MELI - MELODIE: 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 - MELODIE
Largest movements
- Cash -€35,382
down €35,382 (-9.9%), from €356,519 to €321,137
mainly Contributions, distributions and other (-€99,223) and Other debts (-€87,930)
- Receivables within one year -€22,781
down €22,781 (-72.4%), from €31,487 to €8,705
of which Trade receivables: -€25,376
- Tangible fixed assets -€17,997
down €17,997 (-50.1%), from €35,905 to €17,908
of which Land and buildings: -€17,060
- Stocks and contracts +€8,258
up €8,258 (+5.6%), from €148,579 to €156,837
- Other debts -€87,930
down €87,930 (-46.7%), from €188,121 to €100,191
- Profit (loss) carried forward +€15,523
up €15,523 (+92,017%), from €17 to €15,540
- Current portion of long-term debt +€14,143
up €14,143 (+98.6%), from €14,351 to €28,494
- Tax, wage and social debts -€11,431
down €11,431 (-26.8%), from €42,663 to €31,232
of which Taxes: -€6,447
- Gross operating margin -€69,508
down €69,508 (-13.6%), from €512,632 to €443,125
- Financial charges +€17,024
up €17,024 (+80.9%), from €21,049 to €38,073
- Taxes -€9,830
down €9,830 (-23.2%), from €42,371 to €32,542
- Staff costs +€9,339
up €9,339 (+4.2%), from €223,967 to €233,306
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 | €572,669 | €504,767 | -€67,903 | -11.9% |
| Fixed assets | 21/28 | €36,084 | €18,087 | -€17,997 | -49.9% |
| Tangible fixed assets | 22/27 | €35,905 | €17,908 | -€17,997 | -50.1% |
| Land and buildings | 22 | €17,060 | €0 | -€17,060 | -100% |
| Furniture and vehicles | 24 | €18,845 | €17,908 | -€937 | -5.0% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €536,585 | €486,680 | -€49,905 | -9.3% |
| Stocks and contracts in progress | 3 | €148,579 | €156,837 | +€8,258 | +5.6% |
| Stocks | 30/36 | €148,579 | €156,837 | +€8,258 | +5.6% |
| Amounts receivable within one year | 40/41 | €31,487 | €8,705 | -€22,781 | -72.4% |
| Trade receivables | 40 | €31,482 | €6,105 | -€25,376 | -80.6% |
| Other amounts receivable | 41 | €5 | €2,600 | +€2,595 | +53,179% |
| Cash at bank and in hand | 54/58 | €356,519 | €321,137 | -€35,382 | -9.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €572,669 | €504,767 | -€67,903 | -11.9% |
| Equity | 10/15 | €312,193 | €327,720 | +€15,527 | +5.0% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €312,176 | €312,180 | +€4 | 0.0% |
| Distributable reserves | 133 | €312,176 | €312,180 | +€4 | 0.0% |
| Profit (loss) carried forward | 14 | €17 | €15,540 | +€15,523 | +92,017% |
| Amounts payable | 17/49 | €260,476 | €177,047 | -€83,430 | -32.0% |
| Amounts payable within one year | 42/48 | €260,476 | €177,047 | -€83,430 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €14,351 | €28,494 | +€14,143 | +98.6% |
| Trade debts | 44 | €15,341 | €17,130 | +€1,789 | +11.7% |
| Suppliers | 440/4 | €15,341 | €17,130 | +€1,789 | +11.7% |
| Taxes, remuneration and social security | 45 | €42,663 | €31,232 | -€11,431 | -26.8% |
| Taxes | 450/3 | €13,679 | €7,232 | -€6,447 | -47.1% |
| Remuneration and social security | 454/9 | €28,984 | €24,000 | -€4,984 | -17.2% |
| Other amounts payable | 47/48 | €188,121 | €100,191 | -€87,930 | -46.7% |
| Remuneration, social security and pensions | 62 | €223,967 | €233,306 | +€9,339 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,518 | €22,457 | -€1,061 | -4.5% |
| Other operating charges | 640/8 | €3,772 | €2,004 | -€1,767 | -46.9% |
| Gross operating margin | 9900 | €512,632 | €443,125 | -€69,508 | -13.6% |
| Operating profit (loss) | 9901 | €261,376 | €185,357 | -€76,019 | -29.1% |
| Financial income | 75/76B | €22 | €9 | -€13 | -59.8% |
| Recurring financial income | 75 | €22 | €9 | -€13 | -59.8% |
| Financial charges | 65/66B | €21,049 | €38,073 | +€17,024 | +80.9% |
| Recurring financial charges | 65 | €21,049 | €38,073 | +€17,024 | +80.9% |
| Profit (loss) for the period before taxes | 9903 | €240,349 | €147,292 | -€93,056 | -38.7% |
| Income taxes | 67/77 | €42,371 | €32,542 | -€9,830 | -23.2% |
| Profit (loss) for the period | 9904 | €197,977 | €114,751 | -€83,227 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €197,977 | €114,751 | -€83,227 | -42.0% |
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 27 October 2026 via checked.be.