BUREAU LUC MELON: 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.
BUREAU LUC MELON
Largest movements
- Intangible fixed assets +€768,980
new in 2024: €768,980
- Cash -€91,426
down €91,426 (-91.1%), from €100,395 to €8,969
mainly Investment in fixed assets (net) (-€811,088) and Other debts (-€59,966)
- Tangible fixed assets -€30,279
down €30,279 (-23.2%), from €130,306 to €100,027
of which Leasing and similar rights: -€37,671
- Receivables after one year -€27,140
no longer reported in 2024 (was €27,140)
- Receivables within one year -€25,578
down €25,578 (-10.4%), from €246,140 to €220,562
of which Other amounts receivable: -€30,015
- Debts after one year +€654,940
up €654,940 (+1,382%), from €47,394 to €702,334
- Current portion of long-term debt +€83,597
up €83,597 (+264%), from €31,607 to €115,204
- Other debts -€59,966
down €59,966 (-96.2%), from €62,319 to €2,353
- Tax, wage and social debts -€34,593
down €34,593 (-36.7%), from €94,337 to €59,744
of which Taxes: -€47,620
- Trade debts -€21,815
down €21,815 (-90.2%), from €24,189 to €2,374
- Staff costs +€154,069
up €154,069 (+39.6%), from €389,480 to €543,548
- Gross operating margin +€106,976
up €106,976 (+22.2%), from €482,462 to €589,438
- Taxes -€12,016
down €12,016 (-54.1%), from €22,191 to €10,175
- Depreciation -€7,476
down €7,476 (-13.3%), from €56,367 to €48,890
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 | €566,157 | €1,174,085 | +€607,929 | +107% |
| Fixed assets | 21/28 | €131,498 | €893,696 | +€762,198 | +580% |
| Intangible fixed assets | 21 | - | €768,980 | +€768,980 | |
| Tangible fixed assets | 22/27 | €130,306 | €100,027 | -€30,279 | -23.2% |
| Plant, machinery and equipment | 23 | €39,447 | €30,354 | -€9,094 | -23.1% |
| Furniture and vehicles | 24 | €1,177 | €17,664 | +€16,487 | +1,401% |
| Leasing and similar rights | 25 | €89,681 | €52,010 | -€37,671 | -42.0% |
| Financial fixed assets | 28 | €1,192 | €24,688 | +€23,496 | +1,971% |
| Current assets | 29/58 | €434,659 | €280,390 | -€154,269 | -35.5% |
| Amounts receivable after more than one year | 29 | €27,140 | - | -€27,140 | |
| Other amounts receivable | 291 | €27,140 | - | -€27,140 | |
| Amounts receivable within one year | 40/41 | €246,140 | €220,562 | -€25,578 | -10.4% |
| Trade receivables | 40 | €17,198 | €21,635 | +€4,437 | +25.8% |
| Other amounts receivable | 41 | €228,943 | €198,928 | -€30,015 | -13.1% |
| Current investments | 50/53 | €45,412 | €26,809 | -€18,603 | -41.0% |
| Cash at bank and in hand | 54/58 | €100,395 | €8,969 | -€91,426 | -91.1% |
| Deferred charges and accrued income | 490/1 | €15,571 | €24,049 | +€8,478 | +54.4% |
| Total equity and liabilities | 10/49 | €566,157 | €1,174,085 | +€607,929 | +107% |
| Equity | 10/15 | €277,343 | €271,297 | -€6,046 | -2.2% |
| Contributions | 10/11 | €7,736 | €7,736 | = | 0.0% |
| Reserves | 13 | €130,644 | €109,236 | -€21,408 | -16.4% |
| Non-distributable reserves | 130/1 | €9,142 | - | -€9,142 | |
| Reserves not available under the articles | 1311 | €9,142 | - | -€9,142 | |
| Tax-exempt reserves | 132 | €121,502 | €100,094 | -€21,408 | -17.6% |
| Distributable reserves | 133 | - | €9,142 | +€9,142 | |
| Profit (loss) carried forward | 14 | €138,963 | €154,325 | +€15,362 | +11.1% |
| Provisions and deferred taxes | 16 | €28,967 | €20,779 | -€8,189 | -28.3% |
| Deferred taxes | 168 | €28,967 | €20,779 | -€8,189 | -28.3% |
| Amounts payable | 17/49 | €259,847 | €882,010 | +€622,163 | +239% |
| Amounts payable after more than one year | 17 | €47,394 | €702,334 | +€654,940 | +1,382% |
| Financial debts | 170/4 | €47,394 | €702,334 | +€654,940 | +1,382% |
| Amounts payable within one year | 42/48 | €212,452 | €179,676 | -€32,777 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €31,607 | €115,204 | +€83,597 | +264% |
| Trade debts | 44 | €24,189 | €2,374 | -€21,815 | -90.2% |
| Suppliers | 440/4 | €24,189 | €2,374 | -€21,815 | -90.2% |
| Taxes, remuneration and social security | 45 | €94,337 | €59,744 | -€34,593 | -36.7% |
| Taxes | 450/3 | €47,620 | - | -€47,620 | |
| Remuneration and social security | 454/9 | €46,718 | €59,744 | +€13,026 | +27.9% |
| Other amounts payable | 47/48 | €62,319 | €2,353 | -€59,966 | -96.2% |
| Remuneration, social security and pensions | 62 | €389,480 | €543,548 | +€154,069 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,367 | €48,890 | -€7,476 | -13.3% |
| Other operating charges | 640/8 | €1,136 | €1,227 | +€90 | +8.0% |
| Gross operating margin | 9900 | €482,462 | €589,438 | +€106,976 | +22.2% |
| Operating profit (loss) | 9901 | €35,480 | -€4,227 | -€39,707 | |
| Financial income | 75/76B | €3,052 | €3,340 | +€288 | +9.4% |
| Recurring financial income | 75 | €3,052 | €3,340 | +€288 | +9.4% |
| Financial charges | 65/66B | €3,003 | €3,172 | +€169 | +5.6% |
| Recurring financial charges | 65 | €3,003 | €3,172 | +€169 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €35,528 | -€4,059 | -€39,588 | |
| Transfer from deferred taxes | 780 | €9,710 | €8,189 | -€1,522 | -15.7% |
| Income taxes | 67/77 | €22,191 | €10,175 | -€12,016 | -54.1% |
| Profit (loss) for the period | 9904 | €23,048 | -€6,046 | -€29,094 | |
| Transfer from tax-exempt reserves | 789 | €25,074 | €21,408 | -€3,667 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,123 | €15,362 | -€32,761 | -68.1% |
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 23 October 2026 via checked.be.