MELSTER CONSTRUCT: what changed
Two financial 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.
MELSTER CONSTRUCT
Largest movements
- Cash +€64,572
up €64,572 (+164.5%), from €39,262 to €103,834
mainly Trade debts (+€65,219) and Net result for the year (+€28,071)
- Tangible fixed assets +€5,993
up €5,993 (+89.4%), from €6,706 to €12,699
of which Furniture and vehicles: +€5,372
- Receivables within one year +€4,097
up €4,097 (+9.4%), from €43,595 to €47,691
of which Trade receivables: +€2,477
- Deferred charges and accrued income +€3,025
new in 2025: €3,025
- Trade debts +€65,219
up €65,219 (+658.7%), from €9,901 to €75,120
- Profit (loss) carried forward +€27,238
up €27,238 (+1181.7%), from €2,305 to €29,543
- Other debts -€17,948
down €17,948 (-26.9%), from €66,752 to €48,804
- Tax, wage and social debts +€10,189
up €10,189 (+569.2%), from €1,790 to €11,979
- Current portion of long-term debt -€4,376
down €4,376 (-62.4%), from €7,011 to €2,635
- Gross operating margin +€20,144
up €20,144 (+85.1%), from €23,685 to €43,829
- Taxes +€8,399
up €8,399 (+469.2%), from €1,790 to €10,189
- Depreciation -€3,034
down €3,034 (-37.6%), from €8,076 to €5,041
- Financial income +€982
up €982 (+641.6%), from €153 to €1,135
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 | €95,394 | €173,081 | +€77,687 | +81.4% |
| Fixed assets | 21/28 | €8,470 | €14,463 | +€5,993 | +70.8% |
| Tangible fixed assets | 22/27 | €6,706 | €12,699 | +€5,993 | +89.4% |
| Plant, machinery and equipment | 23 | €3,734 | €4,354 | +€621 | +16.6% |
| Furniture and vehicles | 24 | €2,973 | €8,345 | +€5,372 | +180.7% |
| Financial fixed assets | 28 | €1,764 | €1,764 | = | 0.0% |
| Current assets | 29/58 | €86,924 | €158,618 | +€71,694 | +82.5% |
| Stocks and contracts in progress | 3 | €4,067 | €4,067 | = | 0.0% |
| Stocks | 30/36 | €4,067 | €4,067 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,595 | €47,691 | +€4,097 | +9.4% |
| Trade receivables | 40 | €23,105 | €25,582 | +€2,477 | +10.7% |
| Other amounts receivable | 41 | €20,489 | €22,109 | +€1,620 | +7.9% |
| Cash at bank and in hand | 54/58 | €39,262 | €103,834 | +€64,572 | +164.5% |
| Deferred charges and accrued income | 490/1 | - | €3,025 | +€3,025 | |
| Total equity and liabilities | 10/49 | €95,394 | €173,081 | +€77,687 | +81.4% |
| Equity | 10/15 | €7,305 | €34,543 | +€27,238 | +372.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,305 | €29,543 | +€27,238 | +1181.7% |
| Amounts payable | 17/49 | €88,089 | €138,538 | +€50,449 | +57.3% |
| Amounts payable after more than one year | 17 | €2,635 | - | -€2,635 | |
| Financial debts | 170/4 | €2,635 | - | -€2,635 | |
| Amounts payable within one year | 42/48 | €85,454 | €138,538 | +€53,084 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €7,011 | €2,635 | -€4,376 | -62.4% |
| Trade debts | 44 | €9,901 | €75,120 | +€65,219 | +658.7% |
| Suppliers | 440/4 | €9,901 | €75,120 | +€65,219 | +658.7% |
| Taxes, remuneration and social security | 45 | €1,790 | €11,979 | +€10,189 | +569.2% |
| Taxes | 450/3 | €1,790 | €11,979 | +€10,189 | +569.2% |
| Other amounts payable | 47/48 | €66,752 | €48,804 | -€17,948 | -26.9% |
| Remuneration, social security and pensions | 62 | -€158 | - | +€158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,076 | €5,041 | -€3,034 | -37.6% |
| Other operating charges | 640/8 | €1,575 | €1,327 | -€247 | -15.7% |
| Gross operating margin | 9900 | €23,685 | €43,829 | +€20,144 | +85.1% |
| Operating profit (loss) | 9901 | €14,192 | €37,460 | +€23,268 | +163.9% |
| Financial income | 75/76B | €153 | €1,135 | +€982 | +641.6% |
| Recurring financial income | 75 | €153 | €1,135 | +€982 | +641.6% |
| Financial charges | 65/66B | €672 | €335 | -€338 | -50.2% |
| Recurring financial charges | 65 | €672 | €335 | -€338 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €13,673 | €38,260 | +€24,587 | +179.8% |
| Income taxes | 67/77 | €1,790 | €10,189 | +€8,399 | +469.2% |
| Profit (loss) for the period | 9904 | €11,883 | €28,071 | +€16,188 | +136.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,883 | €28,071 | +€16,188 | +136.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.