MEL MAR: 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 MAR
Largest movements
- Receivables within one year -€66,559
down €66,559 (-46.7%), from €142,426 to €75,867
of which Other amounts receivable: -€88,120
- Cash +€14,249
up €14,249 (+465%), from €3,065 to €17,314
mainly Receivables within one year (+€66,559) and Net result for the year (+€20,526)
- Trade debts -€37,665
down €37,665 (-44.8%), from €84,011 to €46,346
- Profit (loss) carried forward -€8,885
down €8,885 (-28.3%), from €31,428 to €22,543
- Tax, wage and social debts -€3,709
down €3,709 (-13.3%), from €27,869 to €24,160
of which Taxes: -€9,865
- Gross operating margin +€20,247
up €20,247 (+33.9%), from €59,739 to €79,986
- Write-downs +€17,450
up €17,450, from -€8,725 to €8,725
- Financial charges +€17,204
up €17,204 (+477%), from €3,603 to €20,807
- Taxes -€13,361
down €13,361 (-88.3%), from €15,129 to €1,768
- Other operating charges +€11,260
up €11,260 (+73.2%), from €15,390 to €26,650
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 | €148,308 | €98,049 | -€50,259 | -33.9% |
| Fixed assets | 21/28 | €1,979 | €2,711 | +€732 | +37.0% |
| Tangible fixed assets | 22/27 | €1,616 | €2,348 | +€732 | +45.3% |
| Plant, machinery and equipment | 23 | €363 | - | -€363 | |
| Furniture and vehicles | 24 | €1,253 | €2,348 | +€1,095 | +87.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €146,329 | €95,338 | -€50,991 | -34.8% |
| Amounts receivable within one year | 40/41 | €142,426 | €75,867 | -€66,559 | -46.7% |
| Trade receivables | 40 | €35,716 | €57,277 | +€21,561 | +60.4% |
| Other amounts receivable | 41 | €106,710 | €18,590 | -€88,120 | -82.6% |
| Current investments | 50/53 | €300 | €300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,065 | €17,314 | +€14,249 | +465% |
| Deferred charges and accrued income | 490/1 | €538 | €1,856 | +€1,318 | +245% |
| Total equity and liabilities | 10/49 | €148,308 | €98,049 | -€50,259 | -33.9% |
| Equity | 10/15 | €36,428 | €27,543 | -€8,885 | -24.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,428 | €22,543 | -€8,885 | -28.3% |
| Amounts payable | 17/49 | €111,880 | €70,506 | -€41,374 | -37.0% |
| Amounts payable within one year | 42/48 | €111,880 | €70,506 | -€41,374 | -37.0% |
| Trade debts | 44 | €84,011 | €46,346 | -€37,665 | -44.8% |
| Suppliers | 440/4 | €84,011 | €46,346 | -€37,665 | -44.8% |
| Taxes, remuneration and social security | 45 | €27,869 | €24,160 | -€3,709 | -13.3% |
| Taxes | 450/3 | €27,869 | €18,004 | -€9,865 | -35.4% |
| Remuneration and social security | 454/9 | - | €6,156 | +€6,156 | |
| Non-recurring operating income | 76A | - | €20,700 | +€20,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €1,519 | +€1,049 | +223% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,725 | €8,725 | +€17,450 | |
| Other operating charges | 640/8 | €15,390 | €26,650 | +€11,260 | +73.2% |
| Gross operating margin | 9900 | €59,739 | €79,986 | +€20,247 | +33.9% |
| Operating profit (loss) | 9901 | €52,604 | €43,092 | -€9,512 | -18.1% |
| Financial income | 75/76B | €6 | €10 | +€4 | +73.7% |
| Recurring financial income | 75 | €6 | €10 | +€4 | +73.7% |
| Financial charges | 65/66B | €3,603 | €20,807 | +€17,204 | +477% |
| Recurring financial charges | 65 | €3,603 | €20,807 | +€17,204 | +477% |
| Profit (loss) for the period before taxes | 9903 | €49,007 | €22,295 | -€26,712 | -54.5% |
| Income taxes | 67/77 | €15,129 | €1,768 | -€13,361 | -88.3% |
| Profit (loss) for the period | 9904 | €33,878 | €20,526 | -€13,352 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,878 | €20,526 | -€13,352 | -39.4% |
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 15 October 2026 via checked.be.