MELTA: 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.
MELTA
Largest movements
- Tangible fixed assets -€210,075
down €210,075 (-89.9%), from €233,561 to €23,486
of which Land and buildings: -€194,972
- Cash +€86,198
up €86,198 (+3,716%), from €2,319 to €88,518
mainly Investment in fixed assets (net) (+€206,302) and Contributions, distributions and other (+€69,014)
- Stocks and contracts -€3,727
down €3,727 (-100%), from €3,727 to €0
- Receivables within one year -€3,683
down €3,683 (-31.8%), from €11,595 to €7,912
of which Trade receivables: -€3,546
- Debts after one year -€222,524
down €222,524 (-100%), from €222,524 to €0
- Reserves +€103,141
up €103,141 (+200%), from €51,698 to €154,839
of which Tax-exempt reserves: +€103,141
- Provisions +€34,380
new in 2025: €34,380
- Accrued charges and deferred income -€24,627
down €24,627 (-95.0%), from €25,916 to €1,289
- Current portion of long-term debt -€17,132
down €17,132 (-90.9%), from €18,846 to €1,714
- Gross operating margin +€144,771
up €144,771 (+2,691%), from €5,379 to €150,150
- Depreciation -€17,882
down €17,882 (-83.1%), from €21,526 to €3,644
- Financial charges -€4,120
down €4,120 (-39.2%), from €10,500 to €6,380
- Other operating charges -€1,960
down €1,960 (-55.6%), from €3,525 to €1,565
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.
Derived cash bridge
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 | €325,258 | €194,046 | -€131,212 | -40.3% |
| Fixed assets | 21/28 | €233,561 | €23,616 | -€209,945 | -89.9% |
| Tangible fixed assets | 22/27 | €233,561 | €23,486 | -€210,075 | -89.9% |
| Land and buildings | 22 | €194,972 | €0 | -€194,972 | -100% |
| Plant, machinery and equipment | 23 | €1,260 | €6,678 | +€5,418 | +430% |
| Furniture and vehicles | 24 | €26,867 | €1,916 | -€24,951 | -92.9% |
| Other tangible fixed assets | 26 | €10,463 | €14,892 | +€4,430 | +42.3% |
| Financial fixed assets | 28 | - | €130 | +€130 | |
| Current assets | 29/58 | €91,697 | €170,430 | +€78,733 | +85.9% |
| Amounts receivable after more than one year | 29 | €74,000 | €74,000 | = | 0.0% |
| Trade receivables | 290 | €74,000 | €74,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,727 | €0 | -€3,727 | -100% |
| Stocks | 30/36 | €3,727 | €0 | -€3,727 | -100% |
| Amounts receivable within one year | 40/41 | €11,595 | €7,912 | -€3,683 | -31.8% |
| Trade receivables | 40 | €4,244 | €698 | -€3,546 | -83.6% |
| Other amounts receivable | 41 | €7,352 | €7,215 | -€137 | -1.9% |
| Cash at bank and in hand | 54/58 | €2,319 | €88,518 | +€86,198 | +3,716% |
| Deferred charges and accrued income | 490/1 | €55 | €0 | -€55 | -100% |
| Total equity and liabilities | 10/49 | €325,258 | €194,046 | -€131,212 | -40.3% |
| Equity | 10/15 | €24,792 | €129,142 | +€104,350 | +421% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,698 | €154,839 | +€103,141 | +200% |
| Tax-exempt reserves | 132 | €9,000 | €112,141 | +€103,141 | +1,146% |
| Distributable reserves | 133 | €42,698 | €42,698 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,907 | -€28,698 | +€1,209 | +4.0% |
| Provisions and deferred taxes | 16 | - | €34,380 | +€34,380 | |
| Deferred taxes | 168 | - | €34,380 | +€34,380 | |
| Amounts payable | 17/49 | €300,467 | €30,524 | -€269,942 | -89.8% |
| Amounts payable after more than one year | 17 | €222,524 | €0 | -€222,524 | -100% |
| Financial debts | 170/4 | €222,524 | €0 | -€222,524 | -100% |
| Amounts payable within one year | 42/48 | €52,026 | €29,235 | -€22,791 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €18,846 | €1,714 | -€17,132 | -90.9% |
| Financial debts | 43 | €3,101 | €1,392 | -€1,708 | -55.1% |
| Credit institutions | 430/8 | €3,101 | €1,392 | -€1,708 | -55.1% |
| Trade debts | 44 | €10,734 | €849 | -€9,885 | -92.1% |
| Suppliers | 440/4 | €10,734 | €849 | -€9,885 | -92.1% |
| Advances received on contracts in progress | 46 | - | €510 | +€510 | |
| Taxes, remuneration and social security | 45 | €5,151 | €3,834 | -€1,317 | -25.6% |
| Taxes | 450/3 | €5,151 | €3,834 | -€1,317 | -25.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €14,195 | €20,935 | +€6,741 | +47.5% |
| Accrued charges and deferred income | 492/3 | €25,916 | €1,289 | -€24,627 | -95.0% |
| Non-recurring operating income | 76A | €10,150 | €138,028 | +€127,878 | +1,260% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,526 | €3,644 | -€17,882 | -83.1% |
| Other operating charges | 640/8 | €3,525 | €1,565 | -€1,960 | -55.6% |
| Non-recurring operating charges | 66A | €1,700 | €2,051 | +€351 | +20.6% |
| Gross operating margin | 9900 | €5,379 | €150,150 | +€144,771 | +2,691% |
| Operating profit (loss) | 9901 | -€21,372 | €142,890 | +€164,262 | |
| Financial income | 75/76B | €2,336 | €2,342 | +€6 | +0.3% |
| Recurring financial income | 75 | €2,336 | €2,342 | +€6 | +0.3% |
| Financial charges | 65/66B | €10,500 | €6,380 | -€4,120 | -39.2% |
| Recurring financial charges | 65 | €10,500 | €6,380 | -€4,120 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,536 | €138,852 | +€168,388 | |
| Transfer from deferred taxes | 780 | - | €127 | +€127 | |
| Transfer to deferred taxes | 680 | - | €103,521 | +€103,521 | |
| Income taxes | 67/77 | €371 | €122 | -€249 | -67.2% |
| Profit (loss) for the period | 9904 | -€29,907 | €35,336 | +€65,243 | |
| Transfer from tax-exempt reserves | 789 | - | €380 | +€380 | |
| Transfer to tax-exempt reserves | 689 | - | €34,507 | +€34,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,907 | €1,209 | +€31,116 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.