MALBRANCKE: 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.
MALBRANCKE
Largest movements
- Receivables within one year +€121,549
up €121,549 (+28.8%), from €421,888 to €543,437
of which Other amounts receivable: +€93,402
- Cash -€17,512
down €17,512 (-88.0%), from €19,895 to €2,383
mainly Receivables within one year (-€121,549) and Trade debts (-€46,954)
- Accrued charges and deferred income +€107,996
up €107,996 (+97.8%), from €110,445 to €218,441
- Trade debts -€46,954
down €46,954 (-81.2%), from €57,858 to €10,904
- Reserves +€16,033
up €16,033 (+6.3%), from €253,890 to €269,923
of which Distributable reserves: +€16,033
- Other debts +€14,039
up €14,039 (+302.5%), from €4,641 to €18,680
- Tax, wage and social debts +€7,359
up €7,359 (+19.2%), from €38,247 to €45,606
of which Remuneration and social security: +€7,055
- Gross operating margin +€6,001
up €6,001 (+9.5%), from €63,203 to €69,204
- Staff costs -€1,914
down €1,914 (-3.7%), from €51,826 to €49,911
- Other operating charges -€1,471
down €1,471 (-80.2%), from €1,835 to €364
- Financial charges +€1,101
up €1,101 (+50.1%), from €2,197 to €3,298
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 | €464,775 | €568,235 | +€103,460 | +22.3% |
| Fixed assets | 21/28 | €22,248 | €21,671 | -€577 | -2.6% |
| Tangible fixed assets | 22/27 | €11,331 | €10,755 | -€577 | -5.1% |
| Land and buildings | 22 | €555 | €201 | -€353 | -63.7% |
| Furniture and vehicles | 24 | €10,777 | €10,553 | -€223 | -2.1% |
| Financial fixed assets | 28 | €10,917 | €10,917 | = | 0.0% |
| Current assets | 29/58 | €442,527 | €546,564 | +€104,037 | +23.5% |
| Stocks and contracts in progress | 3 | €400 | €400 | = | 0.0% |
| Stocks | 30/36 | €400 | €400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €421,888 | €543,437 | +€121,549 | +28.8% |
| Trade receivables | 40 | €62,181 | €90,328 | +€28,147 | +45.3% |
| Other amounts receivable | 41 | €359,707 | €453,109 | +€93,402 | +26.0% |
| Cash at bank and in hand | 54/58 | €19,895 | €2,383 | -€17,512 | -88.0% |
| Deferred charges and accrued income | 490/1 | €343 | €343 | = | 0.0% |
| Total equity and liabilities | 10/49 | €464,775 | €568,235 | +€103,460 | +22.3% |
| Equity | 10/15 | €246,045 | €262,077 | +€16,033 | +6.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €253,890 | €269,923 | +€16,033 | +6.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €252,031 | €268,064 | +€16,033 | +6.4% |
| Profit (loss) carried forward | 14 | -€27,846 | -€27,846 | = | 0.0% |
| Amounts payable | 17/49 | €218,730 | €306,158 | +€87,428 | +40.0% |
| Amounts payable after more than one year | 17 | €2,488 | €2,488 | = | 0.0% |
| Financial debts | 170/4 | €2,488 | €2,488 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,797 | €85,228 | -€20,569 | -19.4% |
| Financial debts | 43 | €5,051 | €10,038 | +€4,987 | +98.7% |
| Credit institutions | 430/8 | €5,051 | €10,038 | +€4,987 | +98.7% |
| Trade debts | 44 | €57,858 | €10,904 | -€46,954 | -81.2% |
| Suppliers | 440/4 | €57,858 | €10,904 | -€46,954 | -81.2% |
| Taxes, remuneration and social security | 45 | €38,247 | €45,606 | +€7,359 | +19.2% |
| Taxes | 450/3 | €1,668 | €1,972 | +€304 | +18.3% |
| Remuneration and social security | 454/9 | €36,579 | €43,634 | +€7,055 | +19.3% |
| Other amounts payable | 47/48 | €4,641 | €18,680 | +€14,039 | +302.5% |
| Accrued charges and deferred income | 492/3 | €110,445 | €218,441 | +€107,996 | +97.8% |
| Remuneration, social security and pensions | 62 | €51,826 | €49,911 | -€1,914 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577 | €577 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,835 | €364 | -€1,471 | -80.2% |
| Gross operating margin | 9900 | €63,203 | €69,204 | +€6,001 | +9.5% |
| Operating profit (loss) | 9901 | €8,966 | €18,352 | +€9,386 | +104.7% |
| Financial income | 75/76B | €591 | €979 | +€388 | +65.7% |
| Recurring financial income | 75 | €591 | €979 | +€388 | +65.7% |
| Financial charges | 65/66B | €2,197 | €3,298 | +€1,101 | +50.1% |
| Recurring financial charges | 65 | €2,197 | €3,298 | +€1,101 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €7,360 | €16,033 | +€8,673 | +117.8% |
| Profit (loss) for the period | 9904 | €7,360 | €16,033 | +€8,673 | +117.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,360 | €16,033 | +€8,673 | +117.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.