MELIORE: 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.
What changed
MELIORE
NACE 94.994, Activities of membership organisations
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €2.4m-€991,375
Equity
-
2024 · €5.4m-€5.4m
Cash
€40.5m
2024 · €61.2m-€20.7m
Balance sheet total
€100.0m
2024 · €119.2m-€19.2m
Largest movements
Assets
- Cash -€20.7m
down €20.7m (-33.8%), from €61.2m to €40.5m
mainly Total equity and liabilities (-€19.2m) and Receivables within one year (-€16.4m)
- Receivables within one year +€16.4m
up €16.4m (+55.9%), from €29.3m to €45.7m
of which Other amounts receivable: +€12.7m
- Receivables after one year -€15.9m
down €15.9m (-59.0%), from €26.9m to €11.0m
Equity and liabilities
- Total equity and liabilities -€19.2m
down €19.2m (-16.1%), from €119.2m to €100.0m
of which Debts: -€112.9m
Income statement
- Turnover +€15.2m
up €15.2m (+23.5%), from €64.7m to €79.9m
- Services and other goods +€13.8m
up €13.8m (+30.1%), from €45.9m to €59.7m
- Staff costs +€3.7m
up €3.7m (+24.4%), from €15.1m to €18.8m
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.
Result 2024
€2.4m
Turnover
+€15.2m
Services and other goods
-€13.8m
Staff costs
-€3.7m
Depreciation
-€53,222
Write-downs
-€22,254
Other operating items
+€864,297
Financial income
-€582
Financial charges
+€116,661
Other financial items
+€404,167
Result 2025
€1.4m
Cash bridge derived
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.
From operations
-€19.1m
Investment
-€201,718
Financing
-€1.4m
Cash 2024
€61.2m
From operations (derived)
-€19.1m
Net result for the year
+€1.4m
Depreciation
+€150,997
Receivables after one year
+€15.9m
Receivables within one year
-€16.4m
Deferred charges and accrued income
-€893,353
Total equity and liabilities
-€19.2m
Investment (derived)
-€201,718
Investment in fixed assets (net)
-€201,718
Financing
-€1.4m
Contributions, distributions and other
-€1.4m
Not broken down
-€1
Cash 2025
€40.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,225,440 | €100,012,649 | -€19.2m | -16.1% |
| Fixed assets | 21/28 | €747,653 | €798,374 | +€50,721 | +6.8% |
| Tangible fixed assets | 22/27 | €242,512 | €391,042 | +€148,530 | +61.2% |
| Plant, machinery and equipment | 23 | €242,512 | €391,042 | +€148,530 | +61.2% |
| Financial fixed assets | 28 | €505,141 | €407,332 | -€97,809 | -19.4% |
| Other financial fixed assets | 284/8 | €505,141 | €407,332 | -€97,809 | -19.4% |
| Amounts receivable and cash guarantees | 285/8 | €505,141 | €407,332 | -€97,809 | -19.4% |
| Current assets | 29/58 | €118,477,787 | €99,214,275 | -€19.3m | -16.3% |
| Amounts receivable after more than one year | 29 | €26,936,794 | €11,034,985 | -€15.9m | -59.0% |
| Other amounts receivable | 291 | €26,936,794 | €11,034,985 | -€15.9m | -59.0% |
| Amounts receivable within one year | 40/41 | €29,341,403 | €45,745,130 | +€16.4m | +55.9% |
| Trade receivables | 40 | - | €3,656,362 | +€3.7m | |
| Other amounts receivable | 41 | €29,341,403 | €42,088,767 | +€12.7m | +43.4% |
| Cash at bank and in hand | 54/58 | €61,180,031 | €40,521,247 | -€20.7m | -33.8% |
| Deferred charges and accrued income | 490/1 | €1,019,559 | €1,912,912 | +€893,353 | +87.6% |
| Total equity and liabilities | 10/49 | €119,225,440 | €100,012,649 | -€19.2m | -16.1% |
| Equity | 10/15 | €5,414,597 | - | -€5.4m | |
| Reserves | 13 | €5,414,597 | €7,783,025 | +€2.4m | +43.7% |
| Provisions and deferred taxes | 16 | €864,296 | - | -€864,296 | |
| Provisions for liabilities and charges | 160/5 | €864,296 | €766,662 | -€97,634 | -11.3% |
| Other liabilities and charges | 164/5 | €864,296 | €766,662 | -€97,634 | -11.3% |
| Amounts payable | 17/49 | €112,946,547 | - | -€112.9m | |
| Amounts payable within one year | 42/48 | €5,345,040 | €14,921,240 | +€9.6m | +179.2% |
| Trade debts | 44 | €5,066,236 | €14,921,178 | +€9.9m | +194.5% |
| Suppliers | 440/4 | €5,066,236 | €14,921,178 | +€9.9m | +194.5% |
| Taxes, remuneration and social security | 45 | €278,804 | €62 | -€278,742 | -100.0% |
| Taxes | 450/3 | €50,104 | €62 | -€50,042 | -99.9% |
| Remuneration and social security | 454/9 | €228,700 | - | -€228,700 | |
| Accrued charges and deferred income | 492/3 | €107,601,507 | €76,541,721 | -€31.1m | -28.9% |
| Operating income | 70/76A | €64,650,994 | €79,861,734 | +€15.2m | +23.5% |
| Turnover | 70 | €64,650,994 | €79,861,734 | +€15.2m | +23.5% |
| Operating charges | 60/66A | €62,001,730 | €78,724,091 | +€16.7m | +27.0% |
| Services and other goods | 61 | €45,913,540 | €59,732,930 | +€13.8m | +30.1% |
| Remuneration, social security and pensions | 62 | €15,126,119 | €18,817,911 | +€3.7m | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,775 | €150,997 | +€53,222 | +54.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,254 | +€22,254 | |
| Operating profit (loss) | 9901 | €2,649,264 | €1,137,643 | -€1.5m | -57.1% |
| Financial income | 75/76B | €582 | - | -€582 | |
| Recurring financial income | 75 | €582 | €398,770 | +€398,188 | +68417.2% |
| Other financial income | 752/9 | €582 | €398,770 | +€398,188 | +68417.2% |
| Non-recurring financial income | 76B | - | €5,398 | +€5,398 | |
| Financial charges | 65/66B | €255,686 | €139,025 | -€116,661 | -45.6% |
| Recurring financial charges | 65 | €255,686 | €139,025 | -€116,661 | -45.6% |
| Debt charges | 650 | - | €25 | +€25 | |
| Other financial charges | 652/9 | €255,686 | €139,000 | -€116,686 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €2,394,160 | €1,402,785 | -€991,375 | -41.4% |
| Profit (loss) for the period | 9904 | €2,394,160 | €1,402,785 | -€991,375 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,394,160 | €1,402,785 | -€991,375 | -41.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.