MELTIC: 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.
MELTIC
Largest movements
- Tangible fixed assets -€35,808
down €35,808 (-11.5%), from €310,495 to €274,687
of which Furniture and vehicles: -€22,265
- Current investments +€25,323
up €25,323 (+28.0%), from €90,316 to €115,639
- Receivables after one year -€20,404
no longer reported in 2025 (was €20,404)
- Cash +€13,487
up €13,487 (+294%), from €4,582 to €18,068
mainly Net result for the year (+€49,660) and Depreciation (+€35,808)
- Debts after one year -€27,769
down €27,769 (-14.5%), from €192,082 to €164,313
- Other debts +€5,802
up €5,802 (+82.9%), from €7,000 to €12,802
- Tax, wage and social debts +€4,777
up €4,777 (+76.2%), from €6,267 to €11,044
- Gross operating margin +€21,722
up €21,722 (+25.9%), from €83,762 to €105,483
- Taxes +€3,914
up €3,914 (+45.0%), from €8,693 to €12,606
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 | €441,243 | €424,964 | -€16,280 | -3.7% |
| Fixed assets | 21/28 | €310,495 | €274,687 | -€35,808 | -11.5% |
| Tangible fixed assets | 22/27 | €310,495 | €274,687 | -€35,808 | -11.5% |
| Land and buildings | 22 | €243,248 | €231,961 | -€11,287 | -4.6% |
| Furniture and vehicles | 24 | €48,147 | €25,882 | -€22,265 | -46.2% |
| Other tangible fixed assets | 26 | €19,100 | €16,843 | -€2,256 | -11.8% |
| Current assets | 29/58 | €130,748 | €150,276 | +€19,528 | +14.9% |
| Amounts receivable after more than one year | 29 | €20,404 | - | -€20,404 | |
| Other amounts receivable | 291 | €20,404 | - | -€20,404 | |
| Amounts receivable within one year | 40/41 | €15,445 | €16,569 | +€1,123 | +7.3% |
| Trade receivables | 40 | €15,445 | €16,569 | +€1,123 | +7.3% |
| Current investments | 50/53 | €90,316 | €115,639 | +€25,323 | +28.0% |
| Cash at bank and in hand | 54/58 | €4,582 | €18,068 | +€13,487 | +294% |
| Total equity and liabilities | 10/49 | €441,243 | €424,964 | -€16,280 | -3.7% |
| Equity | 10/15 | €206,530 | €205,332 | -€1,197 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,107 | €81,107 | = | 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% |
| Tax-exempt reserves | 132 | €9,766 | €9,766 | = | 0.0% |
| Distributable reserves | 133 | €69,480 | €69,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,223 | €118,026 | -€1,197 | -1.0% |
| Provisions and deferred taxes | 16 | €1,975 | €1,975 | = | 0.0% |
| Deferred taxes | 168 | €1,975 | €1,975 | = | 0.0% |
| Amounts payable | 17/49 | €232,738 | €217,656 | -€15,082 | -6.5% |
| Amounts payable after more than one year | 17 | €192,082 | €164,313 | -€27,769 | -14.5% |
| Financial debts | 170/4 | €192,082 | €164,313 | -€27,769 | -14.5% |
| Amounts payable within one year | 42/48 | €40,545 | €52,843 | +€12,298 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €27,188 | €27,769 | +€581 | +2.1% |
| Trade debts | 44 | €90 | €1,228 | +€1,138 | +1,264% |
| Suppliers | 440/4 | €90 | €1,228 | +€1,138 | +1,264% |
| Taxes, remuneration and social security | 45 | €6,267 | €11,044 | +€4,777 | +76.2% |
| Taxes | 450/3 | €6,267 | €11,044 | +€4,777 | +76.2% |
| Other amounts payable | 47/48 | €7,000 | €12,802 | +€5,802 | +82.9% |
| Accrued charges and deferred income | 492/3 | €111 | €500 | +€389 | +350% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,808 | €35,808 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,650 | €2,749 | +€100 | +3.8% |
| Gross operating margin | 9900 | €83,762 | €105,483 | +€21,722 | +25.9% |
| Operating profit (loss) | 9901 | €45,304 | €66,926 | +€21,622 | +47.7% |
| Financial income | 75/76B | €309 | €323 | +€13 | +4.3% |
| Recurring financial income | 75 | €309 | €323 | +€13 | +4.3% |
| Financial charges | 65/66B | €5,715 | €4,983 | -€732 | -12.8% |
| Recurring financial charges | 65 | €5,715 | €4,983 | -€732 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €39,899 | €62,266 | +€22,368 | +56.1% |
| Income taxes | 67/77 | €8,693 | €12,606 | +€3,914 | +45.0% |
| Profit (loss) for the period | 9904 | €31,206 | €49,660 | +€18,454 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,206 | €49,660 | +€18,454 | +59.1% |
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 15 October 2026 via checked.be.