VIA MELIORO: 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.
VIA MELIORO
Largest movements
- Current investments +€41,595
up €41,595 (+108%), from €38,682 to €80,277
- Receivables within one year +€6,650
up €6,650 (+35.3%), from €18,849 to €25,499
of which Other amounts receivable: +€3,356
- Cash -€4,666
down €4,666 (-29.6%), from €15,748 to €11,082
mainly Current investments (-€41,595) and Receivables within one year (-€6,650)
- Tangible fixed assets +€3,806
up €3,806 (+50.3%), from €7,566 to €11,372
of which Furniture and vehicles: +€4,852
- Reserves +€36,951
up €36,951 (+48.4%), from €76,344 to €113,295
- Tax, wage and social debts +€9,409
up €9,409 (+137%), from €6,867 to €16,276
- Taxes +€8,060
up €8,060 (+70.7%), from €11,407 to €19,467
- Gross operating margin +€2,656
up €2,656 (+4.7%), from €57,108 to €59,764
- Financial income +€1,961
up €1,961 (+785%), from €250 to €2,211
- Depreciation +€1,299
up €1,299 (+110%), from €1,179 to €2,477
- Financial charges -€757
down €757 (-24.7%), from €3,061 to €2,305
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 | €85,819 | €132,419 | +€46,599 | +54.3% |
| Fixed assets | 21/28 | €7,566 | €11,372 | +€3,806 | +50.3% |
| Tangible fixed assets | 22/27 | €7,566 | €11,372 | +€3,806 | +50.3% |
| Plant, machinery and equipment | 23 | €5,395 | €4,348 | -€1,046 | -19.4% |
| Furniture and vehicles | 24 | €2,172 | €7,024 | +€4,852 | +223% |
| Current assets | 29/58 | €78,253 | €121,047 | +€42,794 | +54.7% |
| Stocks and contracts in progress | 3 | €2,998 | €2,148 | -€850 | -28.3% |
| Stocks | 30/36 | €2,998 | €2,148 | -€850 | -28.3% |
| Amounts receivable within one year | 40/41 | €18,849 | €25,499 | +€6,650 | +35.3% |
| Trade receivables | 40 | €12,583 | €15,877 | +€3,294 | +26.2% |
| Other amounts receivable | 41 | €6,266 | €9,622 | +€3,356 | +53.6% |
| Current investments | 50/53 | €38,682 | €80,277 | +€41,595 | +108% |
| Cash at bank and in hand | 54/58 | €15,748 | €11,082 | -€4,666 | -29.6% |
| Deferred charges and accrued income | 490/1 | €1,975 | €2,041 | +€65 | +3.3% |
| Total equity and liabilities | 10/49 | €85,819 | €132,419 | +€46,599 | +54.3% |
| Equity | 10/15 | €78,844 | €115,795 | +€36,951 | +46.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €76,344 | €113,295 | +€36,951 | +48.4% |
| Distributable reserves | 133 | €76,344 | €113,295 | +€36,951 | +48.4% |
| Amounts payable | 17/49 | €6,975 | €16,624 | +€9,648 | +138% |
| Amounts payable within one year | 42/48 | €6,975 | €16,624 | +€9,648 | +138% |
| Trade debts | 44 | €108 | €348 | +€240 | +222% |
| Suppliers | 440/4 | €108 | €348 | +€240 | +222% |
| Taxes, remuneration and social security | 45 | €6,867 | €16,276 | +€9,409 | +137% |
| Taxes | 450/3 | €6,867 | €16,276 | +€9,409 | +137% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,179 | €2,477 | +€1,299 | +110% |
| Other operating charges | 640/8 | €897 | €773 | -€124 | -13.8% |
| Gross operating margin | 9900 | €57,108 | €59,764 | +€2,656 | +4.7% |
| Operating profit (loss) | 9901 | €55,032 | €56,513 | +€1,481 | +2.7% |
| Financial income | 75/76B | €250 | €2,211 | +€1,961 | +785% |
| Recurring financial income | 75 | €250 | €2,211 | +€1,961 | +785% |
| Financial charges | 65/66B | €3,061 | €2,305 | -€757 | -24.7% |
| Recurring financial charges | 65 | €3,061 | €2,305 | -€757 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €52,220 | €56,418 | +€4,198 | +8.0% |
| Income taxes | 67/77 | €11,407 | €19,467 | +€8,060 | +70.7% |
| Profit (loss) for the period | 9904 | €40,813 | €36,951 | -€3,862 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,813 | €36,951 | -€3,862 | -9.5% |
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.