MELEAGRI: 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.
MELEAGRI
Largest movements
- Tangible fixed assets -€6,588
down €6,588 (-21.6%), from €30,527 to €23,939
of which Furniture and vehicles: -€6,298
- Receivables within one year -€2,367
down €2,367 (-4.6%), from €51,131 to €48,764
of which Trade receivables: -€2,046
- Cash +€2,200
up €2,200 (+39.7%), from €5,545 to €7,744
mainly Depreciation (+€6,588) and Trade debts (+€3,522)
- Debts after one year -€5,379
down €5,379 (-24.2%), from €22,189 to €16,810
- Trade debts +€3,522
up €3,522 (+436%), from €807 to €4,329
- Profit (loss) carried forward -€2,041
down €2,041 (-11.4%), from €17,849 to €15,809
- Reserves -€1,445
down €1,445 (-7.6%), from €19,090 to €17,644
of which Tax-exempt reserves: -€1,445
- Tax, wage and social debts -€1,342
down €1,342 (-80.0%), from €1,678 to €335
of which Taxes: -€1,678
- Gross operating margin -€16,328
down €16,328 (-67.0%), from €24,371 to €8,044
- Depreciation +€4,491
up €4,491 (+214%), from €2,097 to €6,588
- Staff costs +€1,422
up €1,422 (+143%), from €994 to €2,416
- Taxes -€1,228
no longer reported in 2025 (was €1,228)
- Financial charges +€815
up €815 (+76.4%), from €1,067 to €1,882
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 | €87,203 | €80,448 | -€6,755 | -7.7% |
| Fixed assets | 21/28 | €30,527 | €23,939 | -€6,588 | -21.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €30,527 | €23,939 | -€6,588 | -21.6% |
| Plant, machinery and equipment | 23 | €845 | €555 | -€290 | -34.3% |
| Furniture and vehicles | 24 | €29,682 | €23,384 | -€6,298 | -21.2% |
| Current assets | 29/58 | €56,676 | €56,509 | -€167 | -0.3% |
| Amounts receivable within one year | 40/41 | €51,131 | €48,764 | -€2,367 | -4.6% |
| Trade receivables | 40 | €19,925 | €17,879 | -€2,046 | -10.3% |
| Other amounts receivable | 41 | €31,207 | €30,885 | -€321 | -1.0% |
| Cash at bank and in hand | 54/58 | €5,545 | €7,744 | +€2,200 | +39.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €87,203 | €80,448 | -€6,755 | -7.7% |
| Equity | 10/15 | €55,539 | €52,053 | -€3,486 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,090 | €17,644 | -€1,445 | -7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,955 | €3,509 | -€1,445 | -29.2% |
| Distributable reserves | 133 | €12,275 | €12,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,849 | €15,809 | -€2,041 | -11.4% |
| Provisions and deferred taxes | 16 | €1,239 | €877 | -€361 | -29.2% |
| Deferred taxes | 168 | €1,239 | €877 | -€361 | -29.2% |
| Amounts payable | 17/49 | €30,425 | €27,518 | -€2,908 | -9.6% |
| Amounts payable after more than one year | 17 | €22,189 | €16,810 | -€5,379 | -24.2% |
| Financial debts | 170/4 | €22,189 | €16,810 | -€5,379 | -24.2% |
| Amounts payable within one year | 42/48 | €8,237 | €10,708 | +€2,471 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €5,027 | €5,379 | +€351 | +7.0% |
| Trade debts | 44 | €807 | €4,329 | +€3,522 | +436% |
| Suppliers | 440/4 | €807 | €4,329 | +€3,522 | +436% |
| Taxes, remuneration and social security | 45 | €1,678 | €335 | -€1,342 | -80.0% |
| Taxes | 450/3 | €1,678 | - | -€1,678 | |
| Remuneration and social security | 454/9 | €0 | €335 | +€335 | |
| Other amounts payable | 47/48 | €725 | €665 | -€60 | -8.3% |
| Remuneration, social security and pensions | 62 | €994 | €2,416 | +€1,422 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,097 | €6,588 | +€4,491 | +214% |
| Other operating charges | 640/8 | €518 | €1,005 | +€487 | +94.1% |
| Gross operating margin | 9900 | €24,371 | €8,044 | -€16,328 | -67.0% |
| Operating profit (loss) | 9901 | €20,763 | -€1,965 | -€22,728 | |
| Financial charges | 65/66B | €1,067 | €1,882 | +€815 | +76.4% |
| Recurring financial charges | 65 | €1,067 | €1,882 | +€815 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €19,696 | -€3,847 | -€23,543 | |
| Transfer from deferred taxes | 780 | €361 | €361 | = | 0.0% |
| Transfer to deferred taxes | 680 | €1,600 | - | -€1,600 | |
| Income taxes | 67/77 | €1,228 | - | -€1,228 | |
| Profit (loss) for the period | 9904 | €17,230 | -€3,486 | -€20,716 | |
| Transfer from tax-exempt reserves | 789 | €1,445 | €1,445 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €6,400 | - | -€6,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,275 | -€2,041 | -€14,316 |
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 19 October 2026 via checked.be.