MEL SOINS: 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 SOINS
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-18.9%), from €158,583 to €128,583
- Cash -€9,459
down €9,459 (-6.4%), from €148,175 to €138,716
mainly Other debts (-€50,000) and Debts after one year (-€15,151)
- Other debts -€50,000
down €50,000 (-70.8%), from €70,641 to €20,641
- Reserves +€24,377
up €24,377 (+18.0%), from €135,728 to €160,105
- Debts after one year -€15,151
down €15,151 (-31.1%), from €48,686 to €33,535
- Gross operating margin -€8,248
down €8,248 (-10.1%), from €81,992 to €73,744
- Depreciation -€8,051
down €8,051 (-19.1%), from €42,148 to €34,097
- Financial charges -€932
down €932 (-25.4%), from €3,674 to €2,742
of which Financial charges: -€869
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.
Cash bridge derived
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 | €313,014 | €270,539 | -€42,475 | -13.6% |
| Fixed assets | 21/28 | €164,229 | €131,638 | -€32,591 | -19.8% |
| Intangible fixed assets | 21 | €158,583 | €128,583 | -€30,000 | -18.9% |
| Tangible fixed assets | 22/27 | €5,646 | €3,055 | -€2,591 | -45.9% |
| Furniture and vehicles | 24 | €5,646 | €3,055 | -€2,591 | -45.9% |
| Current assets | 29/58 | €148,785 | €138,901 | -€9,884 | -6.6% |
| Cash at bank and in hand | 54/58 | €148,175 | €138,716 | -€9,459 | -6.4% |
| Deferred charges and accrued income | 490/1 | €610 | €185 | -€425 | -69.7% |
| Total equity and liabilities | 10/49 | €313,014 | €270,539 | -€42,475 | -13.6% |
| Equity | 10/15 | €159,923 | €184,300 | +€24,377 | +15.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €135,728 | €160,105 | +€24,377 | +18.0% |
| Distributable reserves | 133 | €135,728 | €160,105 | +€24,377 | +18.0% |
| Profit (loss) carried forward | 14 | €14,195 | €14,195 | = | 0.0% |
| Amounts payable | 17/49 | €153,091 | €86,239 | -€66,852 | -43.7% |
| Amounts payable after more than one year | 17 | €48,686 | €33,535 | -€15,151 | -31.1% |
| Financial debts | 170/4 | €48,686 | €33,535 | -€15,151 | -31.1% |
| Amounts payable within one year | 42/48 | €104,405 | €52,704 | -€51,701 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €14,589 | €15,151 | +€562 | +3.9% |
| Financial debts | 43 | €12,427 | €12,018 | -€409 | -3.3% |
| Credit institutions | 430/8 | €12,427 | €12,018 | -€409 | -3.3% |
| Trade debts | 44 | €4,961 | €4,244 | -€717 | -14.5% |
| Suppliers | 440/4 | €4,961 | €4,244 | -€717 | -14.5% |
| Taxes, remuneration and social security | 45 | €1,787 | €650 | -€1,137 | -63.6% |
| Taxes | 450/3 | €287 | - | -€287 | |
| Remuneration and social security | 454/9 | €1,500 | €650 | -€850 | -56.7% |
| Other amounts payable | 47/48 | €70,641 | €20,641 | -€50,000 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,148 | €34,097 | -€8,051 | -19.1% |
| Other operating charges | 640/8 | €629 | €528 | -€101 | -16.1% |
| Gross operating margin | 9900 | €81,992 | €73,744 | -€8,248 | -10.1% |
| Operating profit (loss) | 9901 | €39,215 | €39,119 | -€96 | -0.2% |
| Financial charges | 65/66B | €3,674 | €2,742 | -€932 | -25.4% |
| Recurring financial charges | 65 | €3,611 | €2,742 | -€869 | -24.1% |
| Non-recurring financial charges | 66B | €63 | - | -€63 | |
| Profit (loss) for the period before taxes | 9903 | €35,541 | €36,377 | +€836 | +2.4% |
| Income taxes | 67/77 | €11,955 | €12,000 | +€45 | +0.4% |
| Profit (loss) for the period | 9904 | €23,586 | €24,377 | +€791 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,586 | €24,377 | +€791 | +3.4% |
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 10 October 2026 via checked.be.