MELTOLUX: 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.
MELTOLUX
Largest movements
- Intangible fixed assets +€80,420
new in 2025: €80,420
- Receivables within one year -€52,923
down €52,923 (-98.1%), from €53,941 to €1,018
of which Trade receivables: -€46,438
- Cash -€11,739
down €11,739 (-76.2%), from €15,396 to €3,658
mainly Investment in fixed assets (net) (-€98,408) and Net result for the year (-€39,551)
- Deferred charges and accrued income -€6,904
down €6,904 (-69.6%), from €9,926 to €3,022
- Financial fixed assets +€6,362
up €6,362 (+254%), from €2,500 to €8,862
- Debts after one year +€53,191
up €53,191 (+722%), from €7,364 to €60,555
- Profit (loss) carried forward -€39,551
down €39,551, from €10,232 to -€29,319
- Accrued charges and deferred income -€36,704
no longer reported in 2025 (was €36,704)
- Other debts +€30,490
up €30,490 (+1,689%), from €1,805 to €32,295
- Current portion of long-term debt +€9,516
up €9,516 (+225%), from €4,236 to €13,752
- Staff costs +€28,613
up €28,613 (+117%), from €24,555 to €53,168
- Gross operating margin -€17,105
down €17,105 (-37.7%), from €45,376 to €28,270
- Depreciation +€6,269
up €6,269 (+11,296%), from €56 to €6,325
- Taxes -€3,587
down €3,587 (-81.0%), from €4,430 to €843
- Other operating charges +€1,883
up €1,883 (+62.9%), from €2,991 to €4,874
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 | €82,723 | €103,241 | +€20,518 | +24.8% |
| Fixed assets | 21/28 | €3,460 | €95,543 | +€92,083 | +2,661% |
| Intangible fixed assets | 21 | - | €80,420 | +€80,420 | |
| Tangible fixed assets | 22/27 | €960 | €6,261 | +€5,301 | +552% |
| Plant, machinery and equipment | 23 | €960 | €6,261 | +€5,301 | +552% |
| Financial fixed assets | 28 | €2,500 | €8,862 | +€6,362 | +254% |
| Current assets | 29/58 | €79,263 | €7,698 | -€71,565 | -90.3% |
| Amounts receivable within one year | 40/41 | €53,941 | €1,018 | -€52,923 | -98.1% |
| Trade receivables | 40 | €46,438 | - | -€46,438 | |
| Other amounts receivable | 41 | €7,503 | €1,018 | -€6,485 | -86.4% |
| Cash at bank and in hand | 54/58 | €15,396 | €3,658 | -€11,739 | -76.2% |
| Deferred charges and accrued income | 490/1 | €9,926 | €3,022 | -€6,904 | -69.6% |
| Total equity and liabilities | 10/49 | €82,723 | €103,241 | +€20,518 | +24.8% |
| Equity | 10/15 | €20,232 | -€19,319 | -€39,551 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,232 | -€29,319 | -€39,551 | |
| Amounts payable | 17/49 | €62,491 | €122,560 | +€60,069 | +96.1% |
| Amounts payable after more than one year | 17 | €7,364 | €60,555 | +€53,191 | +722% |
| Financial debts | 170/4 | €7,364 | €60,555 | +€53,191 | +722% |
| Amounts payable within one year | 42/48 | €18,424 | €62,005 | +€43,581 | +237% |
| Current portion of amounts payable after more than one year | 42 | €4,236 | €13,752 | +€9,516 | +225% |
| Trade debts | 44 | €12,382 | €13,530 | +€1,148 | +9.3% |
| Suppliers | 440/4 | €12,382 | €13,530 | +€1,148 | +9.3% |
| Taxes, remuneration and social security | 45 | - | €2,427 | +€2,427 | |
| Taxes | 450/3 | - | €2,427 | +€2,427 | |
| Other amounts payable | 47/48 | €1,805 | €32,295 | +€30,490 | +1,689% |
| Accrued charges and deferred income | 492/3 | €36,704 | - | -€36,704 | |
| Remuneration, social security and pensions | 62 | €24,555 | €53,168 | +€28,613 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €6,325 | +€6,269 | +11,296% |
| Other operating charges | 640/8 | €2,991 | €4,874 | +€1,883 | +62.9% |
| Gross operating margin | 9900 | €45,376 | €28,270 | -€17,105 | -37.7% |
| Operating profit (loss) | 9901 | €17,774 | -€36,096 | -€53,870 | |
| Financial charges | 65/66B | €3,112 | €2,612 | -€500 | -16.1% |
| Recurring financial charges | 65 | €3,112 | €2,612 | -€500 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €14,662 | -€38,708 | -€53,370 | |
| Income taxes | 67/77 | €4,430 | €843 | -€3,587 | -81.0% |
| Profit (loss) for the period | 9904 | €10,232 | -€39,551 | -€49,783 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,232 | -€39,551 | -€49,783 |
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 23 October 2026 via checked.be.