Melin: 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.
Melin
Largest movements
- Receivables within one year -€6,430
down €6,430 (-50.5%), from €12,734 to €6,304
of which Trade receivables: -€8,045
- Tangible fixed assets -€5,429
down €5,429 (-12.9%), from €42,240 to €36,811
of which Plant, machinery and equipment: -€4,429
- Cash -€2,579
down €2,579 (-21.9%), from €11,753 to €9,174
mainly Net result for the year (-€25,963) and Accrued charges and deferred income (-€12,498)
- Stocks and contracts +€2,275
new in 2024: €2,275
- Intangible fixed assets -€2,000
down €2,000 (-26.1%), from €7,667 to €5,667
- Profit (loss) carried forward -€25,963
down €25,963 (-92.5%), from -€28,071 to -€54,034
- Tax, wage and social debts +€22,200
up €22,200 (+108.3%), from €20,505 to €42,705
of which Remuneration and social security: +€22,459
- Accrued charges and deferred income -€12,498
no longer reported in 2024 (was €12,498)
- Trade debts +€2,098
up €2,098 (+32.5%), from €6,462 to €8,561
- Staff costs -€31,811
down €31,811 (-33.4%), from €95,244 to €63,432
- Gross operating margin -€30,106
down €30,106 (-38.5%), from €78,297 to €48,191
- Depreciation -€1,184
down €1,184 (-13.1%), from €9,004 to €7,820
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,394 | €60,231 | -€14,163 | -19.0% |
| Fixed assets | 21/28 | €49,906 | €42,478 | -€7,429 | -14.9% |
| Intangible fixed assets | 21 | €7,667 | €5,667 | -€2,000 | -26.1% |
| Tangible fixed assets | 22/27 | €42,240 | €36,811 | -€5,429 | -12.9% |
| Plant, machinery and equipment | 23 | €33,406 | €28,978 | -€4,429 | -13.3% |
| Furniture and vehicles | 24 | €8,833 | €7,833 | -€1,000 | -11.3% |
| Current assets | 29/58 | €24,487 | €17,753 | -€6,734 | -27.5% |
| Stocks and contracts in progress | 3 | - | €2,275 | +€2,275 | |
| Stocks | 30/36 | - | €2,275 | +€2,275 | |
| Amounts receivable within one year | 40/41 | €12,734 | €6,304 | -€6,430 | -50.5% |
| Trade receivables | 40 | €8,209 | €163 | -€8,045 | -98.0% |
| Other amounts receivable | 41 | €4,526 | €6,141 | +€1,615 | +35.7% |
| Cash at bank and in hand | 54/58 | €11,753 | €9,174 | -€2,579 | -21.9% |
| Total equity and liabilities | 10/49 | €74,394 | €60,231 | -€14,163 | -19.0% |
| Equity | 10/15 | €21,929 | -€4,034 | -€25,963 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,071 | -€54,034 | -€25,963 | -92.5% |
| Amounts payable | 17/49 | €52,465 | €64,265 | +€11,801 | +22.5% |
| Amounts payable after more than one year | 17 | €13,000 | €13,000 | = | 0.0% |
| Financial debts | 170/4 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,967 | €51,265 | +€24,298 | +90.1% |
| Trade debts | 44 | €6,462 | €8,561 | +€2,098 | +32.5% |
| Suppliers | 440/4 | €6,462 | €8,561 | +€2,098 | +32.5% |
| Taxes, remuneration and social security | 45 | €20,505 | €42,705 | +€22,200 | +108.3% |
| Taxes | 450/3 | €6,847 | €6,587 | -€260 | -3.8% |
| Remuneration and social security | 454/9 | €13,658 | €36,118 | +€22,459 | +164.4% |
| Accrued charges and deferred income | 492/3 | €12,498 | - | -€12,498 | |
| Remuneration, social security and pensions | 62 | €95,244 | €63,432 | -€31,811 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,004 | €7,820 | -€1,184 | -13.1% |
| Other operating charges | 640/8 | €1,351 | €1,617 | +€266 | +19.7% |
| Gross operating margin | 9900 | €78,297 | €48,191 | -€30,106 | -38.5% |
| Operating profit (loss) | 9901 | -€27,301 | -€24,678 | +€2,623 | +9.6% |
| Financial income | 75/76B | €3 | €164 | +€161 | +5255.2% |
| Recurring financial income | 75 | €3 | €164 | +€161 | +5255.2% |
| Financial charges | 65/66B | €636 | €1,321 | +€686 | +107.9% |
| Recurring financial charges | 65 | €636 | €1,321 | +€686 | +107.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,933 | -€25,835 | +€2,098 | +7.5% |
| Income taxes | 67/77 | €138 | €128 | -€10 | -7.0% |
| Profit (loss) for the period | 9904 | -€28,071 | -€25,963 | +€2,108 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,071 | -€25,963 | +€2,108 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.