IMMO MALVINA: 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.
IMMO MALVINA
Largest movements
- Cash +€201,829
up €201,829 (+11,865%), from €1,701 to €203,530
mainly Net result for the year (+€238,553) and Depreciation (+€7,166)
- Tangible fixed assets -€7,166
down €7,166 (-5.6%), from €127,529 to €120,363
- Receivables within one year +€6,980
new in 2025: €6,980
- Profit (loss) carried forward +€238,553
up €238,553, from -€106,706 to €131,847
- Tax, wage and social debts -€30,750
no longer reported in 2025 (was €30,750)
- Debts after one year -€6,265
down €6,265 (-53.9%), from €11,631 to €5,366
- Accrued charges and deferred income -€5,970
no longer reported in 2025 (was €5,970)
- Other debts +€4,484
up €4,484 (+2.9%), from €156,852 to €161,336
- Gross operating margin +€329,099
up €329,099 (+5,172%), from €6,363 to €335,462
- Taxes +€83,790
new in 2025: €83,790
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 | €129,230 | €330,873 | +€201,643 | +156% |
| Fixed assets | 21/28 | €127,529 | €120,363 | -€7,166 | -5.6% |
| Tangible fixed assets | 22/27 | €127,529 | €120,363 | -€7,166 | -5.6% |
| Land and buildings | 22 | €127,529 | €120,363 | -€7,166 | -5.6% |
| Current assets | 29/58 | €1,701 | €210,510 | +€208,809 | +12,276% |
| Amounts receivable within one year | 40/41 | - | €6,980 | +€6,980 | |
| Other amounts receivable | 41 | - | €6,980 | +€6,980 | |
| Cash at bank and in hand | 54/58 | €1,701 | €203,530 | +€201,829 | +11,865% |
| Total equity and liabilities | 10/49 | €129,230 | €330,873 | +€201,643 | +156% |
| Equity | 10/15 | -€88,114 | €150,439 | +€238,553 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,706 | €131,847 | +€238,553 | |
| Amounts payable | 17/49 | €217,344 | €180,434 | -€36,910 | -17.0% |
| Amounts payable after more than one year | 17 | €11,631 | €5,366 | -€6,265 | -53.9% |
| Financial debts | 170/4 | €11,631 | €5,366 | -€6,265 | -53.9% |
| Amounts payable within one year | 42/48 | €199,743 | €175,068 | -€24,675 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €6,080 | €6,265 | +€185 | +3.0% |
| Trade debts | 44 | €6,061 | €7,467 | +€1,406 | +23.2% |
| Suppliers | 440/4 | €6,061 | €7,467 | +€1,406 | +23.2% |
| Taxes, remuneration and social security | 45 | €30,750 | - | -€30,750 | |
| Taxes | 450/3 | €30,750 | - | -€30,750 | |
| Other amounts payable | 47/48 | €156,852 | €161,336 | +€4,484 | +2.9% |
| Accrued charges and deferred income | 492/3 | €5,970 | - | -€5,970 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,134 | €7,166 | -€2,968 | -29.3% |
| Other operating charges | 640/8 | €5,127 | €5,258 | +€131 | +2.6% |
| Gross operating margin | 9900 | €6,363 | €335,462 | +€329,099 | +5,172% |
| Operating profit (loss) | 9901 | -€8,898 | €323,038 | +€331,936 | |
| Financial charges | 65/66B | €958 | €695 | -€263 | -27.5% |
| Recurring financial charges | 65 | €958 | €695 | -€263 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,856 | €322,343 | +€332,199 | |
| Income taxes | 67/77 | - | €83,790 | +€83,790 | |
| Profit (loss) for the period | 9904 | -€9,856 | €238,553 | +€248,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,856 | €238,553 | +€248,409 |
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 17 October 2026 via checked.be.