DE MELLAERDE: 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.
DE MELLAERDE
Largest movements
- Tangible fixed assets +€392,685
up €392,685 (+123%), from €319,911 to €712,596
of which Assets under construction and advance payments: +€392,722
- Cash -€96,471
down €96,471 (-42.3%), from €227,909 to €131,438
mainly Investment in fixed assets (net) (-€392,722) and Receivables within one year (-€24,650)
- Receivables within one year +€24,650
new in 2025: €24,650
- Other debts +€300,000
up €300,000 (+314%), from €95,427 to €395,427
- Reserves +€21,139
up €21,139 (+10.4%), from €202,363 to €223,502
- Gross operating margin +€25,177
up €25,177, from -€3,698 to €21,479
- Financial charges -€6,630
down €6,630 (-99.0%), from €6,701 to €70
- Depreciation -€780
down €780 (-95.4%), from €818 to €37
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 | €547,820 | €869,082 | +€321,262 | +58.6% |
| Fixed assets | 21/28 | €319,911 | €712,596 | +€392,685 | +123% |
| Tangible fixed assets | 22/27 | €319,911 | €712,596 | +€392,685 | +123% |
| Land and buildings | 22 | €319,874 | €319,874 | = | 0.0% |
| Plant, machinery and equipment | 23 | €37 | €0 | -€37 | -100% |
| Assets under construction and advance payments | 27 | - | €392,722 | +€392,722 | |
| Current assets | 29/58 | €227,909 | €156,487 | -€71,423 | -31.3% |
| Amounts receivable within one year | 40/41 | - | €24,650 | +€24,650 | |
| Trade receivables | 40 | - | €24,650 | +€24,650 | |
| Cash at bank and in hand | 54/58 | €227,909 | €131,438 | -€96,471 | -42.3% |
| Deferred charges and accrued income | 490/1 | - | €398 | +€398 | |
| Total equity and liabilities | 10/49 | €547,820 | €869,082 | +€321,262 | +58.6% |
| Equity | 10/15 | €450,256 | €471,395 | +€21,139 | +4.7% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €202,363 | €223,502 | +€21,139 | +10.4% |
| Distributable reserves | 133 | €202,363 | €223,502 | +€21,139 | +10.4% |
| Amounts payable | 17/49 | €97,564 | €397,687 | +€300,123 | +308% |
| Amounts payable within one year | 42/48 | €97,564 | €397,687 | +€300,123 | +308% |
| Trade debts | 44 | €145 | €2,260 | +€2,115 | +1,461% |
| Suppliers | 440/4 | €145 | €2,260 | +€2,115 | +1,461% |
| Taxes, remuneration and social security | 45 | €1,992 | - | -€1,992 | |
| Taxes | 450/3 | €1,992 | - | -€1,992 | |
| Other amounts payable | 47/48 | €95,427 | €395,427 | +€300,000 | +314% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818 | €37 | -€780 | -95.4% |
| Other operating charges | 640/8 | €227 | €232 | +€5 | +2.2% |
| Gross operating margin | 9900 | -€3,698 | €21,479 | +€25,177 | |
| Operating profit (loss) | 9901 | -€4,743 | €21,209 | +€25,952 | |
| Financial charges | 65/66B | €6,701 | €70 | -€6,630 | -99.0% |
| Recurring financial charges | 65 | €6,701 | €70 | -€6,630 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,443 | €21,139 | +€32,583 | |
| Profit (loss) for the period | 9904 | -€11,443 | €21,139 | +€32,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,443 | €21,139 | +€32,583 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.