MALCORPS BEHEER: 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.
MALCORPS BEHEER
Largest movements
- Receivables within one year +€39,867
up €39,867 (+7.3%), from €547,082 to €586,949
of which Other amounts receivable: +€41,063
- Tangible fixed assets -€15,031
down €15,031 (-4.3%), from €348,755 to €333,724
- Reserves +€22,781
up €22,781 (+3.1%), from €724,469 to €747,250
of which Distributable reserves: +€22,781
- Debts after one year -€15,163
down €15,163 (-24.5%), from €61,766 to €46,603
- Other operating charges -€2,267
down €2,267 (-29.7%), from €7,634 to €5,367
- Financial income -€780
down €780 (-2.3%), from €34,239 to €33,459
- Taxes +€643
up €643 (+6.4%), from €10,021 to €10,664
- Gross operating margin +€594
up €594 (+2.5%), from €23,697 to €24,290
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 | €949,329 | €974,127 | +€24,798 | +2.6% |
| Fixed assets | 21/28 | €348,755 | €333,724 | -€15,031 | -4.3% |
| Tangible fixed assets | 22/27 | €348,755 | €333,724 | -€15,031 | -4.3% |
| Land and buildings | 22 | €348,755 | €333,724 | -€15,031 | -4.3% |
| Current assets | 29/58 | €600,574 | €640,402 | +€39,828 | +6.6% |
| Amounts receivable after more than one year | 29 | €51,000 | €51,000 | = | 0.0% |
| Other amounts receivable | 291 | €51,000 | €51,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €547,082 | €586,949 | +€39,867 | +7.3% |
| Trade receivables | 40 | €1,196 | €0 | -€1,196 | -100.0% |
| Other amounts receivable | 41 | €545,886 | €586,949 | +€41,063 | +7.5% |
| Cash at bank and in hand | 54/58 | €2,492 | €402 | -€2,090 | -83.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,052 | +€2,052 | |
| Total equity and liabilities | 10/49 | €949,329 | €974,127 | +€24,798 | +2.6% |
| Equity | 10/15 | €857,212 | €879,994 | +€22,781 | +2.7% |
| Contributions | 10/11 | €214,500 | €214,500 | = | 0.0% |
| Capital | 10 | €214,500 | €214,500 | = | 0.0% |
| Issued capital | 100 | €214,500 | €214,500 | = | 0.0% |
| Reserves | 13 | €724,469 | €747,250 | +€22,781 | +3.1% |
| Non-distributable reserves | 130/1 | €16,496 | €16,496 | = | 0.0% |
| Legal reserve | 130 | €16,496 | €16,496 | = | 0.0% |
| Distributable reserves | 133 | €707,973 | €730,754 | +€22,781 | +3.2% |
| Profit (loss) carried forward | 14 | -€81,757 | -€81,757 | = | 0.0% |
| Amounts payable | 17/49 | €92,117 | €94,133 | +€2,016 | +2.2% |
| Amounts payable after more than one year | 17 | €61,766 | €46,603 | -€15,163 | -24.5% |
| Financial debts | 170/4 | €61,766 | €46,603 | -€15,163 | -24.5% |
| Amounts payable within one year | 42/48 | €30,351 | €47,530 | +€17,180 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €14,536 | €15,163 | +€627 | +4.3% |
| Financial debts | 43 | €1,907 | €1,802 | -€105 | -5.5% |
| Other loans | 439 | €1,907 | €1,802 | -€105 | -5.5% |
| Trade debts | 44 | €0 | €3,813 | +€3,813 | |
| Suppliers | 440/4 | €0 | €3,813 | +€3,813 | |
| Taxes, remuneration and social security | 45 | €4,021 | €8,685 | +€4,664 | +116.0% |
| Taxes | 450/3 | €4,021 | €8,685 | +€4,664 | +116.0% |
| Other amounts payable | 47/48 | €9,886 | €18,068 | +€8,182 | +82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,031 | €15,031 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,634 | €5,367 | -€2,267 | -29.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €23,697 | €24,290 | +€594 | +2.5% |
| Operating profit (loss) | 9901 | €1,032 | €3,892 | +€2,861 | +277.2% |
| Financial income | 75/76B | €34,239 | €33,459 | -€780 | -2.3% |
| Recurring financial income | 75 | €34,239 | €33,459 | -€780 | -2.3% |
| Financial charges | 65/66B | €4,023 | €3,906 | -€117 | -2.9% |
| Recurring financial charges | 65 | €4,023 | €3,906 | -€117 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €31,248 | €33,445 | +€2,197 | +7.0% |
| Income taxes | 67/77 | €10,021 | €10,664 | +€643 | +6.4% |
| Profit (loss) for the period | 9904 | €21,227 | €22,781 | +€1,555 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,227 | €22,781 | +€1,555 | +7.3% |
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 4 October 2026 via checked.be.