MELIORA: 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.
MELIORA
Largest movements
- Current assets -€50,184
down €50,184 (-46.8%), from €107,234 to €57,050
of which Receivables within one year: -€37,947
- Tangible fixed assets -€18,965
no longer reported in 2023 (was €18,965)
- Debts after one year -€69,097
down €69,097 (-85.0%), from €81,291 to €12,195
- Debts within one year -€7,783
down €7,783 (-13.9%), from €55,878 to €48,096
- Profit (loss) carried forward +€7,731
up €7,731 (+26.8%), from -€28,897 to -€21,167
- Gross operating margin -€25,414
no longer reported in 2023 (was €25,414)
- Depreciation -€13,234
no longer reported in 2023 (was €13,234)
From the 2020 result to the 2023 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,699 | €57,550 | -€69,149 | -54.6% |
| Fixed assets | 21/28 | €19,465 | €500 | -€18,965 | -97.4% |
| Tangible fixed assets | 22/27 | €18,965 | - | -€18,965 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €107,234 | €57,050 | -€50,184 | -46.8% |
| Amounts receivable after more than one year | 29 | - | €23,086 | +€23,086 | |
| Other amounts receivable | 291 | - | €23,086 | +€23,086 | |
| Stocks and contracts in progress | 3 | €1 | €1 | = | 0.0% |
| Stocks | 30/36 | - | €1 | +€1 | |
| Amounts receivable within one year | 40/41 | €65,779 | €27,832 | -€37,947 | -57.7% |
| Trade receivables | 40 | - | €27,832 | +€27,832 | |
| Cash at bank and in hand | 54/58 | €18,153 | €6,119 | -€12,033 | -66.3% |
| Deferred charges and accrued income | 490/1 | - | €12 | +€12 | |
| Total equity and liabilities | 10/49 | €126,699 | €57,550 | -€69,149 | -54.6% |
| Equity | 10/15 | -€10,471 | -€2,740 | +€7,731 | +73.8% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Reserves | 13 | €26 | €26 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €26 | +€26 | |
| Reserves not available under the articles | 1311 | - | €26 | +€26 | |
| Profit (loss) carried forward | 14 | -€28,897 | -€21,167 | +€7,731 | +26.8% |
| Amounts payable | 17/49 | €137,170 | €60,290 | -€76,880 | -56.0% |
| Amounts payable after more than one year | 17 | €81,291 | €12,195 | -€69,097 | -85.0% |
| Other amounts payable | 178/9 | - | €12,195 | +€12,195 | |
| Amounts payable within one year | 42/48 | €55,878 | €48,096 | -€7,783 | -13.9% |
| Trade debts | 44 | €41,270 | €44,201 | +€2,931 | +7.1% |
| Suppliers | 440/4 | - | €44,201 | +€44,201 | |
| Taxes, remuneration and social security | 45 | - | €3,895 | +€3,895 | |
| Taxes | 450/3 | - | €3,824 | +€3,824 | |
| Remuneration and social security | 454/9 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,234 | - | -€13,234 | |
| Gross operating margin | 9900 | €25,414 | - | -€25,414 | |
| Operating profit (loss) | 9901 | -€31,344 | - | +€31,344 | |
| Recurring financial charges | 65 | €313 | - | -€313 | |
| Profit (loss) for the period before taxes | 9903 | -€31,656 | - | +€31,656 | |
| Profit (loss) for the period | 9904 | -€31,656 | - | +€31,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,656 | - | +€31,656 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.