MELONTIKOS: 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.
MELONTIKOS
Largest movements
- Financial fixed assets -€652,914
down €652,914 (-49.1%), from €1.3m to €677,467
- Receivables after one year +€303,000
up €303,000 (+75.2%), from €403,020 to €706,020
- Cash +€123,152
up €123,152 (+563%), from €21,860 to €145,012
mainly Investment in fixed assets (net) (+€570,805) and Depreciation (+€137,621)
- Tangible fixed assets -€55,511
down €55,511 (-3.2%), from €1.7m to €1.7m
of which Land and buildings: -€33,377
- Debts after one year -€83,641
down €83,641 (-8.9%), from €944,021 to €860,380
- Short-term financial debts -€59,934
no longer reported in 2025 (was €59,934)
- Current portion of long-term debt -€45,870
down €45,870 (-27.5%), from €167,031 to €121,161
- Gross operating margin +€51,424
up €51,424 (+57.7%), from €89,173 to €140,597
- Financial charges +€36,553
up €36,553 (+86.7%), from €42,143 to €78,696
of which Non-recurring financial charges: +€36,733
- Financial income -€19,094
down €19,094 (-24.8%), from €76,984 to €57,890
of which Financial income: -€57,089
- Other operating charges +€7,219
up €7,219 (+99.4%), from €7,260 to €14,479
- Depreciation +€6,160
up €6,160 (+4.7%), from €131,461 to €137,621
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 | €3,657,049 | €3,422,136 | -€234,913 | -6.4% |
| Fixed assets | 21/28 | €3,069,094 | €2,360,668 | -€708,426 | -23.1% |
| Tangible fixed assets | 22/27 | €1,738,713 | €1,683,201 | -€55,511 | -3.2% |
| Land and buildings | 22 | €1,714,487 | €1,681,110 | -€33,377 | -1.9% |
| Plant, machinery and equipment | 23 | €2,920 | €2,091 | -€829 | -28.4% |
| Furniture and vehicles | 24 | €21,306 | - | -€21,306 | |
| Financial fixed assets | 28 | €1,330,381 | €677,467 | -€652,914 | -49.1% |
| Current assets | 29/58 | €587,956 | €1,061,468 | +€473,513 | +80.5% |
| Amounts receivable after more than one year | 29 | €403,020 | €706,020 | +€303,000 | +75.2% |
| Other amounts receivable | 291 | €403,020 | €706,020 | +€303,000 | +75.2% |
| Stocks and contracts in progress | 3 | €17,649 | €22,418 | +€4,769 | +27.0% |
| Stocks | 30/36 | €17,649 | €22,418 | +€4,769 | +27.0% |
| Amounts receivable within one year | 40/41 | €87,210 | €119,769 | +€32,559 | +37.3% |
| Trade receivables | 40 | €42,865 | €32,796 | -€10,070 | -23.5% |
| Other amounts receivable | 41 | €44,345 | €86,973 | +€42,628 | +96.1% |
| Cash at bank and in hand | 54/58 | €21,860 | €145,012 | +€123,152 | +563% |
| Deferred charges and accrued income | 490/1 | €58,217 | €68,250 | +€10,033 | +17.2% |
| Total equity and liabilities | 10/49 | €3,657,049 | €3,422,136 | -€234,913 | -6.4% |
| Equity | 10/15 | €2,454,437 | €2,422,128 | -€32,309 | -1.3% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €548,898 | €548,898 | = | 0.0% |
| Distributable reserves | 133 | €548,898 | €548,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,660,539 | €1,628,230 | -€32,309 | -1.9% |
| Amounts payable | 17/49 | €1,202,612 | €1,000,008 | -€202,604 | -16.8% |
| Amounts payable after more than one year | 17 | €944,021 | €860,380 | -€83,641 | -8.9% |
| Financial debts | 170/4 | €944,021 | €860,380 | -€83,641 | -8.9% |
| Amounts payable within one year | 42/48 | €244,437 | €139,628 | -€104,809 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €167,031 | €121,161 | -€45,870 | -27.5% |
| Financial debts | 43 | €59,934 | - | -€59,934 | |
| Credit institutions | 430/8 | €59,934 | - | -€59,934 | |
| Trade debts | 44 | €14,105 | €15,983 | +€1,878 | +13.3% |
| Suppliers | 440/4 | €14,105 | €15,983 | +€1,878 | +13.3% |
| Taxes, remuneration and social security | 45 | €3,367 | €2,484 | -€883 | -26.2% |
| Taxes | 450/3 | €3,367 | €2,484 | -€883 | -26.2% |
| Accrued charges and deferred income | 492/3 | €14,154 | - | -€14,154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,461 | €137,621 | +€6,160 | +4.7% |
| Other operating charges | 640/8 | €7,260 | €14,479 | +€7,219 | +99.4% |
| Gross operating margin | 9900 | €89,173 | €140,597 | +€51,424 | +57.7% |
| Operating profit (loss) | 9901 | -€49,548 | -€11,503 | +€38,045 | +76.8% |
| Financial income | 75/76B | €76,984 | €57,890 | -€19,094 | -24.8% |
| Recurring financial income | 75 | €76,984 | €19,895 | -€57,089 | -74.2% |
| Non-recurring financial income | 76B | - | €37,995 | +€37,995 | |
| Financial charges | 65/66B | €42,143 | €78,696 | +€36,553 | +86.7% |
| Recurring financial charges | 65 | €42,143 | €41,963 | -€180 | -0.4% |
| Non-recurring financial charges | 66B | - | €36,733 | +€36,733 | |
| Profit (loss) for the period before taxes | 9903 | -€14,706 | -€32,309 | -€17,602 | -120% |
| Income taxes | 67/77 | €3,414 | - | -€3,414 | |
| Profit (loss) for the period | 9904 | -€18,120 | -€32,309 | -€14,189 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,120 | -€32,309 | -€14,189 | -78.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.