Melacon: what changed
Two fiscal 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.
Melacon
Largest movements
- Cash -€353,563
down €353,563 (-82.4%), from €428,908 to €75,345
mainly Receivables after one year (-€271,195) and Current investments (-€142,940)
- Receivables after one year +€271,195
up €271,195 (+181.9%), from €149,116 to €420,311
- Current investments +€142,940
new in 2025: €142,940
- Receivables within one year -€63,250
down €63,250 (-77.7%), from €81,400 to €18,150
of which Other amounts receivable: -€81,400
- Reserves +€56,257
up €56,257 (+62.5%), from €90,000 to €146,257
of which Tax-exempt reserves: +€28,207
- Debts after one year -€55,519
down €55,519 (-22.5%), from €246,727 to €191,207
- Financial charges -€3.0m
down €3.0m (-99.5%), from €3.0m to €14,436
of which Non-recurring financial charges: -€3.0m
- Financial income -€369,829
down €369,829 (-93.8%), from €394,376 to €24,547
- Gross operating margin +€34,706
up €34,706 (+81.4%), from €42,650 to €77,357
- Taxes +€18,298
up €18,298 (+226.1%), from €8,095 to €26,393
- Depreciation +€1,017
up €1,017 (+70.4%), from €1,445 to €2,462
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 | €948,767 | €941,396 | -€7,371 | -0.8% |
| Fixed assets | 21/28 | €266,449 | €265,862 | -€587 | -0.2% |
| Tangible fixed assets | 22/27 | €266,449 | €265,862 | -€587 | -0.2% |
| Land and buildings | 22 | €254,093 | €253,859 | -€233 | -0.1% |
| Plant, machinery and equipment | 23 | €2,069 | €2,036 | -€33 | -1.6% |
| Furniture and vehicles | 24 | €9,680 | €9,487 | -€193 | -2.0% |
| Other tangible fixed assets | 26 | €607 | €480 | -€127 | -21.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €682,318 | €675,534 | -€6,784 | -1.0% |
| Amounts receivable after more than one year | 29 | €149,116 | €420,311 | +€271,195 | +181.9% |
| Other amounts receivable | 291 | €149,116 | €420,311 | +€271,195 | +181.9% |
| Amounts receivable within one year | 40/41 | €81,400 | €18,150 | -€63,250 | -77.7% |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €81,400 | €0 | -€81,400 | -100.0% |
| Current investments | 50/53 | - | €142,940 | +€142,940 | |
| Cash at bank and in hand | 54/58 | €428,908 | €75,345 | -€353,563 | -82.4% |
| Deferred charges and accrued income | 490/1 | €22,894 | €18,788 | -€4,106 | -17.9% |
| Total equity and liabilities | 10/49 | €948,767 | €941,396 | -€7,371 | -0.8% |
| Equity | 10/15 | €624,230 | €680,487 | +€56,257 | +9.0% |
| Contributions | 10/11 | €534,230 | €534,230 | = | 0.0% |
| Reserves | 13 | €90,000 | €146,257 | +€56,257 | +62.5% |
| Tax-exempt reserves | 132 | - | €28,207 | +€28,207 | |
| Distributable reserves | 133 | €90,000 | €118,050 | +€28,050 | +31.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €324,537 | €260,909 | -€63,628 | -19.6% |
| Amounts payable after more than one year | 17 | €246,727 | €191,207 | -€55,519 | -22.5% |
| Financial debts | 170/4 | €246,727 | €191,207 | -€55,519 | -22.5% |
| Amounts payable within one year | 42/48 | €77,681 | €69,701 | -€7,979 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €56,430 | €55,519 | -€911 | -1.6% |
| Trade debts | 44 | €10,440 | €2,861 | -€7,579 | -72.6% |
| Suppliers | 440/4 | €10,440 | €2,861 | -€7,579 | -72.6% |
| Taxes, remuneration and social security | 45 | €10,810 | €11,321 | +€511 | +4.7% |
| Taxes | 450/3 | €10,810 | €11,321 | +€511 | +4.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €130 | €0 | -€130 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,445 | €2,462 | +€1,017 | +70.4% |
| Other operating charges | 640/8 | €1,857 | €2,356 | +€499 | +26.9% |
| Gross operating margin | 9900 | €42,650 | €77,357 | +€34,706 | +81.4% |
| Operating profit (loss) | 9901 | €39,349 | €72,539 | +€33,190 | +84.3% |
| Financial income | 75/76B | €394,376 | €24,547 | -€369,829 | -93.8% |
| Recurring financial income | 75 | €394,376 | €24,547 | -€369,829 | -93.8% |
| Financial charges | 65/66B | €2,994,061 | €14,436 | -€3.0m | -99.5% |
| Recurring financial charges | 65 | €8,061 | €14,436 | +€6,375 | +79.1% |
| Non-recurring financial charges | 66B | €2,986,000 | €0 | -€3.0m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,560,336 | €82,650 | +€2.6m | |
| Income taxes | 67/77 | €8,095 | €26,393 | +€18,298 | +226.1% |
| Profit (loss) for the period | 9904 | -€2,568,431 | €56,257 | +€2.6m | |
| Transfer to tax-exempt reserves | 689 | - | €28,207 | +€28,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,568,431 | €28,050 | +€2.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.