MELOTTE: 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.
MELOTTE
Largest movements
- Cash +€11,678
up €11,678 (+7.6%), from €153,615 to €165,293
mainly Net result for the year (+€69,299) and Other debts (+€29,333)
- Receivables within one year +€2,663
up €2,663 (+23.2%), from €11,460 to €14,123
of which Trade receivables: +€2,678
- Other debts +€29,333
up €29,333 (+50.2%), from €58,430 to €87,763
- Reserves -€15,701
down €15,701 (-18.3%), from €85,926 to €70,225
of which Distributable reserves: -€15,701
- Tax, wage and social debts -€3,022
down €3,022 (-26.6%), from €11,348 to €8,326
of which Taxes: -€3,022
- Trade debts +€2,216
up €2,216 (+216.0%), from €1,026 to €3,242
- Gross operating margin -€3,213
down €3,213 (-3.3%), from €97,410 to €94,197
- Taxes +€1,885
up €1,885 (+8.9%), from €21,117 to €23,002
- Financial income -€1,017
down €1,017 (-47.1%), from €2,157 to €1,140
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 | €175,330 | €188,156 | +€12,826 | +7.3% |
| Fixed assets | 21/28 | €2,931 | €1,477 | -€1,454 | -49.6% |
| Tangible fixed assets | 22/27 | €2,931 | €1,477 | -€1,454 | -49.6% |
| Plant, machinery and equipment | 23 | €970 | €377 | -€593 | -61.1% |
| Furniture and vehicles | 24 | €1,961 | €1,100 | -€861 | -43.9% |
| Current assets | 29/58 | €172,399 | €186,679 | +€14,280 | +8.3% |
| Amounts receivable within one year | 40/41 | €11,460 | €14,123 | +€2,663 | +23.2% |
| Trade receivables | 40 | €10,795 | €13,473 | +€2,678 | +24.8% |
| Other amounts receivable | 41 | €665 | €650 | -€15 | -2.3% |
| Cash at bank and in hand | 54/58 | €153,615 | €165,293 | +€11,678 | +7.6% |
| Deferred charges and accrued income | 490/1 | €7,324 | €7,263 | -€61 | -0.8% |
| Total equity and liabilities | 10/49 | €175,330 | €188,156 | +€12,826 | +7.3% |
| Equity | 10/15 | €104,526 | €88,825 | -€15,701 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,926 | €70,225 | -€15,701 | -18.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,066 | €68,365 | -€15,701 | -18.7% |
| Amounts payable | 17/49 | €70,804 | €99,331 | +€28,527 | +40.3% |
| Amounts payable within one year | 42/48 | €70,804 | €99,331 | +€28,527 | +40.3% |
| Trade debts | 44 | €1,026 | €3,242 | +€2,216 | +216.0% |
| Suppliers | 440/4 | €1,026 | €3,242 | +€2,216 | +216.0% |
| Taxes, remuneration and social security | 45 | €11,348 | €8,326 | -€3,022 | -26.6% |
| Taxes | 450/3 | €11,135 | €8,113 | -€3,022 | -27.1% |
| Remuneration and social security | 454/9 | €213 | €213 | = | 0.0% |
| Other amounts payable | 47/48 | €58,430 | €87,763 | +€29,333 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,207 | €1,453 | -€754 | -34.2% |
| Other operating charges | 640/8 | €1,075 | €1,048 | -€27 | -2.5% |
| Gross operating margin | 9900 | €97,410 | €94,197 | -€3,213 | -3.3% |
| Operating profit (loss) | 9901 | €94,128 | €91,696 | -€2,432 | -2.6% |
| Financial income | 75/76B | €2,157 | €1,140 | -€1,017 | -47.1% |
| Recurring financial income | 75 | €2,157 | €1,140 | -€1,017 | -47.1% |
| Financial charges | 65/66B | €454 | €535 | +€81 | +17.8% |
| Recurring financial charges | 65 | €454 | €535 | +€81 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €95,831 | €92,301 | -€3,530 | -3.7% |
| Income taxes | 67/77 | €21,117 | €23,002 | +€1,885 | +8.9% |
| Profit (loss) for the period | 9904 | €74,714 | €69,299 | -€5,415 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,714 | €69,299 | -€5,415 | -7.2% |
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 7 October 2026 via checked.be.