Melucina: 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.
Melucina
Largest movements
- Tangible fixed assets -€13,396
down €13,396 (-9.2%), from €145,031 to €131,635
of which Land and buildings: -€14,636
- Receivables within one year +€11,852
up €11,852 (+100%), from €11,852 to €23,704
of which Trade receivables: +€6,407
- Receivables after one year -€5,500
down €5,500 (-15.3%), from €36,000 to €30,500
- Cash -€2,783
down €2,783 (-15.6%), from €17,827 to €15,044
mainly Debts after one year (-€21,159) and Receivables within one year (-€11,852)
- Debts after one year -€21,159
down €21,159 (-17.7%), from €119,415 to €98,256
- Reserves +€7,250
up €7,250 (+15.1%), from €48,157 to €55,407
of which Distributable reserves: +€7,250
- Gross operating margin +€9,816
up €9,816 (+28.8%), from €34,058 to €43,874
- Taxes +€2,745
up €2,745 (+145%), from €1,889 to €4,634
- Depreciation +€569
up €569 (+2.4%), from €23,245 to €23,814
- Financial charges -€555
down €555 (-8.7%), from €6,393 to €5,838
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 | €217,620 | €206,962 | -€10,658 | -4.9% |
| Fixed assets | 21/28 | €145,391 | €131,995 | -€13,396 | -9.2% |
| Tangible fixed assets | 22/27 | €145,031 | €131,635 | -€13,396 | -9.2% |
| Land and buildings | 22 | €144,150 | €129,514 | -€14,636 | -10.2% |
| Furniture and vehicles | 24 | €131 | €1,371 | +€1,240 | +947% |
| Other tangible fixed assets | 26 | €750 | €750 | = | 0.0% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €72,229 | €74,967 | +€2,738 | +3.8% |
| Amounts receivable after more than one year | 29 | €36,000 | €30,500 | -€5,500 | -15.3% |
| Other amounts receivable | 291 | €36,000 | €30,500 | -€5,500 | -15.3% |
| Amounts receivable within one year | 40/41 | €11,852 | €23,704 | +€11,852 | +100% |
| Trade receivables | 40 | - | €6,407 | +€6,407 | |
| Other amounts receivable | 41 | €11,852 | €17,297 | +€5,445 | +45.9% |
| Cash at bank and in hand | 54/58 | €17,827 | €15,044 | -€2,783 | -15.6% |
| Deferred charges and accrued income | 490/1 | €6,550 | €5,719 | -€831 | -12.7% |
| Total equity and liabilities | 10/49 | €217,620 | €206,962 | -€10,658 | -4.9% |
| Equity | 10/15 | €64,801 | €72,079 | +€7,278 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,157 | €55,407 | +€7,250 | +15.1% |
| Non-distributable reserves | 130/1 | €1,557 | €1,557 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,557 | €1,557 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,600 | €5,600 | = | 0.0% |
| Distributable reserves | 133 | €41,000 | €48,250 | +€7,250 | +17.7% |
| Profit (loss) carried forward | 14 | €10,444 | €10,472 | +€28 | +0.3% |
| Amounts payable | 17/49 | €152,819 | €134,883 | -€17,936 | -11.7% |
| Amounts payable after more than one year | 17 | €119,415 | €98,256 | -€21,159 | -17.7% |
| Financial debts | 170/4 | €119,415 | €98,256 | -€21,159 | -17.7% |
| Amounts payable within one year | 42/48 | €32,558 | €35,780 | +€3,222 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €27,333 | €27,324 | -€9 | 0.0% |
| Trade debts | 44 | €1,436 | €3,269 | +€1,833 | +128% |
| Suppliers | 440/4 | €1,436 | €3,269 | +€1,833 | +128% |
| Taxes, remuneration and social security | 45 | €3,789 | €5,187 | +€1,398 | +36.9% |
| Taxes | 450/3 | €3,789 | €5,187 | +€1,398 | +36.9% |
| Accrued charges and deferred income | 492/3 | €846 | €847 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,245 | €23,814 | +€569 | +2.4% |
| Other operating charges | 640/8 | €2,294 | €2,310 | +€16 | +0.7% |
| Gross operating margin | 9900 | €34,058 | €43,874 | +€9,816 | +28.8% |
| Operating profit (loss) | 9901 | €8,519 | €17,750 | +€9,231 | +108% |
| Financial charges | 65/66B | €6,393 | €5,838 | -€555 | -8.7% |
| Recurring financial charges | 65 | €6,393 | €5,838 | -€555 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €2,126 | €11,912 | +€9,786 | +460% |
| Income taxes | 67/77 | €1,889 | €4,634 | +€2,745 | +145% |
| Profit (loss) for the period | 9904 | €237 | €7,278 | +€7,041 | +2,971% |
| Profit (loss) for the period to be appropriated | 9905 | €237 | €7,278 | +€7,041 | +2,971% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.