MELAM: 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.
MELAM
Largest movements
- Cash +€46,106
up €46,106 (+29.4%), from €156,971 to €203,077
mainly Net result for the year (+€179,651) and Other debts (+€70,869)
- Other debts +€70,869
up €70,869 (+44.2%), from €160,426 to €231,295
- Tax, wage and social debts -€33,142
down €33,142 (-57.1%), from €58,032 to €24,890
- Reserves +€10,000
up €10,000, from €0 to €10,000
- Gross operating margin +€69,812
up €69,812 (+39.0%), from €179,163 to €248,975
- Taxes +€17,261
up €17,261 (+41.5%), from €41,642 to €58,902
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 | €223,443 | €270,466 | +€47,022 | +21.0% |
| Fixed assets | 21/28 | €34,003 | €33,570 | -€432 | -1.3% |
| Tangible fixed assets | 22/27 | €29,003 | €28,570 | -€432 | -1.5% |
| Land and buildings | 22 | €4,708 | €4,122 | -€586 | -12.4% |
| Plant, machinery and equipment | 23 | €13,195 | €13,732 | +€537 | +4.1% |
| Furniture and vehicles | 24 | €11,099 | €10,716 | -€383 | -3.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €189,441 | €236,895 | +€47,454 | +25.0% |
| Amounts receivable within one year | 40/41 | €32,072 | €33,590 | +€1,518 | +4.7% |
| Trade receivables | 40 | €31,339 | €33,590 | +€2,251 | +7.2% |
| Other amounts receivable | 41 | €733 | €0 | -€733 | -100.0% |
| Cash at bank and in hand | 54/58 | €156,971 | €203,077 | +€46,106 | +29.4% |
| Deferred charges and accrued income | 490/1 | €397 | €228 | -€169 | -42.6% |
| Total equity and liabilities | 10/49 | €223,443 | €270,466 | +€47,022 | +21.0% |
| Equity | 10/15 | €1,000 | €11,000 | +€10,000 | +1000.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | €10,000 | +€10,000 | |
| Distributable reserves | 133 | €0 | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €222,443 | €259,466 | +€37,022 | +16.6% |
| Amounts payable within one year | 42/48 | €222,021 | €259,171 | +€37,150 | +16.7% |
| Trade debts | 44 | €3,563 | €2,986 | -€577 | -16.2% |
| Suppliers | 440/4 | €3,563 | €2,986 | -€577 | -16.2% |
| Taxes, remuneration and social security | 45 | €58,032 | €24,890 | -€33,142 | -57.1% |
| Taxes | 450/3 | €58,032 | €24,890 | -€33,142 | -57.1% |
| Other amounts payable | 47/48 | €160,426 | €231,295 | +€70,869 | +44.2% |
| Accrued charges and deferred income | 492/3 | €422 | €295 | -€128 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,720 | €7,591 | +€871 | +13.0% |
| Other operating charges | 640/8 | €803 | €782 | -€22 | -2.7% |
| Gross operating margin | 9900 | €179,163 | €248,975 | +€69,812 | +39.0% |
| Operating profit (loss) | 9901 | €171,639 | €240,601 | +€68,962 | +40.2% |
| Financial income | 75/76B | €1 | €0 | -€0 | -13.5% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -13.5% |
| Financial charges | 65/66B | €1,950 | €2,049 | +€99 | +5.1% |
| Recurring financial charges | 65 | €1,950 | €2,049 | +€99 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €169,690 | €238,553 | +€68,863 | +40.6% |
| Income taxes | 67/77 | €41,642 | €58,902 | +€17,261 | +41.5% |
| Profit (loss) for the period | 9904 | €128,049 | €179,651 | +€51,602 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €128,049 | €179,651 | +€51,602 | +40.3% |
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 11 October 2026 via checked.be.