MELIOR TRAIANO: 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 TRAIANO
Largest movements
- Receivables within one year +€178,768
up €178,768 (+658%), from €27,185 to €205,953
of which Other amounts receivable: +€156,583
- Cash -€84,131
down €84,131 (-72.6%), from €115,899 to €31,769
mainly Receivables within one year (-€178,768) and Investment in fixed assets (net) (-€65,997)
- Current investments -€47,636
down €47,636 (-11.3%), from €421,864 to €374,228
- Tangible fixed assets +€38,799
up €38,799 (+34.9%), from €111,328 to €150,127
of which Furniture and vehicles: +€38,305
- Reserves +€58,175
up €58,175 (+25.8%), from €225,121 to €283,296
- Current portion of long-term debt +€29,317
up €29,317 (+220%), from €13,326 to €42,643
- Debts after one year -€13,033
down €13,033 (-12.3%), from €106,122 to €93,088
- Tax, wage and social debts +€11,353
up €11,353 (+27.2%), from €41,779 to €53,132
of which Taxes: +€8,018
- Financial income -€66,616
down €66,616 (-83.7%), from €79,586 to €12,969
- Gross operating margin +€27,778
up €27,778 (+26.7%), from €104,192 to €131,969
- Taxes +€19,832
up €19,832 (+62.6%), from €31,700 to €51,532
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 | €677,245 | €767,143 | +€89,898 | +13.3% |
| Fixed assets | 21/28 | €111,328 | €150,127 | +€38,799 | +34.9% |
| Tangible fixed assets | 22/27 | €111,328 | €150,127 | +€38,799 | +34.9% |
| Plant, machinery and equipment | 23 | €1,031 | €1,524 | +€493 | +47.9% |
| Furniture and vehicles | 24 | €96,097 | €134,403 | +€38,305 | +39.9% |
| Other tangible fixed assets | 26 | €14,200 | €14,200 | = | 0.0% |
| Current assets | 29/58 | €565,917 | €617,017 | +€51,099 | +9.0% |
| Amounts receivable within one year | 40/41 | €27,185 | €205,953 | +€178,768 | +658% |
| Trade receivables | 40 | €366 | €22,551 | +€22,185 | +6,061% |
| Other amounts receivable | 41 | €26,819 | €183,401 | +€156,583 | +584% |
| Current investments | 50/53 | €421,864 | €374,228 | -€47,636 | -11.3% |
| Cash at bank and in hand | 54/58 | €115,899 | €31,769 | -€84,131 | -72.6% |
| Deferred charges and accrued income | 490/1 | €969 | €5,067 | +€4,098 | +423% |
| Total equity and liabilities | 10/49 | €677,245 | €767,143 | +€89,898 | +13.3% |
| Equity | 10/15 | €509,650 | €567,825 | +€58,175 | +11.4% |
| Contributions | 10/11 | €7,548 | €7,548 | = | 0.0% |
| Reserves | 13 | €225,121 | €283,296 | +€58,175 | +25.8% |
| Distributable reserves | 133 | €225,121 | €283,296 | +€58,175 | +25.8% |
| Profit (loss) carried forward | 14 | €276,981 | €276,981 | = | 0.0% |
| Amounts payable | 17/49 | €167,596 | €199,319 | +€31,723 | +18.9% |
| Amounts payable after more than one year | 17 | €106,122 | €93,088 | -€13,033 | -12.3% |
| Financial debts | 170/4 | €106,122 | €93,088 | -€13,033 | -12.3% |
| Amounts payable within one year | 42/48 | €61,474 | €106,230 | +€44,756 | +72.8% |
| Current portion of amounts payable after more than one year | 42 | €13,326 | €42,643 | +€29,317 | +220% |
| Trade debts | 44 | €6,370 | €10,456 | +€4,086 | +64.1% |
| Suppliers | 440/4 | €6,370 | €10,456 | +€4,086 | +64.1% |
| Taxes, remuneration and social security | 45 | €41,779 | €53,132 | +€11,353 | +27.2% |
| Taxes | 450/3 | €41,779 | €49,797 | +€8,018 | +19.2% |
| Remuneration and social security | 454/9 | €0 | €3,335 | +€3,335 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,053 | €27,198 | +€145 | +0.5% |
| Other operating charges | 640/8 | €64 | €1,104 | +€1,040 | +1,630% |
| Gross operating margin | 9900 | €104,192 | €131,969 | +€27,778 | +26.7% |
| Operating profit (loss) | 9901 | €77,074 | €103,667 | +€26,593 | +34.5% |
| Financial income | 75/76B | €79,586 | €12,969 | -€66,616 | -83.7% |
| Recurring financial income | 75 | €79,586 | €12,969 | -€66,616 | -83.7% |
| Financial charges | 65/66B | €5,875 | €6,930 | +€1,054 | +17.9% |
| Recurring financial charges | 65 | €5,875 | €6,930 | +€1,054 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €150,785 | €109,707 | -€41,078 | -27.2% |
| Income taxes | 67/77 | €31,700 | €51,532 | +€19,832 | +62.6% |
| Profit (loss) for the period | 9904 | €119,085 | €58,175 | -€60,910 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,085 | €58,175 | -€60,910 | -51.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.