MELCOL: 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.
MELCOL
Largest movements
- Stocks and contracts +€112,704
up €112,704 (+3.8%), from €2.9m to €3.0m
- Advances received +€430,000
new in 2025: €430,000
- Debts after one year -€305,720
down €305,720 (-10.6%), from €2.9m to €2.6m
- Financial income +€1,169
new in 2025: €1,169
- Financial charges +€480
up €480 (+28.5%), from €1,680 to €2,159
- Gross operating margin -€166
down €166 (-6.5%), from -€2,544 to -€2,710
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 | €2,935,201 | €3,055,943 | +€120,741 | +4.1% |
| Current assets | 29/58 | €2,935,201 | €3,055,943 | +€120,741 | +4.1% |
| Stocks and contracts in progress | 3 | €2,928,806 | €3,041,510 | +€112,704 | +3.8% |
| Stocks | 30/36 | €2,928,806 | €3,041,510 | +€112,704 | +3.8% |
| Amounts receivable within one year | 40/41 | - | €351 | +€351 | |
| Other amounts receivable | 41 | - | €351 | +€351 | |
| Cash at bank and in hand | 54/58 | €6,099 | €13,772 | +€7,673 | +125.8% |
| Deferred charges and accrued income | 490/1 | €296 | €310 | +€13 | +4.5% |
| Total equity and liabilities | 10/49 | €2,935,201 | €3,055,943 | +€120,741 | +4.1% |
| Equity | 10/15 | €40,971 | €35,969 | -€5,002 | -12.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,029 | -€27,031 | -€5,002 | -22.7% |
| Amounts payable | 17/49 | €2,894,230 | €3,019,974 | +€125,743 | +4.3% |
| Amounts payable after more than one year | 17 | €2,875,521 | €2,569,801 | -€305,720 | -10.6% |
| Financial debts | 170/4 | €2,875,521 | €2,569,801 | -€305,720 | -10.6% |
| Amounts payable within one year | 42/48 | €97 | €435,352 | +€435,255 | +447885.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €97 | €227 | +€130 | +133.6% |
| Suppliers | 440/4 | €97 | €227 | +€130 | +133.6% |
| Advances received on contracts in progress | 46 | - | €430,000 | +€430,000 | |
| Other amounts payable | 47/48 | - | €5,125 | +€5,125 | |
| Accrued charges and deferred income | 492/3 | €18,612 | €14,821 | -€3,791 | -20.4% |
| Other operating charges | 640/8 | €1,315 | €1,302 | -€13 | -1.0% |
| Gross operating margin | 9900 | -€2,544 | -€2,710 | -€166 | -6.5% |
| Operating profit (loss) | 9901 | -€3,859 | -€4,012 | -€153 | -4.0% |
| Financial income | 75/76B | - | €1,169 | +€1,169 | |
| Recurring financial income | 75 | - | €1,169 | +€1,169 | |
| Financial charges | 65/66B | €1,680 | €2,159 | +€480 | +28.5% |
| Recurring financial charges | 65 | €1,680 | €2,159 | +€480 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,538 | -€5,002 | +€537 | +9.7% |
| Profit (loss) for the period | 9904 | -€5,538 | -€5,002 | +€537 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,538 | -€5,002 | +€537 | +9.7% |
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 11 October 2026 via checked.be.