MELWORX: 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.
MELWORX
Largest movements
- Receivables within one year -€27,787
down €27,787 (-48.0%), from €57,910 to €30,122
of which Trade receivables: -€43,819
- Stocks and contracts -€16,421
down €16,421 (-76.7%), from €21,421 to €5,000
- Cash +€13,254
up €13,254 (+204%), from €6,500 to €19,754
mainly Debts after one year (+€40,877) and Depreciation (+€35,923)
- Deferred charges and accrued income -€6,444
down €6,444 (-100%), from €6,444 to €0
- Debts after one year +€40,877
up €40,877 (+8.3%), from €490,365 to €531,242
- Short-term financial debts -€37,389
down €37,389 (-100%), from €37,389 to €0
- Profit (loss) carried forward -€26,278
down €26,278 (-119%), from -€22,121 to -€48,398
- Current portion of long-term debt -€14,459
down €14,459 (-67.4%), from €21,446 to €6,987
- Other operating charges -€6,072
down €6,072 (-99.0%), from €6,136 to €64
- Depreciation -€5,570
down €5,570 (-13.4%), from €41,494 to €35,923
- Gross operating margin +€4,059
up €4,059 (+20.0%), from €20,248 to €24,306
- Financial charges +€2,008
up €2,008 (+15.3%), from €13,167 to €15,175
- Financial income +€867
up €867 (+232%), from €375 to €1,242
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,849 | €571,463 | -€33,386 | -5.5% |
| Fixed assets | 21/28 | €512,574 | €516,587 | +€4,013 | +0.8% |
| Tangible fixed assets | 22/27 | €512,574 | €516,587 | +€4,013 | +0.8% |
| Land and buildings | 22 | €436,529 | €463,833 | +€27,305 | +6.3% |
| Plant, machinery and equipment | 23 | €10,845 | €6,972 | -€3,872 | -35.7% |
| Furniture and vehicles | 24 | €65,200 | €45,781 | -€19,419 | -29.8% |
| Current assets | 29/58 | €92,275 | €54,876 | -€37,399 | -40.5% |
| Stocks and contracts in progress | 3 | €21,421 | €5,000 | -€16,421 | -76.7% |
| Stocks | 30/36 | €21,421 | €5,000 | -€16,421 | -76.7% |
| Amounts receivable within one year | 40/41 | €57,910 | €30,122 | -€27,787 | -48.0% |
| Trade receivables | 40 | €45,410 | €1,591 | -€43,819 | -96.5% |
| Other amounts receivable | 41 | €12,499 | €28,531 | +€16,032 | +128% |
| Cash at bank and in hand | 54/58 | €6,500 | €19,754 | +€13,254 | +204% |
| Deferred charges and accrued income | 490/1 | €6,444 | €0 | -€6,444 | -100% |
| Total equity and liabilities | 10/49 | €604,849 | €571,463 | -€33,386 | -5.5% |
| Equity | 10/15 | €20,599 | -€5,678 | -€26,278 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,520 | €36,520 | = | 0.0% |
| 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 | €34,660 | €34,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,121 | -€48,398 | -€26,278 | -119% |
| Amounts payable | 17/49 | €584,250 | €577,141 | -€7,108 | -1.2% |
| Amounts payable after more than one year | 17 | €490,365 | €531,242 | +€40,877 | +8.3% |
| Financial debts | 170/4 | €490,365 | €531,242 | +€40,877 | +8.3% |
| Amounts payable within one year | 42/48 | €93,885 | €45,899 | -€47,986 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €21,446 | €6,987 | -€14,459 | -67.4% |
| Financial debts | 43 | €37,389 | €0 | -€37,389 | -100% |
| Credit institutions | 430/8 | €37,389 | €0 | -€37,389 | -100% |
| Trade debts | 44 | €29,735 | €27,704 | -€2,031 | -6.8% |
| Suppliers | 440/4 | €29,735 | €27,704 | -€2,031 | -6.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,315 | €11,208 | +€5,893 | +111% |
| Taxes | 450/3 | €5,315 | €11,208 | +€5,893 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,494 | €35,923 | -€5,570 | -13.4% |
| Other operating charges | 640/8 | €6,136 | €64 | -€6,072 | -99.0% |
| Non-recurring operating charges | 66A | - | €484 | +€484 | |
| Gross operating margin | 9900 | €20,248 | €24,306 | +€4,059 | +20.0% |
| Operating profit (loss) | 9901 | -€27,382 | -€12,165 | +€15,217 | +55.6% |
| Financial income | 75/76B | €375 | €1,242 | +€867 | +232% |
| Recurring financial income | 75 | €375 | €1,242 | +€867 | +232% |
| Financial charges | 65/66B | €13,167 | €15,175 | +€2,008 | +15.3% |
| Recurring financial charges | 65 | €13,167 | €15,175 | +€2,008 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,174 | -€26,098 | +€14,076 | +35.0% |
| Income taxes | 67/77 | €264 | €180 | -€84 | -31.8% |
| Profit (loss) for the period | 9904 | -€40,438 | -€26,278 | +€14,160 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,438 | -€26,278 | +€14,160 | +35.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.