MEL MANAGEMENT: 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.
MEL MANAGEMENT
Largest movements
- Receivables within one year -€142,463
down €142,463 (-69.8%), from €203,993 to €61,530
of which Trade receivables: -€87,776
- Cash -€3,798
down €3,798 (-33.0%), from €11,508 to €7,710
mainly Contributions, distributions and other (-€130,628) and Other debts (-€93,583)
- Other debts -€93,583
down €93,583 (-91.7%), from €102,000 to €8,417
- Profit (loss) carried forward -€45,164
no longer reported in 2025 (was €45,164)
- Tax, wage and social debts -€7,824
down €7,824 (-16.9%), from €46,299 to €38,475
- Gross operating margin -€49,509
down €49,509 (-24.5%), from €201,755 to €152,246
- Write-downs +€40,000
new in 2025: €40,000
- Taxes -€28,757
down €28,757 (-49.2%), from €58,483 to €29,727
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 | €217,346 | €69,903 | -€147,443 | -67.8% |
| Fixed assets | 21/28 | €895 | €619 | -€276 | -30.9% |
| Tangible fixed assets | 22/27 | €895 | €619 | -€276 | -30.9% |
| Furniture and vehicles | 24 | €895 | €619 | -€276 | -30.9% |
| Current assets | 29/58 | €216,451 | €69,284 | -€147,167 | -68.0% |
| Amounts receivable within one year | 40/41 | €203,993 | €61,530 | -€142,463 | -69.8% |
| Trade receivables | 40 | €117,684 | €29,909 | -€87,776 | -74.6% |
| Other amounts receivable | 41 | €86,309 | €31,621 | -€54,688 | -63.4% |
| Cash at bank and in hand | 54/58 | €11,508 | €7,710 | -€3,798 | -33.0% |
| Deferred charges and accrued income | 490/1 | €950 | €44 | -€906 | -95.4% |
| Total equity and liabilities | 10/49 | €217,346 | €69,903 | -€147,443 | -67.8% |
| Equity | 10/15 | €63,714 | €18,550 | -€45,164 | -70.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,164 | - | -€45,164 | |
| Amounts payable | 17/49 | €153,633 | €51,353 | -€102,280 | -66.6% |
| Amounts payable within one year | 42/48 | €153,633 | €51,353 | -€102,280 | -66.6% |
| Trade debts | 44 | €5,333 | €4,460 | -€873 | -16.4% |
| Suppliers | 440/4 | €5,333 | €4,460 | -€873 | -16.4% |
| Taxes, remuneration and social security | 45 | €46,299 | €38,475 | -€7,824 | -16.9% |
| Taxes | 450/3 | €46,299 | €38,475 | -€7,824 | -16.9% |
| Other amounts payable | 47/48 | €102,000 | €8,417 | -€93,583 | -91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593 | €276 | -€317 | -53.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,000 | +€40,000 | |
| Other operating charges | 640/8 | €1,299 | €884 | -€415 | -31.9% |
| Gross operating margin | 9900 | €201,755 | €152,246 | -€49,509 | -24.5% |
| Operating profit (loss) | 9901 | €199,862 | €111,086 | -€88,777 | -44.4% |
| Financial income | 75/76B | €7,380 | €5,979 | -€1,401 | -19.0% |
| Recurring financial income | 75 | €7,380 | €5,979 | -€1,401 | -19.0% |
| Financial charges | 65/66B | €1,595 | €1,873 | +€278 | +17.4% |
| Recurring financial charges | 65 | €1,595 | €1,873 | +€278 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €205,647 | €115,191 | -€90,455 | -44.0% |
| Income taxes | 67/77 | €58,483 | €29,727 | -€28,757 | -49.2% |
| Profit (loss) for the period | 9904 | €147,164 | €85,465 | -€61,699 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €147,164 | €85,465 | -€61,699 | -41.9% |
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 13 October 2026 via checked.be.