MELA WORK GROUP: 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.
MELA WORK GROUP
Largest movements
- Receivables within one year -€17,233
down €17,233 (-7.8%), from €221,853 to €204,620
of which Trade receivables: -€50,011
- Trade debts -€57,891
down €57,891 (-52.3%), from €110,674 to €52,783
- Reserves +€42,100
up €42,100 (+73.9%), from €57,000 to €99,100
- Gross operating margin -€22,960
down €22,960 (-30.3%), from €75,892 to €52,931
- Taxes -€5,678
down €5,678 (-25.6%), from €22,202 to €16,524
- Financial charges -€1,143
down €1,143 (-83.5%), from €1,368 to €225
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 | €222,892 | €205,435 | -€17,458 | -7.8% |
| Fixed assets | 21/28 | - | €813 | +€813 | |
| Tangible fixed assets | 22/27 | - | €813 | +€813 | |
| Plant, machinery and equipment | 23 | - | €813 | +€813 | |
| Current assets | 29/58 | €222,892 | €204,622 | -€18,271 | -8.2% |
| Amounts receivable within one year | 40/41 | €221,853 | €204,620 | -€17,233 | -7.8% |
| Trade receivables | 40 | €104,195 | €54,184 | -€50,011 | -48.0% |
| Other amounts receivable | 41 | €117,658 | €150,436 | +€32,778 | +27.9% |
| Cash at bank and in hand | 54/58 | €396 | €2 | -€394 | -99.6% |
| Deferred charges and accrued income | 490/1 | €644 | - | -€644 | |
| Total equity and liabilities | 10/49 | €222,892 | €205,435 | -€17,458 | -7.8% |
| Equity | 10/15 | €69,902 | €112,106 | +€42,204 | +60.4% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Reserves | 13 | €57,000 | €99,100 | +€42,100 | +73.9% |
| Distributable reserves | 133 | €57,000 | €99,100 | +€42,100 | +73.9% |
| Profit (loss) carried forward | 14 | €11,202 | €11,306 | +€104 | +0.9% |
| Amounts payable | 17/49 | €152,990 | €93,329 | -€59,662 | -39.0% |
| Amounts payable within one year | 42/48 | €152,990 | €93,329 | -€59,662 | -39.0% |
| Financial debts | 43 | €12 | - | -€12 | |
| Credit institutions | 430/8 | €12 | - | -€12 | |
| Trade debts | 44 | €110,674 | €52,783 | -€57,891 | -52.3% |
| Suppliers | 440/4 | €110,674 | €52,783 | -€57,891 | -52.3% |
| Taxes, remuneration and social security | 45 | €42,304 | €40,546 | -€1,758 | -4.2% |
| Taxes | 450/3 | €33,805 | €40,546 | +€6,741 | +19.9% |
| Remuneration and social security | 454/9 | €8,499 | - | -€8,499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €286 | -€223 | -43.8% |
| Other operating charges | 640/8 | €1,600 | €867 | -€733 | -45.8% |
| Gross operating margin | 9900 | €75,892 | €52,931 | -€22,960 | -30.3% |
| Operating profit (loss) | 9901 | €73,783 | €51,778 | -€22,004 | -29.8% |
| Financial income | 75/76B | €6,984 | €7,175 | +€191 | +2.7% |
| Recurring financial income | 75 | €6,984 | €7,175 | +€191 | +2.7% |
| Financial charges | 65/66B | €1,368 | €225 | -€1,143 | -83.5% |
| Recurring financial charges | 65 | €1,368 | €225 | -€1,143 | -83.5% |
| Profit (loss) for the period before taxes | 9903 | €79,398 | €58,728 | -€20,670 | -26.0% |
| Income taxes | 67/77 | €22,202 | €16,524 | -€5,678 | -25.6% |
| Profit (loss) for the period | 9904 | €57,196 | €42,204 | -€14,992 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,196 | €42,204 | -€14,992 | -26.2% |
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 20 October 2026 via checked.be.