MELLEK: 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.
MELLEK
Largest movements
- Receivables within one year +€32,903
up €32,903 (+35.2%), from €93,435 to €126,338
of which Trade receivables: +€29,529
- Stocks and contracts -€23,250
down €23,250 (-34.9%), from €66,696 to €43,446
- Cash +€16,837
up €16,837 (+401.8%), from €4,190 to €21,027
mainly Stocks and contracts (+€23,250) and Trade debts (+€22,185)
- Other debts -€27,629
down €27,629 (-49.0%), from €56,350 to €28,721
- Trade debts +€22,185
up €22,185 (+45.9%), from €48,280 to €70,464
- Tax, wage and social debts +€18,251
up €18,251 (+222.6%), from €8,198 to €26,449
of which Remuneration and social security: +€12,082
- Profit (loss) carried forward +€13,683
up €13,683 (+69.1%), from -€19,806 to -€6,123
- Staff costs +€16,937
up €16,937 (+116.3%), from €14,564 to €31,500
- Gross operating margin +€7,186
up €7,186 (+18.5%), from €38,790 to €45,976
- Depreciation -€2,369
no longer reported in 2025 (was €2,369)
- Other operating charges -€1,700
no longer reported in 2025 (was €1,700)
- Financial charges -€1,507
down €1,507 (-73.0%), from €2,064 to €557
of which Financial charges: -€1,449
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 | €164,322 | €190,811 | +€26,490 | +16.1% |
| Current assets | 29/58 | €164,322 | €190,811 | +€26,490 | +16.1% |
| Stocks and contracts in progress | 3 | €66,696 | €43,446 | -€23,250 | -34.9% |
| Stocks | 30/36 | €66,696 | €43,446 | -€23,250 | -34.9% |
| Amounts receivable within one year | 40/41 | €93,435 | €126,338 | +€32,903 | +35.2% |
| Trade receivables | 40 | €88,060 | €117,589 | +€29,529 | +33.5% |
| Other amounts receivable | 41 | €5,376 | €8,749 | +€3,373 | +62.8% |
| Cash at bank and in hand | 54/58 | €4,190 | €21,027 | +€16,837 | +401.8% |
| Total equity and liabilities | 10/49 | €164,322 | €190,811 | +€26,490 | +16.1% |
| Equity | 10/15 | -€1,206 | €12,477 | +€13,683 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,806 | -€6,123 | +€13,683 | +69.1% |
| Amounts payable | 17/49 | €165,527 | €178,334 | +€12,807 | +7.7% |
| Amounts payable within one year | 42/48 | €165,527 | €178,334 | +€12,807 | +7.7% |
| Financial debts | 43 | €149 | €149 | = | 0.0% |
| Credit institutions | 430/8 | €149 | €149 | = | 0.0% |
| Trade debts | 44 | €48,280 | €70,464 | +€22,185 | +45.9% |
| Suppliers | 440/4 | €48,280 | €70,464 | +€22,185 | +45.9% |
| Advances received on contracts in progress | 46 | €52,550 | €52,550 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,198 | €26,449 | +€18,251 | +222.6% |
| Taxes | 450/3 | €130 | €6,299 | +€6,169 | +4743.1% |
| Remuneration and social security | 454/9 | €8,068 | €20,150 | +€12,082 | +149.7% |
| Other amounts payable | 47/48 | €56,350 | €28,721 | -€27,629 | -49.0% |
| Remuneration, social security and pensions | 62 | €14,564 | €31,500 | +€16,937 | +116.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,369 | - | -€2,369 | |
| Other operating charges | 640/8 | €1,700 | - | -€1,700 | |
| Gross operating margin | 9900 | €38,790 | €45,976 | +€7,186 | +18.5% |
| Operating profit (loss) | 9901 | €20,158 | €14,476 | -€5,682 | -28.2% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €2,064 | €557 | -€1,507 | -73.0% |
| Recurring financial charges | 65 | €2,006 | €557 | -€1,449 | -72.2% |
| Non-recurring financial charges | 66B | €58 | - | -€58 | |
| Profit (loss) for the period before taxes | 9903 | €18,094 | €13,986 | -€4,108 | -22.7% |
| Income taxes | 67/77 | €645 | €303 | -€342 | -53.0% |
| Profit (loss) for the period | 9904 | €17,449 | €13,683 | -€3,766 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,449 | €13,683 | -€3,766 | -21.6% |
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 2 October 2026 via checked.be.