MELTILO: 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.
MELTILO
Largest movements
- Receivables after one year -€8,333
down €8,333 (-10.6%), from €78,333 to €70,000
- Other debts +€98,598
up €98,598 (+5,918%), from €1,666 to €100,264
- Reserves -€91,551
down €91,551 (-23.1%), from €397,128 to €305,576
of which Distributable reserves: -€91,551
- Tax, wage and social debts -€8,500
down €8,500 (-81.6%), from €10,421 to €1,920
- Debts after one year -€7,192
down €7,192 (-7.8%), from €92,460 to €85,268
- Depreciation -€23,164
down €23,164 (-55.3%), from €41,861 to €18,696
- Gross operating margin -€21,746
down €21,746 (-24.4%), from €89,008 to €67,262
- Other operating charges +€2,710
up €2,710 (+209%), from €1,296 to €4,005
- Financial charges +€2,299
up €2,299 (+211%), from €1,089 to €3,388
- Taxes -€1,044
down €1,044 (-8.1%), from €12,944 to €11,901
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 | €518,593 | €509,684 | -€8,910 | -1.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €297,007 | €294,916 | -€2,090 | -0.7% |
| Tangible fixed assets | 22/27 | €297,007 | €294,916 | -€2,090 | -0.7% |
| Land and buildings | 22 | €283,268 | €269,017 | -€14,251 | -5.0% |
| Plant, machinery and equipment | 23 | €1,038 | €8,041 | +€7,003 | +675% |
| Furniture and vehicles | 24 | €11,396 | €8,981 | -€2,415 | -21.2% |
| Other tangible fixed assets | 26 | €1,304 | €8,877 | +€7,573 | +581% |
| Current assets | 29/58 | €221,587 | €214,767 | -€6,820 | -3.1% |
| Amounts receivable after more than one year | 29 | €78,333 | €70,000 | -€8,333 | -10.6% |
| Other amounts receivable | 291 | €78,333 | €70,000 | -€8,333 | -10.6% |
| Amounts receivable within one year | 40/41 | €9,248 | €8,933 | -€315 | -3.4% |
| Other amounts receivable | 41 | €9,248 | €8,933 | -€315 | -3.4% |
| Cash at bank and in hand | 54/58 | €131,754 | €132,790 | +€1,036 | +0.8% |
| Deferred charges and accrued income | 490/1 | €2,251 | €3,044 | +€793 | +35.2% |
| Total equity and liabilities | 10/49 | €518,593 | €509,684 | -€8,910 | -1.7% |
| Equity | 10/15 | €403,328 | €311,776 | -€91,551 | -22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €397,128 | €305,576 | -€91,551 | -23.1% |
| 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 | €54 | €54 | = | 0.0% |
| Distributable reserves | 133 | €395,213 | €303,662 | -€91,551 | -23.2% |
| Amounts payable | 17/49 | €115,266 | €197,907 | +€82,641 | +71.7% |
| Amounts payable after more than one year | 17 | €92,460 | €85,268 | -€7,192 | -7.8% |
| Financial debts | 170/4 | €92,460 | €85,268 | -€7,192 | -7.8% |
| Amounts payable within one year | 42/48 | €22,806 | €112,639 | +€89,834 | +394% |
| Current portion of amounts payable after more than one year | 42 | €6,966 | €7,192 | +€226 | +3.3% |
| Trade debts | 44 | €3,753 | €3,263 | -€490 | -13.1% |
| Suppliers | 440/4 | €3,753 | €3,263 | -€490 | -13.1% |
| Taxes, remuneration and social security | 45 | €10,421 | €1,920 | -€8,500 | -81.6% |
| Taxes | 450/3 | €10,421 | €1,920 | -€8,500 | -81.6% |
| Other amounts payable | 47/48 | €1,666 | €100,264 | +€98,598 | +5,918% |
| Non-recurring operating income | 76A | - | €249 | +€249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,861 | €18,696 | -€23,164 | -55.3% |
| Other operating charges | 640/8 | €1,296 | €4,005 | +€2,710 | +209% |
| Gross operating margin | 9900 | €89,008 | €67,262 | -€21,746 | -24.4% |
| Operating profit (loss) | 9901 | €45,852 | €44,560 | -€1,292 | -2.8% |
| Financial income | 75/76B | €1,626 | €1,140 | -€486 | -29.9% |
| Recurring financial income | 75 | €1,626 | €1,140 | -€486 | -29.9% |
| Financial charges | 65/66B | €1,089 | €3,388 | +€2,299 | +211% |
| Recurring financial charges | 65 | €1,089 | €3,388 | +€2,299 | +211% |
| Profit (loss) for the period before taxes | 9903 | €46,389 | €42,313 | -€4,076 | -8.8% |
| Income taxes | 67/77 | €12,944 | €11,901 | -€1,044 | -8.1% |
| Profit (loss) for the period | 9904 | €33,445 | €30,412 | -€3,033 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,445 | €30,412 | -€3,033 | -9.1% |
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 15 October 2026 via checked.be.