MELAPRET: 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.
MELAPRET
Largest movements
- Receivables within one year -€296,497
down €296,497 (-21.4%), from €1.4m to €1.1m
of which Other amounts receivable: -€225,692
- Current investments +€228,168
up €228,168, from €0 to €228,168
- Tangible fixed assets -€39,971
down €39,971 (-9.1%), from €439,483 to €399,513
of which Land and buildings: -€63,313
- Cash -€39,722
down €39,722 (-5.0%), from €797,854 to €758,132
mainly Current investments (-€228,168) and Tax, wage and social debts (-€94,963)
- Tax, wage and social debts -€94,963
down €94,963 (-89.7%), from €105,818 to €10,855
- Debts after one year -€34,243
down €34,243 (-56.3%), from €60,827 to €26,583
of which Financial debts: -€35,826
- Financial income -€1.2m
down €1.2m (-99.8%), from €1.2m to €2,322
of which Non-recurring financial income: -€1.2m
- Taxes -€124,516
down €124,516, from €113,329 to -€11,187
- Gross operating margin -€57,921
down €57,921 (-33.5%), from €172,974 to €115,052
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 | €2,624,945 | €2,477,362 | -€147,583 | -5.6% |
| Fixed assets | 21/28 | €439,483 | €399,513 | -€39,971 | -9.1% |
| Tangible fixed assets | 22/27 | €439,483 | €399,513 | -€39,971 | -9.1% |
| Land and buildings | 22 | €426,219 | €362,906 | -€63,313 | -14.9% |
| Plant, machinery and equipment | 23 | €13,264 | €47 | -€13,218 | -99.6% |
| Furniture and vehicles | 24 | €0 | €36,560 | +€36,560 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,185,462 | €2,077,850 | -€107,612 | -4.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,384,150 | €1,087,653 | -€296,497 | -21.4% |
| Trade receivables | 40 | €168,447 | €97,642 | -€70,805 | -42.0% |
| Other amounts receivable | 41 | €1,215,703 | €990,011 | -€225,692 | -18.6% |
| Current investments | 50/53 | €0 | €228,168 | +€228,168 | |
| Cash at bank and in hand | 54/58 | €797,854 | €758,132 | -€39,722 | -5.0% |
| Deferred charges and accrued income | 490/1 | €3,458 | €3,897 | +€439 | +12.7% |
| Total equity and liabilities | 10/49 | €2,624,945 | €2,477,362 | -€147,583 | -5.6% |
| Equity | 10/15 | €2,389,128 | €2,399,109 | +€9,981 | +0.4% |
| Contributions | 10/11 | €272,700 | €272,700 | = | 0.0% |
| Reserves | 13 | €2,057,648 | €2,067,629 | +€9,981 | +0.5% |
| Non-distributable reserves | 130/1 | €27,270 | €27,270 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,270 | €27,270 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,710 | €17,710 | = | 0.0% |
| Distributable reserves | 133 | €2,012,669 | €2,022,649 | +€9,981 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €58,780 | €58,780 | = | 0.0% |
| Amounts payable | 17/49 | €235,817 | €78,254 | -€157,563 | -66.8% |
| Amounts payable after more than one year | 17 | €60,827 | €26,583 | -€34,243 | -56.3% |
| Financial debts | 170/4 | €60,827 | €25,001 | -€35,826 | -58.9% |
| Other amounts payable | 178/9 | - | €1,583 | +€1,583 | |
| Amounts payable within one year | 42/48 | €174,815 | €51,645 | -€123,170 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | €57,319 | €35,826 | -€21,493 | -37.5% |
| Trade debts | 44 | €11,679 | €4,964 | -€6,714 | -57.5% |
| Suppliers | 440/4 | €11,679 | €4,964 | -€6,714 | -57.5% |
| Taxes, remuneration and social security | 45 | €105,818 | €10,855 | -€94,963 | -89.7% |
| Taxes | 450/3 | €105,818 | €10,855 | -€94,963 | -89.7% |
| Accrued charges and deferred income | 492/3 | €175 | €25 | -€150 | -85.6% |
| Non-recurring operating income | 76A | €0 | €7,761 | +€7,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,472 | €77,020 | +€549 | +0.7% |
| Other operating charges | 640/8 | €25,173 | €23,576 | -€1,596 | -6.3% |
| Gross operating margin | 9900 | €172,974 | €115,052 | -€57,921 | -33.5% |
| Operating profit (loss) | 9901 | €71,329 | €14,455 | -€56,874 | -79.7% |
| Financial income | 75/76B | €1,194,031 | €2,322 | -€1.2m | -99.8% |
| Recurring financial income | 75 | €18,513 | €2,322 | -€16,191 | -87.5% |
| Non-recurring financial income | 76B | €1,175,518 | €0 | -€1.2m | -100% |
| Financial charges | 65/66B | €4,196 | €2,984 | -€1,212 | -28.9% |
| Recurring financial charges | 65 | €4,196 | €2,984 | -€1,212 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €1,261,165 | €13,793 | -€1.2m | -98.9% |
| Income taxes | 67/77 | €113,329 | -€11,187 | -€124,516 | |
| Profit (loss) for the period | 9904 | €1,147,836 | €24,981 | -€1.1m | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,147,836 | €24,981 | -€1.1m | -97.8% |
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 27 October 2026 via checked.be.