MELISSA CARDON: what changed
MELISSA CARDON
Largest movements
- Cash -€8,786
no longer reported in 2025 (was €8,786)
mainly Net result for the year (-€13,592) and Debts after one year (-€5,051)
- Tangible fixed assets -€6,741
down €6,741 (-26.9%), from €25,059 to €18,318
- Receivables within one year -€1,847
down €1,847 (-14.3%), from €12,900 to €11,054
of which Other amounts receivable: -€1,680
- Profit (loss) carried forward -€13,592
down €13,592, from €1,572 to -€12,021
- Debts after one year -€5,051
down €5,051 (-27.7%), from €18,212 to €13,162
- Trade debts +€693
new in 2025: €693
- Gross operating margin -€32,699
down €32,699, from €27,286 to -€5,413
- Taxes -€6,991
down €6,991 (-96.5%), from €7,243 to €251
- Depreciation +€1,696
up €1,696 (+33.6%), from €5,045 to €6,741
- Financial charges -€755
down €755 (-42.9%), from €1,761 to €1,005
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 | €46,789 | €29,560 | -€17,229 | -36.8% |
| Fixed assets | 21/28 | €25,059 | €18,318 | -€6,741 | -26.9% |
| Tangible fixed assets | 22/27 | €25,059 | €18,318 | -€6,741 | -26.9% |
| Furniture and vehicles | 24 | €25,059 | €18,318 | -€6,741 | -26.9% |
| Current assets | 29/58 | €21,730 | €11,242 | -€10,488 | -48.3% |
| Amounts receivable within one year | 40/41 | €12,900 | €11,054 | -€1,847 | -14.3% |
| Trade receivables | 40 | €167 | - | -€167 | |
| Other amounts receivable | 41 | €12,734 | €11,054 | -€1,680 | -13.2% |
| Cash at bank and in hand | 54/58 | €8,786 | - | -€8,786 | |
| Deferred charges and accrued income | 490/1 | €44 | €188 | +€144 | +327% |
| Total equity and liabilities | 10/49 | €46,789 | €29,560 | -€17,229 | -36.8% |
| Equity | 10/15 | €16,372 | €2,779 | -€13,592 | -83.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,800 | €12,800 | = | 0.0% |
| Distributable reserves | 133 | €12,800 | €12,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,572 | -€12,021 | -€13,592 | |
| Amounts payable | 17/49 | €30,418 | €26,781 | -€3,637 | -12.0% |
| Amounts payable after more than one year | 17 | €18,212 | €13,162 | -€5,051 | -27.7% |
| Financial debts | 170/4 | €18,212 | €13,162 | -€5,051 | -27.7% |
| Amounts payable within one year | 42/48 | €12,205 | €13,238 | +€1,032 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €4,834 | €5,051 | +€217 | +4.5% |
| Trade debts | 44 | - | €693 | +€693 | |
| Suppliers | 440/4 | - | €693 | +€693 | |
| Taxes, remuneration and social security | 45 | €7,372 | €7,494 | +€122 | +1.7% |
| Taxes | 450/3 | €7,372 | €7,494 | +€122 | +1.7% |
| Accrued charges and deferred income | 492/3 | - | €381 | +€381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,045 | €6,741 | +€1,696 | +33.6% |
| Other operating charges | 640/8 | €436 | €182 | -€254 | -58.3% |
| Gross operating margin | 9900 | €27,286 | -€5,413 | -€32,699 | |
| Operating profit (loss) | 9901 | €21,805 | -€12,336 | -€34,141 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,761 | €1,005 | -€755 | -42.9% |
| Recurring financial charges | 65 | €1,761 | €1,005 | -€755 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €20,047 | -€13,341 | -€33,388 | |
| Income taxes | 67/77 | €7,243 | €251 | -€6,991 | -96.5% |
| Profit (loss) for the period | 9904 | €12,805 | -€13,592 | -€26,397 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,805 | -€13,592 | -€26,397 |
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 7 November 2026 via checked.be.