Meli Building: 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.
Meli Building
Largest movements
- Tangible fixed assets +€612,197
up €612,197 (+1,303%), from €46,972 to €659,169
of which Land and buildings: +€596,035
- Stocks and contracts +€255,293
up €255,293 (+3,921%), from €6,511 to €261,803
- Receivables within one year -€53,526
down €53,526 (-8.6%), from €621,027 to €567,501
of which Other amounts receivable: -€67,242
- Cash +€38,679
new in 2025: €38,679
mainly Short-term financial debts (+€763,066) and Net result for the year (+€135,187)
- Short-term financial debts +€763,066
up €763,066 (+1,215%), from €62,784 to €825,851
- Accrued charges and deferred income -€148,000
no longer reported in 2025 (was €148,000)
- Profit (loss) carried forward +€135,187
up €135,187 (+54.2%), from €249,233 to €384,420
- Tax, wage and social debts +€51,229
up €51,229 (+60.9%), from €84,065 to €135,295
of which Taxes: +€60,948
- Trade debts +€48,958
up €48,958 (+204%), from €23,957 to €72,916
- Gross operating margin +€120,854
up €120,854 (+36.5%), from €331,018 to €451,872
- Financial charges +€26,811
up €26,811 (+130%), from €20,662 to €47,473
- Taxes +€26,744
up €26,744 (+104%), from €25,647 to €52,391
- Depreciation +€13,589
up €13,589 (+198%), from €6,850 to €20,438
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.
Derived cash bridge
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 | €674,509 | €1,527,152 | +€852,643 | +126% |
| Fixed assets | 21/28 | €46,972 | €659,169 | +€612,197 | +1,303% |
| Tangible fixed assets | 22/27 | €46,972 | €659,169 | +€612,197 | +1,303% |
| Land and buildings | 22 | - | €596,035 | +€596,035 | |
| Furniture and vehicles | 24 | €46,972 | €63,133 | +€16,162 | +34.4% |
| Current assets | 29/58 | €627,538 | €867,984 | +€240,446 | +38.3% |
| Stocks and contracts in progress | 3 | €6,511 | €261,803 | +€255,293 | +3,921% |
| Stocks | 30/36 | €6,511 | €261,803 | +€255,293 | +3,921% |
| Amounts receivable within one year | 40/41 | €621,027 | €567,501 | -€53,526 | -8.6% |
| Trade receivables | 40 | €425,947 | €439,662 | +€13,716 | +3.2% |
| Other amounts receivable | 41 | €195,080 | €127,839 | -€67,242 | -34.5% |
| Cash at bank and in hand | 54/58 | - | €38,679 | +€38,679 | |
| Total equity and liabilities | 10/49 | €674,509 | €1,527,152 | +€852,643 | +126% |
| Equity | 10/15 | €250,433 | €385,620 | +€135,187 | +54.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,233 | €384,420 | +€135,187 | +54.2% |
| Amounts payable | 17/49 | €424,076 | €1,141,532 | +€717,456 | +169% |
| Amounts payable after more than one year | 17 | €5,270 | €17,870 | +€12,600 | +239% |
| Financial debts | 170/4 | €5,270 | €17,870 | +€12,600 | +239% |
| Amounts payable within one year | 42/48 | €270,807 | €1,123,663 | +€852,856 | +315% |
| Current portion of amounts payable after more than one year | 42 | €6,616 | €13,717 | +€7,101 | +107% |
| Financial debts | 43 | €62,784 | €825,851 | +€763,066 | +1,215% |
| Credit institutions | 430/8 | €62,784 | €825,851 | +€763,066 | +1,215% |
| Trade debts | 44 | €23,957 | €72,916 | +€48,958 | +204% |
| Suppliers | 440/4 | €23,957 | €72,916 | +€48,958 | +204% |
| Taxes, remuneration and social security | 45 | €84,065 | €135,295 | +€51,229 | +60.9% |
| Taxes | 450/3 | €60,745 | €121,693 | +€60,948 | +100% |
| Remuneration and social security | 454/9 | €23,321 | €13,602 | -€9,719 | -41.7% |
| Other amounts payable | 47/48 | €93,384 | €75,885 | -€17,498 | -18.7% |
| Accrued charges and deferred income | 492/3 | €148,000 | - | -€148,000 | |
| Non-recurring operating income | 76A | €2,223 | - | -€2,223 | |
| Remuneration, social security and pensions | 62 | €195,412 | €194,694 | -€719 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,850 | €20,438 | +€13,589 | +198% |
| Other operating charges | 640/8 | - | €1,747 | +€1,747 | |
| Gross operating margin | 9900 | €331,018 | €451,872 | +€120,854 | +36.5% |
| Operating profit (loss) | 9901 | €128,756 | €234,992 | +€106,236 | +82.5% |
| Financial income | 75/76B | €1,353 | €58 | -€1,294 | -95.7% |
| Recurring financial income | 75 | €1,353 | €58 | -€1,294 | -95.7% |
| Financial charges | 65/66B | €20,662 | €47,473 | +€26,811 | +130% |
| Recurring financial charges | 65 | €20,662 | €47,473 | +€26,811 | +130% |
| Profit (loss) for the period before taxes | 9903 | €109,446 | €187,578 | +€78,131 | +71.4% |
| Income taxes | 67/77 | €25,647 | €52,391 | +€26,744 | +104% |
| Profit (loss) for the period | 9904 | €83,800 | €135,187 | +€51,387 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,800 | €135,187 | +€51,387 | +61.3% |
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 23 October 2026 via checked.be.