MELLIVORA CAPENSIS: what changed
Two financial 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.
MELLIVORA CAPENSIS
Largest movements
- Cash -€143,226
down €143,226 (-82.9%), from €172,871 to €29,646
mainly Current investments (-€89,343) and Receivables after one year (-€50,403)
- Current investments +€89,343
new in 2025: €89,343
- Receivables after one year +€50,403
new in 2025: €50,403
- Receivables within one year +€26,371
up €26,371 (+192%), from €13,755 to €40,126
of which Trade receivables: +€17,894
- Reserves +€20,660
up €20,660 (+12.8%), from €161,126 to €181,786
- Other debts +€3,554
up €3,554 (+18.6%), from €19,147 to €22,701
- Gross operating margin -€49,319
down €49,319 (-59.1%), from €83,496 to €34,176
- Taxes -€8,561
down €8,561 (-41.9%), from €20,415 to €11,854
- Depreciation -€7,069
down €7,069 (-75.9%), from €9,320 to €2,250
- Financial income +€1,249
new in 2025: €1,249
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.
Derived cash bridge
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 | €198,152 | €220,572 | +€22,421 | +11.3% |
| Fixed assets | 21/28 | €11,525 | €11,055 | -€470 | -4.1% |
| Tangible fixed assets | 22/27 | €11,525 | €11,055 | -€470 | -4.1% |
| Plant, machinery and equipment | 23 | €925 | €1,780 | +€855 | +92.4% |
| Furniture and vehicles | 24 | €10,600 | €9,275 | -€1,325 | -12.5% |
| Current assets | 29/58 | €186,627 | €209,518 | +€22,891 | +12.3% |
| Amounts receivable after more than one year | 29 | - | €50,403 | +€50,403 | |
| Other amounts receivable | 291 | - | €50,403 | +€50,403 | |
| Amounts receivable within one year | 40/41 | €13,755 | €40,126 | +€26,371 | +192% |
| Trade receivables | 40 | €8,460 | €26,354 | +€17,894 | +212% |
| Other amounts receivable | 41 | €5,295 | €13,772 | +€8,477 | +160% |
| Current investments | 50/53 | - | €89,343 | +€89,343 | |
| Cash at bank and in hand | 54/58 | €172,871 | €29,646 | -€143,226 | -82.9% |
| Total equity and liabilities | 10/49 | €198,152 | €220,572 | +€22,421 | +11.3% |
| Equity | 10/15 | €176,126 | €196,786 | +€20,660 | +11.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €161,126 | €181,786 | +€20,660 | +12.8% |
| Distributable reserves | 133 | €161,126 | €181,786 | +€20,660 | +12.8% |
| Amounts payable | 17/49 | €22,026 | €23,786 | +€1,760 | +8.0% |
| Amounts payable within one year | 42/48 | €22,026 | €23,786 | +€1,760 | +8.0% |
| Trade debts | 44 | €2,879 | €1,085 | -€1,793 | -62.3% |
| Suppliers | 440/4 | €2,879 | €1,085 | -€1,793 | -62.3% |
| Other amounts payable | 47/48 | €19,147 | €22,701 | +€3,554 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,320 | €2,250 | -€7,069 | -75.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €83,496 | €34,176 | -€49,319 | -59.1% |
| Operating profit (loss) | 9901 | €73,671 | €31,406 | -€42,264 | -57.4% |
| Financial income | 75/76B | - | €1,249 | +€1,249 | |
| Recurring financial income | 75 | - | €1,249 | +€1,249 | |
| Financial charges | 65/66B | €297 | €141 | -€157 | -52.8% |
| Recurring financial charges | 65 | €297 | €141 | -€157 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €73,373 | €32,514 | -€40,859 | -55.7% |
| Income taxes | 67/77 | €20,415 | €11,854 | -€8,561 | -41.9% |
| Profit (loss) for the period | 9904 | €52,958 | €20,660 | -€32,298 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,958 | €20,660 | -€32,298 | -61.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.