Dr. Thomas Melissa: 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. Thomas Melissa
Largest movements
- Cash -€141,072
down €141,072 (-45.5%), from €310,121 to €169,048
mainly Contributions, distributions and other (-€370,730) and Receivables within one year (-€7,494)
- Receivables within one year +€7,494
up €7,494 (+9.8%), from €76,666 to €84,159
of which Trade receivables: +€11,312
- Tangible fixed assets -€4,501
down €4,501 (-36.2%), from €12,447 to €7,946
- Reserves -€155,026
down €155,026 (-41.9%), from €369,897 to €214,871
- Tax, wage and social debts +€14,953
up €14,953 (+226%), from €6,613 to €21,566
of which Remuneration and social security: +€12,451
- Gross operating margin +€68,781
up €68,781 (+31.0%), from €222,008 to €290,790
- Taxes +€16,879
up €16,879 (+34.0%), from €49,609 to €66,488
- Financial charges +€3,377
up €3,377 (+192%), from €1,757 to €5,134
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 | €399,233 | €261,154 | -€138,079 | -34.6% |
| Fixed assets | 21/28 | €12,447 | €7,946 | -€4,501 | -36.2% |
| Tangible fixed assets | 22/27 | €12,447 | €7,946 | -€4,501 | -36.2% |
| Furniture and vehicles | 24 | €12,447 | €7,946 | -€4,501 | -36.2% |
| Current assets | 29/58 | €386,786 | €253,208 | -€133,579 | -34.5% |
| Amounts receivable within one year | 40/41 | €76,666 | €84,159 | +€7,494 | +9.8% |
| Trade receivables | 40 | €72,847 | €84,159 | +€11,312 | +15.5% |
| Other amounts receivable | 41 | €3,819 | €0 | -€3,819 | -100% |
| Cash at bank and in hand | 54/58 | €310,121 | €169,048 | -€141,072 | -45.5% |
| Total equity and liabilities | 10/49 | €399,233 | €261,154 | -€138,079 | -34.6% |
| Equity | 10/15 | €371,897 | €216,871 | -€155,026 | -41.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €369,897 | €214,871 | -€155,026 | -41.9% |
| Distributable reserves | 133 | €369,897 | €214,871 | -€155,026 | -41.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,336 | €44,283 | +€16,947 | +62.0% |
| Amounts payable within one year | 42/48 | €27,336 | €44,283 | +€16,947 | +62.0% |
| Trade debts | 44 | €753 | €0 | -€753 | -100% |
| Suppliers | 440/4 | €753 | €0 | -€753 | -100% |
| Taxes, remuneration and social security | 45 | €6,613 | €21,566 | +€14,953 | +226% |
| Taxes | 450/3 | €6,613 | €9,115 | +€2,502 | +37.8% |
| Remuneration and social security | 454/9 | - | €12,451 | +€12,451 | |
| Other amounts payable | 47/48 | €19,970 | €22,717 | +€2,747 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,501 | €4,501 | = | 0.0% |
| Other operating charges | 640/8 | €628 | €646 | +€17 | +2.7% |
| Gross operating margin | 9900 | €222,008 | €290,790 | +€68,781 | +31.0% |
| Operating profit (loss) | 9901 | €216,879 | €285,643 | +€68,764 | +31.7% |
| Financial income | 75/76B | €480 | €1,681 | +€1,201 | +250% |
| Recurring financial income | 75 | €480 | €1,681 | +€1,201 | +250% |
| Financial charges | 65/66B | €1,757 | €5,134 | +€3,377 | +192% |
| Recurring financial charges | 65 | €1,757 | €5,134 | +€3,377 | +192% |
| Profit (loss) for the period before taxes | 9903 | €215,602 | €282,191 | +€66,589 | +30.9% |
| Income taxes | 67/77 | €49,609 | €66,488 | +€16,879 | +34.0% |
| Profit (loss) for the period | 9904 | €165,994 | €215,704 | +€49,710 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €165,994 | €215,704 | +€49,710 | +29.9% |
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 30 October 2026 via checked.be.