MELIMMO: 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.
MELIMMO
Largest movements
- Tangible fixed assets -€150,263
down €150,263 (-3.0%), from €5.0m to €4.8m
of which Land and buildings: -€150,247
- Receivables within one year -€70,032
down €70,032 (-10.1%), from €690,221 to €620,189
of which Other amounts receivable: -€63,677
- Other debts -€141,010
down €141,010 (-21.3%), from €662,382 to €521,372
- Debts after one year -€132,551
down €132,551 (-30.4%), from €435,743 to €303,192
- Short-term financial debts +€128,000
up €128,000 (+581.8%), from €22,000 to €150,000
- Reserves -€71,636
down €71,636 (-5.0%), from €1.4m to €1.3m
of which Tax-exempt reserves: -€46,579
- Financial charges +€314,681
up €314,681, from -€244,852 to €69,828
- Other operating charges -€282,627
down €282,627 (-86.5%), from €326,881 to €44,254
- Gross operating margin -€124,949
down €124,949 (-35.6%), from €351,351 to €226,402
- Depreciation -€46,683
down €46,683 (-20.0%), from €233,615 to €186,933
- Taxes +€8,767
up €8,767, from €0 to €8,767
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 | €5,708,653 | €5,493,905 | -€214,748 | -3.8% |
| Fixed assets | 21/28 | €4,973,179 | €4,822,916 | -€150,263 | -3.0% |
| Tangible fixed assets | 22/27 | €4,972,579 | €4,822,316 | -€150,263 | -3.0% |
| Land and buildings | 22 | €4,972,546 | €4,822,300 | -€150,247 | -3.0% |
| Plant, machinery and equipment | 23 | €33 | €16 | -€16 | -50.1% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €735,474 | €670,989 | -€64,485 | -8.8% |
| Amounts receivable within one year | 40/41 | €690,221 | €620,189 | -€70,032 | -10.1% |
| Trade receivables | 40 | €18,196 | €11,841 | -€6,355 | -34.9% |
| Other amounts receivable | 41 | €672,025 | €608,348 | -€63,677 | -9.5% |
| Cash at bank and in hand | 54/58 | €43,023 | €49,765 | +€6,742 | +15.7% |
| Deferred charges and accrued income | 490/1 | €2,230 | €1,035 | -€1,194 | -53.6% |
| Total equity and liabilities | 10/49 | €5,708,653 | €5,493,905 | -€214,748 | -3.8% |
| Equity | 10/15 | €4,001,915 | €3,930,279 | -€71,636 | -1.8% |
| Contributions | 10/11 | €2,582,367 | €2,582,367 | = | 0.0% |
| Capital | 10 | €2,582,367 | €2,582,367 | = | 0.0% |
| Issued capital | 100 | €2,989,582 | €2,989,582 | = | 0.0% |
| Uncalled capital | 101 | €407,215 | €407,215 | = | 0.0% |
| Reserves | 13 | €1,419,548 | €1,347,912 | -€71,636 | -5.0% |
| Non-distributable reserves | 130/1 | €157,000 | €157,000 | = | 0.0% |
| Legal reserve | 130 | €157,000 | €157,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,137,873 | €1,091,295 | -€46,579 | -4.1% |
| Distributable reserves | 133 | €124,674 | €99,617 | -€25,057 | -20.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €359,570 | €344,044 | -€15,526 | -4.3% |
| Deferred taxes | 168 | €359,570 | €344,044 | -€15,526 | -4.3% |
| Amounts payable | 17/49 | €1,347,168 | €1,219,582 | -€127,586 | -9.5% |
| Amounts payable after more than one year | 17 | €435,743 | €303,192 | -€132,551 | -30.4% |
| Financial debts | 170/4 | €435,743 | €303,192 | -€132,551 | -30.4% |
| Amounts payable within one year | 42/48 | €909,904 | €915,983 | +€6,079 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €172,265 | €186,294 | +€14,029 | +8.1% |
| Financial debts | 43 | €22,000 | €150,000 | +€128,000 | +581.8% |
| Credit institutions | 430/8 | €22,000 | €150,000 | +€128,000 | +581.8% |
| Trade debts | 44 | €52,032 | €56,748 | +€4,715 | +9.1% |
| Suppliers | 440/4 | €52,032 | €56,748 | +€4,715 | +9.1% |
| Taxes, remuneration and social security | 45 | €1,225 | €1,569 | +€344 | +28.1% |
| Taxes | 450/3 | €1,225 | €1,569 | +€344 | +28.1% |
| Other amounts payable | 47/48 | €662,382 | €521,372 | -€141,010 | -21.3% |
| Accrued charges and deferred income | 492/3 | €1,521 | €408 | -€1,114 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,615 | €186,933 | -€46,683 | -20.0% |
| Other operating charges | 640/8 | €326,881 | €44,254 | -€282,627 | -86.5% |
| Non-recurring operating charges | 66A | €144,747 | - | -€144,747 | |
| Gross operating margin | 9900 | €351,351 | €226,402 | -€124,949 | -35.6% |
| Operating profit (loss) | 9901 | -€353,893 | -€4,784 | +€349,108 | +98.6% |
| Financial income | 75/76B | €0 | €472 | +€472 | |
| Recurring financial income | 75 | €0 | €472 | +€472 | |
| Financial charges | 65/66B | -€244,852 | €69,828 | +€314,681 | |
| Recurring financial charges | 65 | -€244,852 | €69,828 | +€314,681 | |
| Profit (loss) for the period before taxes | 9903 | -€109,040 | -€74,140 | +€34,900 | +32.0% |
| Transfer from deferred taxes | 780 | €16,051 | €15,526 | -€524 | -3.3% |
| Income taxes | 67/77 | €0 | €8,767 | +€8,767 | |
| Profit (loss) for the period | 9904 | -€92,990 | -€67,381 | +€25,609 | +27.5% |
| Transfer from tax-exempt reserves | 789 | €48,152 | €46,579 | -€1,573 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,838 | -€20,802 | +€24,036 | +53.6% |
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 10 October 2026 via checked.be.