MELEX: 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.
MELEX
Largest movements
- Cash +€18,848
up €18,848 (+904.8%), from €2,083 to €20,931
mainly Net result for the year (+€37,783) and Depreciation (+€8,465)
- Tangible fixed assets -€8,225
down €8,225 (-48.3%), from €17,018 to €8,794
- Receivables within one year -€1,779
down €1,779 (-41.7%), from €4,267 to €2,488
- Profit (loss) carried forward +€37,783
up €37,783 (+133.7%), from €28,258 to €66,040
- Debts after one year -€16,894
down €16,894 (-27.0%), from €62,512 to €45,618
- Tax, wage and social debts -€5,801
down €5,801 (-69.3%), from €8,371 to €2,570
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Trade debts -€1,773
down €1,773 (-50.4%), from €3,517 to €1,744
- Financial income +€45,988
up €45,988 (+818.5%), from €5,619 to €51,607
- Gross operating margin -€20,788
down €20,788 (-87.4%), from €23,788 to €3,000
- Taxes -€2,691
down €2,691 (-30.7%), from €8,760 to €6,070
- Other operating charges +€419
up €419 (+123.2%), from €340 to €759
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 | €124,375 | €132,866 | +€8,491 | +6.8% |
| Formation expenses | 20 | €380 | €140 | -€240 | -63.2% |
| Fixed assets | 21/28 | €117,532 | €109,308 | -€8,225 | -7.0% |
| Tangible fixed assets | 22/27 | €17,018 | €8,794 | -€8,225 | -48.3% |
| Furniture and vehicles | 24 | €17,018 | €8,794 | -€8,225 | -48.3% |
| Financial fixed assets | 28 | €100,514 | €100,514 | = | 0.0% |
| Current assets | 29/58 | €6,463 | €23,419 | +€16,956 | +262.4% |
| Amounts receivable within one year | 40/41 | €4,267 | €2,488 | -€1,779 | -41.7% |
| Other amounts receivable | 41 | €4,267 | €2,488 | -€1,779 | -41.7% |
| Cash at bank and in hand | 54/58 | €2,083 | €20,931 | +€18,848 | +904.8% |
| Deferred charges and accrued income | 490/1 | €112 | - | -€112 | |
| Total equity and liabilities | 10/49 | €124,375 | €132,866 | +€8,491 | +6.8% |
| Equity | 10/15 | €28,258 | €66,040 | +€37,783 | +133.7% |
| Profit (loss) carried forward | 14 | €28,258 | €66,040 | +€37,783 | +133.7% |
| Amounts payable | 17/49 | €96,117 | €66,826 | -€29,291 | -30.5% |
| Amounts payable after more than one year | 17 | €62,512 | €45,618 | -€16,894 | -27.0% |
| Financial debts | 170/4 | €62,512 | €45,618 | -€16,894 | -27.0% |
| Amounts payable within one year | 42/48 | €33,605 | €21,207 | -€12,398 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €16,717 | €16,894 | +€177 | +1.1% |
| Trade debts | 44 | €3,517 | €1,744 | -€1,773 | -50.4% |
| Suppliers | 440/4 | €3,517 | €1,744 | -€1,773 | -50.4% |
| Taxes, remuneration and social security | 45 | €8,371 | €2,570 | -€5,801 | -69.3% |
| Taxes | 450/3 | €8,371 | €2,570 | -€5,801 | -69.3% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,465 | €8,465 | -€0 | 0.0% |
| Other operating charges | 640/8 | €340 | €759 | +€419 | +123.2% |
| Non-recurring operating charges | 66A | - | €401 | +€401 | |
| Gross operating margin | 9900 | €23,788 | €3,000 | -€20,788 | -87.4% |
| Operating profit (loss) | 9901 | €14,983 | -€6,625 | -€21,608 | |
| Financial income | 75/76B | €5,619 | €51,607 | +€45,988 | +818.5% |
| Recurring financial income | 75 | €5,619 | €51,607 | +€45,988 | +818.5% |
| Financial charges | 65/66B | €1,191 | €1,130 | -€61 | -5.1% |
| Recurring financial charges | 65 | €1,191 | €1,130 | -€61 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €19,411 | €43,852 | +€24,441 | +125.9% |
| Income taxes | 67/77 | €8,760 | €6,070 | -€2,691 | -30.7% |
| Profit (loss) for the period | 9904 | €10,651 | €37,783 | +€27,132 | +254.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,651 | €37,783 | +€27,132 | +254.7% |
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 12 October 2026 via checked.be.