MELBUJ: 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.
MELBUJ
Largest movements
- Receivables within one year -€14,018
down €14,018 (-21.1%), from €66,290 to €52,272
of which Trade receivables: -€10,478
- Tangible fixed assets -€12,353
down €12,353 (-21.5%), from €57,449 to €45,096
- Cash +€9,369
up €9,369 (+16.4%), from €57,029 to €66,398
mainly Net result for the year (+€20,385) and Depreciation (+€18,153)
- Intangible fixed assets -€5,800
down €5,800 (-10.5%), from €55,227 to €49,427
- Stocks and contracts -€3,675
down €3,675 (-13.7%), from €26,824 to €23,149
- Debts after one year -€30,294
down €30,294 (-33.0%), from €91,756 to €61,462
- Trade debts -€12,907
down €12,907 (-11.9%), from €108,818 to €95,911
- Current portion of long-term debt +€11,142
up €11,142 (+72.5%), from €15,360 to €26,502
- Profit (loss) carried forward +€6,108
up €6,108 (+1,679%), from €364 to €6,472
- Staff costs -€42,988
down €42,988 (-45.3%), from €95,001 to €52,013
- Depreciation +€11,063
up €11,063 (+156%), from €7,090 to €18,153
- Gross operating margin -€6,046
down €6,046 (-5.7%), from €105,615 to €99,569
- Financial income -€2,769
down €2,769 (-99.5%), from €2,782 to €14
- Financial charges +€1,776
up €1,776 (+68.1%), from €2,608 to €4,385
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 | €263,512 | €237,909 | -€25,603 | -9.7% |
| Fixed assets | 21/28 | €112,676 | €94,523 | -€18,153 | -16.1% |
| Intangible fixed assets | 21 | €55,227 | €49,427 | -€5,800 | -10.5% |
| Tangible fixed assets | 22/27 | €57,449 | €45,096 | -€12,353 | -21.5% |
| Furniture and vehicles | 24 | €57,449 | €45,096 | -€12,353 | -21.5% |
| Current assets | 29/58 | €150,836 | €143,386 | -€7,450 | -4.9% |
| Stocks and contracts in progress | 3 | €26,824 | €23,149 | -€3,675 | -13.7% |
| Stocks | 30/36 | €26,824 | €23,149 | -€3,675 | -13.7% |
| Amounts receivable within one year | 40/41 | €66,290 | €52,272 | -€14,018 | -21.1% |
| Trade receivables | 40 | €61,894 | €51,416 | -€10,478 | -16.9% |
| Other amounts receivable | 41 | €4,396 | €856 | -€3,540 | -80.5% |
| Cash at bank and in hand | 54/58 | €57,029 | €66,398 | +€9,369 | +16.4% |
| Deferred charges and accrued income | 490/1 | €694 | €1,567 | +€874 | +126% |
| Total equity and liabilities | 10/49 | €263,512 | €237,909 | -€25,603 | -9.7% |
| Equity | 10/15 | €5,364 | €11,472 | +€6,108 | +114% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €364 | €6,472 | +€6,108 | +1,679% |
| Amounts payable | 17/49 | €258,148 | €226,437 | -€31,711 | -12.3% |
| Amounts payable after more than one year | 17 | €91,756 | €61,462 | -€30,294 | -33.0% |
| Financial debts | 170/4 | €91,756 | €61,462 | -€30,294 | -33.0% |
| Amounts payable within one year | 42/48 | €166,392 | €164,975 | -€1,417 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €15,360 | €26,502 | +€11,142 | +72.5% |
| Trade debts | 44 | €108,818 | €95,911 | -€12,907 | -11.9% |
| Suppliers | 440/4 | €108,818 | €95,911 | -€12,907 | -11.9% |
| Taxes, remuneration and social security | 45 | €11,444 | €11,652 | +€208 | +1.8% |
| Taxes | 450/3 | €1,534 | €4,111 | +€2,577 | +168% |
| Remuneration and social security | 454/9 | €9,910 | €7,542 | -€2,369 | -23.9% |
| Other amounts payable | 47/48 | €30,770 | €30,910 | +€140 | +0.5% |
| Remuneration, social security and pensions | 62 | €95,001 | €52,013 | -€42,988 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,090 | €18,153 | +€11,063 | +156% |
| Other operating charges | 640/8 | €1,498 | €2,458 | +€960 | +64.1% |
| Gross operating margin | 9900 | €105,615 | €99,569 | -€6,046 | -5.7% |
| Operating profit (loss) | 9901 | €2,026 | €26,945 | +€24,918 | +1,230% |
| Financial income | 75/76B | €2,782 | €14 | -€2,769 | -99.5% |
| Recurring financial income | 75 | €2,782 | €14 | -€2,769 | -99.5% |
| Financial charges | 65/66B | €2,608 | €4,385 | +€1,776 | +68.1% |
| Recurring financial charges | 65 | €2,608 | €4,385 | +€1,776 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €2,201 | €22,574 | +€20,374 | +926% |
| Income taxes | 67/77 | €1,837 | €2,189 | +€353 | +19.2% |
| Profit (loss) for the period | 9904 | €364 | €20,385 | +€20,021 | +5,503% |
| Profit (loss) for the period to be appropriated | 9905 | €364 | €20,385 | +€20,021 | +5,503% |
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 14 October 2026 via checked.be.