DOKTER M. MALCORPS: 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.
DOKTER M. MALCORPS
Largest movements
- Receivables within one year -€39,106
down €39,106 (-43.4%), from €90,107 to €51,001
of which Other amounts receivable: -€38,091
- Cash -€30,085
down €30,085 (-47.8%), from €62,922 to €32,837
mainly Contributions, distributions and other (-€51,807) and Net result for the year (-€21,417)
- Tangible fixed assets -€10,041
down €10,041 (-3.8%), from €265,635 to €255,594
of which Land and buildings: -€8,226
- Reserves -€73,225
down €73,225 (-28.4%), from €257,897 to €184,673
of which Distributable reserves: -€73,225
- Debts after one year -€16,303
down €16,303 (-18.8%), from €86,850 to €70,546
- Other debts +€11,518
up €11,518 (+29.2%), from €39,387 to €50,905
- Gross operating margin +€6,657
up €6,657 (+38.6%), from -€17,249 to -€10,592
- Financial charges -€2,597
down €2,597 (-84.8%), from €3,062 to €465
- Depreciation -€492
down €492 (-4.7%), from €10,533 to €10,041
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 | €418,664 | €339,431 | -€79,233 | -18.9% |
| Fixed assets | 21/28 | €265,635 | €255,594 | -€10,041 | -3.8% |
| Tangible fixed assets | 22/27 | €265,635 | €255,594 | -€10,041 | -3.8% |
| Land and buildings | 22 | €263,329 | €255,104 | -€8,226 | -3.1% |
| Plant, machinery and equipment | 23 | €104 | - | -€104 | |
| Furniture and vehicles | 24 | €2,201 | €490 | -€1,711 | -77.7% |
| Current assets | 29/58 | €153,029 | €83,838 | -€69,192 | -45.2% |
| Amounts receivable within one year | 40/41 | €90,107 | €51,001 | -€39,106 | -43.4% |
| Trade receivables | 40 | €1,015 | - | -€1,015 | |
| Other amounts receivable | 41 | €89,092 | €51,001 | -€38,091 | -42.8% |
| Cash at bank and in hand | 54/58 | €62,922 | €32,837 | -€30,085 | -47.8% |
| Total equity and liabilities | 10/49 | €418,664 | €339,431 | -€79,233 | -18.9% |
| Equity | 10/15 | €276,489 | €203,265 | -€73,225 | -26.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €257,897 | €184,673 | -€73,225 | -28.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €256,038 | €182,814 | -€73,225 | -28.6% |
| Amounts payable | 17/49 | €142,175 | €136,167 | -€6,008 | -4.2% |
| Amounts payable after more than one year | 17 | €86,850 | €70,546 | -€16,303 | -18.8% |
| Financial debts | 170/4 | €86,850 | €70,546 | -€16,303 | -18.8% |
| Amounts payable within one year | 42/48 | €55,325 | €65,620 | +€10,295 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €15,938 | €14,135 | -€1,803 | -11.3% |
| Trade debts | 44 | - | €411 | +€411 | |
| Suppliers | 440/4 | - | €411 | +€411 | |
| Taxes, remuneration and social security | 45 | - | €169 | +€169 | |
| Taxes | 450/3 | - | €169 | +€169 | |
| Other amounts payable | 47/48 | €39,387 | €50,905 | +€11,518 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,533 | €10,041 | -€492 | -4.7% |
| Other operating charges | 640/8 | - | €150 | +€150 | |
| Gross operating margin | 9900 | -€17,249 | -€10,592 | +€6,657 | +38.6% |
| Operating profit (loss) | 9901 | -€27,781 | -€20,783 | +€6,998 | +25.2% |
| Financial charges | 65/66B | €3,062 | €465 | -€2,597 | -84.8% |
| Recurring financial charges | 65 | €3,062 | €465 | -€2,597 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,843 | -€21,248 | +€9,595 | +31.1% |
| Income taxes | 67/77 | - | €169 | +€169 | |
| Profit (loss) for the period | 9904 | -€30,843 | -€21,417 | +€9,426 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,843 | -€21,417 | +€9,426 | +30.6% |
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 20 October 2026 via checked.be.