Roel Melis: 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.
Roel Melis
Largest movements
- Tangible fixed assets -€5,809
down €5,809 (-10.1%), from €57,620 to €51,811
of which Plant, machinery and equipment: -€4,829
- Cash +€3,490
up €3,490 (+3.4%), from €102,675 to €106,165
mainly Depreciation (+€17,880) and Net result for the year (+€11,677)
- Reserves +€11,677
up €11,677 (+23.9%), from €48,914 to €60,591
of which Distributable reserves: +€11,677
- Debts after one year -€10,771
down €10,771 (-66.2%), from €16,260 to €5,489
- Trade debts -€5,819
down €5,819 (-33.9%), from €17,185 to €11,366
- Tax, wage and social debts +€4,941
up €4,941 (+13.1%), from €37,854 to €42,795
of which Taxes: +€4,135
- Short-term financial debts -€2,821
no longer reported in 2025 (was €2,821)
- Gross operating margin +€34,883
up €34,883 (+14.5%), from €239,831 to €274,714
- Staff costs +€21,567
up €21,567 (+10.0%), from €215,373 to €236,940
- Taxes +€3,517
up €3,517 (+236%), from €1,488 to €5,005
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 | €169,232 | €166,656 | -€2,576 | -1.5% |
| Fixed assets | 21/28 | €57,620 | €51,811 | -€5,809 | -10.1% |
| Tangible fixed assets | 22/27 | €57,620 | €51,811 | -€5,809 | -10.1% |
| Plant, machinery and equipment | 23 | €56,395 | €51,566 | -€4,829 | -8.6% |
| Furniture and vehicles | 24 | €1,225 | €245 | -€980 | -80.0% |
| Current assets | 29/58 | €111,612 | €114,845 | +€3,233 | +2.9% |
| Stocks and contracts in progress | 3 | €4,973 | €5,400 | +€427 | +8.6% |
| Stocks | 30/36 | €4,973 | €5,400 | +€427 | +8.6% |
| Amounts receivable within one year | 40/41 | €2,749 | €2,130 | -€619 | -22.5% |
| Trade receivables | 40 | €749 | - | -€749 | |
| Other amounts receivable | 41 | €2,000 | €2,130 | +€130 | +6.5% |
| Cash at bank and in hand | 54/58 | €102,675 | €106,165 | +€3,490 | +3.4% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,150 | -€65 | -5.3% |
| Total equity and liabilities | 10/49 | €169,232 | €166,656 | -€2,576 | -1.5% |
| Equity | 10/15 | €81,535 | €93,212 | +€11,677 | +14.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €48,914 | €60,591 | +€11,677 | +23.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €46,914 | €58,591 | +€11,677 | +24.9% |
| Profit (loss) carried forward | 14 | €12,621 | €12,621 | = | 0.0% |
| Amounts payable | 17/49 | €87,697 | €73,444 | -€14,253 | -16.3% |
| Amounts payable after more than one year | 17 | €16,260 | €5,489 | -€10,771 | -66.2% |
| Financial debts | 170/4 | €16,260 | €5,489 | -€10,771 | -66.2% |
| Amounts payable within one year | 42/48 | €71,437 | €67,955 | -€3,482 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €10,502 | €10,771 | +€269 | +2.6% |
| Financial debts | 43 | €2,821 | - | -€2,821 | |
| Other loans | 439 | €2,821 | - | -€2,821 | |
| Trade debts | 44 | €17,185 | €11,366 | -€5,819 | -33.9% |
| Suppliers | 440/4 | €17,185 | €11,366 | -€5,819 | -33.9% |
| Taxes, remuneration and social security | 45 | €37,854 | €42,795 | +€4,941 | +13.1% |
| Taxes | 450/3 | €10,369 | €14,504 | +€4,135 | +39.9% |
| Remuneration and social security | 454/9 | €27,485 | €28,291 | +€806 | +2.9% |
| Other amounts payable | 47/48 | €3,075 | €3,023 | -€52 | -1.7% |
| Remuneration, social security and pensions | 62 | €215,373 | €236,940 | +€21,567 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,407 | €17,880 | +€1,473 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €619 | +€619 | |
| Other operating charges | 640/8 | €1,016 | €1,045 | +€29 | +2.9% |
| Gross operating margin | 9900 | €239,831 | €274,714 | +€34,883 | +14.5% |
| Operating profit (loss) | 9901 | €7,035 | €18,230 | +€11,195 | +159% |
| Financial charges | 65/66B | €2,622 | €1,548 | -€1,074 | -41.0% |
| Recurring financial charges | 65 | €2,622 | €1,548 | -€1,074 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €4,413 | €16,682 | +€12,269 | +278% |
| Income taxes | 67/77 | €1,488 | €5,005 | +€3,517 | +236% |
| Profit (loss) for the period | 9904 | €2,925 | €11,677 | +€8,752 | +299% |
| Profit (loss) for the period to be appropriated | 9905 | €2,925 | €11,677 | +€8,752 | +299% |
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 31 October 2026 via checked.be.