Daniel MALPAS et Fils: 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.
Daniel MALPAS et Fils
Largest movements
- Cash +€25,978
up €25,978 (+156%), from €16,670 to €42,648
mainly Depreciation (+€35,702) and Net result for the year (+€17,180)
- Tangible fixed assets -€10,909
down €10,909 (-4.6%), from €236,611 to €225,702
of which Land and buildings: -€24,253
- Receivables within one year -€7,038
down €7,038 (-36.9%), from €19,100 to €12,062
of which Trade receivables: -€8,659
- Stocks and contracts -€6,417
down €6,417 (-47.3%), from €13,554 to €7,137
of which Contracts in progress: -€8,000
- Other debts -€30,893
down €30,893 (-85.4%), from €36,187 to €5,294
- Reserves +€17,100
up €17,100 (+29.6%), from €57,840 to €74,940
- Current portion of long-term debt +€9,623
up €9,623 (+29.7%), from €32,389 to €42,013
- Debts after one year +€5,477
up €5,477 (+6.0%), from €91,224 to €96,701
of which Other amounts payable: +€30,000
- Gross operating margin +€68,914
up €68,914 (+50.6%), from €136,276 to €205,190
- Staff costs +€53,603
up €53,603 (+70.5%), from €75,982 to €129,586
- Taxes +€3,914
up €3,914 (+71.9%), from €5,445 to €9,359
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 | €291,468 | €293,402 | +€1,934 | +0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €236,611 | €225,702 | -€10,909 | -4.6% |
| Tangible fixed assets | 22/27 | €236,611 | €225,702 | -€10,909 | -4.6% |
| Land and buildings | 22 | €230,983 | €206,730 | -€24,253 | -10.5% |
| Plant, machinery and equipment | 23 | €1,425 | €913 | -€512 | -36.0% |
| Furniture and vehicles | 24 | €4,203 | €18,060 | +€13,857 | +330% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €54,856 | €67,699 | +€12,843 | +23.4% |
| Stocks and contracts in progress | 3 | €13,554 | €7,137 | -€6,417 | -47.3% |
| Stocks | 30/36 | €5,554 | €7,137 | +€1,583 | +28.5% |
| Contracts in progress | 37 | €8,000 | €0 | -€8,000 | -100% |
| Amounts receivable within one year | 40/41 | €19,100 | €12,062 | -€7,038 | -36.9% |
| Trade receivables | 40 | €16,176 | €7,517 | -€8,659 | -53.5% |
| Other amounts receivable | 41 | €2,924 | €4,545 | +€1,621 | +55.4% |
| Cash at bank and in hand | 54/58 | €16,670 | €42,648 | +€25,978 | +156% |
| Deferred charges and accrued income | 490/1 | €5,533 | €5,853 | +€320 | +5.8% |
| Total equity and liabilities | 10/49 | €291,468 | €293,402 | +€1,934 | +0.7% |
| Equity | 10/15 | €109,234 | €123,190 | +€13,956 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,840 | €74,940 | +€17,100 | +29.6% |
| Distributable reserves | 133 | €57,840 | €74,940 | +€17,100 | +29.6% |
| Profit (loss) carried forward | 14 | €18,162 | €16,863 | -€1,300 | -7.2% |
| Investment grants | 15 | €14,632 | €12,787 | -€1,845 | -12.6% |
| Amounts payable | 17/49 | €182,233 | €170,211 | -€12,022 | -6.6% |
| Amounts payable after more than one year | 17 | €91,224 | €96,701 | +€5,477 | +6.0% |
| Financial debts | 170/4 | €89,024 | €64,501 | -€24,523 | -27.5% |
| Other amounts payable | 178/9 | €2,200 | €32,200 | +€30,000 | +1,364% |
| Amounts payable within one year | 42/48 | €86,919 | €67,318 | -€19,601 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €32,389 | €42,013 | +€9,623 | +29.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,344 | €8,083 | -€261 | -3.1% |
| Suppliers | 440/4 | €8,344 | €8,083 | -€261 | -3.1% |
| Taxes, remuneration and social security | 45 | €9,999 | €11,928 | +€1,929 | +19.3% |
| Taxes | 450/3 | €5,380 | €6,147 | +€767 | +14.3% |
| Remuneration and social security | 454/9 | €4,619 | €5,781 | +€1,162 | +25.2% |
| Other amounts payable | 47/48 | €36,187 | €5,294 | -€30,893 | -85.4% |
| Accrued charges and deferred income | 492/3 | €4,091 | €6,193 | +€2,102 | +51.4% |
| Remuneration, social security and pensions | 62 | €75,982 | €129,586 | +€53,603 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,402 | €35,702 | +€301 | +0.8% |
| Other operating charges | 640/8 | €7,548 | €7,376 | -€171 | -2.3% |
| Gross operating margin | 9900 | €136,276 | €205,190 | +€68,914 | +50.6% |
| Operating profit (loss) | 9901 | €17,344 | €32,526 | +€15,181 | +87.5% |
| Financial income | 75/76B | €1,899 | €2,056 | +€157 | +8.3% |
| Recurring financial income | 75 | €1,899 | €2,056 | +€157 | +8.3% |
| Financial charges | 65/66B | €8,941 | €8,042 | -€899 | -10.1% |
| Recurring financial charges | 65 | €8,941 | €8,042 | -€899 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €10,302 | €26,540 | +€16,238 | +158% |
| Income taxes | 67/77 | €5,445 | €9,359 | +€3,914 | +71.9% |
| Profit (loss) for the period | 9904 | €4,857 | €17,180 | +€12,324 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €4,857 | €17,180 | +€12,324 | +254% |
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.