MELOT R & J.: 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.
MELOT R & J.
Largest movements
- Receivables within one year -€56,274
down €56,274 (-33.6%), from €167,658 to €111,384
of which Trade receivables: -€60,801
- Deferred charges and accrued income +€19,601
up €19,601 (+93,339%), from €21 to €19,622
- Cash +€2,723
up €2,723 (+134%), from €2,029 to €4,753
mainly Receivables within one year (+€56,274) and Short-term financial debts (+€19,270)
- Trade debts -€32,463
down €32,463 (-79.6%), from €40,792 to €8,329
- Profit (loss) carried forward -€21,556
down €21,556 (-92.8%), from €23,222 to €1,666
- Short-term financial debts +€19,270
up €19,270 (+545%), from €3,537 to €22,807
- Tax, wage and social debts -€10,812
down €10,812 (-66.4%), from €16,291 to €5,478
of which Taxes: -€9,151
- Other debts +€10,510
up €10,510 (+45.9%), from €22,874 to €33,384
- Gross operating margin -€35,071
down €35,071 (-53.1%), from €66,031 to €30,961
- Staff costs -€23,707
down €23,707 (-59.9%), from €39,546 to €15,839
- Taxes -€4,643
no longer reported in 2025 (was €4,643)
- Financial charges +€1,690
up €1,690 (+40.6%), from €4,159 to €5,849
- Other operating charges +€1,161
up €1,161 (+1,040%), from €112 to €1,272
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 | €169,708 | €135,759 | -€33,949 | -20.0% |
| Current assets | 29/58 | €169,708 | €135,759 | -€33,949 | -20.0% |
| Amounts receivable within one year | 40/41 | €167,658 | €111,384 | -€56,274 | -33.6% |
| Trade receivables | 40 | €156,162 | €95,360 | -€60,801 | -38.9% |
| Other amounts receivable | 41 | €11,496 | €16,024 | +€4,528 | +39.4% |
| Cash at bank and in hand | 54/58 | €2,029 | €4,753 | +€2,723 | +134% |
| Deferred charges and accrued income | 490/1 | €21 | €19,622 | +€19,601 | +93,339% |
| Total equity and liabilities | 10/49 | €169,708 | €135,759 | -€33,949 | -20.0% |
| Equity | 10/15 | €56,173 | €34,618 | -€21,556 | -38.4% |
| Contributions | 10/11 | €31,092 | €31,092 | = | 0.0% |
| Capital | 10 | €31,092 | €31,092 | = | 0.0% |
| Issued capital | 100 | €31,092 | €31,092 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,222 | €1,666 | -€21,556 | -92.8% |
| Amounts payable | 17/49 | €113,535 | €101,142 | -€12,393 | -10.9% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,494 | €69,999 | -€13,495 | -16.2% |
| Financial debts | 43 | €3,537 | €22,807 | +€19,270 | +545% |
| Credit institutions | 430/8 | €3,537 | €22,807 | +€19,270 | +545% |
| Trade debts | 44 | €40,792 | €8,329 | -€32,463 | -79.6% |
| Suppliers | 440/4 | €40,792 | €8,329 | -€32,463 | -79.6% |
| Taxes, remuneration and social security | 45 | €16,291 | €5,478 | -€10,812 | -66.4% |
| Taxes | 450/3 | €13,045 | €3,894 | -€9,151 | -70.1% |
| Remuneration and social security | 454/9 | €3,245 | €1,584 | -€1,661 | -51.2% |
| Other amounts payable | 47/48 | €22,874 | €33,384 | +€10,510 | +45.9% |
| Accrued charges and deferred income | 492/3 | €41 | €1,143 | +€1,102 | +2,690% |
| Remuneration, social security and pensions | 62 | €39,546 | €15,839 | -€23,707 | -59.9% |
| Other operating charges | 640/8 | €112 | €1,272 | +€1,161 | +1,040% |
| Gross operating margin | 9900 | €66,031 | €30,961 | -€35,071 | -53.1% |
| Operating profit (loss) | 9901 | €26,373 | €13,849 | -€12,525 | -47.5% |
| Financial charges | 65/66B | €4,159 | €5,849 | +€1,690 | +40.6% |
| Recurring financial charges | 65 | €4,159 | €5,849 | +€1,690 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €22,215 | €8,000 | -€14,215 | -64.0% |
| Income taxes | 67/77 | €4,643 | - | -€4,643 | |
| Profit (loss) for the period | 9904 | €17,572 | €8,000 | -€9,572 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,572 | €8,000 | -€9,572 | -54.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.