MELIVAS: 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.
MELIVAS
Largest movements
- Cash +€95,525
up €95,525 (+1253.7%), from €7,619 to €103,145
mainly Net result for the year (+€138,122) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Receivables within one year -€19,530
down €19,530 (-26.5%), from €73,821 to €54,291
- Tangible fixed assets -€4,353
down €4,353 (-33.8%), from €12,891 to €8,538
of which Furniture and vehicles: -€2,524
- Deferred charges and accrued income -€2,118
down €2,118 (-25.3%), from €8,385 to €6,268
- Tax, wage and social debts +€11,044
up €11,044 (+56.1%), from €19,672 to €30,716
- Reserves +€6,935
up €6,935 (+5.3%), from €131,187 to €138,122
- Gross operating margin +€10,303
up €10,303 (+5.9%), from €174,924 to €185,227
- Taxes +€2,289
up €2,289 (+6.0%), from €38,350 to €40,639
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 | €152,716 | €172,241 | +€19,525 | +12.8% |
| Fixed assets | 21/28 | €12,891 | €8,538 | -€4,353 | -33.8% |
| Tangible fixed assets | 22/27 | €12,891 | €8,538 | -€4,353 | -33.8% |
| Plant, machinery and equipment | 23 | €5,382 | €3,554 | -€1,828 | -34.0% |
| Furniture and vehicles | 24 | €7,509 | €4,984 | -€2,524 | -33.6% |
| Current assets | 29/58 | €139,826 | €163,703 | +€23,877 | +17.1% |
| Amounts receivable within one year | 40/41 | €73,821 | €54,291 | -€19,530 | -26.5% |
| Trade receivables | 40 | €73,821 | €54,291 | -€19,530 | -26.5% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,619 | €103,145 | +€95,525 | +1253.7% |
| Deferred charges and accrued income | 490/1 | €8,385 | €6,268 | -€2,118 | -25.3% |
| Total equity and liabilities | 10/49 | €152,716 | €172,241 | +€19,525 | +12.8% |
| Equity | 10/15 | €132,187 | €139,122 | +€6,935 | +5.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €131,187 | €138,122 | +€6,935 | +5.3% |
| Distributable reserves | 133 | €131,187 | €138,122 | +€6,935 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,529 | €33,119 | +€12,590 | +61.3% |
| Amounts payable within one year | 42/48 | €20,529 | €33,119 | +€12,590 | +61.3% |
| Trade debts | 44 | €452 | €2,010 | +€1,558 | +344.6% |
| Suppliers | 440/4 | €452 | €2,010 | +€1,558 | +344.6% |
| Taxes, remuneration and social security | 45 | €19,672 | €30,716 | +€11,044 | +56.1% |
| Taxes | 450/3 | €19,672 | €30,716 | +€11,044 | +56.1% |
| Other amounts payable | 47/48 | €405 | €393 | -€12 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,479 | €4,353 | -€126 | -2.8% |
| Other operating charges | 640/8 | €708 | €1,017 | +€309 | +43.6% |
| Gross operating margin | 9900 | €174,924 | €185,227 | +€10,303 | +5.9% |
| Operating profit (loss) | 9901 | €169,737 | €179,858 | +€10,120 | +6.0% |
| Financial income | 75/76B | €1,538 | €353 | -€1,186 | -77.1% |
| Recurring financial income | 75 | €1,538 | €353 | -€1,186 | -77.1% |
| Financial charges | 65/66B | €1,739 | €1,450 | -€289 | -16.6% |
| Recurring financial charges | 65 | €1,739 | €1,450 | -€289 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €169,537 | €178,761 | +€9,224 | +5.4% |
| Income taxes | 67/77 | €38,350 | €40,639 | +€2,289 | +6.0% |
| Profit (loss) for the period | 9904 | €131,187 | €138,122 | +€6,935 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €131,187 | €138,122 | +€6,935 | +5.3% |
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 6 October 2026 via checked.be.