MELEDEM: 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.
MELEDEM
Largest movements
- Receivables within one year +€15,918
up €15,918 (+906.5%), from €1,756 to €17,674
of which Trade receivables: +€15,917
- Tangible fixed assets -€10,413
down €10,413 (-6.8%), from €154,109 to €143,696
of which Furniture and vehicles: -€8,895
- Cash +€2,444
new in 2025: €2,444
mainly Net result for the year (+€9,877) and Investment in fixed assets (net) (+€7,841)
- Stocks and contracts -€1,981
down €1,981 (-79.8%), from €2,481 to €500
- Reserves +€9,877
up €9,877 (+47.2%), from €20,943 to €30,820
- Debts after one year -€8,447
down €8,447 (-15.0%), from €56,131 to €47,684
- Tax, wage and social debts +€4,356
up €4,356 (+123.1%), from €3,538 to €7,894
of which Taxes: +€2,989
- Short-term financial debts -€2,980
no longer reported in 2025 (was €2,980)
- Trade debts +€2,190
up €2,190 (+27.2%), from €8,049 to €10,239
- Gross operating margin +€17,311
up €17,311 (+106.2%), from €16,293 to €33,604
- Staff costs +€14,093
new in 2025: €14,093
- Depreciation -€2,852
down €2,852 (-52.6%), from €5,424 to €2,572
- Taxes +€1,424
up €1,424 (+55.6%), from €2,559 to €3,983
- Financial charges +€790
up €790 (+37.0%), from €2,135 to €2,925
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 | €161,162 | €167,636 | +€6,474 | +4.0% |
| Fixed assets | 21/28 | €156,907 | €146,494 | -€10,413 | -6.6% |
| Tangible fixed assets | 22/27 | €154,109 | €143,696 | -€10,413 | -6.8% |
| Land and buildings | 22 | €135,038 | €135,038 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,992 | €7,754 | -€1,238 | -13.8% |
| Furniture and vehicles | 24 | €8,895 | - | -€8,895 | |
| Other tangible fixed assets | 26 | €1,184 | €904 | -€280 | -23.6% |
| Financial fixed assets | 28 | €2,798 | €2,798 | = | 0.0% |
| Current assets | 29/58 | €4,255 | €21,142 | +€16,887 | +396.9% |
| Stocks and contracts in progress | 3 | €2,481 | €500 | -€1,981 | -79.8% |
| Stocks | 30/36 | €2,481 | €500 | -€1,981 | -79.8% |
| Amounts receivable within one year | 40/41 | €1,756 | €17,674 | +€15,918 | +906.5% |
| Trade receivables | 40 | - | €15,917 | +€15,917 | |
| Other amounts receivable | 41 | €1,756 | €1,757 | +€1 | +0.1% |
| Cash at bank and in hand | 54/58 | - | €2,444 | +€2,444 | |
| Deferred charges and accrued income | 490/1 | €18 | €524 | +€506 | +2811.1% |
| Total equity and liabilities | 10/49 | €161,162 | €167,636 | +€6,474 | +4.0% |
| Equity | 10/15 | €79,535 | €89,412 | +€9,877 | +12.4% |
| Contributions | 10/11 | €58,592 | €58,592 | = | 0.0% |
| Reserves | 13 | €20,943 | €30,820 | +€9,877 | +47.2% |
| Distributable reserves | 133 | €20,943 | €30,820 | +€9,877 | +47.2% |
| Amounts payable | 17/49 | €81,627 | €78,224 | -€3,403 | -4.2% |
| Amounts payable after more than one year | 17 | €56,131 | €47,684 | -€8,447 | -15.0% |
| Financial debts | 170/4 | €56,131 | €47,684 | -€8,447 | -15.0% |
| Amounts payable within one year | 42/48 | €25,496 | €30,540 | +€5,044 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €8,165 | €8,448 | +€283 | +3.5% |
| Financial debts | 43 | €2,980 | - | -€2,980 | |
| Credit institutions | 430/8 | €2,980 | - | -€2,980 | |
| Trade debts | 44 | €8,049 | €10,239 | +€2,190 | +27.2% |
| Suppliers | 440/4 | €8,049 | €10,239 | +€2,190 | +27.2% |
| Taxes, remuneration and social security | 45 | €3,538 | €7,894 | +€4,356 | +123.1% |
| Taxes | 450/3 | €3,538 | €6,527 | +€2,989 | +84.5% |
| Remuneration and social security | 454/9 | - | €1,367 | +€1,367 | |
| Other amounts payable | 47/48 | €2,764 | €3,959 | +€1,195 | +43.2% |
| Remuneration, social security and pensions | 62 | - | €14,093 | +€14,093 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,424 | €2,572 | -€2,852 | -52.6% |
| Other operating charges | 640/8 | €478 | €170 | -€308 | -64.4% |
| Gross operating margin | 9900 | €16,293 | €33,604 | +€17,311 | +106.2% |
| Operating profit (loss) | 9901 | €10,391 | €16,769 | +€6,378 | +61.4% |
| Financial income | 75/76B | €206 | €16 | -€190 | -92.2% |
| Recurring financial income | 75 | €206 | €16 | -€190 | -92.2% |
| Financial charges | 65/66B | €2,135 | €2,925 | +€790 | +37.0% |
| Recurring financial charges | 65 | €2,135 | €2,925 | +€790 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €8,462 | €13,860 | +€5,398 | +63.8% |
| Income taxes | 67/77 | €2,559 | €3,983 | +€1,424 | +55.6% |
| Profit (loss) for the period | 9904 | €5,903 | €9,877 | +€3,974 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,903 | €9,877 | +€3,974 | +67.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.