Meltech: 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.
Meltech
Largest movements
- Cash +€96,748
up €96,748 (+107.9%), from €89,639 to €186,387
mainly Net result for the year (+€60,358) and Depreciation (+€27,851)
- Tangible fixed assets -€28,533
down €28,533 (-31.9%), from €89,469 to €60,936
of which Furniture and vehicles: -€27,090
- Stocks and contracts -€21,348
no longer reported in 2025 (was €21,348)
- Receivables within one year -€6,908
down €6,908 (-9.8%), from €70,144 to €63,236
of which Trade receivables: -€15,905
- Reserves +€60,358
up €60,358 (+31.6%), from €191,155 to €251,514
- Debts after one year -€17,762
down €17,762 (-51.8%), from €34,321 to €16,559
- Current portion of long-term debt -€4,420
down €4,420 (-19.9%), from €22,182 to €17,762
- Gross operating margin +€13,471
up €13,471 (+12.5%), from €107,929 to €121,399
- Taxes +€4,323
up €4,323 (+17.4%), from €24,905 to €29,228
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 | €274,023 | €314,373 | +€40,350 | +14.7% |
| Fixed assets | 21/28 | €89,469 | €60,936 | -€28,533 | -31.9% |
| Tangible fixed assets | 22/27 | €89,469 | €60,936 | -€28,533 | -31.9% |
| Plant, machinery and equipment | 23 | €4,473 | €3,171 | -€1,302 | -29.1% |
| Furniture and vehicles | 24 | €84,762 | €57,672 | -€27,090 | -32.0% |
| Other tangible fixed assets | 26 | €235 | €94 | -€141 | -60.0% |
| Current assets | 29/58 | €184,554 | €253,437 | +€68,883 | +37.3% |
| Stocks and contracts in progress | 3 | €21,348 | - | -€21,348 | |
| Contracts in progress | 37 | €21,348 | - | -€21,348 | |
| Amounts receivable within one year | 40/41 | €70,144 | €63,236 | -€6,908 | -9.8% |
| Trade receivables | 40 | €50,998 | €35,093 | -€15,905 | -31.2% |
| Other amounts receivable | 41 | €19,146 | €28,143 | +€8,998 | +47.0% |
| Cash at bank and in hand | 54/58 | €89,639 | €186,387 | +€96,748 | +107.9% |
| Deferred charges and accrued income | 490/1 | €3,423 | €3,813 | +€390 | +11.4% |
| Total equity and liabilities | 10/49 | €274,023 | €314,373 | +€40,350 | +14.7% |
| Equity | 10/15 | €209,755 | €270,114 | +€60,358 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,155 | €251,514 | +€60,358 | +31.6% |
| Distributable reserves | 133 | €191,155 | €251,514 | +€60,358 | +31.6% |
| Amounts payable | 17/49 | €64,268 | €44,259 | -€20,009 | -31.1% |
| Amounts payable after more than one year | 17 | €34,321 | €16,559 | -€17,762 | -51.8% |
| Financial debts | 170/4 | €34,321 | €16,559 | -€17,762 | -51.8% |
| Amounts payable within one year | 42/48 | €29,947 | €27,701 | -€2,246 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €22,182 | €17,762 | -€4,420 | -19.9% |
| Trade debts | 44 | €680 | €1,224 | +€544 | +80.1% |
| Suppliers | 440/4 | €680 | €1,224 | +€544 | +80.1% |
| Taxes, remuneration and social security | 45 | €7,085 | €8,714 | +€1,629 | +23.0% |
| Taxes | 450/3 | €7,085 | €8,714 | +€1,629 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,342 | €27,851 | +€510 | +1.9% |
| Other operating charges | 640/8 | €1,521 | €1,550 | +€28 | +1.9% |
| Non-recurring operating charges | 66A | - | €2,117 | +€2,117 | |
| Gross operating margin | 9900 | €107,929 | €121,399 | +€13,471 | +12.5% |
| Operating profit (loss) | 9901 | €79,066 | €89,881 | +€10,815 | +13.7% |
| Financial income | 75/76B | €318 | €1,178 | +€860 | +270.0% |
| Recurring financial income | 75 | €318 | €1,178 | +€860 | +270.0% |
| Financial charges | 65/66B | €1,006 | €1,472 | +€466 | +46.3% |
| Recurring financial charges | 65 | €1,006 | €1,472 | +€466 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €78,378 | €89,586 | +€11,208 | +14.3% |
| Income taxes | 67/77 | €24,905 | €29,228 | +€4,323 | +17.4% |
| Profit (loss) for the period | 9904 | €53,473 | €60,358 | +€6,885 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,473 | €60,358 | +€6,885 | +12.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.