T. VAN MELE: what changed
T. VAN MELE
Largest movements
- Receivables within one year -€83,715
down €83,715 (-39.1%), from €213,884 to €130,169
of which Trade receivables: -€95,065
- Cash +€61,410
up €61,410 (+67.5%), from €91,031 to €152,440
mainly Receivables within one year (+€83,715) and Depreciation (+€62,134)
- Tangible fixed assets -€11,361
down €11,361 (-6.3%), from €180,656 to €169,295
of which Furniture and vehicles: -€58,051
- Reserves +€60,042
up €60,042 (+34.1%), from €175,938 to €235,980
of which Distributable reserves: +€60,042
- Current portion of long-term debt -€40,001
no longer reported in 2025 (was €40,001)
- Tax, wage and social debts -€28,942
down €28,942 (-69.0%), from €41,928 to €12,986
of which Taxes: -€19,525
- Trade debts -€26,024
down €26,024 (-97.9%), from €26,579 to €555
- Gross operating margin -€77,312
down €77,312 (-24.5%), from €315,204 to €237,892
- Staff costs -€53,953
down €53,953 (-42.8%), from €126,069 to €72,116
- Taxes -€8,093
down €8,093 (-25.4%), from €31,878 to €23,785
- Financial charges +€3,628
up €3,628 (+38.5%), from €9,430 to €13,059
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,874 | €452,492 | -€35,382 | -7.3% |
| Fixed assets | 21/28 | €181,244 | €169,883 | -€11,361 | -6.3% |
| Tangible fixed assets | 22/27 | €180,656 | €169,295 | -€11,361 | -6.3% |
| Land and buildings | 22 | €7,804 | €6,418 | -€1,387 | -17.8% |
| Plant, machinery and equipment | 23 | €372 | €48,449 | +€48,077 | +12,928% |
| Furniture and vehicles | 24 | €172,479 | €114,428 | -€58,051 | -33.7% |
| Financial fixed assets | 28 | €588 | €588 | = | 0.0% |
| Current assets | 29/58 | €306,631 | €282,609 | -€24,021 | -7.8% |
| Amounts receivable within one year | 40/41 | €213,884 | €130,169 | -€83,715 | -39.1% |
| Trade receivables | 40 | €213,884 | €118,819 | -€95,065 | -44.4% |
| Other amounts receivable | 41 | - | €11,350 | +€11,350 | |
| Cash at bank and in hand | 54/58 | €91,031 | €152,440 | +€61,410 | +67.5% |
| Deferred charges and accrued income | 490/1 | €1,716 | - | -€1,716 | |
| Total equity and liabilities | 10/49 | €487,874 | €452,492 | -€35,382 | -7.3% |
| Equity | 10/15 | €301,323 | €361,365 | +€60,042 | +19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €175,938 | €235,980 | +€60,042 | +34.1% |
| 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 | €173,938 | €233,980 | +€60,042 | +34.5% |
| Profit (loss) carried forward | 14 | €112,985 | €112,985 | = | 0.0% |
| Amounts payable | 17/49 | €186,551 | €91,127 | -€95,424 | -51.2% |
| Amounts payable after more than one year | 17 | €77,586 | €77,586 | = | 0.0% |
| Financial debts | 170/4 | €77,586 | €77,586 | = | 0.0% |
| Amounts payable within one year | 42/48 | €108,965 | €13,541 | -€95,424 | -87.6% |
| Current portion of amounts payable after more than one year | 42 | €40,001 | - | -€40,001 | |
| Trade debts | 44 | €26,579 | €555 | -€26,024 | -97.9% |
| Suppliers | 440/4 | €26,579 | €555 | -€26,024 | -97.9% |
| Taxes, remuneration and social security | 45 | €41,928 | €12,986 | -€28,942 | -69.0% |
| Taxes | 450/3 | €29,971 | €10,446 | -€19,525 | -65.1% |
| Remuneration and social security | 454/9 | €11,957 | €2,540 | -€9,417 | -78.8% |
| Other amounts payable | 47/48 | €457 | - | -€457 | |
| Remuneration, social security and pensions | 62 | €126,069 | €72,116 | -€53,953 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,900 | €62,134 | -€2,766 | -4.3% |
| Other operating charges | 640/8 | €4,157 | €6,982 | +€2,826 | +68.0% |
| Gross operating margin | 9900 | €315,204 | €237,892 | -€77,312 | -24.5% |
| Operating profit (loss) | 9901 | €120,079 | €96,660 | -€23,419 | -19.5% |
| Financial income | 75/76B | €118 | €226 | +€108 | +91.4% |
| Recurring financial income | 75 | €118 | €226 | +€108 | +91.4% |
| Financial charges | 65/66B | €9,430 | €13,059 | +€3,628 | +38.5% |
| Recurring financial charges | 65 | €9,430 | €13,059 | +€3,628 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €110,766 | €83,827 | -€26,939 | -24.3% |
| Income taxes | 67/77 | €31,878 | €23,785 | -€8,093 | -25.4% |
| Profit (loss) for the period | 9904 | €78,888 | €60,042 | -€18,846 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,888 | €60,042 | -€18,846 | -23.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.