MELLON: 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.
MELLON
Largest movements
- Tangible fixed assets +€12,826
up €12,826 (+13.2%), from €96,976 to €109,802
of which Land and buildings: +€14,329
- Cash -€12,157
down €12,157 (-27.4%), from €44,420 to €32,263
mainly Contributions, distributions and other (-€43,800) and Investment in fixed assets (net) (-€21,103)
- Receivables within one year +€6,651
up €6,651 (+274%), from €2,424 to €9,075
of which Trade receivables: +€9,075
- Other debts +€30,364
up €30,364 (+69.2%), from €43,902 to €74,267
- Debts after one year -€13,619
down €13,619 (-14.1%), from €96,763 to €83,144
- Reserves -€10,134
down €10,134 (-13.7%), from €73,808 to €63,674
- Provisions -€9,560
down €9,560 (-5.1%), from €187,621 to €178,061
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€19,059
up €19,059 (+35.9%), from €53,114 to €72,173
- Depreciation +€2,256
up €2,256 (+37.5%), from €6,021 to €8,277
- Taxes +€2,110
up €2,110 (+23.2%), from €9,076 to €11,186
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 | €432,392 | €439,759 | +€7,368 | +1.7% |
| Fixed assets | 21/28 | €384,476 | €397,302 | +€12,826 | +3.3% |
| Tangible fixed assets | 22/27 | €96,976 | €109,802 | +€12,826 | +13.2% |
| Land and buildings | 22 | €84,045 | €98,374 | +€14,329 | +17.0% |
| Plant, machinery and equipment | 23 | €12,931 | €11,427 | -€1,504 | -11.6% |
| Financial fixed assets | 28 | €287,500 | €287,500 | = | 0.0% |
| Current assets | 29/58 | €47,916 | €42,458 | -€5,458 | -11.4% |
| Amounts receivable within one year | 40/41 | €2,424 | €9,075 | +€6,651 | +274% |
| Trade receivables | 40 | - | €9,075 | +€9,075 | |
| Other amounts receivable | 41 | €2,424 | €0 | -€2,424 | -100% |
| Cash at bank and in hand | 54/58 | €44,420 | €32,263 | -€12,157 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,071 | €1,119 | +€48 | +4.5% |
| Total equity and liabilities | 10/49 | €432,392 | €439,759 | +€7,368 | +1.7% |
| Equity | 10/15 | €86,208 | €82,274 | -€3,934 | -4.6% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €73,808 | €63,674 | -€10,134 | -13.7% |
| Distributable reserves | 133 | €73,808 | €63,674 | -€10,134 | -13.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €187,621 | €178,061 | -€9,560 | -5.1% |
| Provisions for liabilities and charges | 160/5 | €187,621 | €178,061 | -€9,560 | -5.1% |
| Environmental obligations | 163 | €187,621 | €178,061 | -€9,560 | -5.1% |
| Amounts payable | 17/49 | €158,562 | €179,425 | +€20,862 | +13.2% |
| Amounts payable after more than one year | 17 | €96,763 | €83,144 | -€13,619 | -14.1% |
| Financial debts | 170/4 | €96,763 | €83,144 | -€13,619 | -14.1% |
| Amounts payable within one year | 42/48 | €61,799 | €96,281 | +€34,481 | +55.8% |
| Current portion of amounts payable after more than one year | 42 | €13,229 | €13,619 | +€390 | +2.9% |
| Trade debts | 44 | €1,205 | €1,206 | +€1 | +0.1% |
| Suppliers | 440/4 | €1,205 | €1,206 | +€1 | +0.1% |
| Taxes, remuneration and social security | 45 | €3,463 | €7,189 | +€3,726 | +108% |
| Taxes | 450/3 | €1,443 | €5,169 | +€3,726 | +258% |
| Remuneration and social security | 454/9 | €2,020 | €2,020 | = | 0.0% |
| Other amounts payable | 47/48 | €43,902 | €74,267 | +€30,364 | +69.2% |
| Non-recurring operating income | 76A | - | €19,005 | +€19,005 | |
| Remuneration, social security and pensions | 62 | €306 | €153 | -€153 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,021 | €8,277 | +€2,256 | +37.5% |
| Other operating charges | 640/8 | €1,640 | €1,011 | -€628 | -38.3% |
| Gross operating margin | 9900 | €53,114 | €72,173 | +€19,059 | +35.9% |
| Operating profit (loss) | 9901 | €45,147 | €62,732 | +€17,584 | +38.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,626 | €11,680 | +€53 | +0.5% |
| Recurring financial charges | 65 | €11,626 | €11,680 | +€53 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €33,521 | €51,052 | +€17,531 | +52.3% |
| Income taxes | 67/77 | €9,076 | €11,186 | +€2,110 | +23.2% |
| Profit (loss) for the period | 9904 | €24,445 | €39,866 | +€15,421 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,445 | €39,866 | +€15,421 | +63.1% |
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 17 October 2026 via checked.be.