MELSTEP: 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.
MELSTEP
Largest movements
- Cash -€91,396
down €91,396 (-94.1%), from €97,162 to €5,766
mainly Investment in fixed assets (net) (-€50,353) and Tax, wage and social debts (-€22,521)
- Tangible fixed assets +€35,251
up €35,251 (+13.9%), from €253,829 to €289,080
of which Land and buildings: +€36,040
- Receivables within one year +€14,740
new in 2024: €14,740
- Tax, wage and social debts -€22,521
no longer reported in 2024 (was €22,521)
- Other debts -€10,177
down €10,177 (-88.5%), from €11,503 to €1,327
- Reserves -€8,855
down €8,855 (-3.5%), from €250,152 to €241,297
of which Distributable reserves: -€8,855
- Gross operating margin -€115,096
down €115,096 (-90.8%), from €126,811 to €11,715
- Taxes -€35,535
down €35,535 (-99.3%), from €35,795 to €260
- Depreciation +€3,714
up €3,714 (+32.6%), from €11,388 to €15,102
- Other operating charges +€2,295
up €2,295 (+56.9%), from €4,031 to €6,326
- Provisions -€1,500
new in 2024: -€1,500
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 | €353,201 | €310,956 | -€42,245 | -12.0% |
| Fixed assets | 21/28 | €253,829 | €289,080 | +€35,251 | +13.9% |
| Tangible fixed assets | 22/27 | €253,829 | €289,080 | +€35,251 | +13.9% |
| Land and buildings | 22 | €245,260 | €281,300 | +€36,040 | +14.7% |
| Plant, machinery and equipment | 23 | €724 | €482 | -€241 | -33.3% |
| Furniture and vehicles | 24 | €7,846 | €7,298 | -€548 | -7.0% |
| Current assets | 29/58 | €99,372 | €21,876 | -€77,496 | -78.0% |
| Amounts receivable within one year | 40/41 | - | €14,740 | +€14,740 | |
| Other amounts receivable | 41 | - | €14,740 | +€14,740 | |
| Cash at bank and in hand | 54/58 | €97,162 | €5,766 | -€91,396 | -94.1% |
| Deferred charges and accrued income | 490/1 | €2,210 | €1,369 | -€840 | -38.0% |
| Total equity and liabilities | 10/49 | €353,201 | €310,956 | -€42,245 | -12.0% |
| Equity | 10/15 | €315,152 | €306,297 | -€8,855 | -2.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €250,152 | €241,297 | -€8,855 | -3.5% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €243,652 | €234,797 | -€8,855 | -3.6% |
| Provisions and deferred taxes | 16 | €1,500 | - | -€1,500 | |
| Provisions for liabilities and charges | 160/5 | €1,500 | - | -€1,500 | |
| Other liabilities and charges | 164/5 | €1,500 | - | -€1,500 | |
| Amounts payable | 17/49 | €36,549 | €4,659 | -€31,890 | -87.3% |
| Amounts payable within one year | 42/48 | €36,534 | €4,644 | -€31,890 | -87.3% |
| Trade debts | 44 | €2,509 | €3,317 | +€808 | +32.2% |
| Suppliers | 440/4 | €2,509 | €3,317 | +€808 | +32.2% |
| Taxes, remuneration and social security | 45 | €22,521 | - | -€22,521 | |
| Taxes | 450/3 | €22,521 | - | -€22,521 | |
| Other amounts payable | 47/48 | €11,503 | €1,327 | -€10,177 | -88.5% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,388 | €15,102 | +€3,714 | +32.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€1,500 | -€1,500 | |
| Other operating charges | 640/8 | €4,031 | €6,326 | +€2,295 | +56.9% |
| Gross operating margin | 9900 | €126,811 | €11,715 | -€115,096 | -90.8% |
| Operating profit (loss) | 9901 | €111,391 | -€8,213 | -€119,605 | |
| Financial charges | 65/66B | €515 | €382 | -€133 | -25.8% |
| Recurring financial charges | 65 | €515 | €382 | -€133 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €110,876 | -€8,596 | -€119,472 | |
| Income taxes | 67/77 | €35,795 | €260 | -€35,535 | -99.3% |
| Profit (loss) for the period | 9904 | €75,081 | -€8,855 | -€83,937 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,081 | -€8,855 | -€83,937 |
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 3 October 2026 via checked.be.