MELEC: 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.
MELEC
Largest movements
- Receivables within one year +€562,961
up €562,961 (+1977.4%), from €28,470 to €591,431
of which Other amounts receivable: +€589,483
- Other debts +€591,324
new in 2025: €591,324
- Tax, wage and social debts -€26,964
down €26,964 (-76.3%), from €35,345 to €8,382
of which Remuneration and social security: -€22,368
- Profit (loss) carried forward -€16,820
down €16,820, from €4,326 to -€12,494
- Financial income +€589,582
new in 2025: €589,582
- Staff costs -€9,272
down €9,272 (-8.2%), from €112,486 to €103,214
- Gross operating margin +€6,166
up €6,166 (+7.1%), from €86,327 to €92,493
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 | €1,036,080 | €1,590,022 | +€553,941 | +53.5% |
| Fixed assets | 21/28 | €997,600 | €997,600 | = | 0.0% |
| Financial fixed assets | 28 | €997,600 | €997,600 | = | 0.0% |
| Current assets | 29/58 | €38,480 | €592,422 | +€553,941 | +1439.5% |
| Amounts receivable within one year | 40/41 | €28,470 | €591,431 | +€562,961 | +1977.4% |
| Trade receivables | 40 | €26,529 | €8 | -€26,521 | -100.0% |
| Other amounts receivable | 41 | €1,941 | €591,423 | +€589,483 | +30374.6% |
| Cash at bank and in hand | 54/58 | €10,010 | €991 | -€9,020 | -90.1% |
| Total equity and liabilities | 10/49 | €1,036,080 | €1,590,022 | +€553,941 | +53.5% |
| Equity | 10/15 | €996,635 | €984,140 | -€12,494 | -1.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €892,309 | €896,635 | +€4,326 | +0.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €882,309 | €886,635 | +€4,326 | +0.5% |
| Profit (loss) carried forward | 14 | €4,326 | -€12,494 | -€16,820 | |
| Amounts payable | 17/49 | €39,446 | €605,881 | +€566,436 | +1436.0% |
| Amounts payable within one year | 42/48 | €36,377 | €599,705 | +€563,329 | +1548.6% |
| Trade debts | 44 | €1,031 | - | -€1,031 | |
| Suppliers | 440/4 | €1,031 | - | -€1,031 | |
| Taxes, remuneration and social security | 45 | €35,345 | €8,382 | -€26,964 | -76.3% |
| Taxes | 450/3 | €9,170 | €4,574 | -€4,596 | -50.1% |
| Remuneration and social security | 454/9 | €26,175 | €3,807 | -€22,368 | -85.5% |
| Other amounts payable | 47/48 | - | €591,324 | +€591,324 | |
| Accrued charges and deferred income | 492/3 | €3,069 | €6,176 | +€3,107 | +101.2% |
| Remuneration, social security and pensions | 62 | €112,486 | €103,214 | -€9,272 | -8.2% |
| Other operating charges | 640/8 | €1,188 | €1,438 | +€251 | +21.1% |
| Gross operating margin | 9900 | €86,327 | €92,493 | +€6,166 | +7.1% |
| Operating profit (loss) | 9901 | -€27,347 | -€12,159 | +€15,187 | +55.5% |
| Financial income | 75/76B | - | €589,582 | +€589,582 | |
| Recurring financial income | 75 | - | €589,582 | +€589,582 | |
| Financial charges | 65/66B | €40 | €254 | +€214 | +540.5% |
| Recurring financial charges | 65 | €40 | €254 | +€214 | +540.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,386 | €577,169 | +€604,555 | |
| Income taxes | 67/77 | €77 | €81 | +€4 | +5.8% |
| Profit (loss) for the period | 9904 | -€27,463 | €577,087 | +€604,550 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,463 | €577,087 | +€604,550 |
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 4 October 2026 via checked.be.