MELM: 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.
MELM
Largest movements
- Cash +€70,803
up €70,803 (+60.2%), from €117,676 to €188,479
mainly Other debts (+€112,977) and Net result for the year (+€51,225)
- Tangible fixed assets -€6,912
down €6,912 (-30.6%), from €22,595 to €15,682
of which Furniture and vehicles: -€4,003
- Receivables within one year -€2,197
down €2,197 (-84.6%), from €2,597 to €400
of which Other amounts receivable: -€2,197
- Other debts +€112,977
up €112,977 (+1298.8%), from €8,699 to €121,676
- Reserves -€72,775
down €72,775 (-58.9%), from €123,649 to €50,874
- Tax, wage and social debts +€16,528
up €16,528 (+172.7%), from €9,572 to €26,101
- Accrued charges and deferred income +€4,046
up €4,046 (+1015.6%), from €398 to €4,444
- Gross operating margin +€43,684
up €43,684 (+127.1%), from €34,363 to €78,047
- Taxes +€7,247
up €7,247 (+113.2%), from €6,403 to €13,650
- Financial charges +€3,966
up €3,966 (+449.0%), from €883 to €4,850
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 | €142,868 | €204,561 | +€61,694 | +43.2% |
| Fixed assets | 21/28 | €22,595 | €15,682 | -€6,912 | -30.6% |
| Tangible fixed assets | 22/27 | €22,595 | €15,682 | -€6,912 | -30.6% |
| Land and buildings | 22 | €14,001 | €11,900 | -€2,101 | -15.0% |
| Plant, machinery and equipment | 23 | €1,348 | €539 | -€808 | -60.0% |
| Furniture and vehicles | 24 | €7,246 | €3,243 | -€4,003 | -55.2% |
| Current assets | 29/58 | €120,273 | €188,879 | +€68,606 | +57.0% |
| Amounts receivable within one year | 40/41 | €2,597 | €400 | -€2,197 | -84.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,597 | €400 | -€2,197 | -84.6% |
| Cash at bank and in hand | 54/58 | €117,676 | €188,479 | +€70,803 | +60.2% |
| Total equity and liabilities | 10/49 | €142,868 | €204,561 | +€61,694 | +43.2% |
| Equity | 10/15 | €123,749 | €50,974 | -€72,775 | -58.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €123,649 | €50,874 | -€72,775 | -58.9% |
| Distributable reserves | 133 | €123,649 | €50,874 | -€72,775 | -58.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,119 | €153,588 | +€134,469 | +703.3% |
| Amounts payable within one year | 42/48 | €18,720 | €149,143 | +€130,423 | +696.7% |
| Trade debts | 44 | €449 | €1,367 | +€918 | +204.4% |
| Suppliers | 440/4 | €449 | €1,367 | +€918 | +204.4% |
| Taxes, remuneration and social security | 45 | €9,572 | €26,101 | +€16,528 | +172.7% |
| Taxes | 450/3 | €9,572 | €26,101 | +€16,528 | +172.7% |
| Other amounts payable | 47/48 | €8,699 | €121,676 | +€112,977 | +1298.8% |
| Accrued charges and deferred income | 492/3 | €398 | €4,444 | +€4,046 | +1015.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,560 | €6,912 | -€648 | -8.6% |
| Other operating charges | 640/8 | €1,493 | €1,410 | -€83 | -5.6% |
| Gross operating margin | 9900 | €34,363 | €78,047 | +€43,684 | +127.1% |
| Operating profit (loss) | 9901 | €25,310 | €69,725 | +€44,415 | +175.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €883 | €4,850 | +€3,966 | +449.0% |
| Recurring financial charges | 65 | €883 | €4,850 | +€3,966 | +449.0% |
| Profit (loss) for the period before taxes | 9903 | €24,426 | €64,875 | +€40,449 | +165.6% |
| Income taxes | 67/77 | €6,403 | €13,650 | +€7,247 | +113.2% |
| Profit (loss) for the period | 9904 | €18,023 | €51,225 | +€33,202 | +184.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,023 | €51,225 | +€33,202 | +184.2% |
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 12 October 2026 via checked.be.