MELBEYZA: 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.
MELBEYZA
Largest movements
- Tangible fixed assets +€73,904
up €73,904 (+587.2%), from €12,585 to €86,490
of which Other tangible fixed assets: +€73,927
- Cash -€28,721
down €28,721 (-85.8%), from €33,475 to €4,754
mainly Investment in fixed assets (net) (-€88,840) and Receivables within one year (-€15,035)
- Receivables within one year +€15,035
up €15,035 (+19.0%), from €78,958 to €93,993
of which Other amounts receivable: +€19,403
- Profit (loss) carried forward +€33,182
up €33,182 (+61.8%), from €53,696 to €86,878
- Debts after one year +€18,642
up €18,642 (+7577.6%), from €246 to €18,888
- Current portion of long-term debt +€13,783
up €13,783 (+491.3%), from €2,805 to €16,588
- Trade debts -€3,442
down €3,442 (-30.9%), from €11,138 to €7,696
- Staff costs +€9,896
up €9,896 (+67.1%), from €14,755 to €24,651
- Depreciation +€9,769
up €9,769 (+189.1%), from €5,167 to €14,936
- Taxes -€4,801
down €4,801 (-36.7%), from €13,089 to €8,287
- Gross operating margin +€4,303
up €4,303 (+4.8%), from €89,853 to €94,157
- Other operating charges -€3,060
down €3,060 (-61.2%), from €5,000 to €1,940
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 | €136,241 | €197,806 | +€61,564 | +45.2% |
| Fixed assets | 21/28 | €19,458 | €93,362 | +€73,904 | +379.8% |
| Tangible fixed assets | 22/27 | €12,585 | €86,490 | +€73,904 | +587.2% |
| Land and buildings | 22 | €4,727 | €3,930 | -€796 | -16.8% |
| Plant, machinery and equipment | 23 | €1,725 | €825 | -€900 | -52.2% |
| Furniture and vehicles | 24 | €3,612 | €7,645 | +€4,034 | +111.7% |
| Leasing and similar rights | 25 | €2,522 | €162 | -€2,360 | -93.6% |
| Other tangible fixed assets | 26 | - | €73,927 | +€73,927 | |
| Financial fixed assets | 28 | €6,873 | €6,873 | = | 0.0% |
| Current assets | 29/58 | €116,784 | €104,444 | -€12,340 | -10.6% |
| Stocks and contracts in progress | 3 | €2,200 | €2,568 | +€368 | +16.7% |
| Stocks | 30/36 | €2,200 | €2,568 | +€368 | +16.7% |
| Amounts receivable within one year | 40/41 | €78,958 | €93,993 | +€15,035 | +19.0% |
| Trade receivables | 40 | €6,168 | €1,800 | -€4,368 | -70.8% |
| Other amounts receivable | 41 | €72,790 | €92,193 | +€19,403 | +26.7% |
| Cash at bank and in hand | 54/58 | €33,475 | €4,754 | -€28,721 | -85.8% |
| Deferred charges and accrued income | 490/1 | €2,150 | €3,129 | +€978 | +45.5% |
| Total equity and liabilities | 10/49 | €136,241 | €197,806 | +€61,564 | +45.2% |
| Equity | 10/15 | €93,063 | €126,245 | +€33,182 | +35.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €20,367 | €20,367 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,367 | €20,367 | = | 0.0% |
| Other | 1319 | €20,367 | €20,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,696 | €86,878 | +€33,182 | +61.8% |
| Amounts payable | 17/49 | €43,178 | €71,561 | +€28,382 | +65.7% |
| Amounts payable after more than one year | 17 | €246 | €18,888 | +€18,642 | +7577.6% |
| Financial debts | 170/4 | €246 | €18,888 | +€18,642 | +7577.6% |
| Amounts payable within one year | 42/48 | €42,932 | €52,673 | +€9,740 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €2,805 | €16,588 | +€13,783 | +491.3% |
| Trade debts | 44 | €11,138 | €7,696 | -€3,442 | -30.9% |
| Suppliers | 440/4 | €11,138 | €7,696 | -€3,442 | -30.9% |
| Taxes, remuneration and social security | 45 | €28,989 | €28,389 | -€600 | -2.1% |
| Taxes | 450/3 | €22,346 | €25,205 | +€2,860 | +12.8% |
| Remuneration and social security | 454/9 | €6,644 | €3,184 | -€3,460 | -52.1% |
| Non-recurring operating income | 76A | €4,108 | €1,500 | -€2,608 | -63.5% |
| Remuneration, social security and pensions | 62 | €14,755 | €24,651 | +€9,896 | +67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,167 | €14,936 | +€9,769 | +189.1% |
| Other operating charges | 640/8 | €5,000 | €1,940 | -€3,060 | -61.2% |
| Gross operating margin | 9900 | €89,853 | €94,157 | +€4,303 | +4.8% |
| Operating profit (loss) | 9901 | €64,932 | €52,630 | -€12,302 | -18.9% |
| Financial charges | 65/66B | €8,849 | €11,160 | +€2,311 | +26.1% |
| Recurring financial charges | 65 | €8,849 | €11,160 | +€2,311 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €56,082 | €41,470 | -€14,613 | -26.1% |
| Income taxes | 67/77 | €13,089 | €8,287 | -€4,801 | -36.7% |
| Profit (loss) for the period | 9904 | €42,994 | €33,182 | -€9,811 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,994 | €33,182 | -€9,811 | -22.8% |
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 8 October 2026 via checked.be.