MELROSE: 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.
MELROSE
Largest movements
- Receivables within one year -€11,407
down €11,407 (-32.1%), from €35,502 to €24,095
- Cash -€5,448
down €5,448 (-36.2%), from €15,053 to €9,605
mainly Net result for the year (-€12,038) and Investment in fixed assets (net) (-€5,065)
- Financial fixed assets +€5,065
new in 2025: €5,065
- Stocks and contracts -€1,288
down €1,288 (-38.1%), from €3,381 to €2,094
- Profit (loss) carried forward -€12,038
down €12,038 (-52.9%), from €22,748 to €10,710
- Trade debts -€980
down €980 (-12.4%), from €7,931 to €6,951
- Gross operating margin -€13,955
down €13,955 (-46.3%), from €30,172 to €16,217
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 | €54,367 | €41,271 | -€13,097 | -24.1% |
| Fixed assets | 21/28 | - | €5,065 | +€5,065 | |
| Financial fixed assets | 28 | - | €5,065 | +€5,065 | |
| Current assets | 29/58 | €54,367 | €36,206 | -€18,162 | -33.4% |
| Stocks and contracts in progress | 3 | €3,381 | €2,094 | -€1,288 | -38.1% |
| Stocks | 30/36 | €3,381 | €2,094 | -€1,288 | -38.1% |
| Amounts receivable within one year | 40/41 | €35,502 | €24,095 | -€11,407 | -32.1% |
| Other amounts receivable | 41 | €35,502 | €24,095 | -€11,407 | -32.1% |
| Cash at bank and in hand | 54/58 | €15,053 | €9,605 | -€5,448 | -36.2% |
| Deferred charges and accrued income | 490/1 | €431 | €412 | -€19 | -4.4% |
| Total equity and liabilities | 10/49 | €54,367 | €41,271 | -€13,097 | -24.1% |
| Equity | 10/15 | €43,199 | €31,161 | -€12,038 | -27.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,748 | €10,710 | -€12,038 | -52.9% |
| Amounts payable | 17/49 | €11,168 | €10,110 | -€1,059 | -9.5% |
| Amounts payable within one year | 42/48 | €11,168 | €10,110 | -€1,059 | -9.5% |
| Trade debts | 44 | €7,931 | €6,951 | -€980 | -12.4% |
| Suppliers | 440/4 | €7,931 | €6,951 | -€980 | -12.4% |
| Taxes, remuneration and social security | 45 | €3,238 | €3,159 | -€79 | -2.4% |
| Taxes | 450/3 | €1,427 | €1,251 | -€176 | -12.4% |
| Remuneration and social security | 454/9 | €1,811 | €1,908 | +€97 | +5.4% |
| Non-recurring operating income | 76A | €420 | €712 | +€291 | +69.3% |
| Remuneration, social security and pensions | 62 | €26,134 | €26,287 | +€153 | +0.6% |
| Other operating charges | 640/8 | €1,244 | €1,241 | -€3 | -0.2% |
| Non-recurring operating charges | 66A | €74 | €177 | +€103 | +139.1% |
| Gross operating margin | 9900 | €30,172 | €16,217 | -€13,955 | -46.3% |
| Operating profit (loss) | 9901 | €2,721 | -€11,487 | -€14,208 | |
| Financial income | 75/76B | €10 | €39 | +€29 | +285.0% |
| Recurring financial income | 75 | €10 | €39 | +€29 | +285.0% |
| Financial charges | 65/66B | €305 | €254 | -€52 | -16.9% |
| Recurring financial charges | 65 | €305 | €254 | -€52 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €2,426 | -€11,702 | -€14,128 | |
| Income taxes | 67/77 | €367 | €336 | -€32 | -8.6% |
| Profit (loss) for the period | 9904 | €2,059 | -€12,038 | -€14,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,059 | -€12,038 | -€14,096 |
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 4 October 2026 via checked.be.