m-elek: 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.
m-elek
Largest movements
- Receivables within one year -€10,302
down €10,302 (-15.3%), from €67,483 to €57,181
of which Trade receivables: -€14,053
- Tangible fixed assets -€5,639
down €5,639 (-50.7%), from €11,124 to €5,486
of which Plant, machinery and equipment: -€3,139
- Cash +€4,934
up €4,934 (+84.0%), from €5,873 to €10,808
mainly Receivables within one year (+€10,302) and Depreciation (+€5,639)
- Tax, wage and social debts -€5,435
down €5,435 (-52.3%), from €10,394 to €4,959
of which Taxes: -€7,515
- Profit (loss) carried forward -€5,285
new in 2025: -€5,285
- Gross operating margin +€36,353
up €36,353 (+564%), from €6,450 to €42,802
- Staff costs +€35,208
up €35,208 (+18,512%), from €190 to €35,398
- Financial charges +€5,717
up €5,717 (+2,838%), from €201 to €5,918
- Financial income -€1,423
down €1,423 (-42.8%), from €3,324 to €1,901
- Taxes -€839
down €839 (-76.3%), from €1,099 to €260
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 | €85,187 | €73,964 | -€11,223 | -13.2% |
| Fixed assets | 21/28 | €11,124 | €5,486 | -€5,639 | -50.7% |
| Tangible fixed assets | 22/27 | €11,124 | €5,486 | -€5,639 | -50.7% |
| Plant, machinery and equipment | 23 | €5,727 | €2,589 | -€3,139 | -54.8% |
| Furniture and vehicles | 24 | €5,397 | €2,897 | -€2,500 | -46.3% |
| Current assets | 29/58 | €74,063 | €68,479 | -€5,584 | -7.5% |
| Amounts receivable within one year | 40/41 | €67,483 | €57,181 | -€10,302 | -15.3% |
| Trade receivables | 40 | €24,738 | €10,685 | -€14,053 | -56.8% |
| Other amounts receivable | 41 | €42,745 | €46,497 | +€3,752 | +8.8% |
| Cash at bank and in hand | 54/58 | €5,873 | €10,808 | +€4,934 | +84.0% |
| Deferred charges and accrued income | 490/1 | €706 | €490 | -€217 | -30.7% |
| Total equity and liabilities | 10/49 | €85,187 | €73,964 | -€11,223 | -13.2% |
| Equity | 10/15 | €71,056 | €65,770 | -€5,285 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,456 | €52,456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €51,836 | €51,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,285 | -€5,285 | |
| Amounts payable | 17/49 | €14,131 | €8,194 | -€5,937 | -42.0% |
| Amounts payable within one year | 42/48 | €14,131 | €8,194 | -€5,937 | -42.0% |
| Trade debts | 44 | €3,737 | €3,235 | -€502 | -13.4% |
| Suppliers | 440/4 | €3,737 | €3,235 | -€502 | -13.4% |
| Taxes, remuneration and social security | 45 | €10,394 | €4,959 | -€5,435 | -52.3% |
| Taxes | 450/3 | €10,394 | €2,880 | -€7,515 | -72.3% |
| Remuneration and social security | 454/9 | - | €2,079 | +€2,079 | |
| Remuneration, social security and pensions | 62 | €190 | €35,398 | +€35,208 | +18,512% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,270 | €5,639 | -€631 | -10.1% |
| Other operating charges | 640/8 | €2,039 | €2,773 | +€735 | +36.0% |
| Gross operating margin | 9900 | €6,450 | €42,802 | +€36,353 | +564% |
| Operating profit (loss) | 9901 | -€2,049 | -€1,008 | +€1,042 | +50.8% |
| Financial income | 75/76B | €3,324 | €1,901 | -€1,423 | -42.8% |
| Recurring financial income | 75 | €3,324 | €1,901 | -€1,423 | -42.8% |
| Financial charges | 65/66B | €201 | €5,918 | +€5,717 | +2,838% |
| Recurring financial charges | 65 | €201 | €5,918 | +€5,717 | +2,838% |
| Profit (loss) for the period before taxes | 9903 | €1,073 | -€5,025 | -€6,098 | |
| Income taxes | 67/77 | €1,099 | €260 | -€839 | -76.3% |
| Profit (loss) for the period | 9904 | -€26 | -€5,285 | -€5,259 | -19,966% |
| Profit (loss) for the period to be appropriated | 9905 | -€26 | -€5,285 | -€5,259 | -19,966% |
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 21 October 2026 via checked.be.