MELPOMENE: 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.
MELPOMENE
Largest movements
- Stocks and contracts -€4,655
down €4,655 (-4.5%), from €103,410 to €98,755
- Receivables within one year +€1,644
up €1,644 (+4.9%), from €33,441 to €35,085
- Trade debts -€38,274
down €38,274 (-38.3%), from €99,933 to €61,659
- Other debts +€20,456
up €20,456 (+577%), from €3,545 to €24,001
- Tax, wage and social debts +€11,464
up €11,464 (+100%), from €11,417 to €22,881
of which Taxes: +€9,099
- Short-term financial debts +€4,181
up €4,181 (+99.3%), from €4,212 to €8,393
- Gross operating margin +€64,103
up €64,103, from -€40,316 to €23,787
- Taxes +€5,771
new in 2024: €5,771
- Staff costs +€2,137
up €2,137 (+17.2%), from €12,417 to €14,554
- Other operating charges +€2,083
up €2,083 (+2,168%), from €96 to €2,179
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,143 | €137,132 | -€3,011 | -2.1% |
| Fixed assets | 21/28 | €3,293 | €3,293 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,293 | €3,293 | = | 0.0% |
| Current assets | 29/58 | €136,850 | €133,840 | -€3,011 | -2.2% |
| Stocks and contracts in progress | 3 | €103,410 | €98,755 | -€4,655 | -4.5% |
| Stocks | 30/36 | €103,410 | €98,755 | -€4,655 | -4.5% |
| Amounts receivable within one year | 40/41 | €33,441 | €35,085 | +€1,644 | +4.9% |
| Trade receivables | 40 | €33,441 | €35,085 | +€1,644 | +4.9% |
| Total equity and liabilities | 10/49 | €140,143 | €137,132 | -€3,011 | -2.1% |
| Equity | 10/15 | €21,036 | €20,198 | -€838 | -4.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | €24,789 | = | 0.0% |
| Issued capital | 100 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €23,465 | €23,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,681 | €2,202 | -€2,479 | -53.0% |
| Legal reserve | 130 | €2,479 | - | -€2,479 | |
| Reserves not available under the articles | 1311 | €2,202 | €2,202 | = | 0.0% |
| Distributable reserves | 133 | €18,784 | €21,263 | +€2,479 | +13.2% |
| Profit (loss) carried forward | 14 | -€27,218 | -€28,056 | -€838 | -3.1% |
| Amounts payable | 17/49 | €119,107 | €116,934 | -€2,172 | -1.8% |
| Amounts payable within one year | 42/48 | €119,107 | €116,934 | -€2,172 | -1.8% |
| Financial debts | 43 | €4,212 | €8,393 | +€4,181 | +99.3% |
| Credit institutions | 430/8 | €4,212 | €8,393 | +€4,181 | +99.3% |
| Trade debts | 44 | €99,933 | €61,659 | -€38,274 | -38.3% |
| Suppliers | 440/4 | €99,933 | €61,659 | -€38,274 | -38.3% |
| Taxes, remuneration and social security | 45 | €11,417 | €22,881 | +€11,464 | +100% |
| Taxes | 450/3 | €9,578 | €18,677 | +€9,099 | +95.0% |
| Remuneration and social security | 454/9 | €1,840 | €4,204 | +€2,364 | +129% |
| Other amounts payable | 47/48 | €3,545 | €24,001 | +€20,456 | +577% |
| Remuneration, social security and pensions | 62 | €12,417 | €14,554 | +€2,137 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €0 | -€178 | -100% |
| Other operating charges | 640/8 | €96 | €2,179 | +€2,083 | +2,168% |
| Non-recurring operating charges | 66A | €900 | €416 | -€484 | -53.8% |
| Gross operating margin | 9900 | -€40,316 | €23,787 | +€64,103 | |
| Operating profit (loss) | 9901 | -€53,907 | €6,638 | +€60,545 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,986 | €1,706 | -€280 | -14.1% |
| Recurring financial charges | 65 | €1,986 | €1,706 | -€280 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,893 | €4,932 | +€60,825 | |
| Income taxes | 67/77 | - | €5,771 | +€5,771 | |
| Profit (loss) for the period | 9904 | -€55,893 | -€838 | +€55,055 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,893 | -€838 | +€55,055 | +98.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.