Mhélusine: what changed
Mhélusine
Largest movements
- Tangible fixed assets -€4,079
down €4,079 (-1.4%), from €285,048 to €280,969
of which Land and buildings: -€2,437
- Profit (loss) carried forward -€61,419
down €61,419 (-13.3%), from -€462,073 to -€523,492
- Other debts +€42,913
up €42,913 (+16.9%), from €254,108 to €297,021
- Debts after one year +€14,812
up €14,812 (+9.0%), from €164,946 to €179,758
- Gross operating margin +€475
up €475 (+12.3%), from -€3,869 to -€3,394
- Depreciation -€433
down €433 (-2.8%), from €15,331 to €14,898
- Other operating charges +€184
up €184 (+27.8%), from €660 to €844
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,048 | €280,969 | -€4,079 | -1.4% |
| Fixed assets | 21/28 | €285,048 | €280,969 | -€4,079 | -1.4% |
| Tangible fixed assets | 22/27 | €285,048 | €280,969 | -€4,079 | -1.4% |
| Land and buildings | 22 | €266,582 | €264,145 | -€2,437 | -0.9% |
| Other tangible fixed assets | 26 | €18,466 | €16,824 | -€1,641 | -8.9% |
| Total equity and liabilities | 10/49 | €285,048 | €280,969 | -€4,079 | -1.4% |
| Equity | 10/15 | -€443,473 | -€504,892 | -€61,419 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€462,073 | -€523,492 | -€61,419 | -13.3% |
| Amounts payable | 17/49 | €728,521 | €785,861 | +€57,340 | +7.9% |
| Amounts payable after more than one year | 17 | €164,946 | €179,758 | +€14,812 | +9.0% |
| Other amounts payable | 178/9 | €164,946 | €179,758 | +€14,812 | +9.0% |
| Amounts payable within one year | 42/48 | €563,575 | €606,103 | +€42,528 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €306,180 | €306,180 | = | 0.0% |
| Financial debts | 43 | €744 | €744 | = | 0.0% |
| Credit institutions | 430/8 | €744 | €744 | = | 0.0% |
| Trade debts | 44 | €2,543 | €2,158 | -€385 | -15.2% |
| Suppliers | 440/4 | €2,543 | €2,158 | -€385 | -15.2% |
| Other amounts payable | 47/48 | €254,108 | €297,021 | +€42,913 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,331 | €14,898 | -€433 | -2.8% |
| Other operating charges | 640/8 | €660 | €844 | +€184 | +27.8% |
| Gross operating margin | 9900 | -€3,869 | -€3,394 | +€475 | +12.3% |
| Operating profit (loss) | 9901 | -€19,861 | -€19,136 | +€725 | +3.7% |
| Financial charges | 65/66B | €42,279 | €42,283 | +€3 | 0.0% |
| Recurring financial charges | 65 | €42,279 | €42,283 | +€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€62,141 | -€61,419 | +€722 | +1.2% |
| Profit (loss) for the period | 9904 | -€62,141 | -€61,419 | +€722 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,141 | -€61,419 | +€722 | +1.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.