DMalandrini Consulting: 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.
DMalandrini Consulting
Largest movements
- Receivables within one year -€52,167
down €52,167 (-80.0%), from €65,239 to €13,072
of which Trade receivables: -€52,167
- Cash +€25,522
up €25,522 (+35.3%), from €72,365 to €97,887
mainly Receivables within one year (+€52,167) and Depreciation (+€9,844)
- Tangible fixed assets -€9,844
down €9,844 (-4.9%), from €199,079 to €189,235
of which Land and buildings: -€8,840
- Trade debts -€35,130
down €35,130 (-93.7%), from €37,504 to €2,374
- Reserves +€9,813
up €9,813 (+18.9%), from €51,983 to €61,796
- Debts after one year -€9,049
down €9,049 (-11.2%), from €80,956 to €71,907
- Depreciation -€17,797
down €17,797 (-64.4%), from €27,641 to €9,844
- Gross operating margin -€16,012
down €16,012 (-34.2%), from €46,857 to €30,845
- Financial charges +€1,857
up €1,857 (+39.6%), from €4,692 to €6,548
- Taxes +€774
up €774 (+24.2%), from €3,197 to €3,971
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 | €336,683 | €300,194 | -€36,489 | -10.8% |
| Fixed assets | 21/28 | €199,079 | €189,235 | -€9,844 | -4.9% |
| Tangible fixed assets | 22/27 | €199,079 | €189,235 | -€9,844 | -4.9% |
| Land and buildings | 22 | €196,617 | €187,777 | -€8,840 | -4.5% |
| Plant, machinery and equipment | 23 | €1,373 | €812 | -€561 | -40.8% |
| Furniture and vehicles | 24 | €1,089 | €646 | -€443 | -40.7% |
| Current assets | 29/58 | €137,604 | €110,959 | -€26,645 | -19.4% |
| Amounts receivable within one year | 40/41 | €65,239 | €13,072 | -€52,167 | -80.0% |
| Trade receivables | 40 | €65,235 | €13,068 | -€52,167 | -80.0% |
| Other amounts receivable | 41 | €4 | €4 | +€0 | +5.8% |
| Cash at bank and in hand | 54/58 | €72,365 | €97,887 | +€25,522 | +35.3% |
| Total equity and liabilities | 10/49 | €336,683 | €300,194 | -€36,489 | -10.8% |
| Equity | 10/15 | €54,483 | €64,296 | +€9,813 | +18.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €51,983 | €61,796 | +€9,813 | +18.9% |
| Distributable reserves | 133 | €51,983 | €61,796 | +€9,813 | +18.9% |
| Amounts payable | 17/49 | €282,200 | €235,899 | -€46,302 | -16.4% |
| Amounts payable after more than one year | 17 | €80,956 | €71,907 | -€9,049 | -11.2% |
| Financial debts | 170/4 | €80,956 | €71,907 | -€9,049 | -11.2% |
| Amounts payable within one year | 42/48 | €201,244 | €163,642 | -€37,602 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €8,683 | €9,049 | +€366 | +4.2% |
| Trade debts | 44 | €37,504 | €2,374 | -€35,130 | -93.7% |
| Suppliers | 440/4 | €37,504 | €2,374 | -€35,130 | -93.7% |
| Taxes, remuneration and social security | 45 | €15,058 | €12,219 | -€2,839 | -18.9% |
| Taxes | 450/3 | €15,058 | €12,219 | -€2,839 | -18.9% |
| Other amounts payable | 47/48 | €140,000 | €140,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €349 | +€349 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,641 | €9,844 | -€17,797 | -64.4% |
| Other operating charges | 640/8 | €1,275 | €920 | -€355 | -27.9% |
| Non-recurring operating charges | 66A | €2,913 | €0 | -€2,913 | -100% |
| Gross operating margin | 9900 | €46,857 | €30,845 | -€16,012 | -34.2% |
| Operating profit (loss) | 9901 | €15,027 | €20,081 | +€5,054 | +33.6% |
| Financial income | 75/76B | €201 | €251 | +€50 | +25.1% |
| Recurring financial income | 75 | €201 | €251 | +€50 | +25.1% |
| Financial charges | 65/66B | €4,692 | €6,548 | +€1,857 | +39.6% |
| Recurring financial charges | 65 | €4,692 | €6,548 | +€1,857 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €10,537 | €13,784 | +€3,247 | +30.8% |
| Income taxes | 67/77 | €3,197 | €3,971 | +€774 | +24.2% |
| Profit (loss) for the period | 9904 | €7,339 | €9,813 | +€2,474 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,339 | €9,813 | +€2,474 | +33.7% |
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 14 October 2026 via checked.be.