MELT: 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.
MELT
Largest movements
- Cash +€76,282
up €76,282 (+139.8%), from €54,564 to €130,846
mainly Net result for the year (+€92,194) and Tax, wage and social debts (+€16,575)
- Tangible fixed assets +€22,076
up €22,076 (+116.3%), from €18,975 to €41,051
of which Furniture and vehicles: +€19,916
- Profit (loss) carried forward +€92,194
up €92,194 (+250.9%), from €36,744 to €128,938
- Tax, wage and social debts +€16,575
up €16,575 (+151.9%), from €10,915 to €27,490
- Trade debts -€6,977
down €6,977 (-95.4%), from €7,310 to €333
- Other debts -€2,767
down €2,767 (-8.2%), from €33,588 to €30,821
- Gross operating margin +€83,262
up €83,262 (+166.8%), from €49,931 to €133,193
- Taxes +€17,338
up €17,338 (+183.6%), from €9,446 to €26,784
- Depreciation +€7,620
up €7,620 (+376.2%), from €2,025 to €9,645
- Other operating charges +€1,532
up €1,532 (+213.6%), from €717 to €2,249
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 | €91,556 | €190,581 | +€99,025 | +108.2% |
| Fixed assets | 21/28 | €18,975 | €41,051 | +€22,076 | +116.3% |
| Tangible fixed assets | 22/27 | €18,975 | €41,051 | +€22,076 | +116.3% |
| Plant, machinery and equipment | 23 | €1,686 | €3,847 | +€2,160 | +128.1% |
| Furniture and vehicles | 24 | €17,288 | €37,204 | +€19,916 | +115.2% |
| Current assets | 29/58 | €72,582 | €149,530 | +€76,949 | +106.0% |
| Amounts receivable within one year | 40/41 | €17,079 | €17,649 | +€570 | +3.3% |
| Trade receivables | 40 | €17,079 | €17,646 | +€567 | +3.3% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €54,564 | €130,846 | +€76,282 | +139.8% |
| Deferred charges and accrued income | 490/1 | €939 | €1,036 | +€97 | +10.3% |
| Total equity and liabilities | 10/49 | €91,556 | €190,581 | +€99,025 | +108.2% |
| Equity | 10/15 | €39,744 | €131,938 | +€92,194 | +232.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,744 | €128,938 | +€92,194 | +250.9% |
| Amounts payable | 17/49 | €51,813 | €58,644 | +€6,831 | +13.2% |
| Amounts payable within one year | 42/48 | €51,813 | €58,644 | +€6,831 | +13.2% |
| Trade debts | 44 | €7,310 | €333 | -€6,977 | -95.4% |
| Suppliers | 440/4 | €7,310 | €333 | -€6,977 | -95.4% |
| Taxes, remuneration and social security | 45 | €10,915 | €27,490 | +€16,575 | +151.9% |
| Taxes | 450/3 | €10,915 | €27,490 | +€16,575 | +151.9% |
| Other amounts payable | 47/48 | €33,588 | €30,821 | -€2,767 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,025 | €9,645 | +€7,620 | +376.2% |
| Other operating charges | 640/8 | €717 | €2,249 | +€1,532 | +213.6% |
| Gross operating margin | 9900 | €49,931 | €133,193 | +€83,262 | +166.8% |
| Operating profit (loss) | 9901 | €47,189 | €121,299 | +€74,111 | +157.1% |
| Financial income | 75/76B | €49 | €10 | -€39 | -79.9% |
| Recurring financial income | 75 | €49 | €10 | -€39 | -79.9% |
| Financial charges | 65/66B | €1,048 | €2,331 | +€1,283 | +122.4% |
| Recurring financial charges | 65 | €1,048 | €2,331 | +€1,283 | +122.4% |
| Profit (loss) for the period before taxes | 9903 | €46,189 | €118,978 | +€72,789 | +157.6% |
| Income taxes | 67/77 | €9,446 | €26,784 | +€17,338 | +183.6% |
| Profit (loss) for the period | 9904 | €36,744 | €92,194 | +€55,450 | +150.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,744 | €92,194 | +€55,450 | +150.9% |
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 30 September 2026 via checked.be.