Storm Melsele: 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.
Storm Melsele
Largest movements
- Current investments -€2.4m
down €2.4m (-100%), from €2.4m to €0
- Cash +€1.4m
up €1.4m (+4,286%), from €33,121 to €1.5m
mainly Current investments (+€2.4m) and Depreciation (+€497,980)
- Tangible fixed assets -€483,722
down €483,722 (-10.3%), from €4.7m to €4.2m
- Debts after one year -€565,916
down €565,916 (-12.1%), from €4.7m to €4.1m
- Reserves -€402,133
down €402,133 (-24.9%), from €1.6m to €1.2m
of which Distributable reserves: -€402,133
- Trade debts -€270,017
down €270,017 (-97.6%), from €276,518 to €6,501
- Short-term financial debts -€269,303
down €269,303 (-100%), from €269,303 to €0
- Gross operating margin -€661,056
down €661,056 (-47.0%), from €1.4m to €744,199
- Taxes -€171,612
down €171,612 (-83.7%), from €205,015 to €33,404
- Financial income -€20,465
down €20,465 (-46.3%), from €44,169 to €23,704
- Financial charges -€16,351
down €16,351 (-10.0%), from €163,893 to €147,541
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 | €7,715,450 | €6,202,522 | -€1.5m | -19.6% |
| Fixed assets | 21/28 | €4,723,557 | €4,225,577 | -€497,980 | -10.5% |
| Intangible fixed assets | 21 | €14,961 | €703 | -€14,258 | -95.3% |
| Tangible fixed assets | 22/27 | €4,708,596 | €4,224,874 | -€483,722 | -10.3% |
| Plant, machinery and equipment | 23 | €4,708,596 | €4,224,874 | -€483,722 | -10.3% |
| Current assets | 29/58 | €2,991,893 | €1,976,945 | -€1.0m | -33.9% |
| Amounts receivable within one year | 40/41 | €396,284 | €357,360 | -€38,924 | -9.8% |
| Trade receivables | 40 | €396,240 | €357,360 | -€38,880 | -9.8% |
| Other amounts receivable | 41 | €44 | €0 | -€44 | -100% |
| Current investments | 50/53 | €2,391,770 | €0 | -€2.4m | -100% |
| Cash at bank and in hand | 54/58 | €33,121 | €1,452,739 | +€1.4m | +4,286% |
| Deferred charges and accrued income | 490/1 | €170,718 | €166,846 | -€3,873 | -2.3% |
| Total equity and liabilities | 10/49 | €7,715,450 | €6,202,522 | -€1.5m | -19.6% |
| Equity | 10/15 | €1,775,163 | €1,373,030 | -€402,133 | -22.7% |
| Contributions | 10/11 | €162,731 | €162,731 | = | 0.0% |
| Capital | 10 | €162,731 | €162,731 | = | 0.0% |
| Issued capital | 100 | €162,731 | €162,731 | = | 0.0% |
| Reserves | 13 | €1,612,431 | €1,210,298 | -€402,133 | -24.9% |
| Non-distributable reserves | 130/1 | €16,273 | €16,273 | = | 0.0% |
| Legal reserve | 130 | €16,273 | €16,273 | = | 0.0% |
| Distributable reserves | 133 | €1,596,158 | €1,194,025 | -€402,133 | -25.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,940,288 | €4,829,492 | -€1.1m | -18.7% |
| Amounts payable after more than one year | 17 | €4,694,547 | €4,128,631 | -€565,916 | -12.1% |
| Financial debts | 170/4 | €4,694,547 | €4,128,631 | -€565,916 | -12.1% |
| Amounts payable within one year | 42/48 | €1,203,067 | €657,642 | -€545,425 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €585,415 | €565,916 | -€19,499 | -3.3% |
| Financial debts | 43 | €269,303 | €0 | -€269,303 | -100% |
| Credit institutions | 430/8 | €269,303 | €0 | -€269,303 | -100% |
| Trade debts | 44 | €276,518 | €6,501 | -€270,017 | -97.6% |
| Suppliers | 440/4 | €276,518 | €6,501 | -€270,017 | -97.6% |
| Taxes, remuneration and social security | 45 | €71,831 | €85,224 | +€13,394 | +18.6% |
| Taxes | 450/3 | €71,831 | €85,224 | +€13,394 | +18.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €42,674 | €43,220 | +€546 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497,980 | €497,980 | = | 0.0% |
| Other operating charges | 640/8 | €1,699 | €1,974 | +€275 | +16.2% |
| Gross operating margin | 9900 | €1,405,255 | €744,199 | -€661,056 | -47.0% |
| Operating profit (loss) | 9901 | €905,576 | €244,246 | -€661,331 | -73.0% |
| Financial income | 75/76B | €44,169 | €23,704 | -€20,465 | -46.3% |
| Recurring financial income | 75 | €44,169 | €23,704 | -€20,465 | -46.3% |
| Financial charges | 65/66B | €163,893 | €147,541 | -€16,351 | -10.0% |
| Recurring financial charges | 65 | €163,893 | €147,541 | -€16,351 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €785,852 | €120,408 | -€665,444 | -84.7% |
| Income taxes | 67/77 | €205,015 | €33,404 | -€171,612 | -83.7% |
| Profit (loss) for the period | 9904 | €580,837 | €87,005 | -€493,832 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €580,837 | €87,005 | -€493,832 | -85.0% |
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 20 October 2026 via checked.be.