MELQAR BENELUX: what changed
What changed
MELQAR BENELUX
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€34,844
2024 · -€74,280+€39,436
Equity
-€24,853
2024 · €9,991-€34,844
Cash
€2,661
2024 · €63,658-€60,997
Balance sheet total
€917,693
2024 · €718,600+€199,093
Largest movements
Assets
- Stocks and contracts +€240,819
up €240,819 (+42.3%), from €569,942 to €810,761
- Cash -€60,997
down €60,997 (-95.8%), from €63,658 to €2,661
mainly Stocks and contracts (-€240,819) and Net result for the year (-€34,844)
- Receivables within one year +€31,860
up €31,860 (+123%), from €26,005 to €57,865
of which Other amounts receivable: +€20,039
- Tangible fixed assets -€12,292
down €12,292 (-22.0%), from €55,804 to €43,512
of which Furniture and vehicles: -€11,030
Equity and liabilities
- Short-term financial debts +€250,000
new in 2025: €250,000
- Profit (loss) carried forward -€34,844
down €34,844 (-8.7%), from -€399,296 to -€434,140
- Trade debts -€12,396
down €12,396 (-30.5%), from €40,641 to €28,245
Income statement
- Gross operating margin +€59,071
up €59,071, from -€30,167 to €28,904
- Staff costs +€24,058
up €24,058 (+278%), from €8,653 to €32,710
- Other operating charges -€6,266
down €6,266 (-37.3%), from €16,783 to €10,517
- Depreciation +€6,143
up €6,143 (+90.2%), from €6,809 to €12,952
- Financial income +€5,469
up €5,469 (+1,352%), from €405 to €5,873
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.
Result 2024
-€74,280
Gross operating margin
+€59,071
Staff costs
-€24,058
Depreciation
-€6,143
Other operating charges
+€6,266
Financial income
+€5,469
Financial charges
-€1,125
Taxes
-€44
Result 2025
-€34,844
raises the resultlowers the result
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.
From operations
-€310,837
Investment
-€660
Financing
+€250,500
Cash 2024
€63,658
From operations (derived)
-€310,837
Net result for the year
-€34,844
Depreciation
+€12,952
Stocks and contracts
-€240,819
Receivables within one year
-€31,860
Deferred charges and accrued income
+€298
Trade debts
-€12,396
Tax, wage and social debts
+€1,122
Accrued charges and deferred income
-€5,289
Investment (derived)
-€660
Investment in fixed assets (net)
-€660
Financing
+€250,500
Debts after one year
+€500
Short-term financial debts
+€250,000
Cash 2025
€2,661
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,600 | €917,693 | +€199,093 | +27.7% |
| Fixed assets | 21/28 | €55,804 | €43,512 | -€12,292 | -22.0% |
| Tangible fixed assets | 22/27 | €55,804 | €43,512 | -€12,292 | -22.0% |
| Plant, machinery and equipment | 23 | €3,950 | €2,688 | -€1,262 | -31.9% |
| Furniture and vehicles | 24 | €51,853 | €40,823 | -€11,030 | -21.3% |
| Current assets | 29/58 | €662,797 | €874,181 | +€211,385 | +31.9% |
| Stocks and contracts in progress | 3 | €569,942 | €810,761 | +€240,819 | +42.3% |
| Stocks | 30/36 | €569,942 | €810,761 | +€240,819 | +42.3% |
| Amounts receivable within one year | 40/41 | €26,005 | €57,865 | +€31,860 | +123% |
| Trade receivables | 40 | €21,732 | €33,554 | +€11,822 | +54.4% |
| Other amounts receivable | 41 | €4,273 | €24,311 | +€20,039 | +469% |
| Cash at bank and in hand | 54/58 | €63,658 | €2,661 | -€60,997 | -95.8% |
| Deferred charges and accrued income | 490/1 | €3,192 | €2,895 | -€298 | -9.3% |
| Total equity and liabilities | 10/49 | €718,600 | €917,693 | +€199,093 | +27.7% |
| Equity | 10/15 | €9,991 | -€24,853 | -€34,844 | |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Reserves | 13 | €186,183 | €186,183 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €145,123 | €145,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€399,296 | -€434,140 | -€34,844 | -8.7% |
| Amounts payable | 17/49 | €708,609 | €942,546 | +€233,937 | +33.0% |
| Amounts payable after more than one year | 17 | €517,580 | €518,080 | +€500 | +0.1% |
| Financial debts | 170/4 | €517,000 | €517,000 | = | 0.0% |
| Other amounts payable | 178/9 | €580 | €1,080 | +€500 | +86.2% |
| Amounts payable within one year | 42/48 | €41,228 | €279,954 | +€238,726 | +579% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €40,641 | €28,245 | -€12,396 | -30.5% |
| Suppliers | 440/4 | €40,641 | €28,245 | -€12,396 | -30.5% |
| Taxes, remuneration and social security | 45 | €587 | €1,708 | +€1,122 | +191% |
| Taxes | 450/3 | €46 | €1,708 | +€1,662 | +3,613% |
| Remuneration and social security | 454/9 | €541 | €0 | -€541 | -100% |
| Accrued charges and deferred income | 492/3 | €149,801 | €144,512 | -€5,289 | -3.5% |
| Remuneration, social security and pensions | 62 | €8,653 | €32,710 | +€24,058 | +278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,809 | €12,952 | +€6,143 | +90.2% |
| Other operating charges | 640/8 | €16,783 | €10,517 | -€6,266 | -37.3% |
| Gross operating margin | 9900 | -€30,167 | €28,904 | +€59,071 | |
| Operating profit (loss) | 9901 | -€62,412 | -€27,276 | +€35,137 | +56.3% |
| Financial income | 75/76B | €405 | €5,873 | +€5,469 | +1,352% |
| Recurring financial income | 75 | €405 | €5,873 | +€5,469 | +1,352% |
| Financial charges | 65/66B | €12,154 | €13,279 | +€1,125 | +9.3% |
| Recurring financial charges | 65 | €12,154 | €13,279 | +€1,125 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€74,161 | -€34,681 | +€39,480 | +53.2% |
| Income taxes | 67/77 | €118 | €163 | +€44 | +37.5% |
| Profit (loss) for the period | 9904 | -€74,280 | -€34,844 | +€39,436 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,280 | -€34,844 | +€39,436 | +53.1% |
Next steps
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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 2 November 2026 via checked.be.