MELIOR MACHINES: 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.
MELIOR MACHINES
Largest movements
- Stocks and contracts -€61,108
down €61,108 (-10.0%), from €608,615 to €547,507
- Receivables within one year -€31,541
down €31,541 (-33.9%), from €93,040 to €61,499
of which Trade receivables: -€36,275
- Cash -€19,862
down €19,862 (-11.1%), from €179,314 to €159,452
mainly Current portion of long-term debt (-€99,195) and Debts after one year (-€50,736)
- Tangible fixed assets -€16,434
down €16,434 (-2.6%), from €638,801 to €622,368
of which Land and buildings: -€36,584
- Current portion of long-term debt -€99,195
down €99,195 (-66.2%), from €149,931 to €50,736
- Debts after one year -€50,736
down €50,736 (-10.4%), from €486,475 to €435,739
- Tax, wage and social debts -€21,757
down €21,757 (-67.1%), from €32,441 to €10,683
of which Taxes: -€23,002
- Reserves +€19,082
up €19,082 (+3.3%), from €575,110 to €594,191
- Other debts +€15,953
up €15,953 (+10.6%), from €150,043 to €165,997
- Gross operating margin -€49,704
down €49,704 (-23.3%), from €213,712 to €164,007
- Staff costs -€15,472
down €15,472 (-19.2%), from €80,658 to €65,187
- Taxes -€9,844
down €9,844 (-62.6%), from €15,727 to €5,884
- Financial income -€3,456
no longer reported in 2025 (was €3,456)
- Depreciation +€3,070
up €3,070 (+7.3%), from €42,299 to €45,369
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 | €1,521,180 | €1,392,378 | -€128,802 | -8.5% |
| Fixed assets | 21/28 | €640,211 | €623,778 | -€16,434 | -2.6% |
| Tangible fixed assets | 22/27 | €638,801 | €622,368 | -€16,434 | -2.6% |
| Land and buildings | 22 | €638,801 | €602,217 | -€36,584 | -5.7% |
| Furniture and vehicles | 24 | - | €20,150 | +€20,150 | |
| Financial fixed assets | 28 | €1,410 | €1,410 | = | 0.0% |
| Current assets | 29/58 | €880,969 | €768,600 | -€112,369 | -12.8% |
| Stocks and contracts in progress | 3 | €608,615 | €547,507 | -€61,108 | -10.0% |
| Stocks | 30/36 | €608,615 | €547,507 | -€61,108 | -10.0% |
| Amounts receivable within one year | 40/41 | €93,040 | €61,499 | -€31,541 | -33.9% |
| Trade receivables | 40 | €80,767 | €44,492 | -€36,275 | -44.9% |
| Other amounts receivable | 41 | €12,273 | €17,007 | +€4,734 | +38.6% |
| Cash at bank and in hand | 54/58 | €179,314 | €159,452 | -€19,862 | -11.1% |
| Deferred charges and accrued income | 490/1 | - | €142 | +€142 | |
| Total equity and liabilities | 10/49 | €1,521,180 | €1,392,378 | -€128,802 | -8.5% |
| Equity | 10/15 | €663,110 | €682,191 | +€19,082 | +2.9% |
| Contributions | 10/11 | €88,000 | €88,000 | = | 0.0% |
| Reserves | 13 | €575,110 | €594,191 | +€19,082 | +3.3% |
| Distributable reserves | 133 | €575,110 | €594,191 | +€19,082 | +3.3% |
| Amounts payable | 17/49 | €858,070 | €710,187 | -€147,884 | -17.2% |
| Amounts payable after more than one year | 17 | €486,475 | €435,739 | -€50,736 | -10.4% |
| Financial debts | 170/4 | €486,475 | €435,739 | -€50,736 | -10.4% |
| Amounts payable within one year | 42/48 | €360,996 | €262,888 | -€98,108 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €149,931 | €50,736 | -€99,195 | -66.2% |
| Trade debts | 44 | €28,581 | €35,472 | +€6,891 | +24.1% |
| Suppliers | 440/4 | €28,581 | €35,472 | +€6,891 | +24.1% |
| Taxes, remuneration and social security | 45 | €32,441 | €10,683 | -€21,757 | -67.1% |
| Taxes | 450/3 | €23,002 | - | -€23,002 | |
| Remuneration and social security | 454/9 | €9,439 | €10,683 | +€1,244 | +13.2% |
| Other amounts payable | 47/48 | €150,043 | €165,997 | +€15,953 | +10.6% |
| Accrued charges and deferred income | 492/3 | €10,600 | €11,559 | +€960 | +9.1% |
| Remuneration, social security and pensions | 62 | €80,658 | €65,187 | -€15,472 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,299 | €45,369 | +€3,070 | +7.3% |
| Other operating charges | 640/8 | €5,395 | €5,531 | +€136 | +2.5% |
| Gross operating margin | 9900 | €213,712 | €164,007 | -€49,704 | -23.3% |
| Operating profit (loss) | 9901 | €85,360 | €47,921 | -€37,439 | -43.9% |
| Financial income | 75/76B | €3,456 | - | -€3,456 | |
| Recurring financial income | 75 | €3,456 | - | -€3,456 | |
| Financial charges | 65/66B | €25,913 | €22,956 | -€2,957 | -11.4% |
| Recurring financial charges | 65 | €25,913 | €22,956 | -€2,957 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €62,903 | €24,965 | -€37,938 | -60.3% |
| Income taxes | 67/77 | €15,727 | €5,884 | -€9,844 | -62.6% |
| Profit (loss) for the period | 9904 | €47,176 | €19,082 | -€28,094 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,176 | €19,082 | -€28,094 | -59.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.