MALACORP: what changed
MALACORP
Largest movements
- Stocks and contracts -€63,950
down €63,950 (-75.1%), from €85,100 to €21,150
- Receivables within one year +€20,613
up €20,613 (+346%), from €5,954 to €26,568
of which Trade receivables: +€23,616
- Deferred charges and accrued income -€6,808
no longer reported in 2024 (was €6,808)
- Tangible fixed assets -€3,406
down €3,406 (-37.5%), from €9,083 to €5,677
of which Furniture and vehicles: -€2,647
- Cash -€1,393
down €1,393 (-77.4%), from €1,800 to €407
mainly Receivables within one year (-€20,613) and Advances received (-€17,525)
- Profit (loss) carried forward -€26,545
down €26,545, from €10,565 to -€15,980
- Advances received -€17,525
no longer reported in 2024 (was €17,525)
- Other debts -€14,611
down €14,611 (-48.2%), from €30,340 to €15,729
- Tax, wage and social debts -€10,697
down €10,697 (-67.4%), from €15,871 to €5,174
of which Taxes: -€9,867
- Reserves +€10,565
up €10,565 (+37.0%), from €28,565 to €39,130
- Gross operating margin -€35,696
down €35,696, from €29,001 to -€6,695
- Taxes -€4,289
no longer reported in 2024 (was €4,289)
- Financial charges +€889
up €889 (+231%), from €384 to €1,273
- Staff costs +€596
up €596 (+745%), from €80 to €676
- Other operating charges +€511
up €511 (+18.2%), from €2,815 to €3,326
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,746 | €53,802 | -€54,944 | -50.5% |
| Fixed assets | 21/28 | €9,083 | €5,677 | -€3,406 | -37.5% |
| Tangible fixed assets | 22/27 | €9,083 | €5,677 | -€3,406 | -37.5% |
| Plant, machinery and equipment | 23 | €3,083 | €2,324 | -€759 | -24.6% |
| Furniture and vehicles | 24 | €6,000 | €3,353 | -€2,647 | -44.1% |
| Current assets | 29/58 | €99,663 | €48,125 | -€51,538 | -51.7% |
| Stocks and contracts in progress | 3 | €85,100 | €21,150 | -€63,950 | -75.1% |
| Stocks | 30/36 | €85,100 | €21,150 | -€63,950 | -75.1% |
| Amounts receivable within one year | 40/41 | €5,954 | €26,568 | +€20,613 | +346% |
| Trade receivables | 40 | €2,777 | €26,393 | +€23,616 | +850% |
| Other amounts receivable | 41 | €3,177 | €175 | -€3,003 | -94.5% |
| Cash at bank and in hand | 54/58 | €1,800 | €407 | -€1,393 | -77.4% |
| Deferred charges and accrued income | 490/1 | €6,808 | - | -€6,808 | |
| Total equity and liabilities | 10/49 | €108,746 | €53,802 | -€54,944 | -50.5% |
| Equity | 10/15 | €44,130 | €28,150 | -€15,980 | -36.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,565 | €39,130 | +€10,565 | +37.0% |
| Distributable reserves | 133 | €28,565 | €39,130 | +€10,565 | +37.0% |
| Profit (loss) carried forward | 14 | €10,565 | -€15,980 | -€26,545 | |
| Amounts payable | 17/49 | €64,616 | €25,652 | -€38,964 | -60.3% |
| Amounts payable within one year | 42/48 | €64,616 | €25,652 | -€38,964 | -60.3% |
| Trade debts | 44 | €879 | €4,748 | +€3,869 | +440% |
| Suppliers | 440/4 | €879 | €4,748 | +€3,869 | +440% |
| Advances received on contracts in progress | 46 | €17,525 | - | -€17,525 | |
| Taxes, remuneration and social security | 45 | €15,871 | €5,174 | -€10,697 | -67.4% |
| Taxes | 450/3 | €15,041 | €5,174 | -€9,867 | -65.6% |
| Remuneration and social security | 454/9 | €830 | - | -€830 | |
| Other amounts payable | 47/48 | €30,340 | €15,729 | -€14,611 | -48.2% |
| Remuneration, social security and pensions | 62 | €80 | €676 | +€596 | +745% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,024 | €3,406 | +€383 | +12.7% |
| Other operating charges | 640/8 | €2,815 | €3,326 | +€511 | +18.2% |
| Non-recurring operating charges | 66A | €7,848 | €604 | -€7,245 | -92.3% |
| Gross operating margin | 9900 | €29,001 | -€6,695 | -€35,696 | |
| Operating profit (loss) | 9901 | €15,234 | -€14,707 | -€29,941 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €384 | €1,273 | +€889 | +231% |
| Recurring financial charges | 65 | €384 | €1,273 | +€889 | +231% |
| Profit (loss) for the period before taxes | 9903 | €14,854 | -€15,980 | -€30,834 | |
| Income taxes | 67/77 | €4,289 | - | -€4,289 | |
| Profit (loss) for the period | 9904 | €10,565 | -€15,980 | -€26,545 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,565 | -€15,980 | -€26,545 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.