MELES: 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.
MELES
Largest movements
- Cash -€5,704
down €5,704 (-66.7%), from €8,557 to €2,853
mainly Receivables within one year (-€4,172) and Net result for the year (-€1,635)
- Receivables within one year +€4,172
up €4,172 (+177.0%), from €2,357 to €6,529
of which Other amounts receivable: +€2,545
- Profit (loss) carried forward -€1,635
down €1,635 (-5.4%), from -€30,222 to -€31,857
- Gross operating margin +€831
up €831 (+68.5%), from €1,214 to €2,045
- Other operating charges -€698
down €698 (-16.1%), from €4,331 to €3,633
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 | €55,535 | €54,003 | -€1,532 | -2.8% |
| Fixed assets | 21/28 | €44,621 | €44,621 | = | 0.0% |
| Tangible fixed assets | 22/27 | €44,621 | €44,621 | = | 0.0% |
| Land and buildings | 22 | €44,621 | €44,621 | = | 0.0% |
| Current assets | 29/58 | €10,914 | €9,382 | -€1,532 | -14.0% |
| Amounts receivable within one year | 40/41 | €2,357 | €6,529 | +€4,172 | +177.0% |
| Trade receivables | 40 | €509 | €2,136 | +€1,627 | +319.6% |
| Other amounts receivable | 41 | €1,848 | €4,393 | +€2,545 | +137.7% |
| Cash at bank and in hand | 54/58 | €8,557 | €2,853 | -€5,704 | -66.7% |
| Total equity and liabilities | 10/49 | €55,535 | €54,003 | -€1,532 | -2.8% |
| Equity | 10/15 | €19,535 | €17,900 | -€1,635 | -8.4% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €178 | €178 | = | 0.0% |
| Distributable reserves | 133 | €178 | €178 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,222 | -€31,857 | -€1,635 | -5.4% |
| Provisions and deferred taxes | 16 | €36,000 | €36,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,000 | €36,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €36,000 | €36,000 | = | 0.0% |
| Amounts payable | 17/49 | - | €103 | +€103 | |
| Amounts payable within one year | 42/48 | - | €103 | +€103 | |
| Trade debts | 44 | - | €103 | +€103 | |
| Suppliers | 440/4 | - | €103 | +€103 | |
| Other operating charges | 640/8 | €4,331 | €3,633 | -€698 | -16.1% |
| Gross operating margin | 9900 | €1,214 | €2,045 | +€831 | +68.5% |
| Operating profit (loss) | 9901 | -€3,117 | -€1,588 | +€1,529 | +49.1% |
| Financial charges | 65/66B | €40 | €47 | +€7 | +17.5% |
| Recurring financial charges | 65 | €40 | €47 | +€7 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,157 | -€1,635 | +€1,522 | +48.2% |
| Profit (loss) for the period | 9904 | -€3,157 | -€1,635 | +€1,522 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,157 | -€1,635 | +€1,522 | +48.2% |
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 9 October 2026 via checked.be.