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
- Cash +€32,340
up €32,340 (+599%), from €5,396 to €37,737
mainly Net result for the year (+€20,447) and Tax, wage and social debts (+€5,360)
- Stocks and contracts -€3,898
down €3,898 (-10.4%), from €37,512 to €33,614
- Receivables within one year -€1,088
down €1,088 (-30.5%), from €3,562 to €2,474
of which Other amounts receivable: -€624
- Reserves +€20,447
up €20,447 (+107%), from €19,053 to €39,499
- Tax, wage and social debts +€5,360
up €5,360 (+73.7%), from €7,269 to €12,628
- Trade debts +€3,764
up €3,764 (+298%), from €1,262 to €5,026
- Debts after one year -€2,936
down €2,936 (-27.2%), from €10,809 to €7,873
- Other debts +€1,020
up €1,020 (+375%), from €272 to €1,292
- Gross operating margin +€2,819
up €2,819 (+9.8%), from €28,898 to €31,717
- Financial charges +€1,661
up €1,661 (+185%), from €898 to €2,559
- Depreciation -€608
down €608 (-66.2%), from €918 to €311
- Taxes +€598
up €598 (+8.3%), from €7,243 to €7,841
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 | €46,832 | €74,054 | +€27,221 | +58.1% |
| Formation expenses | 20 | €311 | €0 | -€311 | -100% |
| Current assets | 29/58 | €46,522 | €74,054 | +€27,532 | +59.2% |
| Stocks and contracts in progress | 3 | €37,512 | €33,614 | -€3,898 | -10.4% |
| Stocks | 30/36 | €37,512 | €33,614 | -€3,898 | -10.4% |
| Amounts receivable within one year | 40/41 | €3,562 | €2,474 | -€1,088 | -30.5% |
| Trade receivables | 40 | €2,937 | €2,474 | -€463 | -15.8% |
| Other amounts receivable | 41 | €624 | €0 | -€624 | -100% |
| Cash at bank and in hand | 54/58 | €5,396 | €37,737 | +€32,340 | +599% |
| Deferred charges and accrued income | 490/1 | €52 | €229 | +€177 | +341% |
| Total equity and liabilities | 10/49 | €46,832 | €74,054 | +€27,221 | +58.1% |
| Equity | 10/15 | €21,303 | €41,749 | +€20,447 | +96.0% |
| Contributions | 10/11 | €2,250 | €2,250 | = | 0.0% |
| Reserves | 13 | €19,053 | €39,499 | +€20,447 | +107% |
| Distributable reserves | 133 | €19,053 | €39,499 | +€20,447 | +107% |
| Amounts payable | 17/49 | €25,530 | €32,304 | +€6,775 | +26.5% |
| Amounts payable after more than one year | 17 | €10,809 | €7,873 | -€2,936 | -27.2% |
| Financial debts | 170/4 | €10,809 | €7,873 | -€2,936 | -27.2% |
| Amounts payable within one year | 42/48 | €11,624 | €21,867 | +€10,243 | +88.1% |
| Current portion of amounts payable after more than one year | 42 | €2,822 | €2,921 | +€99 | +3.5% |
| Trade debts | 44 | €1,262 | €5,026 | +€3,764 | +298% |
| Suppliers | 440/4 | €1,262 | €5,026 | +€3,764 | +298% |
| Taxes, remuneration and social security | 45 | €7,269 | €12,628 | +€5,360 | +73.7% |
| Taxes | 450/3 | €7,269 | €12,628 | +€5,360 | +73.7% |
| Other amounts payable | 47/48 | €272 | €1,292 | +€1,020 | +375% |
| Accrued charges and deferred income | 492/3 | €3,097 | €2,564 | -€532 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €918 | €311 | -€608 | -66.2% |
| Other operating charges | 640/8 | €789 | €559 | -€230 | -29.2% |
| Gross operating margin | 9900 | €28,898 | €31,717 | +€2,819 | +9.8% |
| Operating profit (loss) | 9901 | €27,190 | €30,847 | +€3,657 | +13.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €898 | €2,559 | +€1,661 | +185% |
| Recurring financial charges | 65 | €898 | €2,559 | +€1,661 | +185% |
| Profit (loss) for the period before taxes | 9903 | €26,295 | €28,288 | +€1,992 | +7.6% |
| Income taxes | 67/77 | €7,243 | €7,841 | +€598 | +8.3% |
| Profit (loss) for the period | 9904 | €19,053 | €20,447 | +€1,394 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,053 | €20,447 | +€1,394 | +7.3% |
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 18 October 2026 via checked.be.