MELDA: 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.
MELDA
Largest movements
- Cash -€27,717
down €27,717 (-62.3%), from €44,515 to €16,798
mainly Tax, wage and social debts (-€27,397) and Receivables within one year (-€18,373)
- Receivables within one year +€18,373
up €18,373 (+17.0%), from €108,016 to €126,389
of which Trade receivables: +€28,539
- Tangible fixed assets -€2,548
down €2,548 (-29.1%), from €8,753 to €6,204
of which Furniture and vehicles: -€1,948
- Trade debts +€30,595
up €30,595 (+1063.8%), from €2,876 to €33,471
- Tax, wage and social debts -€27,397
down €27,397 (-59.2%), from €46,290 to €18,894
of which Taxes: -€20,517
- Other debts -€9,800
no longer reported in 2025 (was €9,800)
- Profit (loss) carried forward -€4,074
down €4,074 (-4.5%), from €89,794 to €85,721
- Gross operating margin -€40,644
down €40,644 (-34.2%), from €118,872 to €78,228
- Taxes -€16,469
down €16,469 (-95.6%), from €17,228 to €760
- Staff costs +€10,955
up €10,955 (+16.2%), from €67,784 to €78,739
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 | €164,438 | €153,763 | -€10,676 | -6.5% |
| Fixed assets | 21/28 | €8,783 | €6,234 | -€2,548 | -29.0% |
| Tangible fixed assets | 22/27 | €8,753 | €6,204 | -€2,548 | -29.1% |
| Furniture and vehicles | 24 | €4,553 | €2,604 | -€1,948 | -42.8% |
| Other tangible fixed assets | 26 | €4,200 | €3,600 | -€600 | -14.3% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €155,656 | €147,528 | -€8,127 | -5.2% |
| Amounts receivable within one year | 40/41 | €108,016 | €126,389 | +€18,373 | +17.0% |
| Trade receivables | 40 | €29,686 | €58,225 | +€28,539 | +96.1% |
| Other amounts receivable | 41 | €78,330 | €68,164 | -€10,165 | -13.0% |
| Cash at bank and in hand | 54/58 | €44,515 | €16,798 | -€27,717 | -62.3% |
| Deferred charges and accrued income | 490/1 | €3,125 | €4,341 | +€1,216 | +38.9% |
| Total equity and liabilities | 10/49 | €164,438 | €153,763 | -€10,676 | -6.5% |
| Equity | 10/15 | €105,472 | €101,398 | -€4,074 | -3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,478 | €9,478 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Tax-exempt reserves | 132 | €7,578 | €7,578 | = | 0.0% |
| Distributable reserves | 133 | - | €1,900 | +€1,900 | |
| Profit (loss) carried forward | 14 | €89,794 | €85,721 | -€4,074 | -4.5% |
| Amounts payable | 17/49 | €58,966 | €52,364 | -€6,602 | -11.2% |
| Amounts payable within one year | 42/48 | €58,966 | €52,364 | -€6,602 | -11.2% |
| Trade debts | 44 | €2,876 | €33,471 | +€30,595 | +1063.8% |
| Suppliers | 440/4 | €2,876 | €33,471 | +€30,595 | +1063.8% |
| Taxes, remuneration and social security | 45 | €46,290 | €18,894 | -€27,397 | -59.2% |
| Taxes | 450/3 | €36,287 | €15,770 | -€20,517 | -56.5% |
| Remuneration and social security | 454/9 | €10,003 | €3,124 | -€6,880 | -68.8% |
| Other amounts payable | 47/48 | €9,800 | - | -€9,800 | |
| Remuneration, social security and pensions | 62 | €67,784 | €78,739 | +€10,955 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,781 | €3,182 | -€599 | -15.9% |
| Other operating charges | 640/8 | €3,937 | €3,305 | -€632 | -16.0% |
| Gross operating margin | 9900 | €118,872 | €78,228 | -€40,644 | -34.2% |
| Operating profit (loss) | 9901 | €43,370 | -€6,997 | -€50,367 | |
| Financial income | 75/76B | €4,514 | €3,832 | -€683 | -15.1% |
| Recurring financial income | 75 | €4,514 | €3,832 | -€683 | -15.1% |
| Financial charges | 65/66B | €56 | €148 | +€92 | +165.6% |
| Recurring financial charges | 65 | €56 | €148 | +€92 | +165.6% |
| Profit (loss) for the period before taxes | 9903 | €47,829 | -€3,314 | -€51,143 | |
| Income taxes | 67/77 | €17,228 | €760 | -€16,469 | -95.6% |
| Profit (loss) for the period | 9904 | €30,600 | -€4,074 | -€34,674 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,600 | -€4,074 | -€34,674 |
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 7 October 2026 via checked.be.