L. 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.
L. MELOTTE
Largest movements
- Receivables within one year -€178,079
down €178,079 (-35.1%), from €507,629 to €329,550
of which Trade receivables: -€214,802
- Cash +€171,266
up €171,266 (+2,185%), from €7,838 to €179,104
mainly Receivables within one year (+€178,079) and Net result for the year (+€111,330)
- Stocks and contracts +€76,660
up €76,660 (+280%), from €27,408 to €104,068
- Tangible fixed assets -€31,241
down €31,241 (-16.5%), from €189,795 to €158,554
of which Furniture and vehicles: -€37,771
- Reserves +€110,000
up €110,000 (+120%), from €92,000 to €202,000
of which Distributable reserves: +€110,000
- Other debts -€67,477
down €67,477 (-83.6%), from €80,698 to €13,221
- Current portion of long-term debt +€56,156
up €56,156 (+32.3%), from €173,894 to €230,050
- Debts after one year -€49,919
down €49,919 (-72.6%), from €68,781 to €18,862
- Trade debts +€14,084
up €14,084 (+21.7%), from €65,052 to €79,136
- Gross operating margin +€65,789
up €65,789 (+29.4%), from €224,063 to €289,852
- Taxes +€19,975
up €19,975 (+65.1%), from €30,665 to €50,640
- Depreciation +€5,316
up €5,316 (+9.0%), from €58,814 to €64,130
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 | €735,920 | €777,427 | +€41,507 | +5.6% |
| Fixed assets | 21/28 | €189,795 | €158,554 | -€31,241 | -16.5% |
| Tangible fixed assets | 22/27 | €189,795 | €158,554 | -€31,241 | -16.5% |
| Plant, machinery and equipment | 23 | €19,595 | €26,125 | +€6,530 | +33.3% |
| Furniture and vehicles | 24 | €170,200 | €132,429 | -€37,771 | -22.2% |
| Current assets | 29/58 | €546,125 | €618,873 | +€72,748 | +13.3% |
| Stocks and contracts in progress | 3 | €27,408 | €104,068 | +€76,660 | +280% |
| Stocks | 30/36 | €27,408 | €104,068 | +€76,660 | +280% |
| Amounts receivable within one year | 40/41 | €507,629 | €329,550 | -€178,079 | -35.1% |
| Trade receivables | 40 | €406,240 | €191,438 | -€214,802 | -52.9% |
| Other amounts receivable | 41 | €101,389 | €138,112 | +€36,723 | +36.2% |
| Cash at bank and in hand | 54/58 | €7,838 | €179,104 | +€171,266 | +2,185% |
| Deferred charges and accrued income | 490/1 | €3,250 | €6,151 | +€2,901 | +89.3% |
| Total equity and liabilities | 10/49 | €735,920 | €777,427 | +€41,507 | +5.6% |
| Equity | 10/15 | €297,246 | €408,576 | +€111,330 | +37.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €92,000 | €202,000 | +€110,000 | +120% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €200,000 | +€110,000 | +122% |
| Profit (loss) carried forward | 14 | €185,246 | €186,576 | +€1,330 | +0.7% |
| Provisions and deferred taxes | 16 | €33,500 | €23,750 | -€9,750 | -29.1% |
| Deferred taxes | 168 | €33,500 | €23,750 | -€9,750 | -29.1% |
| Amounts payable | 17/49 | €405,174 | €345,101 | -€60,073 | -14.8% |
| Amounts payable after more than one year | 17 | €68,781 | €18,862 | -€49,919 | -72.6% |
| Financial debts | 170/4 | €68,781 | €18,862 | -€49,919 | -72.6% |
| Amounts payable within one year | 42/48 | €336,393 | €326,239 | -€10,154 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €173,894 | €230,050 | +€56,156 | +32.3% |
| Trade debts | 44 | €65,052 | €79,136 | +€14,084 | +21.7% |
| Suppliers | 440/4 | €65,052 | €79,136 | +€14,084 | +21.7% |
| Taxes, remuneration and social security | 45 | €16,749 | €3,832 | -€12,917 | -77.1% |
| Taxes | 450/3 | €13,045 | €39 | -€13,006 | -99.7% |
| Remuneration and social security | 454/9 | €3,704 | €3,793 | +€89 | +2.4% |
| Other amounts payable | 47/48 | €80,698 | €13,221 | -€67,477 | -83.6% |
| Remuneration, social security and pensions | 62 | €45,788 | €46,565 | +€777 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,814 | €64,130 | +€5,316 | +9.0% |
| Other operating charges | 640/8 | €8,999 | €6,481 | -€2,518 | -28.0% |
| Gross operating margin | 9900 | €224,063 | €289,852 | +€65,789 | +29.4% |
| Operating profit (loss) | 9901 | €110,462 | €172,676 | +€62,214 | +56.3% |
| Financial income | 75/76B | €10 | €37 | +€27 | +270% |
| Recurring financial income | 75 | €10 | €37 | +€27 | +270% |
| Financial charges | 65/66B | €13,593 | €10,743 | -€2,850 | -21.0% |
| Recurring financial charges | 65 | €13,593 | €10,743 | -€2,850 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €96,879 | €161,970 | +€65,091 | +67.2% |
| Income taxes | 67/77 | €30,665 | €50,640 | +€19,975 | +65.1% |
| Profit (loss) for the period | 9904 | €66,214 | €111,330 | +€45,116 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,214 | €111,330 | +€45,116 | +68.1% |
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 18 October 2026 via checked.be.