Melange: 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.
Melange
Largest movements
- Deferred charges and accrued income -€40,690
down €40,690 (-74.8%), from €54,388 to €13,698
- Tangible fixed assets -€36,724
down €36,724 (-3.0%), from €1.2m to €1.2m
of which Land and buildings: -€26,635
- Current investments -€25,000
down €25,000 (-82.0%), from €30,500 to €5,500
- Debts after one year -€114,584
down €114,584 (-10.2%), from €1.1m to €1.0m
of which Financial debts: -€114,584
- Other debts +€72,101
up €72,101 (+2419.8%), from €2,980 to €75,081
- Reserves -€56,582
down €56,582 (-41.7%), from €135,737 to €79,154
- Tax, wage and social debts +€26,678
up €26,678 (+724.8%), from €3,681 to €30,359
- Gross operating margin +€19,402
up €19,402 (+14.3%), from €135,675 to €155,077
- Taxes +€3,815
up €3,815 (+21.3%), from €17,885 to €21,699
- Depreciation +€2,689
up €2,689 (+5.8%), from €46,486 to €49,175
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 | €1,362,750 | €1,276,137 | -€86,613 | -6.4% |
| Fixed assets | 21/28 | €1,216,820 | €1,180,096 | -€36,724 | -3.0% |
| Tangible fixed assets | 22/27 | €1,214,086 | €1,177,362 | -€36,724 | -3.0% |
| Land and buildings | 22 | €1,172,220 | €1,145,585 | -€26,635 | -2.3% |
| Furniture and vehicles | 24 | €41,867 | €31,778 | -€10,089 | -24.1% |
| Financial fixed assets | 28 | €2,734 | €2,734 | = | 0.0% |
| Current assets | 29/58 | €145,930 | €96,041 | -€49,889 | -34.2% |
| Amounts receivable within one year | 40/41 | €47,995 | €54,407 | +€6,412 | +13.4% |
| Trade receivables | 40 | €39,369 | €42,584 | +€3,215 | +8.2% |
| Other amounts receivable | 41 | €8,626 | €11,823 | +€3,197 | +37.1% |
| Current investments | 50/53 | €30,500 | €5,500 | -€25,000 | -82.0% |
| Cash at bank and in hand | 54/58 | €13,047 | €22,436 | +€9,389 | +72.0% |
| Deferred charges and accrued income | 490/1 | €54,388 | €13,698 | -€40,690 | -74.8% |
| Total equity and liabilities | 10/49 | €1,362,750 | €1,276,137 | -€86,613 | -6.4% |
| Equity | 10/15 | €154,337 | €85,664 | -€68,672 | -44.5% |
| Contributions | 10/11 | €18,600 | €6,510 | -€12,090 | -65.0% |
| Reserves | 13 | €135,737 | €79,154 | -€56,582 | -41.7% |
| Distributable reserves | 133 | €135,737 | €79,154 | -€56,582 | -41.7% |
| Amounts payable | 17/49 | €1,208,413 | €1,190,473 | -€17,941 | -1.5% |
| Amounts payable after more than one year | 17 | €1,119,157 | €1,004,573 | -€114,584 | -10.2% |
| Financial debts | 170/4 | €1,113,207 | €998,623 | -€114,584 | -10.3% |
| Other amounts payable | 178/9 | €5,950 | €5,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,208 | €185,338 | +€102,130 | +122.7% |
| Current portion of amounts payable after more than one year | 42 | €62,344 | €64,584 | +€2,240 | +3.6% |
| Financial debts | 43 | - | €33 | +€33 | |
| Credit institutions | 430/8 | - | €33 | +€33 | |
| Trade debts | 44 | €14,203 | €15,281 | +€1,077 | +7.6% |
| Suppliers | 440/4 | €14,203 | €15,281 | +€1,077 | +7.6% |
| Taxes, remuneration and social security | 45 | €3,681 | €30,359 | +€26,678 | +724.8% |
| Taxes | 450/3 | €3,681 | €30,359 | +€26,678 | +724.8% |
| Other amounts payable | 47/48 | €2,980 | €75,081 | +€72,101 | +2419.8% |
| Accrued charges and deferred income | 492/3 | €6,049 | €562 | -€5,486 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,486 | €49,175 | +€2,689 | +5.8% |
| Other operating charges | 640/8 | €5,791 | €7,216 | +€1,425 | +24.6% |
| Gross operating margin | 9900 | €135,675 | €155,077 | +€19,402 | +14.3% |
| Operating profit (loss) | 9901 | €83,397 | €98,686 | +€15,289 | +18.3% |
| Financial income | 75/76B | €223 | €197 | -€26 | -11.7% |
| Recurring financial income | 75 | €223 | €197 | -€26 | -11.7% |
| Financial charges | 65/66B | €46,047 | €45,537 | -€510 | -1.1% |
| Recurring financial charges | 65 | €46,047 | €45,537 | -€510 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €37,573 | €53,346 | +€15,773 | +42.0% |
| Income taxes | 67/77 | €17,885 | €21,699 | +€3,815 | +21.3% |
| Profit (loss) for the period | 9904 | €19,688 | €31,647 | +€11,958 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,688 | €31,647 | +€11,958 | +60.7% |
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 9 October 2026 via checked.be.