MELTEI: 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.
MELTEI
Largest movements
- Receivables within one year +€17,029
up €17,029 (+63.7%), from €26,723 to €43,751
of which Other amounts receivable: +€14,181
- Tangible fixed assets -€8,514
down €8,514 (-19.9%), from €42,875 to €34,361
of which Furniture and vehicles: -€5,155
- Current investments -€3,600
down €3,600 (-41.9%), from €8,600 to €5,000
- Cash +€2,836
up €2,836 (+14.4%), from €19,750 to €22,586
mainly Depreciation (+€11,573) and Net result for the year (+€9,523)
- Profit (loss) carried forward -€10,477
down €10,477 (-27.9%), from €37,580 to €27,103
- Trade debts +€8,287
up €8,287 (+383.4%), from €2,162 to €10,449
- Tax, wage and social debts +€6,655
up €6,655 (+56.4%), from €11,799 to €18,454
of which Taxes: +€5,145
- Short-term financial debts +€4,000
up €4,000 (+50.0%), from €8,000 to €12,000
- Gross operating margin +€27,618
up €27,618 (+24.1%), from €114,467 to €142,085
- Staff costs +€8,104
up €8,104 (+8.4%), from €96,393 to €104,497
- Financial charges +€4,710
up €4,710 (+113.3%), from €4,156 to €8,866
- Taxes +€3,256
up €3,256 (+268.4%), from €1,213 to €4,470
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 | €100,001 | €108,466 | +€8,465 | +8.5% |
| Fixed assets | 21/28 | €43,250 | €34,736 | -€8,514 | -19.7% |
| Tangible fixed assets | 22/27 | €42,875 | €34,361 | -€8,514 | -19.9% |
| Plant, machinery and equipment | 23 | €24,374 | €21,014 | -€3,359 | -13.8% |
| Furniture and vehicles | 24 | €18,502 | €13,347 | -€5,155 | -27.9% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €56,751 | €73,730 | +€16,979 | +29.9% |
| Stocks and contracts in progress | 3 | €1,678 | €2,393 | +€715 | +42.6% |
| Stocks | 30/36 | €1,678 | €2,393 | +€715 | +42.6% |
| Amounts receivable within one year | 40/41 | €26,723 | €43,751 | +€17,029 | +63.7% |
| Trade receivables | 40 | €3,594 | €6,441 | +€2,847 | +79.2% |
| Other amounts receivable | 41 | €23,129 | €37,310 | +€14,181 | +61.3% |
| Current investments | 50/53 | €8,600 | €5,000 | -€3,600 | -41.9% |
| Cash at bank and in hand | 54/58 | €19,750 | €22,586 | +€2,836 | +14.4% |
| Total equity and liabilities | 10/49 | €100,001 | €108,466 | +€8,465 | +8.5% |
| Equity | 10/15 | €58,040 | €47,563 | -€10,477 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,580 | €27,103 | -€10,477 | -27.9% |
| Amounts payable | 17/49 | €41,961 | €60,903 | +€18,942 | +45.1% |
| Amounts payable within one year | 42/48 | €41,961 | €60,903 | +€18,942 | +45.1% |
| Financial debts | 43 | €8,000 | €12,000 | +€4,000 | +50.0% |
| Other loans | 439 | €8,000 | €12,000 | +€4,000 | +50.0% |
| Trade debts | 44 | €2,162 | €10,449 | +€8,287 | +383.4% |
| Suppliers | 440/4 | €2,162 | €10,449 | +€8,287 | +383.4% |
| Taxes, remuneration and social security | 45 | €11,799 | €18,454 | +€6,655 | +56.4% |
| Taxes | 450/3 | €4,764 | €9,909 | +€5,145 | +108.0% |
| Remuneration and social security | 454/9 | €7,036 | €8,545 | +€1,510 | +21.5% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €96,393 | €104,497 | +€8,104 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,156 | €11,573 | +€418 | +3.7% |
| Other operating charges | 640/8 | €4,586 | €4,773 | +€187 | +4.1% |
| Gross operating margin | 9900 | €114,467 | €142,085 | +€27,618 | +24.1% |
| Operating profit (loss) | 9901 | €2,333 | €21,242 | +€18,908 | +810.4% |
| Financial income | 75/76B | €1,475 | €1,617 | +€141 | +9.6% |
| Recurring financial income | 75 | €1,475 | €1,617 | +€141 | +9.6% |
| Financial charges | 65/66B | €4,156 | €8,866 | +€4,710 | +113.3% |
| Recurring financial charges | 65 | €4,156 | €8,866 | +€4,710 | +113.3% |
| Profit (loss) for the period before taxes | 9903 | -€348 | €13,992 | +€14,340 | |
| Income taxes | 67/77 | €1,213 | €4,470 | +€3,256 | +268.4% |
| Profit (loss) for the period | 9904 | -€1,561 | €9,523 | +€11,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,561 | €9,523 | +€11,083 |
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 10 October 2026 via checked.be.