MELESTE: 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.
MELESTE
Largest movements
- Tangible fixed assets +€130,310
up €130,310 (+56.9%), from €228,995 to €359,306
of which Assets under construction and advance payments: +€150,281
- Other debts +€152,355
up €152,355 (+47.1%), from €323,460 to €475,815
- Profit (loss) carried forward -€25,468
down €25,468 (-24.2%), from -€105,379 to -€130,847
- Trade debts +€5,389
new in 2025: €5,389
- Depreciation +€10,936
up €10,936 (+51.6%), from €21,213 to €32,149
- Gross operating margin +€7,610
up €7,610 (+517.8%), from €1,470 to €9,079
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 | €236,680 | €368,957 | +€132,277 | +55.9% |
| Fixed assets | 21/28 | €228,995 | €359,306 | +€130,310 | +56.9% |
| Tangible fixed assets | 22/27 | €228,995 | €359,306 | +€130,310 | +56.9% |
| Land and buildings | 22 | €169,884 | €172,885 | +€3,001 | +1.8% |
| Plant, machinery and equipment | 23 | €57,337 | €35,032 | -€22,305 | -38.9% |
| Furniture and vehicles | 24 | €1,775 | €1,109 | -€666 | -37.5% |
| Assets under construction and advance payments | 27 | - | €150,281 | +€150,281 | |
| Current assets | 29/58 | €7,685 | €9,652 | +€1,966 | +25.6% |
| Cash at bank and in hand | 54/58 | €7,685 | €8,936 | +€1,251 | +16.3% |
| Deferred charges and accrued income | 490/1 | - | €716 | +€716 | |
| Total equity and liabilities | 10/49 | €236,680 | €368,957 | +€132,277 | +55.9% |
| Equity | 10/15 | -€86,779 | -€112,247 | -€25,468 | -29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€105,379 | -€130,847 | -€25,468 | -24.2% |
| Amounts payable | 17/49 | €323,460 | €481,204 | +€157,744 | +48.8% |
| Amounts payable within one year | 42/48 | €323,460 | €481,204 | +€157,744 | +48.8% |
| Trade debts | 44 | - | €5,389 | +€5,389 | |
| Suppliers | 440/4 | - | €5,389 | +€5,389 | |
| Other amounts payable | 47/48 | €323,460 | €475,815 | +€152,355 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,213 | €32,149 | +€10,936 | +51.6% |
| Other operating charges | 640/8 | €2,081 | €2,147 | +€66 | +3.1% |
| Gross operating margin | 9900 | €1,470 | €9,079 | +€7,610 | +517.8% |
| Operating profit (loss) | 9901 | -€21,824 | -€25,216 | -€3,392 | -15.5% |
| Financial charges | 65/66B | €248 | €251 | +€3 | +1.2% |
| Recurring financial charges | 65 | €248 | €251 | +€3 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,072 | -€25,468 | -€3,395 | -15.4% |
| Profit (loss) for the period | 9904 | -€22,072 | -€25,468 | -€3,395 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,072 | -€25,468 | -€3,395 | -15.4% |
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.