IMMO MALIBRAN: 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.
IMMO MALIBRAN
Largest movements
- Cash -€71,987
down €71,987 (-50.8%), from €141,615 to €69,627
mainly Other debts (-€59,511) and Tax, wage and social debts (-€20,565)
- Other debts -€59,511
down €59,511 (-95.9%), from €62,033 to €2,522
- Tax, wage and social debts -€20,565
down €20,565 (-80.4%), from €25,572 to €5,007
- Profit (loss) carried forward +€10,187
up €10,187 (+13.3%), from €76,833 to €87,020
- Taxes +€8,186
new in 2025: €8,186
- Gross operating margin +€6,489
up €6,489 (+41.4%), from €15,679 to €22,168
- Purchases and services -€6,039
down €6,039 (-22.8%), from €26,451 to €20,412
- Depreciation -€3,912
no longer reported in 2025 (was €3,912)
- Financial charges -€1,215
down €1,215 (-41.8%), from €2,907 to €1,692
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 | €166,681 | €94,873 | -€71,808 | -43.1% |
| Fixed assets | 21/28 | €25,066 | €25,066 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,066 | €25,066 | = | 0.0% |
| Plant, machinery and equipment | 23 | €25,066 | €25,066 | = | 0.0% |
| Current assets | 29/58 | €141,615 | €69,807 | -€71,808 | -50.7% |
| Cash at bank and in hand | 54/58 | €141,615 | €69,627 | -€71,987 | -50.8% |
| Deferred charges and accrued income | 490/1 | - | €179 | +€179 | |
| Total equity and liabilities | 10/49 | €166,681 | €94,873 | -€71,808 | -43.1% |
| Equity | 10/15 | €76,833 | €87,020 | +€10,187 | +13.3% |
| Profit (loss) carried forward | 14 | €76,833 | €87,020 | +€10,187 | +13.3% |
| Amounts payable | 17/49 | €89,848 | €7,852 | -€81,995 | -91.3% |
| Amounts payable within one year | 42/48 | €89,848 | €7,852 | -€81,995 | -91.3% |
| Trade debts | 44 | €1,242 | €324 | -€918 | -73.9% |
| Suppliers | 440/4 | €1,242 | €324 | -€918 | -73.9% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €25,572 | €5,007 | -€20,565 | -80.4% |
| Taxes | 450/3 | €25,572 | €5,007 | -€20,565 | -80.4% |
| Other amounts payable | 47/48 | €62,033 | €2,522 | -€59,511 | -95.9% |
| Turnover | 70 | €42,130 | €42,580 | +€450 | +1.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,451 | €20,412 | -€6,039 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,912 | - | -€3,912 | |
| Other operating charges | 640/8 | €2,571 | €3,051 | +€480 | +18.7% |
| Gross operating margin | 9900 | €15,679 | €22,168 | +€6,489 | +41.4% |
| Operating profit (loss) | 9901 | €9,196 | €19,117 | +€9,921 | +107.9% |
| Financial income | 75/76B | - | €948 | +€948 | |
| Recurring financial income | 75 | - | €948 | +€948 | |
| Financial charges | 65/66B | €2,907 | €1,692 | -€1,215 | -41.8% |
| Recurring financial charges | 65 | €2,907 | €1,692 | -€1,215 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €6,289 | €18,373 | +€12,084 | +192.1% |
| Income taxes | 67/77 | - | €8,186 | +€8,186 | |
| Profit (loss) for the period | 9904 | €6,289 | €10,187 | +€3,898 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,289 | €10,187 | +€3,898 | +62.0% |
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 2 October 2026 via checked.be.