MELONAT: 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.
MELONAT
Largest movements
- Receivables within one year -€48,647
down €48,647 (-67.0%), from €72,582 to €23,935
of which Other amounts receivable: -€38,039
- Cash -€46,782
down €46,782 (-71.4%), from €65,478 to €18,696
mainly Trade debts (-€82,946) and Debts after one year (-€47,344)
- Stocks and contracts +€24,044
up €24,044 (+17.3%), from €139,324 to €163,368
- Intangible fixed assets -€22,823
down €22,823 (-27.3%), from €83,662 to €60,839
- Tangible fixed assets -€16,076
down €16,076 (-35.0%), from €45,908 to €29,832
of which Plant, machinery and equipment: -€10,099
- Trade debts -€82,946
down €82,946 (-62.4%), from €132,943 to €49,997
- Other debts +€62,231
up €62,231 (+321.5%), from €19,356 to €81,587
- Debts after one year -€47,344
down €47,344 (-36.6%), from €129,395 to €82,051
- Tax, wage and social debts -€19,411
down €19,411 (-35.4%), from €54,774 to €35,363
of which Remuneration and social security: -€18,847
- Accrued charges and deferred income -€11,975
down €11,975 (-45.4%), from €26,376 to €14,401
- Staff costs -€41,152
down €41,152 (-10.9%), from €376,305 to €335,153
- Gross operating margin -€14,176
down €14,176 (-3.3%), from €425,047 to €410,871
- Other operating charges -€5,620
down €5,620 (-47.3%), from €11,890 to €6,270
- Financial income -€4,621
down €4,621 (-77.6%), from €5,955 to €1,334
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 | €414,804 | €301,565 | -€113,239 | -27.3% |
| Formation expenses | 20 | €2,189 | €1,720 | -€469 | -21.4% |
| Fixed assets | 21/28 | €131,720 | €92,821 | -€38,899 | -29.5% |
| Intangible fixed assets | 21 | €83,662 | €60,839 | -€22,823 | -27.3% |
| Tangible fixed assets | 22/27 | €45,908 | €29,832 | -€16,076 | -35.0% |
| Plant, machinery and equipment | 23 | €36,150 | €26,051 | -€10,099 | -27.9% |
| Furniture and vehicles | 24 | €9,758 | €3,781 | -€5,977 | -61.3% |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €280,895 | €207,024 | -€73,871 | -26.3% |
| Stocks and contracts in progress | 3 | €139,324 | €163,368 | +€24,044 | +17.3% |
| Stocks | 30/36 | €139,324 | €163,368 | +€24,044 | +17.3% |
| Amounts receivable within one year | 40/41 | €72,582 | €23,935 | -€48,647 | -67.0% |
| Trade receivables | 40 | €22,131 | €11,524 | -€10,607 | -47.9% |
| Other amounts receivable | 41 | €50,451 | €12,412 | -€38,039 | -75.4% |
| Cash at bank and in hand | 54/58 | €65,478 | €18,696 | -€46,782 | -71.4% |
| Deferred charges and accrued income | 490/1 | €3,511 | €1,024 | -€2,487 | -70.8% |
| Total equity and liabilities | 10/49 | €414,804 | €301,565 | -€113,239 | -27.3% |
| Equity | 10/15 | -€78,263 | -€83,879 | -€5,616 | -7.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Outside capital | 11 | €60,000 | €60,000 | = | 0.0% |
| Other | 1109/19 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €15,176 | €15,176 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €9,176 | €9,176 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€153,439 | -€159,055 | -€5,616 | -3.7% |
| Amounts payable | 17/49 | €493,067 | €385,443 | -€107,624 | -21.8% |
| Amounts payable after more than one year | 17 | €129,395 | €82,051 | -€47,344 | -36.6% |
| Financial debts | 170/4 | €129,395 | €82,051 | -€47,344 | -36.6% |
| Amounts payable within one year | 42/48 | €337,296 | €288,992 | -€48,304 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €130,223 | €122,045 | -€8,178 | -6.3% |
| Trade debts | 44 | €132,943 | €49,997 | -€82,946 | -62.4% |
| Suppliers | 440/4 | €132,943 | €49,997 | -€82,946 | -62.4% |
| Taxes, remuneration and social security | 45 | €54,774 | €35,363 | -€19,411 | -35.4% |
| Taxes | 450/3 | €1,673 | €1,109 | -€564 | -33.7% |
| Remuneration and social security | 454/9 | €53,101 | €34,254 | -€18,847 | -35.5% |
| Other amounts payable | 47/48 | €19,356 | €81,587 | +€62,231 | +321.5% |
| Accrued charges and deferred income | 492/3 | €26,376 | €14,401 | -€11,975 | -45.4% |
| Remuneration, social security and pensions | 62 | €376,305 | €335,153 | -€41,152 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,537 | €39,367 | -€2,170 | -5.2% |
| Other operating charges | 640/8 | €11,890 | €6,270 | -€5,620 | -47.3% |
| Non-recurring operating charges | 66A | - | €12,268 | +€12,268 | |
| Gross operating margin | 9900 | €425,047 | €410,871 | -€14,176 | -3.3% |
| Operating profit (loss) | 9901 | -€4,685 | €17,812 | +€22,497 | |
| Financial income | 75/76B | €5,955 | €1,334 | -€4,621 | -77.6% |
| Recurring financial income | 75 | €5,955 | €1,334 | -€4,621 | -77.6% |
| Financial charges | 65/66B | €22,831 | €24,426 | +€1,595 | +7.0% |
| Recurring financial charges | 65 | €22,831 | €24,426 | +€1,595 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,561 | -€5,279 | +€16,282 | +75.5% |
| Income taxes | 67/77 | €638 | €336 | -€302 | -47.3% |
| Profit (loss) for the period | 9904 | -€22,199 | -€5,616 | +€16,583 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,199 | -€5,616 | +€16,583 | +74.7% |
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 4 October 2026 via checked.be.