MALCORPS CONCEPTION: 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.
MALCORPS CONCEPTION
Largest movements
- Tangible fixed assets -€30,895
down €30,895 (-24.2%), from €127,654 to €96,759
of which Furniture and vehicles: -€16,589
- Cash +€22,382
up €22,382 (+147.0%), from €15,231 to €37,612
mainly Depreciation (+€39,136) and Tax, wage and social debts (+€10,724)
- Intangible fixed assets -€2,858
down €2,858 (-17.4%), from €16,414 to €13,556
- Other debts -€25,373
down €25,373 (-17.3%), from €146,292 to €120,919
- Tax, wage and social debts +€10,724
up €10,724 (+89.1%), from €12,032 to €22,756
of which Taxes: +€6,917
- Reserves +€7,000
up €7,000 (+41.2%), from €17,000 to €24,000
- Trade debts -€2,186
down €2,186 (-12.5%), from €17,474 to €15,288
- Gross operating margin +€18,456
up €18,456 (+20.5%), from €89,929 to €108,385
- Staff costs +€10,395
up €10,395 (+22.2%), from €46,781 to €57,176
- Taxes +€2,037
up €2,037 (+153.9%), from €1,324 to €3,360
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 | €195,756 | €185,951 | -€9,805 | -5.0% |
| Fixed assets | 21/28 | €144,067 | €110,314 | -€33,753 | -23.4% |
| Intangible fixed assets | 21 | €16,414 | €13,556 | -€2,858 | -17.4% |
| Tangible fixed assets | 22/27 | €127,654 | €96,759 | -€30,895 | -24.2% |
| Plant, machinery and equipment | 23 | €45,538 | €33,892 | -€11,646 | -25.6% |
| Furniture and vehicles | 24 | €58,820 | €42,231 | -€16,589 | -28.2% |
| Other tangible fixed assets | 26 | €23,296 | €20,635 | -€2,661 | -11.4% |
| Current assets | 29/58 | €51,689 | €75,636 | +€23,948 | +46.3% |
| Stocks and contracts in progress | 3 | €8,212 | €7,129 | -€1,083 | -13.2% |
| Stocks | 30/36 | €8,212 | €7,129 | -€1,083 | -13.2% |
| Amounts receivable within one year | 40/41 | €27,740 | €28,870 | +€1,130 | +4.1% |
| Trade receivables | 40 | €25,240 | €26,330 | +€1,091 | +4.3% |
| Other amounts receivable | 41 | €2,500 | €2,540 | +€40 | +1.6% |
| Cash at bank and in hand | 54/58 | €15,231 | €37,612 | +€22,382 | +147.0% |
| Deferred charges and accrued income | 490/1 | €507 | €2,025 | +€1,519 | +299.7% |
| Total equity and liabilities | 10/49 | €195,756 | €185,951 | -€9,805 | -5.0% |
| Equity | 10/15 | €19,957 | €26,967 | +€7,010 | +35.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,000 | €24,000 | +€7,000 | +41.2% |
| Distributable reserves | 133 | €17,000 | €24,000 | +€7,000 | +41.2% |
| Profit (loss) carried forward | 14 | €457 | €467 | +€10 | +2.1% |
| Amounts payable | 17/49 | €175,799 | €158,984 | -€16,815 | -9.6% |
| Amounts payable within one year | 42/48 | €175,799 | €158,963 | -€16,835 | -9.6% |
| Trade debts | 44 | €17,474 | €15,288 | -€2,186 | -12.5% |
| Suppliers | 440/4 | €17,474 | €15,288 | -€2,186 | -12.5% |
| Taxes, remuneration and social security | 45 | €12,032 | €22,756 | +€10,724 | +89.1% |
| Taxes | 450/3 | €7,362 | €14,279 | +€6,917 | +94.0% |
| Remuneration and social security | 454/9 | €4,670 | €8,477 | +€3,807 | +81.5% |
| Other amounts payable | 47/48 | €146,292 | €120,919 | -€25,373 | -17.3% |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €46,781 | €57,176 | +€10,395 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,115 | €39,136 | +€1,021 | +2.7% |
| Other operating charges | 640/8 | €1,505 | €1,200 | -€305 | -20.3% |
| Gross operating margin | 9900 | €89,929 | €108,385 | +€18,456 | +20.5% |
| Operating profit (loss) | 9901 | €3,528 | €10,874 | +€7,346 | +208.2% |
| Financial income | 75/76B | €81 | €87 | +€6 | +7.6% |
| Recurring financial income | 75 | €81 | €87 | +€6 | +7.6% |
| Financial charges | 65/66B | €184 | €591 | +€407 | +221.9% |
| Recurring financial charges | 65 | €184 | €591 | +€407 | +221.9% |
| Profit (loss) for the period before taxes | 9903 | €3,425 | €10,370 | +€6,945 | +202.8% |
| Income taxes | 67/77 | €1,324 | €3,360 | +€2,037 | +153.9% |
| Profit (loss) for the period | 9904 | €2,101 | €7,010 | +€4,908 | +233.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,101 | €7,010 | +€4,908 | +233.6% |
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 12 October 2026 via checked.be.