JOAN MELOTTE: 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.
JOAN MELOTTE
Largest movements
- Receivables within one year -€10,175
down €10,175 (-56.0%), from €18,155 to €7,980
- Formation expenses -€10,000
down €10,000 (-46.3%), from €21,616 to €11,616
- Tangible fixed assets -€626
down €626 (-15.5%), from €4,033 to €3,407
of which Furniture and vehicles: -€461
- Profit (loss) carried forward -€15,067
down €15,067 (-24.4%), from -€61,632 to -€76,699
- Other debts -€9,926
down €9,926 (-13.7%), from €72,231 to €62,304
- Trade debts +€3,611
up €3,611 (+34.9%), from €10,341 to €13,952
- Gross operating margin -€35,143
down €35,143, from €33,172 to -€1,972
- Other operating charges -€6,091
down €6,091 (-84.4%), from €7,213 to €1,122
- Depreciation -€1,052
down €1,052 (-9.0%), from €11,678 to €10,626
- Purchases and services -€754
down €754 (-1.2%), from €65,273 to €64,519
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 | €44,039 | €23,061 | -€20,977 | -47.6% |
| Formation expenses | 20 | €21,616 | €11,616 | -€10,000 | -46.3% |
| Fixed assets | 21/28 | €4,033 | €3,407 | -€626 | -15.5% |
| Tangible fixed assets | 22/27 | €4,033 | €3,407 | -€626 | -15.5% |
| Land and buildings | 22 | €2,944 | €2,837 | -€107 | -3.6% |
| Plant, machinery and equipment | 23 | €59 | - | -€59 | |
| Furniture and vehicles | 24 | €1,031 | €570 | -€461 | -44.7% |
| Current assets | 29/58 | €18,389 | €8,038 | -€10,351 | -56.3% |
| Amounts receivable within one year | 40/41 | €18,155 | €7,980 | -€10,175 | -56.0% |
| Trade receivables | 40 | €18,155 | €7,980 | -€10,175 | -56.0% |
| Cash at bank and in hand | 54/58 | €233 | €57 | -€176 | -75.5% |
| Total equity and liabilities | 10/49 | €44,039 | €23,061 | -€20,977 | -47.6% |
| Equity | 10/15 | -€39,632 | -€54,699 | -€15,067 | -38.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,632 | -€76,699 | -€15,067 | -24.4% |
| Amounts payable | 17/49 | €83,671 | €77,761 | -€5,910 | -7.1% |
| Amounts payable within one year | 42/48 | €83,671 | €77,436 | -€6,235 | -7.5% |
| Financial debts | 43 | - | €99 | +€99 | |
| Credit institutions | 430/8 | - | €99 | +€99 | |
| Trade debts | 44 | €10,341 | €13,952 | +€3,611 | +34.9% |
| Suppliers | 440/4 | €10,341 | €13,952 | +€3,611 | +34.9% |
| Taxes, remuneration and social security | 45 | €1,099 | €1,081 | -€18 | -1.6% |
| Taxes | 450/3 | €1,099 | €1,081 | -€18 | -1.6% |
| Other amounts payable | 47/48 | €72,231 | €62,304 | -€9,926 | -13.7% |
| Accrued charges and deferred income | 492/3 | - | €325 | +€325 | |
| Goods, raw materials, services and sundry goods | 60/61 | €65,273 | €64,519 | -€754 | -1.2% |
| Remuneration, social security and pensions | 62 | - | €78 | +€78 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,678 | €10,626 | -€1,052 | -9.0% |
| Other operating charges | 640/8 | €7,213 | €1,122 | -€6,091 | -84.4% |
| Gross operating margin | 9900 | €33,172 | -€1,972 | -€35,143 | |
| Operating profit (loss) | 9901 | €14,280 | -€13,798 | -€28,078 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €105 | €413 | +€308 | +293% |
| Recurring financial charges | 65 | €105 | €413 | +€308 | +293% |
| Profit (loss) for the period before taxes | 9903 | €14,175 | -€14,202 | -€28,377 | |
| Income taxes | 67/77 | €971 | €865 | -€105 | -10.9% |
| Profit (loss) for the period | 9904 | €13,205 | -€15,067 | -€28,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,205 | -€15,067 | -€28,272 |
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 31 October 2026 via checked.be.