MELC: 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.
MELC
Largest movements
- Tangible fixed assets +€31,888
up €31,888 (+305%), from €10,471 to €42,359
of which Furniture and vehicles: +€32,305
- Cash -€14,481
down €14,481 (-14.4%), from €100,855 to €86,374
mainly Investment in fixed assets (net) (-€45,091) and Receivables within one year (-€12,148)
- Receivables within one year +€12,148
up €12,148 (+63.8%), from €19,035 to €31,183
of which Other amounts receivable: +€12,043
- Deferred charges and accrued income +€3,810
up €3,810 (+77.1%), from €4,939 to €8,749
- Reserves +€33,662
up €33,662 (+17.5%), from €192,782 to €226,444
- Tax, wage and social debts -€2,511
down €2,511 (-30.3%), from €8,286 to €5,775
of which Taxes: -€2,511
- Depreciation +€11,518
up €11,518 (+684%), from €1,685 to €13,203
- Taxes -€4,049
down €4,049 (-21.0%), from €19,248 to €15,200
- Gross operating margin -€2,075
down €2,075 (-3.4%), from €61,718 to €59,643
- Financial income +€1,454
up €1,454 (+38.5%), from €3,776 to €5,230
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 | €210,810 | €244,174 | +€33,364 | +15.8% |
| Fixed assets | 21/28 | €10,471 | €42,359 | +€31,888 | +305% |
| Tangible fixed assets | 22/27 | €10,471 | €42,359 | +€31,888 | +305% |
| Furniture and vehicles | 24 | €7,937 | €40,242 | +€32,305 | +407% |
| Other tangible fixed assets | 26 | €2,533 | €2,116 | -€417 | -16.5% |
| Current assets | 29/58 | €200,339 | €201,816 | +€1,476 | +0.7% |
| Amounts receivable after more than one year | 29 | €75,510 | €75,510 | = | 0.0% |
| Other amounts receivable | 291 | €75,510 | €75,510 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,035 | €31,183 | +€12,148 | +63.8% |
| Trade receivables | 40 | €13,250 | €13,354 | +€104 | +0.8% |
| Other amounts receivable | 41 | €5,785 | €17,828 | +€12,043 | +208% |
| Cash at bank and in hand | 54/58 | €100,855 | €86,374 | -€14,481 | -14.4% |
| Deferred charges and accrued income | 490/1 | €4,939 | €8,749 | +€3,810 | +77.1% |
| Total equity and liabilities | 10/49 | €210,810 | €244,174 | +€33,364 | +15.8% |
| Equity | 10/15 | €198,982 | €232,644 | +€33,662 | +16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €192,782 | €226,444 | +€33,662 | +17.5% |
| Distributable reserves | 133 | €192,782 | €226,444 | +€33,662 | +17.5% |
| Amounts payable | 17/49 | €11,828 | €11,531 | -€298 | -2.5% |
| Amounts payable within one year | 42/48 | €11,828 | €11,531 | -€298 | -2.5% |
| Trade debts | 44 | €3,542 | €5,756 | +€2,213 | +62.5% |
| Suppliers | 440/4 | €3,542 | €5,756 | +€2,213 | +62.5% |
| Taxes, remuneration and social security | 45 | €8,286 | €5,775 | -€2,511 | -30.3% |
| Taxes | 450/3 | €5,286 | €2,775 | -€2,511 | -47.5% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,685 | €13,203 | +€11,518 | +684% |
| Other operating charges | 640/8 | €551 | €984 | +€432 | +78.4% |
| Non-recurring operating charges | 66A | - | €1,602 | +€1,602 | |
| Gross operating margin | 9900 | €61,718 | €59,643 | -€2,075 | -3.4% |
| Operating profit (loss) | 9901 | €59,482 | €43,855 | -€15,628 | -26.3% |
| Financial income | 75/76B | €3,776 | €5,230 | +€1,454 | +38.5% |
| Recurring financial income | 75 | €3,776 | €5,230 | +€1,454 | +38.5% |
| Financial charges | 65/66B | €317 | €223 | -€94 | -29.8% |
| Recurring financial charges | 65 | €317 | €223 | -€94 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €62,941 | €48,861 | -€14,079 | -22.4% |
| Income taxes | 67/77 | €19,248 | €15,200 | -€4,049 | -21.0% |
| Profit (loss) for the period | 9904 | €43,692 | €33,662 | -€10,031 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,692 | €33,662 | -€10,031 | -23.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.