MELTING PROD: 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.
MELTING PROD
Largest movements
- Cash -€128,101
down €128,101 (-53.3%), from €240,145 to €112,044
mainly Receivables within one year (-€126,913) and Current investments (-€109,650)
- Receivables within one year +€126,913
up €126,913 (+37.9%), from €335,262 to €462,176
of which Other amounts receivable: +€130,280
- Current investments +€109,650
new in 2025: €109,650
- Tangible fixed assets -€20,662
down €20,662 (-32.8%), from €62,986 to €42,324
of which Furniture and vehicles: -€19,240
- Reserves +€70,621
up €70,621 (+42.8%), from €165,166 to €235,786
- Short-term financial debts -€60,000
no longer reported in 2025 (was €60,000)
- Trade debts +€59,324
up €59,324 (+43.6%), from €136,138 to €195,462
- Other debts +€41,057
up €41,057 (+1,182%), from €3,473 to €44,530
- Accrued charges and deferred income -€25,706
down €25,706 (-13.5%), from €189,978 to €164,272
- Gross operating margin +€87,913
up €87,913 (+49.0%), from €179,594 to €267,507
- Staff costs +€21,866
up €21,866 (+51.1%), from €42,789 to €64,655
- Taxes +€19,208
up €19,208 (+58.8%), from €32,641 to €51,850
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 | €642,318 | €732,344 | +€90,025 | +14.0% |
| Fixed assets | 21/28 | €62,986 | €46,074 | -€16,912 | -26.9% |
| Tangible fixed assets | 22/27 | €62,986 | €42,324 | -€20,662 | -32.8% |
| Furniture and vehicles | 24 | €53,049 | €33,810 | -€19,240 | -36.3% |
| Other tangible fixed assets | 26 | €9,937 | €8,514 | -€1,422 | -14.3% |
| Financial fixed assets | 28 | - | €3,750 | +€3,750 | |
| Current assets | 29/58 | €579,332 | €686,270 | +€106,937 | +18.5% |
| Amounts receivable within one year | 40/41 | €335,262 | €462,176 | +€126,913 | +37.9% |
| Trade receivables | 40 | €270,392 | €267,025 | -€3,367 | -1.2% |
| Other amounts receivable | 41 | €64,871 | €195,151 | +€130,280 | +201% |
| Current investments | 50/53 | - | €109,650 | +€109,650 | |
| Cash at bank and in hand | 54/58 | €240,145 | €112,044 | -€128,101 | -53.3% |
| Deferred charges and accrued income | 490/1 | €3,925 | €2,400 | -€1,525 | -38.9% |
| Total equity and liabilities | 10/49 | €642,318 | €732,344 | +€90,025 | +14.0% |
| Equity | 10/15 | €189,309 | €259,930 | +€70,621 | +37.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €165,166 | €235,786 | +€70,621 | +42.8% |
| Distributable reserves | 133 | €165,166 | €235,786 | +€70,621 | +42.8% |
| Profit (loss) carried forward | 14 | €4,144 | €4,144 | = | 0.0% |
| Amounts payable | 17/49 | €453,009 | €472,414 | +€19,405 | +4.3% |
| Amounts payable within one year | 42/48 | €263,032 | €308,142 | +€45,110 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €2,275 | - | -€2,275 | |
| Financial debts | 43 | €60,000 | - | -€60,000 | |
| Credit institutions | 430/8 | €60,000 | - | -€60,000 | |
| Trade debts | 44 | €136,138 | €195,462 | +€59,324 | +43.6% |
| Suppliers | 440/4 | €136,138 | €195,462 | +€59,324 | +43.6% |
| Taxes, remuneration and social security | 45 | €61,146 | €68,150 | +€7,004 | +11.5% |
| Taxes | 450/3 | €53,297 | €59,443 | +€6,146 | +11.5% |
| Remuneration and social security | 454/9 | €7,849 | €8,707 | +€858 | +10.9% |
| Other amounts payable | 47/48 | €3,473 | €44,530 | +€41,057 | +1,182% |
| Accrued charges and deferred income | 492/3 | €189,978 | €164,272 | -€25,706 | -13.5% |
| Remuneration, social security and pensions | 62 | €42,789 | €64,655 | +€21,866 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,213 | €30,980 | -€234 | -0.7% |
| Other operating charges | 640/8 | €4,671 | €4,294 | -€377 | -8.1% |
| Gross operating margin | 9900 | €179,594 | €267,507 | +€87,913 | +49.0% |
| Operating profit (loss) | 9901 | €100,920 | €167,579 | +€66,658 | +66.1% |
| Financial income | 75/76B | €1 | €651 | +€649 | +60,697% |
| Recurring financial income | 75 | €1 | €651 | +€649 | +60,697% |
| Financial charges | 65/66B | €564 | €1,415 | +€851 | +151% |
| Recurring financial charges | 65 | €564 | €1,415 | +€851 | +151% |
| Profit (loss) for the period before taxes | 9903 | €100,357 | €166,814 | +€66,457 | +66.2% |
| Income taxes | 67/77 | €32,641 | €51,850 | +€19,208 | +58.8% |
| Profit (loss) for the period | 9904 | €67,716 | €114,965 | +€47,249 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,716 | €114,965 | +€47,249 | +69.8% |
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 22 October 2026 via checked.be.