Melis Management Group: 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 Management Group
Largest movements
- Tangible fixed assets +€237,364
up €237,364 (+1,825%), from €13,003 to €250,367
of which Land and buildings: +€232,204
- Receivables within one year -€37,155
down €37,155 (-57.1%), from €65,047 to €27,892
of which Other amounts receivable: -€35,716
- Cash -€8,997
down €8,997 (-12.2%), from €73,973 to €64,975
mainly Investment in fixed assets (net) (-€264,447) and Contributions, distributions and other (-€117,647)
- Debts after one year +€183,004
new in 2025: €183,004
- Reserves -€47,904
down €47,904 (-27.0%), from €177,450 to €129,546
of which Distributable reserves: -€47,904
- Tax, wage and social debts +€28,038
up €28,038 (+166%), from €16,869 to €44,907
of which Taxes: +€16,938
- Other debts +€21,298
up €21,298 (+523%), from €4,070 to €25,368
- Trade debts +€7,636
up €7,636 (+1,139%), from €671 to €8,307
- Gross operating margin +€53,582
up €53,582 (+79.1%), from €67,723 to €121,304
- Depreciation +€15,573
up €15,573 (+135%), from €11,510 to €27,083
- Taxes +€7,467
up €7,467 (+55.8%), from €13,374 to €20,841
- Financial charges +€2,621
up €2,621 (+708%), from €370 to €2,991
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 | €239,602 | €431,132 | +€191,530 | +79.9% |
| Fixed assets | 21/28 | €100,503 | €337,867 | +€237,364 | +236% |
| Tangible fixed assets | 22/27 | €13,003 | €250,367 | +€237,364 | +1,825% |
| Land and buildings | 22 | - | €232,204 | +€232,204 | |
| Plant, machinery and equipment | 23 | €941 | €573 | -€368 | -39.1% |
| Furniture and vehicles | 24 | €12,062 | €17,590 | +€5,528 | +45.8% |
| Financial fixed assets | 28 | €87,500 | €87,500 | = | 0.0% |
| Current assets | 29/58 | €139,099 | €93,264 | -€45,835 | -33.0% |
| Amounts receivable within one year | 40/41 | €65,047 | €27,892 | -€37,155 | -57.1% |
| Trade receivables | 40 | €29,330 | €27,891 | -€1,439 | -4.9% |
| Other amounts receivable | 41 | €35,717 | €1 | -€35,716 | -100.0% |
| Cash at bank and in hand | 54/58 | €73,973 | €64,975 | -€8,997 | -12.2% |
| Deferred charges and accrued income | 490/1 | €79 | €397 | +€318 | +401% |
| Total equity and liabilities | 10/49 | €239,602 | €431,132 | +€191,530 | +79.9% |
| Equity | 10/15 | €217,450 | €169,546 | -€47,904 | -22.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €177,450 | €129,546 | -€47,904 | -27.0% |
| Tax-exempt reserves | 132 | €6,027 | €6,027 | = | 0.0% |
| Distributable reserves | 133 | €171,424 | €123,519 | -€47,904 | -27.9% |
| Amounts payable | 17/49 | €22,152 | €261,586 | +€239,434 | +1,081% |
| Amounts payable after more than one year | 17 | - | €183,004 | +€183,004 | |
| Financial debts | 170/4 | - | €183,004 | +€183,004 | |
| Amounts payable within one year | 42/48 | €21,609 | €78,582 | +€56,973 | +264% |
| Trade debts | 44 | €671 | €8,307 | +€7,636 | +1,139% |
| Suppliers | 440/4 | €671 | €8,307 | +€7,636 | +1,139% |
| Taxes, remuneration and social security | 45 | €16,869 | €44,907 | +€28,038 | +166% |
| Taxes | 450/3 | €16,869 | €33,807 | +€16,938 | +100% |
| Remuneration and social security | 454/9 | - | €11,100 | +€11,100 | |
| Other amounts payable | 47/48 | €4,070 | €25,368 | +€21,298 | +523% |
| Accrued charges and deferred income | 492/3 | €543 | - | -€543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,510 | €27,083 | +€15,573 | +135% |
| Other operating charges | 640/8 | €1,192 | €797 | -€395 | -33.1% |
| Gross operating margin | 9900 | €67,723 | €121,304 | +€53,582 | +79.1% |
| Operating profit (loss) | 9901 | €55,020 | €93,424 | +€38,404 | +69.8% |
| Financial income | 75/76B | €1,230 | €150 | -€1,080 | -87.8% |
| Recurring financial income | 75 | €1,230 | €150 | -€1,080 | -87.8% |
| Financial charges | 65/66B | €370 | €2,991 | +€2,621 | +708% |
| Recurring financial charges | 65 | €370 | €2,991 | +€2,621 | +708% |
| Profit (loss) for the period before taxes | 9903 | €55,880 | €90,584 | +€34,703 | +62.1% |
| Income taxes | 67/77 | €13,374 | €20,841 | +€7,467 | +55.8% |
| Profit (loss) for the period | 9904 | €42,507 | €69,743 | +€27,236 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,507 | €69,743 | +€27,236 | +64.1% |
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 18 October 2026 via checked.be.