MELORIA: what changed
MELORIA
Largest movements
- Receivables within one year +€689,552
up €689,552 (+78.5%), from €878,134 to €1.6m
of which Other amounts receivable: +€1.2m
- Cash -€194,735
down €194,735 (-80.6%), from €241,699 to €46,963
mainly Receivables within one year (-€689,552) and Contributions, distributions and other (-€500,000)
- Current investments +€100,000
new in 2025: €100,000
- Other debts +€417,144
up €417,144 (+193%), from €216,263 to €633,407
- Profit (loss) carried forward -€328,623
down €328,623 (-82.7%), from €397,606 to €68,983
- Debts after one year +€295,112
up €295,112 (+181%), from €162,666 to €457,778
- Trade debts +€217,775
up €217,775 (+85.3%), from €255,394 to €473,170
of which Suppliers: +€192,737
- Tax, wage and social debts -€44,037
down €44,037 (-96.7%), from €45,535 to €1,497
of which Taxes: -€45,535
- Gross operating margin +€176,978
up €176,978 (+72.0%), from €245,651 to €422,630
- Financial income -€91,072
down €91,072 (-96.9%), from €94,009 to €2,937
- Other operating charges -€43,254
down €43,254 (-87.6%), from €49,405 to €6,151
- Taxes +€34,210
up €34,210 (+95.1%), from €35,970 to €70,181
- Staff costs +€8,542
new in 2025: €8,542
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,169,592 | €1,755,127 | +€585,535 | +50.1% |
| Fixed assets | 21/28 | €49,759 | €40,477 | -€9,282 | -18.7% |
| Intangible fixed assets | 21 | €749 | €374 | -€376 | -50.1% |
| Tangible fixed assets | 22/27 | €40,624 | €31,718 | -€8,906 | -21.9% |
| Furniture and vehicles | 24 | €9,243 | €7,068 | -€2,175 | -23.5% |
| Other tangible fixed assets | 26 | €31,381 | €24,650 | -€6,731 | -21.4% |
| Financial fixed assets | 28 | €8,386 | €8,386 | = | 0.0% |
| Current assets | 29/58 | €1,119,833 | €1,714,649 | +€594,817 | +53.1% |
| Amounts receivable within one year | 40/41 | €878,134 | €1,567,686 | +€689,552 | +78.5% |
| Trade receivables | 40 | €807,139 | €337,950 | -€469,189 | -58.1% |
| Other amounts receivable | 41 | €70,995 | €1,229,736 | +€1.2m | +1,632% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €241,699 | €46,963 | -€194,735 | -80.6% |
| Total equity and liabilities | 10/49 | €1,169,592 | €1,755,127 | +€585,535 | +50.1% |
| Equity | 10/15 | €418,066 | €89,443 | -€328,623 | -78.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €397,606 | €68,983 | -€328,623 | -82.7% |
| Amounts payable | 17/49 | €751,526 | €1,665,683 | +€914,158 | +122% |
| Amounts payable after more than one year | 17 | €162,666 | €457,778 | +€295,112 | +181% |
| Financial debts | 170/4 | €162,666 | €457,778 | +€295,112 | +181% |
| Amounts payable within one year | 42/48 | €587,571 | €1,207,905 | +€620,334 | +106% |
| Current portion of amounts payable after more than one year | 42 | €70,379 | €99,831 | +€29,452 | +41.8% |
| Trade debts | 44 | €255,394 | €473,170 | +€217,775 | +85.3% |
| Suppliers | 440/4 | €255,394 | €448,131 | +€192,737 | +75.5% |
| Bills of exchange payable | 441 | - | €25,039 | +€25,039 | |
| Taxes, remuneration and social security | 45 | €45,535 | €1,497 | -€44,037 | -96.7% |
| Taxes | 450/3 | €45,535 | - | -€45,535 | |
| Remuneration and social security | 454/9 | - | €1,497 | +€1,497 | |
| Other amounts payable | 47/48 | €216,263 | €633,407 | +€417,144 | +193% |
| Accrued charges and deferred income | 492/3 | €1,288 | - | -€1,288 | |
| Remuneration, social security and pensions | 62 | - | €8,542 | +€8,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,534 | €13,131 | +€3,597 | +37.7% |
| Other operating charges | 640/8 | €49,405 | €6,151 | -€43,254 | -87.6% |
| Gross operating margin | 9900 | €245,651 | €422,630 | +€176,978 | +72.0% |
| Operating profit (loss) | 9901 | €186,713 | €394,806 | +€208,093 | +111% |
| Financial income | 75/76B | €94,009 | €2,937 | -€91,072 | -96.9% |
| Recurring financial income | 75 | €94,009 | €2,937 | -€91,072 | -96.9% |
| Financial charges | 65/66B | €148,551 | €156,184 | +€7,634 | +5.1% |
| Recurring financial charges | 65 | €148,551 | €156,184 | +€7,634 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €132,170 | €241,558 | +€109,388 | +82.8% |
| Income taxes | 67/77 | €35,970 | €70,181 | +€34,210 | +95.1% |
| Profit (loss) for the period | 9904 | €96,200 | €171,377 | +€75,177 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,200 | €171,377 | +€75,177 | +78.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.