Melacon: 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.
Melacon
Largest movements
- Cash -€17,463
down €17,463 (-23.2%), from €75,345 to €57,881
mainly Contributions, distributions and other (-€90,000) and Debts after one year (-€55,648)
- Other debts +€90,000
new in 2026: €90,000
- Debts after one year -€55,648
down €55,648 (-29.1%), from €191,207 to €135,559
- Reserves -€46,243
down €46,243 (-31.6%), from €146,257 to €100,014
of which Distributable reserves: -€48,102
- Trade debts +€12,218
up €12,218 (+427%), from €2,861 to €15,078
- Gross operating margin -€32,580
down €32,580 (-42.1%), from €77,357 to €44,777
- Financial charges -€14,727
down €14,727, from €14,436 to -€292
of which Financial charges: -€14,727
- Taxes -€4,929
down €4,929 (-18.7%), from €26,393 to €21,464
- Financial income +€4,201
up €4,201 (+17.1%), from €24,547 to €28,748
- Depreciation +€1,364
up €1,364 (+55.4%), from €2,462 to €3,826
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €941,396 | €937,522 | -€3,873 | -0.4% |
| Fixed assets | 21/28 | €265,862 | €268,499 | +€2,637 | +1.0% |
| Tangible fixed assets | 22/27 | €265,862 | €268,499 | +€2,637 | +1.0% |
| Land and buildings | 22 | €253,859 | €253,626 | -€233 | -0.1% |
| Plant, machinery and equipment | 23 | €2,036 | €1,735 | -€301 | -14.8% |
| Furniture and vehicles | 24 | €9,487 | €12,786 | +€3,299 | +34.8% |
| Other tangible fixed assets | 26 | €480 | €353 | -€127 | -26.5% |
| Current assets | 29/58 | €675,534 | €669,023 | -€6,510 | -1.0% |
| Amounts receivable after more than one year | 29 | €420,311 | €421,781 | +€1,470 | +0.3% |
| Other amounts receivable | 291 | €420,311 | €421,781 | +€1,470 | +0.3% |
| Amounts receivable within one year | 40/41 | €18,150 | €19,862 | +€1,712 | +9.4% |
| Trade receivables | 40 | €18,150 | €18,185 | +€35 | +0.2% |
| Other amounts receivable | 41 | €0 | €1,677 | +€1,677 | |
| Current investments | 50/53 | €142,940 | €149,643 | +€6,703 | +4.7% |
| Cash at bank and in hand | 54/58 | €75,345 | €57,881 | -€17,463 | -23.2% |
| Deferred charges and accrued income | 490/1 | €18,788 | €19,856 | +€1,068 | +5.7% |
| Total equity and liabilities | 10/49 | €941,396 | €937,522 | -€3,873 | -0.4% |
| Equity | 10/15 | €680,487 | €634,244 | -€46,243 | -6.8% |
| Contributions | 10/11 | €534,230 | €534,230 | = | 0.0% |
| Reserves | 13 | €146,257 | €100,014 | -€46,243 | -31.6% |
| Tax-exempt reserves | 132 | €28,207 | €30,066 | +€1,859 | +6.6% |
| Distributable reserves | 133 | €118,050 | €69,948 | -€48,102 | -40.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €260,909 | €303,279 | +€42,370 | +16.2% |
| Amounts payable after more than one year | 17 | €191,207 | €135,559 | -€55,648 | -29.1% |
| Financial debts | 170/4 | €191,207 | €135,559 | -€55,648 | -29.1% |
| Amounts payable within one year | 42/48 | €69,701 | €167,720 | +€98,018 | +141% |
| Current portion of amounts payable after more than one year | 42 | €55,519 | €55,648 | +€129 | +0.2% |
| Trade debts | 44 | €2,861 | €15,078 | +€12,218 | +427% |
| Suppliers | 440/4 | €2,861 | €15,078 | +€12,218 | +427% |
| Taxes, remuneration and social security | 45 | €11,321 | €6,993 | -€4,328 | -38.2% |
| Taxes | 450/3 | €11,321 | €6,993 | -€4,328 | -38.2% |
| Other amounts payable | 47/48 | - | €90,000 | +€90,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,462 | €3,826 | +€1,364 | +55.4% |
| Other operating charges | 640/8 | €2,356 | €2,043 | -€313 | -13.3% |
| Non-recurring operating charges | 66A | - | €2,727 | +€2,727 | |
| Gross operating margin | 9900 | €77,357 | €44,777 | -€32,580 | -42.1% |
| Operating profit (loss) | 9901 | €72,539 | €36,181 | -€36,358 | -50.1% |
| Financial income | 75/76B | €24,547 | €28,748 | +€4,201 | +17.1% |
| Recurring financial income | 75 | €24,547 | €28,748 | +€4,201 | +17.1% |
| Financial charges | 65/66B | €14,436 | -€292 | -€14,727 | |
| Recurring financial charges | 65 | €14,436 | -€292 | -€14,727 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €82,650 | €65,221 | -€17,430 | -21.1% |
| Income taxes | 67/77 | €26,393 | €21,464 | -€4,929 | -18.7% |
| Profit (loss) for the period | 9904 | €56,257 | €43,757 | -€12,500 | -22.2% |
| Transfer from tax-exempt reserves | 789 | - | €19,136 | +€19,136 | |
| Transfer to tax-exempt reserves | 689 | €28,207 | €20,995 | -€7,212 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,050 | €41,898 | +€13,848 | +49.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.