De Maltahoeve: 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.
De Maltahoeve
Largest movements
- Receivables within one year -€33,744
down €33,744 (-96.7%), from €34,909 to €1,165
of which Trade receivables: -€32,713
- Cash +€32,800
up €32,800 (+294%), from €11,149 to €43,949
mainly Receivables within one year (+€33,744) and Depreciation (+€4,105)
- Stocks and contracts -€2,970
down €2,970 (-19.0%), from €15,625 to €12,655
- Deferred charges and accrued income +€849
up €849 (+102%), from €835 to €1,684
- Tax, wage and social debts -€4,664
no longer reported in 2025 (was €4,664)
- Other debts +€1,907
up €1,907 (+1.1%), from €170,299 to €172,206
- Accrued charges and deferred income -€1,171
down €1,171 (-97.5%), from €1,201 to €30
- Turnover +€8,347
up €8,347 (+22.6%), from €36,940 to €45,287
- Purchases and services +€5,573
up €5,573 (+15.8%), from €35,199 to €40,772
- Gross operating margin +€2,774
up €2,774 (+159%), from €1,741 to €4,515
- Depreciation +€1,153
up €1,153 (+39.1%), from €2,952 to €4,105
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 | €73,305 | €69,971 | -€3,334 | -4.5% |
| Fixed assets | 21/28 | €10,787 | €10,518 | -€269 | -2.5% |
| Tangible fixed assets | 22/27 | €10,787 | €10,518 | -€269 | -2.5% |
| Land and buildings | 22 | €634 | €2,564 | +€1,930 | +304% |
| Plant, machinery and equipment | 23 | €10,153 | €7,954 | -€2,199 | -21.7% |
| Current assets | 29/58 | €62,518 | €59,453 | -€3,065 | -4.9% |
| Stocks and contracts in progress | 3 | €15,625 | €12,655 | -€2,970 | -19.0% |
| Stocks | 30/36 | €15,625 | €12,655 | -€2,970 | -19.0% |
| Amounts receivable within one year | 40/41 | €34,909 | €1,165 | -€33,744 | -96.7% |
| Trade receivables | 40 | €32,713 | - | -€32,713 | |
| Other amounts receivable | 41 | €2,196 | €1,165 | -€1,031 | -46.9% |
| Cash at bank and in hand | 54/58 | €11,149 | €43,949 | +€32,800 | +294% |
| Deferred charges and accrued income | 490/1 | €835 | €1,684 | +€849 | +102% |
| Total equity and liabilities | 10/49 | €73,305 | €69,971 | -€3,334 | -4.5% |
| Equity | 10/15 | -€104,372 | -€104,353 | +€19 | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €20,999 | €20,999 | = | 0.0% |
| Distributable reserves | 133 | €20,999 | €20,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,371 | -€140,352 | +€19 | 0.0% |
| Amounts payable | 17/49 | €177,677 | €174,324 | -€3,353 | -1.9% |
| Amounts payable within one year | 42/48 | €176,476 | €174,294 | -€2,182 | -1.2% |
| Trade debts | 44 | €1,513 | €2,088 | +€575 | +38.0% |
| Suppliers | 440/4 | €1,513 | €2,088 | +€575 | +38.0% |
| Taxes, remuneration and social security | 45 | €4,664 | - | -€4,664 | |
| Taxes | 450/3 | €4,664 | - | -€4,664 | |
| Other amounts payable | 47/48 | €170,299 | €172,206 | +€1,907 | +1.1% |
| Accrued charges and deferred income | 492/3 | €1,201 | €30 | -€1,171 | -97.5% |
| Turnover | 70 | €36,940 | €45,287 | +€8,347 | +22.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,199 | €40,772 | +€5,573 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,952 | €4,105 | +€1,153 | +39.1% |
| Other operating charges | 640/8 | €216 | €227 | +€11 | +5.1% |
| Gross operating margin | 9900 | €1,741 | €4,515 | +€2,774 | +159% |
| Operating profit (loss) | 9901 | -€1,427 | €183 | +€1,610 | |
| Financial charges | 65/66B | €181 | €164 | -€17 | -9.4% |
| Recurring financial charges | 65 | €181 | €164 | -€17 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,608 | €19 | +€1,627 | |
| Profit (loss) for the period | 9904 | -€1,608 | €19 | +€1,627 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,608 | €19 | +€1,627 |
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 24 October 2026 via checked.be.