MELINI: 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.
MELINI
Largest movements
- Tangible fixed assets -€6,292
down €6,292 (-66.7%), from €9,430 to €3,138
- Cash +€5,688
up €5,688 (+49.4%), from €11,521 to €17,209
mainly Net result for the year (+€13,015) and Depreciation (+€6,293)
- Receivables within one year -€2,791
no longer reported in 2025 (was €2,791)
of which Trade receivables: -€2,785
- Deferred charges and accrued income +€2,686
new in 2025: €2,686
- Stocks and contracts +€2,595
up €2,595 (+4.9%), from €52,671 to €55,266
- Profit (loss) carried forward +€13,014
up €13,014 (+110%), from €11,830 to €24,844
- Advances received -€3,200
no longer reported in 2025 (was €3,200)
- Debts after one year -€3,077
down €3,077 (-18.6%), from €16,577 to €13,500
- Tax, wage and social debts -€2,515
down €2,515 (-18.3%), from €13,747 to €11,232
of which Taxes: -€2,444
- Current portion of long-term debt -€2,097
down €2,097 (-40.5%), from €5,174 to €3,077
- Other operating charges -€2,992
down €2,992 (-78.2%), from €3,824 to €832
- Taxes -€1,580
no longer reported in 2025 (was €1,580)
- Gross operating margin +€1,280
up €1,280 (+6.3%), from €20,449 to €21,729
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 | €91,413 | €93,299 | +€1,886 | +2.1% |
| Fixed assets | 21/28 | €24,430 | €18,138 | -€6,292 | -25.8% |
| Tangible fixed assets | 22/27 | €9,430 | €3,138 | -€6,292 | -66.7% |
| Furniture and vehicles | 24 | €9,430 | €3,138 | -€6,292 | -66.7% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €66,983 | €75,161 | +€8,178 | +12.2% |
| Stocks and contracts in progress | 3 | €52,671 | €55,266 | +€2,595 | +4.9% |
| Stocks | 30/36 | €52,671 | €55,266 | +€2,595 | +4.9% |
| Amounts receivable within one year | 40/41 | €2,791 | - | -€2,791 | |
| Trade receivables | 40 | €2,785 | - | -€2,785 | |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €11,521 | €17,209 | +€5,688 | +49.4% |
| Deferred charges and accrued income | 490/1 | - | €2,686 | +€2,686 | |
| Total equity and liabilities | 10/49 | €91,413 | €93,299 | +€1,886 | +2.1% |
| Equity | 10/15 | €33,830 | €46,844 | +€13,014 | +38.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,830 | €24,844 | +€13,014 | +110% |
| Amounts payable | 17/49 | €57,583 | €46,454 | -€11,129 | -19.3% |
| Amounts payable after more than one year | 17 | €16,577 | €13,500 | -€3,077 | -18.6% |
| Financial debts | 170/4 | €16,577 | €13,500 | -€3,077 | -18.6% |
| Amounts payable within one year | 42/48 | €41,006 | €32,954 | -€8,052 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €5,174 | €3,077 | -€2,097 | -40.5% |
| Trade debts | 44 | €9,194 | €8,013 | -€1,181 | -12.8% |
| Suppliers | 440/4 | €9,194 | €8,013 | -€1,181 | -12.8% |
| Advances received on contracts in progress | 46 | €3,200 | - | -€3,200 | |
| Taxes, remuneration and social security | 45 | €13,747 | €11,232 | -€2,515 | -18.3% |
| Taxes | 450/3 | €12,676 | €10,232 | -€2,444 | -19.3% |
| Remuneration and social security | 454/9 | €1,071 | €1,000 | -€71 | -6.6% |
| Other amounts payable | 47/48 | €9,691 | €10,632 | +€941 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,293 | €6,293 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,824 | €832 | -€2,992 | -78.2% |
| Gross operating margin | 9900 | €20,449 | €21,729 | +€1,280 | +6.3% |
| Operating profit (loss) | 9901 | €10,332 | €14,604 | +€4,272 | +41.3% |
| Financial income | 75/76B | €1 | €41 | +€40 | +3,953% |
| Recurring financial income | 75 | €1 | €41 | +€40 | +3,953% |
| Financial charges | 65/66B | €1,695 | €1,629 | -€66 | -3.9% |
| Recurring financial charges | 65 | €1,695 | €1,629 | -€66 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €8,638 | €13,015 | +€4,377 | +50.7% |
| Income taxes | 67/77 | €1,580 | - | -€1,580 | |
| Profit (loss) for the period | 9904 | €7,058 | €13,015 | +€5,957 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,058 | €13,015 | +€5,957 | +84.4% |
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 17 October 2026 via checked.be.