MELZALIE: 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.
MELZALIE
Largest movements
- Tangible fixed assets +€515,124
up €515,124 (+93.7%), from €549,727 to €1.1m
of which Other tangible fixed assets: +€532,093
- Cash -€172,790
down €172,790 (-88.3%), from €195,601 to €22,811
mainly Investment in fixed assets (net) (-€539,961) and Contributions, distributions and other (-€92,651)
- Receivables within one year -€45,099
down €45,099 (-43.7%), from €103,147 to €58,048
of which Trade receivables: -€56,620
- Debts after one year +€338,017
up €338,017 (+132%), from €256,675 to €594,692
- Reserves -€70,665
down €70,665 (-16.6%), from €426,547 to €355,882
of which Distributable reserves: -€70,665
- Other debts +€25,449
up €25,449 (+37.6%), from €67,712 to €93,161
- Current portion of long-term debt +€20,392
up €20,392 (+79.0%), from €25,813 to €46,205
- Tax, wage and social debts -€18,389
down €18,389 (-59.9%), from €30,678 to €12,289
of which Taxes: -€20,796
- Staff costs -€103,162
down €103,162, from €101,683 to -€1,479
- Other operating charges +€74,654
up €74,654 (+2,721%), from €2,744 to €77,398
- Gross operating margin -€68,101
down €68,101 (-33.1%), from €205,994 to €137,893
- Taxes -€13,020
down €13,020 (-60.3%), from €21,603 to €8,583
- Financial charges +€3,693
up €3,693 (+59.3%), from €6,228 to €9,921
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 | €856,251 | €1,148,330 | +€292,079 | +34.1% |
| Fixed assets | 21/28 | €550,222 | €1,066,307 | +€516,085 | +93.8% |
| Tangible fixed assets | 22/27 | €549,727 | €1,064,851 | +€515,124 | +93.7% |
| Land and buildings | 22 | €242,369 | €234,080 | -€8,289 | -3.4% |
| Furniture and vehicles | 24 | €34,278 | €25,598 | -€8,680 | -25.3% |
| Other tangible fixed assets | 26 | €273,080 | €805,173 | +€532,093 | +195% |
| Financial fixed assets | 28 | €495 | €1,456 | +€961 | +194% |
| Current assets | 29/58 | €306,029 | €82,023 | -€224,006 | -73.2% |
| Amounts receivable within one year | 40/41 | €103,147 | €58,048 | -€45,099 | -43.7% |
| Trade receivables | 40 | €103,147 | €46,527 | -€56,620 | -54.9% |
| Other amounts receivable | 41 | - | €11,521 | +€11,521 | |
| Cash at bank and in hand | 54/58 | €195,601 | €22,811 | -€172,790 | -88.3% |
| Deferred charges and accrued income | 490/1 | €7,281 | €1,164 | -€6,117 | -84.0% |
| Total equity and liabilities | 10/49 | €856,251 | €1,148,330 | +€292,079 | +34.1% |
| Equity | 10/15 | €461,306 | €389,690 | -€71,616 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €426,547 | €355,882 | -€70,665 | -16.6% |
| 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 | €424,687 | €354,022 | -€70,665 | -16.6% |
| Investment grants | 15 | €16,159 | €15,208 | -€951 | -5.9% |
| Provisions and deferred taxes | 16 | €8,321 | €7,831 | -€490 | -5.9% |
| Deferred taxes | 168 | €8,321 | €7,831 | -€490 | -5.9% |
| Amounts payable | 17/49 | €386,624 | €750,809 | +€364,185 | +94.2% |
| Amounts payable after more than one year | 17 | €256,675 | €594,692 | +€338,017 | +132% |
| Financial debts | 170/4 | €256,675 | €594,692 | +€338,017 | +132% |
| Amounts payable within one year | 42/48 | €129,949 | €153,166 | +€23,217 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €25,813 | €46,205 | +€20,392 | +79.0% |
| Trade debts | 44 | €5,746 | €1,511 | -€4,235 | -73.7% |
| Suppliers | 440/4 | €5,746 | €1,511 | -€4,235 | -73.7% |
| Taxes, remuneration and social security | 45 | €30,678 | €12,289 | -€18,389 | -59.9% |
| Taxes | 450/3 | €30,033 | €9,237 | -€20,796 | -69.2% |
| Remuneration and social security | 454/9 | €645 | €3,052 | +€2,407 | +373% |
| Other amounts payable | 47/48 | €67,712 | €93,161 | +€25,449 | +37.6% |
| Accrued charges and deferred income | 492/3 | - | €2,951 | +€2,951 | |
| Remuneration, social security and pensions | 62 | €101,683 | -€1,479 | -€103,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,899 | €23,876 | +€1,977 | +9.0% |
| Other operating charges | 640/8 | €2,744 | €77,398 | +€74,654 | +2,721% |
| Gross operating margin | 9900 | €205,994 | €137,893 | -€68,101 | -33.1% |
| Operating profit (loss) | 9901 | €79,668 | €38,098 | -€41,570 | -52.2% |
| Financial income | 75/76B | €972 | €952 | -€20 | -2.1% |
| Recurring financial income | 75 | €972 | €952 | -€20 | -2.1% |
| Financial charges | 65/66B | €6,228 | €9,921 | +€3,693 | +59.3% |
| Recurring financial charges | 65 | €6,228 | €9,921 | +€3,693 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €74,412 | €29,129 | -€45,283 | -60.9% |
| Transfer from deferred taxes | 780 | €489 | €489 | = | 0.0% |
| Income taxes | 67/77 | €21,603 | €8,583 | -€13,020 | -60.3% |
| Profit (loss) for the period | 9904 | €53,298 | €21,035 | -€32,263 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,298 | €21,035 | -€32,263 | -60.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.