Melstech: 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.
Melstech
Largest movements
- Receivables within one year -€51,593
down €51,593 (-56.3%), from €91,653 to €40,060
of which Trade receivables: -€50,208
- Cash +€35,287
up €35,287 (+60.1%), from €58,757 to €94,044
mainly Receivables within one year (+€51,593) and Net result for the year (+€48,478)
- Tangible fixed assets -€11,675
down €11,675 (-14.7%), from €79,636 to €67,960
of which Plant, machinery and equipment: -€7,982
- Debts after one year -€16,628
down €16,628 (-38.6%), from €43,064 to €26,436
- Tax, wage and social debts -€10,519
down €10,519 (-82.7%), from €12,723 to €2,204
- Other debts +€3,463
up €3,463 (+6.9%), from €50,000 to €53,463
- Reserves -€3,240
down €3,240 (-3.7%), from €86,711 to €83,471
of which Distributable reserves: -€3,240
- Gross operating margin -€4,231
down €4,231 (-4.5%), from €94,515 to €90,284
- Depreciation +€3,913
up €3,913 (+17.7%), from €22,111 to €26,025
- Taxes -€1,352
down €1,352 (-9.4%), from €14,419 to €13,067
- Financial charges +€973
up €973 (+68.1%), from €1,429 to €2,402
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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,711 | €209,086 | -€27,625 | -11.7% |
| Fixed assets | 21/28 | €84,586 | €71,809 | -€12,778 | -15.1% |
| Intangible fixed assets | 21 | €4,951 | €3,848 | -€1,103 | -22.3% |
| Tangible fixed assets | 22/27 | €79,636 | €67,960 | -€11,675 | -14.7% |
| Land and buildings | 22 | €10,175 | €7,766 | -€2,409 | -23.7% |
| Plant, machinery and equipment | 23 | €39,585 | €31,603 | -€7,982 | -20.2% |
| Furniture and vehicles | 24 | - | €5,464 | +€5,464 | |
| Leasing and similar rights | 25 | €29,876 | €23,128 | -€6,748 | -22.6% |
| Current assets | 29/58 | €152,125 | €137,278 | -€14,847 | -9.8% |
| Amounts receivable within one year | 40/41 | €91,653 | €40,060 | -€51,593 | -56.3% |
| Trade receivables | 40 | €88,232 | €38,024 | -€50,208 | -56.9% |
| Other amounts receivable | 41 | €3,421 | €2,036 | -€1,385 | -40.5% |
| Cash at bank and in hand | 54/58 | €58,757 | €94,044 | +€35,287 | +60.1% |
| Deferred charges and accrued income | 490/1 | €1,715 | €3,174 | +€1,459 | +85.0% |
| Total equity and liabilities | 10/49 | €236,711 | €209,086 | -€27,625 | -11.7% |
| Equity | 10/15 | €105,311 | €102,071 | -€3,240 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,711 | €83,471 | -€3,240 | -3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €86,711 | €83,471 | -€3,240 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,401 | €107,015 | -€24,386 | -18.6% |
| Amounts payable after more than one year | 17 | €43,064 | €26,436 | -€16,628 | -38.6% |
| Financial debts | 170/4 | €43,064 | €26,436 | -€16,628 | -38.6% |
| Amounts payable within one year | 42/48 | €87,084 | €79,326 | -€7,758 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €16,171 | €16,628 | +€457 | +2.8% |
| Trade debts | 44 | €8,189 | €7,031 | -€1,158 | -14.1% |
| Suppliers | 440/4 | €8,189 | €7,031 | -€1,158 | -14.1% |
| Taxes, remuneration and social security | 45 | €12,723 | €2,204 | -€10,519 | -82.7% |
| Taxes | 450/3 | €12,723 | €2,204 | -€10,519 | -82.7% |
| Other amounts payable | 47/48 | €50,000 | €53,463 | +€3,463 | +6.9% |
| Accrued charges and deferred income | 492/3 | €1,253 | €1,253 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,111 | €26,025 | +€3,913 | +17.7% |
| Other operating charges | 640/8 | €729 | €691 | -€38 | -5.3% |
| Gross operating margin | 9900 | €94,515 | €90,284 | -€4,231 | -4.5% |
| Operating profit (loss) | 9901 | €71,674 | €63,569 | -€8,106 | -11.3% |
| Financial income | 75/76B | €137 | €379 | +€242 | +176.1% |
| Recurring financial income | 75 | €137 | €379 | +€242 | +176.1% |
| Financial charges | 65/66B | €1,429 | €2,402 | +€973 | +68.1% |
| Recurring financial charges | 65 | €1,429 | €2,402 | +€973 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €70,382 | €61,545 | -€8,837 | -12.6% |
| Income taxes | 67/77 | €14,419 | €13,067 | -€1,352 | -9.4% |
| Profit (loss) for the period | 9904 | €55,964 | €48,478 | -€7,485 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,964 | €48,478 | -€7,485 | -13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.