MELVIN DEWAELE: 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.
MELVIN DEWAELE
Largest movements
- Cash +€72,051
up €72,051 (+222%), from €32,466 to €104,517
mainly Net result for the year (+€187,562) and Receivables within one year (+€16,857)
- Receivables within one year -€16,857
down €16,857 (-6.0%), from €281,437 to €264,580
of which Trade receivables: -€253,950
- Reserves +€57,562
up €57,562 (+5.9%), from €967,475 to €1.0m
- Gross operating margin +€64,466
up €64,466 (+31.7%), from €203,306 to €267,772
- Taxes +€21,798
up €21,798 (+37.0%), from €58,944 to €80,742
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 | €1,573,422 | €1,628,616 | +€55,194 | +3.5% |
| Fixed assets | 21/28 | €1,259,519 | €1,259,519 | = | 0.0% |
| Financial fixed assets | 28 | €1,259,519 | €1,259,519 | = | 0.0% |
| Current assets | 29/58 | €313,903 | €369,098 | +€55,194 | +17.6% |
| Amounts receivable within one year | 40/41 | €281,437 | €264,580 | -€16,857 | -6.0% |
| Trade receivables | 40 | €253,950 | €0 | -€253,950 | -100% |
| Other amounts receivable | 41 | €27,487 | €264,580 | +€237,093 | +863% |
| Cash at bank and in hand | 54/58 | €32,466 | €104,517 | +€72,051 | +222% |
| Total equity and liabilities | 10/49 | €1,573,422 | €1,628,616 | +€55,194 | +3.5% |
| Equity | 10/15 | €1,427,427 | €1,484,988 | +€57,562 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €967,475 | €1,025,037 | +€57,562 | +5.9% |
| Distributable reserves | 133 | €967,475 | €1,025,037 | +€57,562 | +5.9% |
| Profit (loss) carried forward | 14 | €453,751 | €453,751 | = | 0.0% |
| Amounts payable | 17/49 | €145,995 | €143,628 | -€2,367 | -1.6% |
| Amounts payable within one year | 42/48 | €145,966 | €143,628 | -€2,339 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €8,360 | €0 | -€8,360 | -100% |
| Trade debts | 44 | €2,238 | €490 | -€1,747 | -78.1% |
| Suppliers | 440/4 | €2,238 | €490 | -€1,747 | -78.1% |
| Taxes, remuneration and social security | 45 | €17,468 | €18,756 | +€1,288 | +7.4% |
| Taxes | 450/3 | €14,193 | €18,756 | +€4,563 | +32.1% |
| Remuneration and social security | 454/9 | €3,275 | €0 | -€3,275 | -100% |
| Other amounts payable | 47/48 | €117,900 | €124,381 | +€6,481 | +5.5% |
| Accrued charges and deferred income | 492/3 | €29 | €0 | -€29 | -100% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €203,306 | €267,772 | +€64,466 | +31.7% |
| Operating profit (loss) | 9901 | €202,339 | €266,774 | +€64,435 | +31.8% |
| Financial income | 75/76B | - | €1,607 | +€1,607 | |
| Recurring financial income | 75 | - | €1,607 | +€1,607 | |
| Financial charges | 65/66B | €2,746 | €76 | -€2,669 | -97.2% |
| Recurring financial charges | 65 | €2,746 | €76 | -€2,669 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €199,593 | €268,304 | +€68,711 | +34.4% |
| Income taxes | 67/77 | €58,944 | €80,742 | +€21,798 | +37.0% |
| Profit (loss) for the period | 9904 | €140,649 | €187,562 | +€46,913 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,649 | €187,562 | +€46,913 | +33.4% |
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.