MELISSE: what changed
Two fiscal 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.
MELISSE
Largest movements
- Receivables within one year -€22,739
down €22,739 (-8.2%), from €276,900 to €254,161
- Debts after one year -€65,162
down €65,162 (-33.4%), from €195,095 to €129,933
- Profit (loss) carried forward +€62,695
up €62,695 (+22.1%), from €283,672 to €346,367
- Current portion of long-term debt -€60,456
down €60,456 (-48.1%), from €125,618 to €65,162
- Other debts +€49,946
up €49,946 (+5.1%), from €973,904 to €1.0m
- Financial charges -€5,997
down €5,997 (-43.1%), from €13,915 to €7,918
- Taxes -€5,607
down €5,607 (-22.3%), from €25,121 to €19,513
- Gross operating margin -€3,598
down €3,598 (-3.7%), from €96,369 to €92,771
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.
Cash bridge derived
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 | €2,039,069 | €2,015,974 | -€23,095 | -1.1% |
| Fixed assets | 21/28 | €1,762,078 | €1,761,228 | -€850 | 0.0% |
| Tangible fixed assets | 22/27 | €2,578 | €1,728 | -€850 | -33.0% |
| Plant, machinery and equipment | 23 | €2,123 | €1,444 | -€679 | -32.0% |
| Furniture and vehicles | 24 | €455 | €284 | -€171 | -37.6% |
| Financial fixed assets | 28 | €1,759,500 | €1,759,500 | = | 0.0% |
| Current assets | 29/58 | €276,992 | €254,746 | -€22,245 | -8.0% |
| Amounts receivable within one year | 40/41 | €276,900 | €254,161 | -€22,739 | -8.2% |
| Other amounts receivable | 41 | €276,900 | €254,161 | -€22,739 | -8.2% |
| Cash at bank and in hand | 54/58 | €92 | €585 | +€493 | +535.1% |
| Total equity and liabilities | 10/49 | €2,039,069 | €2,015,974 | -€23,095 | -1.1% |
| Equity | 10/15 | €707,548 | €770,244 | +€62,695 | +8.9% |
| Contributions | 10/11 | €259,180 | €259,180 | = | 0.0% |
| Reserves | 13 | €164,697 | €164,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,918 | €25,918 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,918 | €25,918 | = | 0.0% |
| Distributable reserves | 133 | €138,779 | €138,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,672 | €346,367 | +€62,695 | +22.1% |
| Amounts payable | 17/49 | €1,331,521 | €1,245,731 | -€85,791 | -6.4% |
| Amounts payable after more than one year | 17 | €195,095 | €129,933 | -€65,162 | -33.4% |
| Financial debts | 170/4 | €195,095 | €129,933 | -€65,162 | -33.4% |
| Amounts payable within one year | 42/48 | €1,135,656 | €1,115,028 | -€20,629 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €125,618 | €65,162 | -€60,456 | -48.1% |
| Trade debts | 44 | €13,404 | €17,016 | +€3,612 | +26.9% |
| Suppliers | 440/4 | €13,404 | €17,016 | +€3,612 | +26.9% |
| Taxes, remuneration and social security | 45 | €22,730 | €9,001 | -€13,729 | -60.4% |
| Taxes | 450/3 | €22,730 | €9,001 | -€13,729 | -60.4% |
| Other amounts payable | 47/48 | €973,904 | €1,023,849 | +€49,946 | +5.1% |
| Accrued charges and deferred income | 492/3 | €770 | €770 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €823 | €850 | +€26 | +3.2% |
| Other operating charges | 640/8 | €821 | €294 | -€528 | -64.2% |
| Gross operating margin | 9900 | €96,369 | €92,771 | -€3,598 | -3.7% |
| Operating profit (loss) | 9901 | €94,724 | €91,627 | -€3,097 | -3.3% |
| Financial charges | 65/66B | €13,915 | €7,918 | -€5,997 | -43.1% |
| Recurring financial charges | 65 | €13,915 | €7,918 | -€5,997 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €80,809 | €83,709 | +€2,900 | +3.6% |
| Income taxes | 67/77 | €25,121 | €19,513 | -€5,607 | -22.3% |
| Profit (loss) for the period | 9904 | €55,688 | €64,195 | +€8,507 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,688 | €64,195 | +€8,507 | +15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.