MELAPRET: 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.
MELAPRET
Largest movements
- Cash -€299,316
down €299,316 (-26.8%), from €1.1m to €818,250
mainly Investment in fixed assets (net) (-€476,146) and Receivables within one year (-€184,394)
- Tangible fixed assets +€263,135
up €263,135 (+40.9%), from €642,601 to €905,736
of which Plant, machinery and equipment: +€255,294
- Receivables within one year +€184,394
up €184,394 (+84.9%), from €217,246 to €401,641
of which Other amounts receivable: +€226,582
- Current investments -€143,605
down €143,605 (-74.3%), from €193,267 to €49,662
- Other debts -€140,000
down €140,000 (-46.7%), from €300,001 to €160,001
- Debts after one year +€139,268
new in 2025: €139,268
- Current portion of long-term debt +€38,160
new in 2025: €38,160
- Trade debts -€35,667
down €35,667 (-22.4%), from €159,167 to €123,500
- Gross operating margin -€225,929
down €225,929 (-18.4%), from €1.2m to €1.0m
- Staff costs -€56,198
down €56,198 (-9.0%), from €624,959 to €568,761
- Depreciation +€27,591
up €27,591 (+14.9%), from €185,420 to €213,011
- Taxes -€24,136
down €24,136 (-36.7%), from €65,776 to €41,640
- Financial income +€24,056
up €24,056 (+314.8%), from €7,642 to €31,697
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 | €2,236,182 | €2,271,101 | +€34,919 | +1.6% |
| Fixed assets | 21/28 | €642,601 | €905,736 | +€263,135 | +40.9% |
| Tangible fixed assets | 22/27 | €642,601 | €905,736 | +€263,135 | +40.9% |
| Land and buildings | 22 | €267,950 | €267,213 | -€737 | -0.3% |
| Plant, machinery and equipment | 23 | €287,546 | €542,839 | +€255,294 | +88.8% |
| Furniture and vehicles | 24 | €87,105 | €95,683 | +€8,578 | +9.8% |
| Current assets | 29/58 | €1,593,581 | €1,365,365 | -€228,216 | -14.3% |
| Stocks and contracts in progress | 3 | €61,426 | €72,038 | +€10,612 | +17.3% |
| Stocks | 30/36 | €61,426 | €72,038 | +€10,612 | +17.3% |
| Amounts receivable within one year | 40/41 | €217,246 | €401,641 | +€184,394 | +84.9% |
| Trade receivables | 40 | €194,496 | €152,308 | -€42,188 | -21.7% |
| Other amounts receivable | 41 | €22,751 | €249,333 | +€226,582 | +995.9% |
| Current investments | 50/53 | €193,267 | €49,662 | -€143,605 | -74.3% |
| Cash at bank and in hand | 54/58 | €1,117,566 | €818,250 | -€299,316 | -26.8% |
| Deferred charges and accrued income | 490/1 | €4,076 | €23,774 | +€19,699 | +483.3% |
| Total equity and liabilities | 10/49 | €2,236,182 | €2,271,101 | +€34,919 | +1.6% |
| Equity | 10/15 | €1,712,700 | €1,717,093 | +€4,393 | +0.3% |
| Contributions | 10/11 | €104,100 | €104,100 | = | 0.0% |
| Capital | 10 | €104,100 | €104,100 | = | 0.0% |
| Issued capital | 100 | €104,100 | €104,100 | = | 0.0% |
| Reserves | 13 | €1,608,600 | €1,612,993 | +€4,393 | +0.3% |
| Non-distributable reserves | 130/1 | €10,410 | €10,410 | = | 0.0% |
| Legal reserve | 130 | €10,410 | €10,410 | = | 0.0% |
| Distributable reserves | 133 | €1,598,190 | €1,602,583 | +€4,393 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €523,482 | €554,008 | +€30,526 | +5.8% |
| Amounts payable after more than one year | 17 | - | €139,268 | +€139,268 | |
| Financial debts | 170/4 | - | €139,268 | +€139,268 | |
| Amounts payable within one year | 42/48 | €523,482 | €414,715 | -€108,767 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | - | €38,160 | +€38,160 | |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €159,167 | €123,500 | -€35,667 | -22.4% |
| Suppliers | 440/4 | €159,167 | €123,500 | -€35,667 | -22.4% |
| Taxes, remuneration and social security | 45 | €64,314 | €73,054 | +€8,740 | +13.6% |
| Taxes | 450/3 | €19,245 | €20,629 | +€1,385 | +7.2% |
| Remuneration and social security | 454/9 | €45,070 | €52,425 | +€7,355 | +16.3% |
| Other amounts payable | 47/48 | €300,001 | €160,001 | -€140,000 | -46.7% |
| Accrued charges and deferred income | 492/3 | €0 | €25 | +€25 | |
| Remuneration, social security and pensions | 62 | €624,959 | €568,761 | -€56,198 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,420 | €213,011 | +€27,591 | +14.9% |
| Other operating charges | 640/8 | €13,547 | €17,711 | +€4,164 | +30.7% |
| Non-recurring operating charges | 66A | - | €4,644 | +€4,644 | |
| Gross operating margin | 9900 | €1,227,796 | €1,001,867 | -€225,929 | -18.4% |
| Operating profit (loss) | 9901 | €403,870 | €197,740 | -€206,130 | -51.0% |
| Financial income | 75/76B | €7,642 | €31,697 | +€24,056 | +314.8% |
| Recurring financial income | 75 | €7,642 | €31,697 | +€24,056 | +314.8% |
| Financial charges | 65/66B | €18,562 | €23,404 | +€4,842 | +26.1% |
| Recurring financial charges | 65 | €18,562 | €23,404 | +€4,842 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €392,950 | €206,033 | -€186,916 | -47.6% |
| Income taxes | 67/77 | €65,776 | €41,640 | -€24,136 | -36.7% |
| Profit (loss) for the period | 9904 | €327,174 | €164,393 | -€162,781 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €327,174 | €164,393 | -€162,781 | -49.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.