366
Total assets 2 446 221 123 523
Liabilities
(in thousands of euros)
December 31, 2025 December 31, 2024
Fund balance
True endowment 1 489 866 68 216
Reserves 276 537 884
Retained earnings 18 641 18 078
Net income / loss for the period 2 215 563
Other endowment 7 7
Total 1 787 26 87 748
Quasi endowment
Allowence for contigencies 161 121
Carry over funds 636 514
Funds reserved for future engagements 3 027 2 980
Total 639 702 3 102
Liabilities
Loans 431 5 027
Accounts payable 2 936 2 756
Tax and social debts 1 833 1 937
Investment payable
Other payable 3 512 3 201
Deferred income 10 525 19 736
Unrealized exchange gains 16 16
Total 19 253 32 673
Total liabilities & fund balance 2 446 221 123 523

Income statement

(in thousands of euros) Real 2025 Real 2024
Income
Services revenue 701 808
Income from third-party funders 19 965 20 314
Expenses refund 620
Other operating income 481 45
Total income 21 148 21 787
Expenses
External purchases and expenses 12 800 11 116
Financial aid 6 108 4 391
Taxes and duties 803 850
Salaries and social contributions 7 313 7 133
Depreciations 765 806
Dedicated funds carried over 47 1 507
Other operating income 398 215
Total expenses 28 234 26 019
Operating results -7 086 -4 232
Financial income
Dividends 1 599 942
Other financial income 2 437 2 741
Reverse on financial allowances 2 282 344
Net income from marketable securities 9 892 2 343
Total financial income 16 210 6 370
Financial expenses
Financial allowances 232 1 364
Other financial expenses 6 644 264
Total financial expenses 6 877 1 628
Financial results 9 334 4 742
Exceptionnal income
Exceptional income 4
Exceptional reverse in allowances 2 56
Total exceptional income 2 60
Exceptional costs
Exceptional expenses 4 6
Exceptional allowances for contingencies 31
Total exceptional costs 34 6
Exceptional results -32 53
Income tax
Total income 37 360 28 216
Total expenses 35 145 27 653
Intermediate balance 2 215 563

Breakdown of expenses by strategic area of focus

Diagnostics –
health systems
62%

Applied
research
7%

Mothers & children
20%

Knowledge
sharing
11%

Breakdown of income

  • Public partnerships 23%
  • Financial products & real estate income 32%
  • Sponsorship 38%
  • Other private partnerships 7%

Changes in headcount as of December 31, 2025

173 employees worldwide*

2025

Mérieux Foundation – Headquarters 78
Mérieux Foundation – International 76
Les Pensieres Center of Global Health 19

Total : 173

2024

Fondation Merieux - Headquarters 74
Fondation Merieux - International 67
Les Pensieres 17

Total : 158

89/100
Gender equality index for the year 2025, France

*Excluding interns, temporary employees (166,3 full-time equivalents)

Geographical segmentation of activities

World Map
  • Africa 35%
  • Haiti & Dominican Republic 8%
  • Madagascar 5%
  • Middle East 6%
  • Europe* 15%
  • South America 1%
  • Asia 20%
  • International 9%

*Activities carried out by teams based in Europe, in or for the other countries (including coordination)

Evolution of expenses by strategic area of focus

In thousands of euros

11 272 2023
10 175 2024
12 730 2025

Diagnostics – Health systems

2 664 2023
1 634 2024
1 369 2025

Applied research

2 043 2023
1 803 2024
2 178 2025

Knowledge sharing

2 744 2023
2 571 2024
4 039 2025

Mothers & children