Meliorex: 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.
Meliorex
Largest movements
- Cash +€59,460
up €59,460 (+193%), from €30,881 to €90,341
mainly Net result for the year (+€33,459) and Investment in fixed assets (net) (+€15,885)
- Tangible fixed assets -€16,210
down €16,210 (-91.8%), from €17,665 to €1,456
of which Furniture and vehicles: -€17,665
- Receivables within one year -€10,418
down €10,418 (-43.2%), from €24,140 to €13,721
- Deferred charges and accrued income +€1,113
up €1,113 (+193%), from €577 to €1,690
- Reserves +€33,459
up €33,459 (+116%), from €28,825 to €62,284
- Gross operating margin +€7,531
up €7,531 (+18.9%), from €39,843 to €47,373
- Financial charges +€2,437
new in 2025: €2,437
- Depreciation -€2,342
down €2,342 (-87.8%), from €2,667 to €324
- Taxes +€2,046
up €2,046 (+25.1%), from €8,134 to €10,180
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 | €73,262 | €107,207 | +€33,945 | +46.3% |
| Fixed assets | 21/28 | €17,665 | €1,456 | -€16,210 | -91.8% |
| Tangible fixed assets | 22/27 | €17,665 | €1,456 | -€16,210 | -91.8% |
| Plant, machinery and equipment | 23 | - | €1,456 | +€1,456 | |
| Furniture and vehicles | 24 | €17,665 | €0 | -€17,665 | -100% |
| Current assets | 29/58 | €55,597 | €105,752 | +€50,155 | +90.2% |
| Amounts receivable within one year | 40/41 | €24,140 | €13,721 | -€10,418 | -43.2% |
| Trade receivables | 40 | €24,140 | €13,721 | -€10,418 | -43.2% |
| Cash at bank and in hand | 54/58 | €30,881 | €90,341 | +€59,460 | +193% |
| Deferred charges and accrued income | 490/1 | €577 | €1,690 | +€1,113 | +193% |
| Total equity and liabilities | 10/49 | €73,262 | €107,207 | +€33,945 | +46.3% |
| Equity | 10/15 | €33,825 | €67,284 | +€33,459 | +98.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,825 | €62,284 | +€33,459 | +116% |
| Distributable reserves | 133 | €28,825 | €62,284 | +€33,459 | +116% |
| Amounts payable | 17/49 | €39,438 | €39,923 | +€486 | +1.2% |
| Amounts payable within one year | 42/48 | €39,438 | €39,923 | +€486 | +1.2% |
| Trade debts | 44 | €467 | €682 | +€214 | +45.8% |
| Suppliers | 440/4 | €467 | €682 | +€214 | +45.8% |
| Taxes, remuneration and social security | 45 | €19,083 | €19,244 | +€161 | +0.8% |
| Taxes | 450/3 | €19,083 | €19,244 | +€161 | +0.8% |
| Other amounts payable | 47/48 | €19,887 | €19,998 | +€110 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,667 | €324 | -€2,342 | -87.8% |
| Other operating charges | 640/8 | €221 | €66 | -€155 | -70.2% |
| Non-recurring operating charges | 66A | - | €1,277 | +€1,277 | |
| Gross operating margin | 9900 | €39,843 | €47,373 | +€7,531 | +18.9% |
| Operating profit (loss) | 9901 | €36,956 | €45,707 | +€8,751 | +23.7% |
| Financial income | 75/76B | €3 | €370 | +€366 | +11,138% |
| Recurring financial income | 75 | €3 | €370 | +€366 | +11,138% |
| Financial charges | 65/66B | - | €2,437 | +€2,437 | |
| Recurring financial charges | 65 | - | €2,437 | +€2,437 | |
| Profit (loss) for the period before taxes | 9903 | €36,959 | €43,639 | +€6,680 | +18.1% |
| Income taxes | 67/77 | €8,134 | €10,180 | +€2,046 | +25.1% |
| Profit (loss) for the period | 9904 | €28,825 | €33,459 | +€4,634 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,825 | €33,459 | +€4,634 | +16.1% |
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.