MELODY NELSON: 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.
MELODY NELSON
Largest movements
- Stocks and contracts +€19,779
up €19,779 (+9.9%), from €199,262 to €219,040
- Receivables within one year +€18,584
up €18,584 (+136.5%), from €13,615 to €32,200
of which Other amounts receivable: +€16,755
- Tax, wage and social debts -€33,064
down €33,064 (-66.9%), from €49,408 to €16,345
of which Taxes: -€33,332
- Profit (loss) carried forward +€28,927
up €28,927 (+14.0%), from €206,776 to €235,703
- Trade debts +€23,697
up €23,697 (+286.8%), from €8,263 to €31,960
- Other debts +€15,925
up €15,925 (+12715.4%), from €125 to €16,050
- Gross operating margin -€56,591
down €56,591 (-27.8%), from €203,503 to €146,912
- Taxes -€24,542
down €24,542 (-63.7%), from €38,539 to €13,997
- Write-downs +€20,100
up €20,100, from €0 to €20,100
- Staff costs +€3,321
up €3,321 (+6.3%), from €53,055 to €56,376
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,573 | €371,058 | +€35,484 | +10.6% |
| Fixed assets | 21/28 | €36,271 | €32,974 | -€3,296 | -9.1% |
| Tangible fixed assets | 22/27 | €34,171 | €30,874 | -€3,296 | -9.6% |
| Plant, machinery and equipment | 23 | €3,703 | €2,796 | -€907 | -24.5% |
| Furniture and vehicles | 24 | €2,783 | €3,468 | +€685 | +24.6% |
| Other tangible fixed assets | 26 | €27,685 | €24,610 | -€3,075 | -11.1% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €299,303 | €338,083 | +€38,781 | +13.0% |
| Stocks and contracts in progress | 3 | €199,262 | €219,040 | +€19,779 | +9.9% |
| Stocks | 30/36 | €199,262 | €219,040 | +€19,779 | +9.9% |
| Amounts receivable within one year | 40/41 | €13,615 | €32,200 | +€18,584 | +136.5% |
| Trade receivables | 40 | €6,415 | €8,244 | +€1,830 | +28.5% |
| Other amounts receivable | 41 | €7,201 | €23,955 | +€16,755 | +232.7% |
| Cash at bank and in hand | 54/58 | €85,048 | €85,323 | +€275 | +0.3% |
| Deferred charges and accrued income | 490/1 | €1,378 | €1,521 | +€143 | +10.4% |
| Total equity and liabilities | 10/49 | €335,573 | €371,058 | +€35,484 | +10.6% |
| Equity | 10/15 | €277,776 | €306,703 | +€28,927 | +10.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,776 | €235,703 | +€28,927 | +14.0% |
| Amounts payable | 17/49 | €57,797 | €64,355 | +€6,558 | +11.3% |
| Amounts payable within one year | 42/48 | €57,797 | €64,355 | +€6,558 | +11.3% |
| Trade debts | 44 | €8,263 | €31,960 | +€23,697 | +286.8% |
| Suppliers | 440/4 | €8,263 | €31,960 | +€23,697 | +286.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €49,408 | €16,345 | -€33,064 | -66.9% |
| Taxes | 450/3 | €43,047 | €9,715 | -€33,332 | -77.4% |
| Remuneration and social security | 454/9 | €6,361 | €6,629 | +€268 | +4.2% |
| Other amounts payable | 47/48 | €125 | €16,050 | +€15,925 | +12715.4% |
| Remuneration, social security and pensions | 62 | €53,055 | €56,376 | +€3,321 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,576 | €5,244 | +€667 | +14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €20,100 | +€20,100 | |
| Other operating charges | 640/8 | €3,046 | €3,859 | +€814 | +26.7% |
| Gross operating margin | 9900 | €203,503 | €146,912 | -€56,591 | -27.8% |
| Operating profit (loss) | 9901 | €142,826 | €61,333 | -€81,493 | -57.1% |
| Financial income | 75/76B | €80 | €534 | +€454 | +567.5% |
| Recurring financial income | 75 | €80 | €534 | +€454 | +567.5% |
| Financial charges | 65/66B | €5,171 | €3,943 | -€1,228 | -23.7% |
| Recurring financial charges | 65 | €5,171 | €3,943 | -€1,228 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €137,735 | €57,924 | -€79,811 | -57.9% |
| Income taxes | 67/77 | €38,539 | €13,997 | -€24,542 | -63.7% |
| Profit (loss) for the period | 9904 | €99,196 | €43,927 | -€55,269 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €99,196 | €43,927 | -€55,269 | -55.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.