Melius: 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.
Melius
Largest movements
- Receivables within one year -€20,211
down €20,211 (-37.6%), from €53,798 to €33,587
of which Trade receivables: -€32,344
- Cash +€9,377
up €9,377 (+161.1%), from €5,821 to €15,198
mainly Receivables within one year (+€20,211) and Short-term financial debts (+€8,012)
- Tangible fixed assets -€3,141
down €3,141 (-9.2%), from €34,085 to €30,944
- Stocks and contracts -€2,786
down €2,786 (-23.0%), from €12,132 to €9,347
- Debts after one year -€22,513
down €22,513 (-39.8%), from €56,589 to €34,075
- Tax, wage and social debts -€14,296
down €14,296 (-84.3%), from €16,950 to €2,654
of which Taxes: -€15,596
- Short-term financial debts +€8,012
up €8,012 (+61.3%), from €13,078 to €21,090
- Other debts +€7,040
up €7,040 (+5372.5%), from €131 to €7,171
- Trade debts +€4,146
up €4,146 (+34.6%), from €11,985 to €16,130
- Gross operating margin -€38,593
down €38,593 (-73.8%), from €52,275 to €13,681
- Write-downs -€13,200
down €13,200 (-100.0%), from €13,200 to €0
- Taxes -€4,639
down €4,639 (-53.6%), from €8,647 to €4,008
- Other operating charges -€713
down €713 (-42.7%), from €1,670 to €957
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 | €256,441 | €241,368 | -€15,074 | -5.9% |
| Fixed assets | 21/28 | €184,085 | €180,944 | -€3,141 | -1.7% |
| Tangible fixed assets | 22/27 | €34,085 | €30,944 | -€3,141 | -9.2% |
| Plant, machinery and equipment | 23 | €985 | €284 | -€701 | -71.2% |
| Furniture and vehicles | 24 | €2,998 | €2,125 | -€873 | -29.1% |
| Other tangible fixed assets | 26 | €30,102 | €28,535 | -€1,567 | -5.2% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €72,356 | €60,423 | -€11,933 | -16.5% |
| Amounts receivable after more than one year | 29 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 291 | - | €1,000 | +€1,000 | |
| Stocks and contracts in progress | 3 | €12,132 | €9,347 | -€2,786 | -23.0% |
| Stocks | 30/36 | €12,132 | €9,347 | -€2,786 | -23.0% |
| Amounts receivable within one year | 40/41 | €53,798 | €33,587 | -€20,211 | -37.6% |
| Trade receivables | 40 | €41,994 | €9,650 | -€32,344 | -77.0% |
| Other amounts receivable | 41 | €11,804 | €23,937 | +€12,133 | +102.8% |
| Cash at bank and in hand | 54/58 | €5,821 | €15,198 | +€9,377 | +161.1% |
| Deferred charges and accrued income | 490/1 | €604 | €1,291 | +€687 | +113.6% |
| Total equity and liabilities | 10/49 | €256,441 | €241,368 | -€15,074 | -5.9% |
| Equity | 10/15 | €135,670 | €137,031 | +€1,361 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,070 | €118,431 | +€1,361 | +1.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,210 | €116,571 | +€1,361 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €120,772 | €104,336 | -€16,435 | -13.6% |
| Amounts payable after more than one year | 17 | €56,589 | €34,075 | -€22,513 | -39.8% |
| Financial debts | 170/4 | €56,589 | €34,075 | -€22,513 | -39.8% |
| Amounts payable within one year | 42/48 | €64,183 | €69,558 | +€5,375 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €22,039 | €22,513 | +€474 | +2.2% |
| Financial debts | 43 | €13,078 | €21,090 | +€8,012 | +61.3% |
| Credit institutions | 430/8 | €13,078 | €21,090 | +€8,012 | +61.3% |
| Trade debts | 44 | €11,985 | €16,130 | +€4,146 | +34.6% |
| Suppliers | 440/4 | €11,985 | €16,130 | +€4,146 | +34.6% |
| Taxes, remuneration and social security | 45 | €16,950 | €2,654 | -€14,296 | -84.3% |
| Taxes | 450/3 | €16,950 | €1,354 | -€15,596 | -92.0% |
| Remuneration and social security | 454/9 | €0 | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €131 | €7,171 | +€7,040 | +5372.5% |
| Accrued charges and deferred income | 492/3 | €0 | €703 | +€703 | |
| Non-recurring operating income | 76A | €294 | €0 | -€294 | -100.0% |
| Remuneration, social security and pensions | 62 | €250 | €8 | -€242 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,149 | €5,336 | +€188 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,200 | €0 | -€13,200 | -100.0% |
| Other operating charges | 640/8 | €1,670 | €957 | -€713 | -42.7% |
| Non-recurring operating charges | 66A | €2,809 | €0 | -€2,809 | -100.0% |
| Gross operating margin | 9900 | €52,275 | €13,681 | -€38,593 | -73.8% |
| Operating profit (loss) | 9901 | €29,197 | €7,380 | -€21,818 | -74.7% |
| Financial income | 75/76B | €23 | €43 | +€19 | +83.1% |
| Recurring financial income | 75 | €23 | €43 | +€19 | +83.1% |
| Financial charges | 65/66B | €2,573 | €2,053 | -€520 | -20.2% |
| Recurring financial charges | 65 | €2,573 | €2,053 | -€520 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €26,647 | €5,369 | -€21,278 | -79.9% |
| Income taxes | 67/77 | €8,647 | €4,008 | -€4,639 | -53.6% |
| Profit (loss) for the period | 9904 | €18,000 | €1,361 | -€16,639 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,000 | €1,361 | -€16,639 | -92.4% |
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.