Meliorem: 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.
Meliorem
Largest movements
- Receivables within one year +€4,646
up €4,646 (+151%), from €3,074 to €7,720
of which Trade receivables: +€3,009
- Intangible fixed assets +€1,982
new in 2025: €1,982
- Formation expenses -€449
down €449 (-78.3%), from €574 to €124
- Other debts +€6,202
new in 2025: €6,202
- Reserves +€4,995
up €4,995 (+26.5%), from €18,863 to €23,858
- Trade debts -€4,147
down €4,147 (-54.3%), from €7,632 to €3,485
- Tax, wage and social debts -€706
down €706 (-33.6%), from €2,098 to €1,392
- Gross operating margin -€4,984
down €4,984 (-36.4%), from €13,693 to €8,710
- Taxes -€706
down €706 (-33.6%), from €2,098 to €1,392
- Financial charges -€172
down €172 (-21.6%), from €799 to €627
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 | €32,593 | €38,938 | +€6,344 | +19.5% |
| Formation expenses | 20 | €574 | €124 | -€449 | -78.3% |
| Fixed assets | 21/28 | €1,389 | €3,436 | +€2,047 | +147% |
| Intangible fixed assets | 21 | - | €1,982 | +€1,982 | |
| Tangible fixed assets | 22/27 | €1,389 | €1,454 | +€65 | +4.7% |
| Plant, machinery and equipment | 23 | €1,389 | €1,454 | +€65 | +4.7% |
| Current assets | 29/58 | €30,631 | €35,377 | +€4,746 | +15.5% |
| Amounts receivable within one year | 40/41 | €3,074 | €7,720 | +€4,646 | +151% |
| Trade receivables | 40 | - | €3,009 | +€3,009 | |
| Other amounts receivable | 41 | €3,074 | €4,711 | +€1,637 | +53.2% |
| Cash at bank and in hand | 54/58 | €27,557 | €27,657 | +€100 | +0.4% |
| Total equity and liabilities | 10/49 | €32,593 | €38,938 | +€6,344 | +19.5% |
| Equity | 10/15 | €22,863 | €27,858 | +€4,995 | +21.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €18,863 | €23,858 | +€4,995 | +26.5% |
| Distributable reserves | 133 | €18,863 | €23,858 | +€4,995 | +26.5% |
| Amounts payable | 17/49 | €9,730 | €11,080 | +€1,350 | +13.9% |
| Amounts payable within one year | 42/48 | €9,730 | €11,080 | +€1,350 | +13.9% |
| Trade debts | 44 | €7,632 | €3,485 | -€4,147 | -54.3% |
| Suppliers | 440/4 | €7,632 | €3,485 | -€4,147 | -54.3% |
| Taxes, remuneration and social security | 45 | €2,098 | €1,392 | -€706 | -33.6% |
| Taxes | 450/3 | €2,098 | €1,392 | -€706 | -33.6% |
| Other amounts payable | 47/48 | - | €6,202 | +€6,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,586 | €1,553 | -€33 | -2.1% |
| Other operating charges | 640/8 | €220 | €223 | +€3 | +1.4% |
| Gross operating margin | 9900 | €13,693 | €8,710 | -€4,984 | -36.4% |
| Operating profit (loss) | 9901 | €11,888 | €6,934 | -€4,954 | -41.7% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €799 | €627 | -€172 | -21.6% |
| Recurring financial charges | 65 | €799 | €627 | -€172 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €11,089 | €6,387 | -€4,701 | -42.4% |
| Income taxes | 67/77 | €2,098 | €1,392 | -€706 | -33.6% |
| Profit (loss) for the period | 9904 | €8,991 | €4,995 | -€3,996 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,991 | €4,995 | -€3,996 | -44.4% |
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 20 October 2026 via checked.be.