MELAET-CALLAERT: 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.
MELAET-CALLAERT
Largest movements
- Tangible fixed assets -€41,338
down €41,338 (-14.1%), from €292,550 to €251,212
- Current portion of long-term debt -€32,683
down €32,683 (-87.9%), from €37,175 to €4,492
- Profit (loss) carried forward -€26,359
down €26,359 (-11.4%), from €231,830 to €205,471
- Trade debts +€26,285
up €26,285 (+179%), from €14,710 to €40,995
- Tax, wage and social debts -€13,229
down €13,229 (-35.7%), from €37,031 to €23,802
of which Taxes: -€15,132
- Other debts +€8,210
new in 2025: €8,210
- Gross operating margin -€37,214
down €37,214 (-12.8%), from €291,113 to €253,899
- Staff costs +€19,137
up €19,137 (+9.2%), from €207,005 to €226,142
- Taxes -€4,647
down €4,647, from €4,647 to -€0
- Depreciation -€3,604
down €3,604 (-7.2%), from €49,877 to €46,273
- Other operating charges -€3,377
down €3,377 (-41.0%), from €8,236 to €4,859
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 | €397,837 | €355,569 | -€42,268 | -10.6% |
| Fixed assets | 21/28 | €298,325 | €252,416 | -€45,909 | -15.4% |
| Intangible fixed assets | 21 | €2,275 | €1,183 | -€1,092 | -48.0% |
| Tangible fixed assets | 22/27 | €292,550 | €251,212 | -€41,338 | -14.1% |
| Land and buildings | 22 | €194,332 | €180,284 | -€14,047 | -7.2% |
| Plant, machinery and equipment | 23 | €48,673 | €33,359 | -€15,314 | -31.5% |
| Furniture and vehicles | 24 | €46,435 | €35,258 | -€11,177 | -24.1% |
| Other tangible fixed assets | 26 | €3,110 | €2,311 | -€800 | -25.7% |
| Financial fixed assets | 28 | €3,500 | €21 | -€3,479 | -99.4% |
| Current assets | 29/58 | €99,512 | €103,153 | +€3,641 | +3.7% |
| Stocks and contracts in progress | 3 | €1,025 | €4,250 | +€3,225 | +315% |
| Stocks | 30/36 | €1,025 | €4,250 | +€3,225 | +315% |
| Amounts receivable within one year | 40/41 | €42,581 | €43,321 | +€739 | +1.7% |
| Trade receivables | 40 | €6,364 | €13,872 | +€7,508 | +118% |
| Other amounts receivable | 41 | €36,217 | €29,448 | -€6,769 | -18.7% |
| Cash at bank and in hand | 54/58 | €49,702 | €50,221 | +€519 | +1.0% |
| Deferred charges and accrued income | 490/1 | €6,203 | €5,361 | -€842 | -13.6% |
| Total equity and liabilities | 10/49 | €397,837 | €355,569 | -€42,268 | -10.6% |
| Equity | 10/15 | €304,430 | €278,071 | -€26,359 | -8.7% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €6,600 | €6,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,600 | €6,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,830 | €205,471 | -€26,359 | -11.4% |
| Amounts payable | 17/49 | €93,407 | €77,499 | -€15,909 | -17.0% |
| Amounts payable after more than one year | 17 | €4,492 | - | -€4,492 | |
| Financial debts | 170/4 | €4,492 | - | -€4,492 | |
| Amounts payable within one year | 42/48 | €88,916 | €77,499 | -€11,417 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €37,175 | €4,492 | -€32,683 | -87.9% |
| Trade debts | 44 | €14,710 | €40,995 | +€26,285 | +179% |
| Suppliers | 440/4 | €14,710 | €40,995 | +€26,285 | +179% |
| Taxes, remuneration and social security | 45 | €37,031 | €23,802 | -€13,229 | -35.7% |
| Taxes | 450/3 | €18,412 | €3,280 | -€15,132 | -82.2% |
| Remuneration and social security | 454/9 | €18,619 | €20,522 | +€1,903 | +10.2% |
| Other amounts payable | 47/48 | - | €8,210 | +€8,210 | |
| Remuneration, social security and pensions | 62 | €207,005 | €226,142 | +€19,137 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,877 | €46,273 | -€3,604 | -7.2% |
| Other operating charges | 640/8 | €8,236 | €4,859 | -€3,377 | -41.0% |
| Gross operating margin | 9900 | €291,113 | €253,899 | -€37,214 | -12.8% |
| Operating profit (loss) | 9901 | €25,996 | -€23,375 | -€49,371 | |
| Financial income | 75/76B | €169 | €70 | -€100 | -58.8% |
| Recurring financial income | 75 | €169 | €70 | -€100 | -58.8% |
| Financial charges | 65/66B | €3,538 | €3,054 | -€484 | -13.7% |
| Recurring financial charges | 65 | €3,538 | €3,054 | -€484 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €22,628 | -€26,359 | -€48,987 | |
| Income taxes | 67/77 | €4,647 | -€0 | -€4,647 | |
| Profit (loss) for the period | 9904 | €17,980 | -€26,359 | -€44,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,980 | -€26,359 | -€44,340 |
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 24 October 2026 via checked.be.