DR. VAN MELLAERT C: 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. VAN MELLAERT C
Largest movements
- Cash -€72,014
down €72,014 (-16.6%), from €433,007 to €360,992
mainly Contributions, distributions and other (-€115,631) and Receivables within one year (-€42,659)
- Receivables within one year +€42,659
up €42,659 (+303%), from €14,057 to €56,717
of which Other amounts receivable: +€40,138
- Tangible fixed assets -€40,420
down €40,420 (-32.4%), from €124,749 to €84,329
- Current investments +€10,558
up €10,558 (+8.9%), from €118,979 to €129,537
- Reserves -€63,577
down €63,577 (-11.8%), from €540,368 to €476,791
of which Distributable reserves: -€51,077
- Contributions +€12,500
up €12,500 (+10.0%), from €125,000 to €137,500
- Tax, wage and social debts -€10,268
down €10,268 (-35.2%), from €29,197 to €18,929
of which Taxes: -€12,422
- Gross operating margin -€21,652
down €21,652 (-10.2%), from €212,539 to €190,887
- Staff costs +€19,144
up €19,144 (+47.7%), from €40,106 to €59,250
- Taxes -€13,858
down €13,858 (-35.8%), from €38,739 to €24,880
- Depreciation +€2,824
up €2,824 (+7.3%), from €38,605 to €41,429
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 | €700,202 | €641,052 | -€59,150 | -8.4% |
| Fixed assets | 21/28 | €124,749 | €84,329 | -€40,420 | -32.4% |
| Tangible fixed assets | 22/27 | €124,749 | €84,329 | -€40,420 | -32.4% |
| Land and buildings | 22 | €35,409 | €17,394 | -€18,015 | -50.9% |
| Plant, machinery and equipment | 23 | €63,216 | €46,730 | -€16,486 | -26.1% |
| Furniture and vehicles | 24 | €26,125 | €20,205 | -€5,919 | -22.7% |
| Current assets | 29/58 | €575,453 | €556,723 | -€18,730 | -3.3% |
| Amounts receivable within one year | 40/41 | €14,057 | €56,717 | +€42,659 | +303% |
| Trade receivables | 40 | €590 | €3,111 | +€2,521 | +427% |
| Other amounts receivable | 41 | €13,467 | €53,606 | +€40,138 | +298% |
| Current investments | 50/53 | €118,979 | €129,537 | +€10,558 | +8.9% |
| Cash at bank and in hand | 54/58 | €433,007 | €360,992 | -€72,014 | -16.6% |
| Deferred charges and accrued income | 490/1 | €9,410 | €9,478 | +€68 | +0.7% |
| Total equity and liabilities | 10/49 | €700,202 | €641,052 | -€59,150 | -8.4% |
| Equity | 10/15 | €665,368 | €614,291 | -€51,077 | -7.7% |
| Contributions | 10/11 | €125,000 | €137,500 | +€12,500 | +10.0% |
| Reserves | 13 | €540,368 | €476,791 | -€63,577 | -11.8% |
| Non-distributable reserves | 130/1 | €12,500 | - | -€12,500 | |
| Reserves not available under the articles | 1311 | €12,500 | - | -€12,500 | |
| Distributable reserves | 133 | €527,868 | €476,791 | -€51,077 | -9.7% |
| Amounts payable | 17/49 | €34,835 | €26,762 | -€8,073 | -23.2% |
| Amounts payable within one year | 42/48 | €34,835 | €26,762 | -€8,073 | -23.2% |
| Trade debts | 44 | €5,637 | €7,833 | +€2,195 | +38.9% |
| Suppliers | 440/4 | €5,637 | €7,833 | +€2,195 | +38.9% |
| Taxes, remuneration and social security | 45 | €29,197 | €18,929 | -€10,268 | -35.2% |
| Taxes | 450/3 | €23,147 | €10,726 | -€12,422 | -53.7% |
| Remuneration and social security | 454/9 | €6,050 | €8,203 | +€2,153 | +35.6% |
| Remuneration, social security and pensions | 62 | €40,106 | €59,250 | +€19,144 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,605 | €41,429 | +€2,824 | +7.3% |
| Other operating charges | 640/8 | €1,799 | €1,798 | -€1 | -0.1% |
| Non-recurring operating charges | 66A | - | €430 | +€430 | |
| Gross operating margin | 9900 | €212,539 | €190,887 | -€21,652 | -10.2% |
| Operating profit (loss) | 9901 | €132,029 | €87,980 | -€44,049 | -33.4% |
| Financial income | 75/76B | €4,927 | €3,481 | -€1,446 | -29.3% |
| Recurring financial income | 75 | €4,927 | €3,481 | -€1,446 | -29.3% |
| Financial charges | 65/66B | €1,143 | €2,027 | +€884 | +77.4% |
| Recurring financial charges | 65 | €1,143 | €2,027 | +€884 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €135,813 | €89,435 | -€46,379 | -34.1% |
| Income taxes | 67/77 | €38,739 | €24,880 | -€13,858 | -35.8% |
| Profit (loss) for the period | 9904 | €97,075 | €64,555 | -€32,520 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,075 | €64,555 | -€32,520 | -33.5% |
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 17 October 2026 via checked.be.