M-ELION: 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-ELION
Largest movements
- Cash -€246,677
down €246,677 (-67.9%), from €363,355 to €116,678
mainly Advances received (-€349,039) and Contributions, distributions and other (-€150,000)
- Receivables within one year +€49,956
up €49,956 (+8.4%), from €594,338 to €644,294
of which Trade receivables: +€36,425
- Financial fixed assets +€17,500
up €17,500 (+24.4%), from €71,744 to €89,244
- Advances received -€349,039
down €349,039 (-67.2%), from €519,065 to €170,026
- Profit (loss) carried forward +€233,494
up €233,494 (+638%), from €36,580 to €270,074
- Trade debts -€62,220
down €62,220 (-27.2%), from €228,450 to €166,230
- Debts after one year -€34,291
no longer reported in 2025 (was €34,291)
- Tax, wage and social debts +€30,529
up €30,529 (+57.1%), from €53,459 to €83,988
of which Taxes: +€24,798
- Staff costs -€95,465
down €95,465 (-20.8%), from €459,016 to €363,551
- Gross operating margin +€80,717
up €80,717 (+9.8%), from €819,768 to €900,485
- Taxes +€34,808
up €34,808 (+36.7%), from €94,831 to €129,639
- Other operating charges +€13,751
up €13,751 (+286%), from €4,810 to €18,561
- Financial charges +€10,691
up €10,691 (+381%), from €2,804 to €13,495
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 | €1,096,363 | €918,873 | -€177,490 | -16.2% |
| Fixed assets | 21/28 | €134,589 | €154,550 | +€19,961 | +14.8% |
| Tangible fixed assets | 22/27 | €62,845 | €65,306 | +€2,461 | +3.9% |
| Plant, machinery and equipment | 23 | €928 | €205 | -€723 | -77.9% |
| Furniture and vehicles | 24 | €61,436 | €64,891 | +€3,455 | +5.6% |
| Other tangible fixed assets | 26 | €481 | €210 | -€271 | -56.3% |
| Financial fixed assets | 28 | €71,744 | €89,244 | +€17,500 | +24.4% |
| Current assets | 29/58 | €961,774 | €764,323 | -€197,451 | -20.5% |
| Amounts receivable within one year | 40/41 | €594,338 | €644,294 | +€49,956 | +8.4% |
| Trade receivables | 40 | €288,984 | €325,409 | +€36,425 | +12.6% |
| Other amounts receivable | 41 | €305,354 | €318,885 | +€13,531 | +4.4% |
| Cash at bank and in hand | 54/58 | €363,355 | €116,678 | -€246,677 | -67.9% |
| Deferred charges and accrued income | 490/1 | €4,081 | €3,351 | -€730 | -17.9% |
| Total equity and liabilities | 10/49 | €1,096,363 | €918,873 | -€177,490 | -16.2% |
| Equity | 10/15 | €78,741 | €312,235 | +€233,494 | +297% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,961 | €35,961 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €15,351 | €15,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,580 | €270,074 | +€233,494 | +638% |
| Amounts payable | 17/49 | €1,017,622 | €606,638 | -€410,984 | -40.4% |
| Amounts payable after more than one year | 17 | €34,291 | - | -€34,291 | |
| Financial debts | 170/4 | €34,291 | - | -€34,291 | |
| Amounts payable within one year | 42/48 | €983,331 | €606,638 | -€376,693 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €40,357 | €51,394 | +€11,037 | +27.3% |
| Trade debts | 44 | €228,450 | €166,230 | -€62,220 | -27.2% |
| Suppliers | 440/4 | €228,450 | €166,230 | -€62,220 | -27.2% |
| Advances received on contracts in progress | 46 | €519,065 | €170,026 | -€349,039 | -67.2% |
| Taxes, remuneration and social security | 45 | €53,459 | €83,988 | +€30,529 | +57.1% |
| Taxes | 450/3 | €48,750 | €73,548 | +€24,798 | +50.9% |
| Remuneration and social security | 454/9 | €4,709 | €10,440 | +€5,731 | +122% |
| Other amounts payable | 47/48 | €142,000 | €135,000 | -€7,000 | -4.9% |
| Remuneration, social security and pensions | 62 | €459,016 | €363,551 | -€95,465 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,953 | €10,068 | +€3,115 | +44.8% |
| Other operating charges | 640/8 | €4,810 | €18,561 | +€13,751 | +286% |
| Non-recurring operating charges | 66A | €30,672 | - | -€30,672 | |
| Gross operating margin | 9900 | €819,768 | €900,485 | +€80,717 | +9.8% |
| Operating profit (loss) | 9901 | €318,317 | €508,305 | +€189,988 | +59.7% |
| Financial income | 75/76B | €13,737 | €18,323 | +€4,586 | +33.4% |
| Recurring financial income | 75 | €13,737 | €18,323 | +€4,586 | +33.4% |
| Financial charges | 65/66B | €2,804 | €13,495 | +€10,691 | +381% |
| Recurring financial charges | 65 | €2,804 | €13,495 | +€10,691 | +381% |
| Profit (loss) for the period before taxes | 9903 | €329,250 | €513,133 | +€183,883 | +55.8% |
| Income taxes | 67/77 | €94,831 | €129,639 | +€34,808 | +36.7% |
| Profit (loss) for the period | 9904 | €234,419 | €383,494 | +€149,075 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €234,419 | €383,494 | +€149,075 | +63.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.