Meliora Ventures: 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.
Meliora Ventures
Largest movements
- Receivables within one year -€223,545
down €223,545 (-97.5%), from €229,361 to €5,816
of which Other amounts receivable: -€223,401
- Cash -€79,549
down €79,549 (-100%), from €79,549 to €0
mainly Contributions, distributions and other (-€350,000) and Debts after one year (-€80,571)
- Profit (loss) carried forward -€289,425
down €289,425 (-60.5%), from €478,273 to €188,848
- Debts after one year -€80,571
down €80,571 (-25.0%), from €322,286 to €241,714
- Tax, wage and social debts +€35,788
up €35,788 (+123%), from €29,000 to €64,787
- Current portion of long-term debt -€20,000
down €20,000 (-10.8%), from €185,571 to €165,571
- Other debts +€19,891
new in 2025: €19,891
- Financial income -€33,811
down €33,811 (-54.1%), from €62,478 to €28,667
- Gross operating margin -€6,655
down €6,655 (-8.4%), from €79,052 to €72,397
- Financial charges +€5,814
up €5,814 (+44.9%), from €12,947 to €18,761
- Taxes -€1,293
down €1,293 (-6.3%), from €20,607 to €19,314
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 | €1,021,334 | €712,443 | -€308,891 | -30.2% |
| Fixed assets | 21/28 | €705,681 | €706,442 | +€761 | +0.1% |
| Tangible fixed assets | 22/27 | €681 | €1,442 | +€761 | +112% |
| Furniture and vehicles | 24 | €681 | €1,442 | +€761 | +112% |
| Financial fixed assets | 28 | €705,000 | €705,000 | = | 0.0% |
| Current assets | 29/58 | €315,653 | €6,001 | -€309,652 | -98.1% |
| Amounts receivable within one year | 40/41 | €229,361 | €5,816 | -€223,545 | -97.5% |
| Trade receivables | 40 | €144 | €0 | -€144 | -100% |
| Other amounts receivable | 41 | €229,217 | €5,816 | -€223,401 | -97.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €79,549 | €0 | -€79,549 | -100% |
| Deferred charges and accrued income | 490/1 | €6,743 | €185 | -€6,558 | -97.3% |
| Total equity and liabilities | 10/49 | €1,021,334 | €712,443 | -€308,891 | -30.2% |
| Equity | 10/15 | €483,273 | €193,848 | -€289,425 | -59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €478,273 | €188,848 | -€289,425 | -60.5% |
| Amounts payable | 17/49 | €538,061 | €518,595 | -€19,466 | -3.6% |
| Amounts payable after more than one year | 17 | €322,286 | €241,714 | -€80,571 | -25.0% |
| Financial debts | 170/4 | €322,286 | €241,714 | -€80,571 | -25.0% |
| Amounts payable within one year | 42/48 | €215,776 | €274,837 | +€59,061 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €185,571 | €165,571 | -€20,000 | -10.8% |
| Financial debts | 43 | - | €17,511 | +€17,511 | |
| Credit institutions | 430/8 | - | €17,511 | +€17,511 | |
| Trade debts | 44 | €1,204 | €7,075 | +€5,871 | +488% |
| Suppliers | 440/4 | €1,204 | €7,075 | +€5,871 | +488% |
| Taxes, remuneration and social security | 45 | €29,000 | €64,787 | +€35,788 | +123% |
| Taxes | 450/3 | €29,000 | €64,787 | +€35,788 | +123% |
| Other amounts payable | 47/48 | - | €19,891 | +€19,891 | |
| Accrued charges and deferred income | 492/3 | - | €2,044 | +€2,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €478 | +€96 | +25.3% |
| Other operating charges | 640/8 | €1,500 | €1,936 | +€436 | +29.1% |
| Gross operating margin | 9900 | €79,052 | €72,397 | -€6,655 | -8.4% |
| Operating profit (loss) | 9901 | €77,171 | €69,984 | -€7,187 | -9.3% |
| Financial income | 75/76B | €62,478 | €28,667 | -€33,811 | -54.1% |
| Recurring financial income | 75 | €62,478 | €28,667 | -€33,811 | -54.1% |
| Financial charges | 65/66B | €12,947 | €18,761 | +€5,814 | +44.9% |
| Recurring financial charges | 65 | €12,947 | €18,761 | +€5,814 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €126,701 | €79,889 | -€46,812 | -36.9% |
| Income taxes | 67/77 | €20,607 | €19,314 | -€1,293 | -6.3% |
| Profit (loss) for the period | 9904 | €106,094 | €60,575 | -€45,519 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,094 | €60,575 | -€45,519 | -42.9% |
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.