Yves MELIN: 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.
Yves MELIN
Largest movements
- Receivables within one year +€199,307
up €199,307 (+3,049%), from €6,537 to €205,844
of which Trade receivables: +€176,660
- Receivables after one year -€103,000
down €103,000 (-22.5%), from €458,000 to €355,000
- Cash +€53,588
up €53,588 (+51.3%), from €104,481 to €158,069
mainly Net result for the year (+€250,975) and Receivables after one year (+€103,000)
- Deferred charges and accrued income +€19,340
up €19,340 (+616%), from €3,139 to €22,478
- Tangible fixed assets -€9,350
down €9,350 (-11.2%), from €83,517 to €74,167
of which Other tangible fixed assets: -€11,294
- Reserves +€164,463
up €164,463 (+41.6%), from €395,756 to €560,219
- Other debts -€32,841
down €32,841 (-27.5%), from €119,353 to €86,512
- Tax, wage and social debts +€30,154
up €30,154 (+26.4%), from €114,032 to €144,186
- Gross operating margin +€183,220
up €183,220 (+66.4%), from €275,837 to €459,057
- Taxes +€52,977
up €52,977 (+81.0%), from €65,439 to €118,417
- Financial charges +€30,377
up €30,377 (+58.3%), from €52,124 to €82,501
- Depreciation -€8,662
down €8,662 (-30.4%), from €28,452 to €19,790
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 | €660,673 | €820,559 | +€159,885 | +24.2% |
| Fixed assets | 21/28 | €88,517 | €79,167 | -€9,350 | -10.6% |
| Tangible fixed assets | 22/27 | €83,517 | €74,167 | -€9,350 | -11.2% |
| Furniture and vehicles | 24 | €35,401 | €37,345 | +€1,945 | +5.5% |
| Other tangible fixed assets | 26 | €48,116 | €36,822 | -€11,294 | -23.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €572,156 | €741,391 | +€169,235 | +29.6% |
| Amounts receivable after more than one year | 29 | €458,000 | €355,000 | -€103,000 | -22.5% |
| Other amounts receivable | 291 | €458,000 | €355,000 | -€103,000 | -22.5% |
| Amounts receivable within one year | 40/41 | €6,537 | €205,844 | +€199,307 | +3,049% |
| Trade receivables | 40 | €0 | €176,660 | +€176,660 | |
| Other amounts receivable | 41 | €6,537 | €29,184 | +€22,647 | +346% |
| Cash at bank and in hand | 54/58 | €104,481 | €158,069 | +€53,588 | +51.3% |
| Deferred charges and accrued income | 490/1 | €3,139 | €22,478 | +€19,340 | +616% |
| Total equity and liabilities | 10/49 | €660,673 | €820,559 | +€159,885 | +24.2% |
| Equity | 10/15 | €408,156 | €572,619 | +€164,463 | +40.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €395,756 | €560,219 | +€164,463 | +41.6% |
| Distributable reserves | 133 | €395,756 | €560,219 | +€164,463 | +41.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €252,518 | €247,940 | -€4,578 | -1.8% |
| Amounts payable within one year | 42/48 | €250,096 | €246,440 | -€3,656 | -1.5% |
| Trade debts | 44 | €16,711 | €15,742 | -€969 | -5.8% |
| Suppliers | 440/4 | €16,711 | €15,742 | -€969 | -5.8% |
| Taxes, remuneration and social security | 45 | €114,032 | €144,186 | +€30,154 | +26.4% |
| Taxes | 450/3 | €114,032 | €144,186 | +€30,154 | +26.4% |
| Other amounts payable | 47/48 | €119,353 | €86,512 | -€32,841 | -27.5% |
| Accrued charges and deferred income | 492/3 | €2,421 | €1,500 | -€921 | -38.0% |
| Non-recurring operating income | 76A | - | €16,822 | +€16,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,452 | €19,790 | -€8,662 | -30.4% |
| Other operating charges | 640/8 | €3,082 | €1,504 | -€1,579 | -51.2% |
| Gross operating margin | 9900 | €275,837 | €459,057 | +€183,220 | +66.4% |
| Operating profit (loss) | 9901 | €244,303 | €437,763 | +€193,460 | +79.2% |
| Financial income | 75/76B | €14,706 | €14,129 | -€577 | -3.9% |
| Recurring financial income | 75 | €14,706 | €14,129 | -€577 | -3.9% |
| Financial charges | 65/66B | €52,124 | €82,501 | +€30,377 | +58.3% |
| Recurring financial charges | 65 | €52,124 | €82,501 | +€30,377 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €206,885 | €369,392 | +€162,507 | +78.5% |
| Income taxes | 67/77 | €65,439 | €118,417 | +€52,977 | +81.0% |
| Profit (loss) for the period | 9904 | €141,446 | €250,975 | +€109,530 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €141,446 | €250,975 | +€109,530 | +77.4% |
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 30 October 2026 via checked.be.