MELVI: what changed
Two fiscal 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.
MELVI
Largest movements
- Cash +€27,552
up €27,552 (+29.8%), from €92,363 to €119,915
mainly Other debts (+€52,918) and Net result for the year (+€42,450)
- Receivables after one year -€6,000
down €6,000 (-4.8%), from €125,816 to €119,816
- Receivables within one year -€5,547
down €5,547 (-21.7%), from €25,563 to €20,016
- Other debts +€52,918
up €52,918 (+263.2%), from €20,104 to €73,022
- Reserves -€35,300
down €35,300 (-20.7%), from €170,248 to €134,948
of which Distributable reserves: -€35,300
- Taxes -€2,864
down €2,864 (-11.9%), from €24,055 to €21,191
- Gross operating margin -€2,595
down €2,595 (-4.1%), from €63,287 to €60,691
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.
Cash bridge derived
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 | €247,094 | €261,805 | +€14,711 | +6.0% |
| Fixed assets | 21/28 | €2,390 | €1,190 | -€1,200 | -50.2% |
| Tangible fixed assets | 22/27 | €2,390 | €1,190 | -€1,200 | -50.2% |
| Furniture and vehicles | 24 | €2,390 | €1,190 | -€1,200 | -50.2% |
| Current assets | 29/58 | €244,704 | €260,615 | +€15,911 | +6.5% |
| Amounts receivable after more than one year | 29 | €125,816 | €119,816 | -€6,000 | -4.8% |
| Other amounts receivable | 291 | €125,816 | €119,816 | -€6,000 | -4.8% |
| Amounts receivable within one year | 40/41 | €25,563 | €20,016 | -€5,547 | -21.7% |
| Other amounts receivable | 41 | €25,563 | €20,016 | -€5,547 | -21.7% |
| Cash at bank and in hand | 54/58 | €92,363 | €119,915 | +€27,552 | +29.8% |
| Deferred charges and accrued income | 490/1 | €962 | €868 | -€93 | -9.7% |
| Total equity and liabilities | 10/49 | €247,094 | €261,805 | +€14,711 | +6.0% |
| Equity | 10/15 | €210,293 | €174,992 | -€35,300 | -16.8% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €170,248 | €134,948 | -€35,300 | -20.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €168,388 | €133,088 | -€35,300 | -21.0% |
| Profit (loss) carried forward | 14 | €27,044 | €27,044 | = | 0.0% |
| Amounts payable | 17/49 | €36,802 | €86,813 | +€50,011 | +135.9% |
| Amounts payable within one year | 42/48 | €36,802 | €86,813 | +€50,011 | +135.9% |
| Financial debts | 43 | €1,047 | €0 | -€1,047 | -100.0% |
| Credit institutions | 430/8 | €1,047 | €0 | -€1,047 | -100.0% |
| Trade debts | 44 | €822 | €868 | +€46 | +5.6% |
| Suppliers | 440/4 | €822 | €868 | +€46 | +5.6% |
| Taxes, remuneration and social security | 45 | €14,829 | €12,923 | -€1,906 | -12.9% |
| Taxes | 450/3 | €14,829 | €12,923 | -€1,906 | -12.9% |
| Other amounts payable | 47/48 | €20,104 | €73,022 | +€52,918 | +263.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | €1,200 | = | 0.0% |
| Other operating charges | 640/8 | €332 | €683 | +€351 | +105.8% |
| Gross operating margin | 9900 | €63,287 | €60,691 | -€2,595 | -4.1% |
| Operating profit (loss) | 9901 | €61,755 | €58,809 | -€2,946 | -4.8% |
| Financial income | 75/76B | €4,989 | €4,972 | -€17 | -0.3% |
| Recurring financial income | 75 | €4,989 | €4,972 | -€17 | -0.3% |
| Financial charges | 65/66B | €46 | €140 | +€94 | +205.2% |
| Recurring financial charges | 65 | €46 | €140 | +€94 | +205.2% |
| Profit (loss) for the period before taxes | 9903 | €66,698 | €63,640 | -€3,058 | -4.6% |
| Income taxes | 67/77 | €24,055 | €21,191 | -€2,864 | -11.9% |
| Profit (loss) for the period | 9904 | €42,644 | €42,450 | -€194 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,644 | €42,450 | -€194 | -0.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.