IMMO MELEN: what changed
Two fiscal 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.
IMMO MELEN
Largest movements
- Cash -€130,260
down €130,260 (-54.3%), from €239,847 to €109,587
mainly Other debts (-€133,712) and Investment in fixed assets (net) (-€16,969)
- Other debts -€133,712
down €133,712 (-44.2%), from €302,650 to €168,938
- Gross operating margin +€942
up €942 (+2.4%), from €39,544 to €40,486
- Other operating charges +€509
up €509 (+3.8%), from €13,319 to €13,828
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.
Cash bridge derived
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 | €606,308 | €475,476 | -€130,831 | -21.6% |
| Fixed assets | 21/28 | €362,021 | €359,432 | -€2,589 | -0.7% |
| Tangible fixed assets | 22/27 | €362,021 | €359,432 | -€2,589 | -0.7% |
| Land and buildings | 22 | €362,021 | €359,432 | -€2,589 | -0.7% |
| Current assets | 29/58 | €244,287 | €116,044 | -€128,242 | -52.5% |
| Amounts receivable within one year | 40/41 | €705 | €856 | +€152 | +21.5% |
| Other amounts receivable | 41 | €705 | €856 | +€152 | +21.5% |
| Cash at bank and in hand | 54/58 | €239,847 | €109,587 | -€130,260 | -54.3% |
| Deferred charges and accrued income | 490/1 | €3,735 | €5,600 | +€1,865 | +49.9% |
| Total equity and liabilities | 10/49 | €606,308 | €475,476 | -€130,831 | -21.6% |
| Equity | 10/15 | €299,644 | €303,919 | +€4,275 | +1.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €217,850 | €217,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €211,700 | €211,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,295 | €24,570 | +€4,275 | +21.1% |
| Amounts payable | 17/49 | €306,663 | €171,557 | -€135,106 | -44.1% |
| Amounts payable within one year | 42/48 | €306,663 | €171,557 | -€135,106 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €1,666 | - | -€1,666 | |
| Trade debts | 44 | €51 | €323 | +€272 | +537.1% |
| Suppliers | 440/4 | €51 | €323 | +€272 | +537.1% |
| Taxes, remuneration and social security | 45 | €2,296 | €2,296 | = | 0.0% |
| Taxes | 450/3 | €2,296 | €2,296 | = | 0.0% |
| Other amounts payable | 47/48 | €302,650 | €168,938 | -€133,712 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,330 | €19,558 | +€229 | +1.2% |
| Other operating charges | 640/8 | €13,319 | €13,828 | +€509 | +3.8% |
| Gross operating margin | 9900 | €39,544 | €40,486 | +€942 | +2.4% |
| Operating profit (loss) | 9901 | €6,896 | €7,100 | +€204 | +3.0% |
| Financial charges | 65/66B | €274 | €182 | -€92 | -33.7% |
| Recurring financial charges | 65 | €274 | €182 | -€92 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €6,622 | €6,918 | +€296 | +4.5% |
| Income taxes | 67/77 | €2,296 | €2,644 | +€347 | +15.1% |
| Profit (loss) for the period | 9904 | €4,326 | €4,275 | -€51 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,326 | €4,275 | -€51 | -1.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.