MELSEN CONSULT: 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.
MELSEN CONSULT
Largest movements
- Tangible fixed assets -€59,213
down €59,213 (-24.9%), from €237,878 to €178,665
of which Land and buildings: -€58,830
- Receivables within one year -€35,639
down €35,639 (-48.9%), from €72,877 to €37,237
of which Trade receivables: -€35,639
- Cash +€7,681
up €7,681 (+109.0%), from €7,046 to €14,727
mainly Depreciation (+€59,213) and Receivables within one year (+€35,639)
- Debts after one year -€49,194
down €49,194 (-27.5%), from €178,800 to €129,606
- Other debts -€38,419
down €38,419 (-37.5%), from €102,319 to €63,899
- Turnover -€15,242
down €15,242 (-11.9%), from €128,076 to €112,834
- Purchases and services +€3,951
up €3,951 (+6.2%), from €64,209 to €68,160
- Gross operating margin +€2,509
up €2,509 (+3.9%), from €64,842 to €67,351
- Financial charges -€2,340
down €2,340 (-32.7%), from €7,165 to €4,825
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 | €317,801 | €230,629 | -€87,172 | -27.4% |
| Fixed assets | 21/28 | €237,878 | €178,665 | -€59,213 | -24.9% |
| Tangible fixed assets | 22/27 | €237,878 | €178,665 | -€59,213 | -24.9% |
| Land and buildings | 22 | €237,293 | €178,464 | -€58,830 | -24.8% |
| Plant, machinery and equipment | 23 | €585 | €201 | -€384 | -65.6% |
| Current assets | 29/58 | €79,923 | €51,964 | -€27,958 | -35.0% |
| Amounts receivable within one year | 40/41 | €72,877 | €37,237 | -€35,639 | -48.9% |
| Trade receivables | 40 | €71,181 | €35,541 | -€35,639 | -50.1% |
| Other amounts receivable | 41 | €1,696 | €1,696 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,046 | €14,727 | +€7,681 | +109.0% |
| Total equity and liabilities | 10/49 | €317,801 | €230,629 | -€87,172 | -27.4% |
| Equity | 10/15 | -€15,716 | -€15,329 | +€387 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156 | €156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €156 | €156 | = | 0.0% |
| Legal reserve | 130 | €156 | €156 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,472 | -€34,085 | +€387 | +1.1% |
| Amounts payable | 17/49 | €333,516 | €245,958 | -€87,558 | -26.3% |
| Amounts payable after more than one year | 17 | €178,800 | €129,606 | -€49,194 | -27.5% |
| Financial debts | 170/4 | €178,800 | €129,606 | -€49,194 | -27.5% |
| Amounts payable within one year | 42/48 | €154,717 | €116,352 | -€38,365 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €48,611 | €49,171 | +€560 | +1.2% |
| Trade debts | 44 | €778 | €1,503 | +€724 | +93.1% |
| Suppliers | 440/4 | €778 | €1,503 | +€724 | +93.1% |
| Taxes, remuneration and social security | 45 | €3,009 | €1,779 | -€1,229 | -40.9% |
| Taxes | 450/3 | €3,009 | €1,779 | -€1,229 | -40.9% |
| Other amounts payable | 47/48 | €102,319 | €63,899 | -€38,419 | -37.5% |
| Turnover | 70 | €128,076 | €112,834 | -€15,242 | -11.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €64,209 | €68,160 | +€3,951 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,213 | €59,213 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,900 | €2,926 | +€25 | +0.9% |
| Gross operating margin | 9900 | €64,842 | €67,351 | +€2,509 | +3.9% |
| Operating profit (loss) | 9901 | €2,728 | €5,212 | +€2,484 | +91.1% |
| Financial charges | 65/66B | €7,165 | €4,825 | -€2,340 | -32.7% |
| Recurring financial charges | 65 | €7,165 | €4,825 | -€2,340 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,438 | €387 | +€4,824 | |
| Profit (loss) for the period | 9904 | -€4,438 | €387 | +€4,824 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,438 | €387 | +€4,824 |
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.