Malagasy Vanilla: 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.
Malagasy Vanilla
Largest movements
- Stocks and contracts +€25,000
new in 2025: €25,000
- Receivables within one year +€1,499
up €1,499 (+195%), from €768 to €2,267
of which Trade receivables: +€1,816
- Deferred charges and accrued income +€431
up €431 (+36.1%), from €1,196 to €1,627
- Trade debts +€24,690
up €24,690 (+1,954%), from €1,264 to €25,953
- Other debts +€10,990
up €10,990 (+115%), from €9,521 to €20,511
- Profit (loss) carried forward -€10,844
down €10,844 (-101%), from -€10,751 to -€21,595
- Advances received +€1,474
new in 2025: €1,474
- Accrued charges and deferred income +€587
up €587 (+559%), from €105 to €692
- Gross operating margin -€881
down €881 (-9.1%), from -€9,648 to -€10,529
- Other operating charges -€748
down €748 (-85.0%), from €880 to €132
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 | €2,138 | €29,051 | +€26,913 | +1,259% |
| Current assets | 29/58 | €2,138 | €29,051 | +€26,913 | +1,259% |
| Stocks and contracts in progress | 3 | - | €25,000 | +€25,000 | |
| Stocks | 30/36 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €768 | €2,267 | +€1,499 | +195% |
| Trade receivables | 40 | €130 | €1,946 | +€1,816 | +1,399% |
| Other amounts receivable | 41 | €638 | €321 | -€317 | -49.7% |
| Cash at bank and in hand | 54/58 | €175 | €158 | -€17 | -10.0% |
| Deferred charges and accrued income | 490/1 | €1,196 | €1,627 | +€431 | +36.1% |
| Total equity and liabilities | 10/49 | €2,138 | €29,051 | +€26,913 | +1,259% |
| Equity | 10/15 | -€8,751 | -€19,595 | -€10,844 | -124% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,751 | -€21,595 | -€10,844 | -101% |
| Amounts payable | 17/49 | €10,889 | €48,646 | +€37,757 | +347% |
| Amounts payable within one year | 42/48 | €10,784 | €47,954 | +€37,170 | +345% |
| Trade debts | 44 | €1,264 | €25,953 | +€24,690 | +1,954% |
| Suppliers | 440/4 | €1,264 | €25,953 | +€24,690 | +1,954% |
| Advances received on contracts in progress | 46 | - | €1,474 | +€1,474 | |
| Taxes, remuneration and social security | 45 | - | €17 | +€17 | |
| Taxes | 450/3 | - | €17 | +€17 | |
| Other amounts payable | 47/48 | €9,521 | €20,511 | +€10,990 | +115% |
| Accrued charges and deferred income | 492/3 | €105 | €692 | +€587 | +559% |
| Other operating charges | 640/8 | €880 | €132 | -€748 | -85.0% |
| Gross operating margin | 9900 | -€9,648 | -€10,529 | -€881 | -9.1% |
| Operating profit (loss) | 9901 | -€10,529 | -€10,661 | -€133 | -1.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €222 | €183 | -€40 | -17.9% |
| Recurring financial charges | 65 | €222 | €183 | -€40 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,751 | -€10,844 | -€93 | -0.9% |
| Profit (loss) for the period | 9904 | -€10,751 | -€10,844 | -€93 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,751 | -€10,844 | -€93 | -0.9% |
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 18 October 2026 via checked.be.