MELMAT: 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.
MELMAT
Largest movements
- Tangible fixed assets +€722
up €722 (+1.6%), from €44,266 to €44,988
of which Other tangible fixed assets: +€6,024
- Profit (loss) carried forward -€11,207
down €11,207 (-214.3%), from -€5,230 to -€16,437
- Trade debts +€5,903
up €5,903 (+70.2%), from €8,405 to €14,308
- Tax, wage and social debts +€4,456
up €4,456 (+222.5%), from €2,003 to €6,459
of which Remuneration and social security: +€4,032
- Other debts +€1,264
up €1,264 (+3.3%), from €38,427 to €39,690
- Staff costs +€9,884
up €9,884 (+257.5%), from €3,838 to €13,722
- Gross operating margin +€6,664
up €6,664 (+106.1%), from €6,278 to €12,942
- Depreciation +€1,841
up €1,841 (+29.7%), from €6,189 to €8,030
- Other operating charges +€691
up €691 (+54.8%), from €1,262 to €1,953
- Financial charges +€250
up €250 (+103.4%), from €242 to €492
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 | €46,105 | €46,521 | +€416 | +0.9% |
| Fixed assets | 21/28 | €44,266 | €44,988 | +€722 | +1.6% |
| Tangible fixed assets | 22/27 | €44,266 | €44,988 | +€722 | +1.6% |
| Plant, machinery and equipment | 23 | €4,585 | €3,475 | -€1,111 | -24.2% |
| Furniture and vehicles | 24 | €23,557 | €19,365 | -€4,192 | -17.8% |
| Other tangible fixed assets | 26 | €16,124 | €22,148 | +€6,024 | +37.4% |
| Current assets | 29/58 | €1,839 | €1,533 | -€306 | -16.6% |
| Amounts receivable within one year | 40/41 | €100 | €100 | = | 0.0% |
| Trade receivables | 40 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,739 | €1,433 | -€306 | -17.6% |
| Total equity and liabilities | 10/49 | €46,105 | €46,521 | +€416 | +0.9% |
| Equity | 10/15 | -€2,730 | -€13,937 | -€11,207 | -410.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,230 | -€16,437 | -€11,207 | -214.3% |
| Amounts payable | 17/49 | €48,835 | €60,458 | +€11,623 | +23.8% |
| Amounts payable within one year | 42/48 | €48,835 | €60,458 | +€11,623 | +23.8% |
| Trade debts | 44 | €8,405 | €14,308 | +€5,903 | +70.2% |
| Suppliers | 440/4 | €8,405 | €14,308 | +€5,903 | +70.2% |
| Taxes, remuneration and social security | 45 | €2,003 | €6,459 | +€4,456 | +222.5% |
| Taxes | 450/3 | €1,174 | €1,598 | +€424 | +36.1% |
| Remuneration and social security | 454/9 | €829 | €4,861 | +€4,032 | +486.3% |
| Other amounts payable | 47/48 | €38,427 | €39,690 | +€1,264 | +3.3% |
| Remuneration, social security and pensions | 62 | €3,838 | €13,722 | +€9,884 | +257.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,189 | €8,030 | +€1,841 | +29.7% |
| Other operating charges | 640/8 | €1,262 | €1,953 | +€691 | +54.8% |
| Gross operating margin | 9900 | €6,278 | €12,942 | +€6,664 | +106.1% |
| Operating profit (loss) | 9901 | -€5,011 | -€10,763 | -€5,752 | -114.8% |
| Financial income | 75/76B | €23 | €48 | +€26 | +113.1% |
| Recurring financial income | 75 | €23 | €48 | +€26 | +113.1% |
| Financial charges | 65/66B | €242 | €492 | +€250 | +103.4% |
| Recurring financial charges | 65 | €242 | €492 | +€250 | +103.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,230 | -€11,207 | -€5,976 | -114.3% |
| Profit (loss) for the period | 9904 | -€5,230 | -€11,207 | -€5,976 | -114.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,230 | -€11,207 | -€5,976 | -114.3% |
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 5 October 2026 via checked.be.