MELIOS: what changed
MELIOS
Largest movements
- Cash +€61,568
up €61,568 (+120%), from €51,289 to €112,857
mainly Other debts (+€210,132) and Net result for the year (+€84,604)
- Receivables within one year +€10,404
up €10,404 (+4.8%), from €215,367 to €225,771
of which Other amounts receivable: +€16,021
- Tangible fixed assets -€8,464
down €8,464 (-4.1%), from €204,347 to €195,883
of which Land and buildings: -€6,156
- Other debts +€210,132
new in 2025: €210,132
- Reserves -€125,528
down €125,528 (-36.4%), from €344,949 to €219,421
- Debts after one year -€17,613
down €17,613 (-19.4%), from €90,704 to €73,091
- Trade debts -€9,931
down €9,931 (-70.9%), from €14,011 to €4,081
- Gross operating margin +€41,572
up €41,572 (+52.6%), from €78,978 to €120,549
- Taxes +€12,092
up €12,092 (+53.4%), from €22,650 to €34,742
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €483,063 | €544,757 | +€61,694 | +12.8% |
| Fixed assets | 21/28 | €204,347 | €195,883 | -€8,464 | -4.1% |
| Tangible fixed assets | 22/27 | €204,347 | €195,883 | -€8,464 | -4.1% |
| Land and buildings | 22 | €199,293 | €193,136 | -€6,156 | -3.1% |
| Plant, machinery and equipment | 23 | €1,291 | €1,009 | -€282 | -21.8% |
| Furniture and vehicles | 24 | €3,763 | €1,737 | -€2,025 | -53.8% |
| Current assets | 29/58 | €278,716 | €348,874 | +€70,158 | +25.2% |
| Amounts receivable within one year | 40/41 | €215,367 | €225,771 | +€10,404 | +4.8% |
| Trade receivables | 40 | €36,896 | €31,280 | -€5,616 | -15.2% |
| Other amounts receivable | 41 | €178,471 | €194,492 | +€16,021 | +9.0% |
| Cash at bank and in hand | 54/58 | €51,289 | €112,857 | +€61,568 | +120% |
| Deferred charges and accrued income | 490/1 | €12,060 | €10,246 | -€1,815 | -15.0% |
| Total equity and liabilities | 10/49 | €483,063 | €544,757 | +€61,694 | +12.8% |
| Equity | 10/15 | €347,949 | €222,421 | -€125,528 | -36.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €344,949 | €219,421 | -€125,528 | -36.4% |
| Distributable reserves | 133 | €344,949 | €219,421 | -€125,528 | -36.4% |
| Amounts payable | 17/49 | €135,115 | €322,336 | +€187,222 | +139% |
| Amounts payable after more than one year | 17 | €90,704 | €73,091 | -€17,613 | -19.4% |
| Financial debts | 170/4 | €90,704 | €73,091 | -€17,613 | -19.4% |
| Amounts payable within one year | 42/48 | €44,410 | €249,245 | +€204,835 | +461% |
| Current portion of amounts payable after more than one year | 42 | €17,356 | €17,613 | +€257 | +1.5% |
| Trade debts | 44 | €14,011 | €4,081 | -€9,931 | -70.9% |
| Suppliers | 440/4 | €14,011 | €4,081 | -€9,931 | -70.9% |
| Taxes, remuneration and social security | 45 | €13,043 | €17,419 | +€4,376 | +33.6% |
| Taxes | 450/3 | €13,043 | €17,419 | +€4,376 | +33.6% |
| Other amounts payable | 47/48 | - | €210,132 | +€210,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,210 | €8,190 | -€20 | -0.2% |
| Other operating charges | 640/8 | €1,268 | €1,055 | -€213 | -16.8% |
| Gross operating margin | 9900 | €78,978 | €120,549 | +€41,572 | +52.6% |
| Operating profit (loss) | 9901 | €69,500 | €111,304 | +€41,804 | +60.1% |
| Financial income | 75/76B | €10,440 | €10,297 | -€143 | -1.4% |
| Recurring financial income | 75 | €10,440 | €10,297 | -€143 | -1.4% |
| Financial charges | 65/66B | €2,547 | €2,255 | -€292 | -11.5% |
| Recurring financial charges | 65 | €2,547 | €2,255 | -€292 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €77,393 | €119,347 | +€41,953 | +54.2% |
| Income taxes | 67/77 | €22,650 | €34,742 | +€12,092 | +53.4% |
| Profit (loss) for the period | 9904 | €54,743 | €84,604 | +€29,861 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,743 | €84,604 | +€29,861 | +54.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.