Dr. Meli: 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.
Dr. Meli
Largest movements
- Tangible fixed assets -€11,233
down €11,233 (-33.0%), from €34,001 to €22,768
of which Furniture and vehicles: -€10,135
- Cash +€11,204
up €11,204 (+85.4%), from €13,126 to €24,330
mainly Net result for the year (+€41,924) and Other debts (+€12,387)
- Receivables within one year -€4,004
down €4,004 (-13.9%), from €28,892 to €24,888
of which Trade receivables: -€4,392
- Deferred charges and accrued income +€1,955
up €1,955 (+211%), from €927 to €2,882
- Other debts +€12,387
up €12,387 (+30.0%), from €41,313 to €53,700
- Debts after one year -€10,147
down €10,147 (-70.4%), from €14,420 to €4,273
- Tax, wage and social debts -€5,652
down €5,652 (-56.4%), from €10,025 to €4,373
- Accrued charges and deferred income +€770
up €770 (+593%), from €130 to €900
- Gross operating margin -€3,099
down €3,099 (-4.5%), from €69,361 to €66,262
- Other operating charges +€1,227
up €1,227 (+272%), from €451 to €1,678
- Depreciation -€1,099
down €1,099 (-9.3%), from €11,848 to €10,749
- Financial income -€1,003
down €1,003 (-86.7%), from €1,158 to €155
- Taxes -€875
down €875 (-7.0%), from €12,525 to €11,650
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 | €76,946 | €74,868 | -€2,078 | -2.7% |
| Fixed assets | 21/28 | €34,001 | €22,768 | -€11,233 | -33.0% |
| Tangible fixed assets | 22/27 | €34,001 | €22,768 | -€11,233 | -33.0% |
| Plant, machinery and equipment | 23 | €4,220 | €3,122 | -€1,098 | -26.0% |
| Furniture and vehicles | 24 | €29,781 | €19,646 | -€10,135 | -34.0% |
| Current assets | 29/58 | €42,945 | €52,100 | +€9,155 | +21.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €28,892 | €24,888 | -€4,004 | -13.9% |
| Trade receivables | 40 | €28,892 | €24,500 | -€4,392 | -15.2% |
| Other amounts receivable | 41 | - | €388 | +€388 | |
| Cash at bank and in hand | 54/58 | €13,126 | €24,330 | +€11,204 | +85.4% |
| Deferred charges and accrued income | 490/1 | €927 | €2,882 | +€1,955 | +211% |
| Total equity and liabilities | 10/49 | €76,946 | €74,868 | -€2,078 | -2.7% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €75,946 | €73,868 | -€2,078 | -2.7% |
| Amounts payable after more than one year | 17 | €14,420 | €4,273 | -€10,147 | -70.4% |
| Financial debts | 170/4 | €14,420 | €4,273 | -€10,147 | -70.4% |
| Amounts payable within one year | 42/48 | €61,396 | €68,695 | +€7,299 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €10,058 | €10,255 | +€197 | +2.0% |
| Trade debts | 44 | €0 | €368 | +€368 | |
| Suppliers | 440/4 | €0 | €368 | +€368 | |
| Taxes, remuneration and social security | 45 | €10,025 | €4,373 | -€5,652 | -56.4% |
| Taxes | 450/3 | €10,025 | €4,373 | -€5,652 | -56.4% |
| Other amounts payable | 47/48 | €41,313 | €53,700 | +€12,387 | +30.0% |
| Accrued charges and deferred income | 492/3 | €130 | €900 | +€770 | +593% |
| Remuneration, social security and pensions | 62 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,848 | €10,749 | -€1,099 | -9.3% |
| Other operating charges | 640/8 | €451 | €1,678 | +€1,227 | +272% |
| Gross operating margin | 9900 | €69,361 | €66,262 | -€3,099 | -4.5% |
| Operating profit (loss) | 9901 | €56,812 | €53,835 | -€2,977 | -5.2% |
| Financial income | 75/76B | €1,158 | €155 | -€1,003 | -86.7% |
| Recurring financial income | 75 | €1,158 | €155 | -€1,003 | -86.7% |
| Financial charges | 65/66B | €592 | €416 | -€176 | -29.8% |
| Recurring financial charges | 65 | €592 | €416 | -€176 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €57,378 | €53,574 | -€3,804 | -6.6% |
| Income taxes | 67/77 | €12,525 | €11,650 | -€875 | -7.0% |
| Profit (loss) for the period | 9904 | €44,853 | €41,924 | -€2,929 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,853 | €41,924 | -€2,929 | -6.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.