MELIS BOUW: 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.
MELIS BOUW
Largest movements
- Cash +€133,229
up €133,229 (+179%), from €74,274 to €207,502
mainly Other debts (+€501,028) and Receivables within one year (+€56,297)
- Stocks and contracts +€132,619
up €132,619 (+102%), from €130,630 to €263,249
- Receivables within one year -€56,297
down €56,297 (-60.6%), from €92,825 to €36,528
of which Trade receivables: -€49,350
- Tangible fixed assets +€50,229
up €50,229 (+584%), from €8,597 to €58,826
of which Furniture and vehicles: +€44,969
- Other debts +€501,028
up €501,028 (+1,253%), from €40,001 to €541,029
- Profit (loss) carried forward -€171,521
down €171,521 (-131%), from -€130,615 to -€302,136
- Trade debts -€78,855
down €78,855 (-81.5%), from €96,805 to €17,950
- Financial charges -€6,507
down €6,507 (-99.0%), from €6,570 to €63
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 | €330,391 | €585,243 | +€254,852 | +77.1% |
| Fixed assets | 21/28 | €8,597 | €58,826 | +€50,229 | +584% |
| Tangible fixed assets | 22/27 | €8,597 | €58,826 | +€50,229 | +584% |
| Plant, machinery and equipment | 23 | €8,597 | €13,857 | +€5,260 | +61.2% |
| Furniture and vehicles | 24 | - | €44,969 | +€44,969 | |
| Current assets | 29/58 | €321,794 | €526,418 | +€204,624 | +63.6% |
| Stocks and contracts in progress | 3 | €130,630 | €263,249 | +€132,619 | +102% |
| Stocks | 30/36 | €130,630 | €263,249 | +€132,619 | +102% |
| Amounts receivable within one year | 40/41 | €92,825 | €36,528 | -€56,297 | -60.6% |
| Trade receivables | 40 | €49,700 | €350 | -€49,350 | -99.3% |
| Other amounts receivable | 41 | €43,124 | €36,178 | -€6,946 | -16.1% |
| Cash at bank and in hand | 54/58 | €74,274 | €207,502 | +€133,229 | +179% |
| Deferred charges and accrued income | 490/1 | €24,065 | €19,139 | -€4,927 | -20.5% |
| Total equity and liabilities | 10/49 | €330,391 | €585,243 | +€254,852 | +77.1% |
| Equity | 10/15 | -€110,615 | -€282,136 | -€171,521 | -155% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,615 | -€302,136 | -€171,521 | -131% |
| Amounts payable | 17/49 | €441,006 | €867,380 | +€426,374 | +96.7% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €141,006 | €567,380 | +€426,374 | +302% |
| Trade debts | 44 | €96,805 | €17,950 | -€78,855 | -81.5% |
| Suppliers | 440/4 | €96,805 | €17,950 | -€78,855 | -81.5% |
| Taxes, remuneration and social security | 45 | €4,200 | €8,400 | +€4,200 | +100% |
| Taxes | 450/3 | €4,200 | €8,400 | +€4,200 | +100% |
| Other amounts payable | 47/48 | €40,001 | €541,029 | +€501,028 | +1,253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €1,440 | +€860 | +148% |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116% |
| Gross operating margin | 9900 | -€168,564 | -€168,876 | -€312 | -0.2% |
| Operating profit (loss) | 9901 | -€169,672 | -€171,459 | -€1,787 | -1.1% |
| Financial charges | 65/66B | €6,570 | €63 | -€6,507 | -99.0% |
| Recurring financial charges | 65 | €6,570 | €63 | -€6,507 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€176,242 | -€171,521 | +€4,721 | +2.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€176,242 | -€171,521 | +€4,721 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€176,242 | -€171,521 | +€4,721 | +2.7% |
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 27 October 2026 via checked.be.