FREDERIC MALRAIT CONSTRUCTION: what changed
Two fiscal 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.
FREDERIC MALRAIT CONSTRUCTION
Largest movements
- Tangible fixed assets -€22,143
down €22,143 (-23.0%), from €96,339 to €74,196
of which Furniture and vehicles: -€28,216
- Cash +€7,034
up €7,034 (+33.0%), from €21,317 to €28,351
mainly Depreciation (+€39,725) and Net result for the year (+€18,107)
- Receivables within one year -€2,953
down €2,953 (-9.0%), from €32,875 to €29,922
of which Trade receivables: -€1,729
- Stocks and contracts +€2,678
up €2,678 (+101.6%), from €2,636 to €5,314
- Debts after one year -€33,935
down €33,935 (-46.0%), from €73,762 to €39,826
- Profit (loss) carried forward +€18,107
up €18,107 (+63.6%), from -€28,476 to -€10,369
- Other debts +€2,827
up €2,827 (+22.8%), from €12,408 to €15,235
- Tax, wage and social debts -€2,723
down €2,723 (-17.5%), from €15,529 to €12,805
of which Remuneration and social security: -€5,477
- Current portion of long-term debt +€1,597
up €1,597 (+4.9%), from €32,396 to €33,993
- Gross operating margin +€51,155
up €51,155 (+30.3%), from €168,889 to €220,044
- Staff costs +€16,758
up €16,758 (+12.3%), from €136,190 to €152,948
- Depreciation -€11,228
down €11,228 (-22.0%), from €50,953 to €39,725
- Other operating charges -€2,435
down €2,435 (-41.6%), from €5,861 to €3,426
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.
Cash bridge derived
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 | €153,369 | €138,008 | -€15,361 | -10.0% |
| Fixed assets | 21/28 | €96,540 | €74,397 | -€22,143 | -22.9% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €96,339 | €74,196 | -€22,143 | -23.0% |
| Plant, machinery and equipment | 23 | €10,045 | €16,083 | +€6,039 | +60.1% |
| Furniture and vehicles | 24 | €85,024 | €56,808 | -€28,216 | -33.2% |
| Other tangible fixed assets | 26 | €1,271 | €1,304 | +€34 | +2.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €56,829 | €63,611 | +€6,783 | +11.9% |
| Stocks and contracts in progress | 3 | €2,636 | €5,314 | +€2,678 | +101.6% |
| Stocks | 30/36 | €2,636 | €5,314 | +€2,678 | +101.6% |
| Amounts receivable within one year | 40/41 | €32,875 | €29,922 | -€2,953 | -9.0% |
| Trade receivables | 40 | €30,479 | €28,750 | -€1,729 | -5.7% |
| Other amounts receivable | 41 | €2,397 | €1,172 | -€1,224 | -51.1% |
| Cash at bank and in hand | 54/58 | €21,317 | €28,351 | +€7,034 | +33.0% |
| Deferred charges and accrued income | 490/1 | - | €24 | +€24 | |
| Total equity and liabilities | 10/49 | €153,369 | €138,008 | -€15,361 | -10.0% |
| Equity | 10/15 | -€10,976 | €7,131 | +€18,107 | |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,476 | -€10,369 | +€18,107 | +63.6% |
| Amounts payable | 17/49 | €164,345 | €130,877 | -€33,467 | -20.4% |
| Amounts payable after more than one year | 17 | €73,762 | €39,826 | -€33,935 | -46.0% |
| Financial debts | 170/4 | €73,762 | €39,826 | -€33,935 | -46.0% |
| Amounts payable within one year | 42/48 | €90,583 | €91,051 | +€468 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €32,396 | €33,993 | +€1,597 | +4.9% |
| Trade debts | 44 | €30,251 | €29,018 | -€1,233 | -4.1% |
| Suppliers | 440/4 | €30,251 | €29,018 | -€1,233 | -4.1% |
| Taxes, remuneration and social security | 45 | €15,529 | €12,805 | -€2,723 | -17.5% |
| Taxes | 450/3 | €0 | €2,754 | +€2,754 | |
| Remuneration and social security | 454/9 | €15,529 | €10,051 | -€5,477 | -35.3% |
| Other amounts payable | 47/48 | €12,408 | €15,235 | +€2,827 | +22.8% |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €136,190 | €152,948 | +€16,758 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,953 | €39,725 | -€11,228 | -22.0% |
| Other operating charges | 640/8 | €5,861 | €3,426 | -€2,435 | -41.6% |
| Gross operating margin | 9900 | €168,889 | €220,044 | +€51,155 | +30.3% |
| Operating profit (loss) | 9901 | -€24,115 | €23,946 | +€48,061 | |
| Financial income | 75/76B | €33 | €376 | +€343 | +1039.9% |
| Recurring financial income | 75 | €33 | €376 | +€343 | +1039.9% |
| Financial charges | 65/66B | €3,826 | €5,893 | +€2,066 | +54.0% |
| Recurring financial charges | 65 | €3,826 | €5,893 | +€2,066 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | -€27,908 | €18,429 | +€46,338 | |
| Income taxes | 67/77 | €352 | €323 | -€29 | -8.3% |
| Profit (loss) for the period | 9904 | -€28,260 | €18,107 | +€46,367 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,260 | €18,107 | +€46,367 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.