MALCORPS & DUFOUR ASSOCIATES: 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.
What changed
MALCORPS & DUFOUR ASSOCIATES
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,513
2024 · -€6,510+€997
Equity
€17,829
2024 · €23,341-€5,513
Cash
€289
2024 · €710-€421
Balance sheet total
€734,267
2024 · €757,362-€23,094
Largest movements
Assets
- Tangible fixed assets -€22,243
down €22,243 (-2.9%), from €755,658 to €733,415
Equity and liabilities
- Provisions -€13,201
down €13,201 (-21.6%), from €61,210 to €48,009
Income statement
- Gross operating margin +€2,448
up €2,448 (+35.4%), from €6,910 to €9,357
- Other operating charges +€1,795
up €1,795 (+155%), from €1,159 to €2,954
- Financial charges -€354
down €354 (-11.0%), from €3,228 to €2,874
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.
Result 2024
-€6,510
Gross operating margin
+€2,448
Provisions
-€9
Other operating charges
-€1,795
Financial charges
+€354
Result 2025
-€5,513
raises the resultlowers the result
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.
From operations
+€4,314
Investment
€0
Financing
-€4,735
Cash 2024
€710
From operations (derived)
+€4,314
Net result for the year
-€5,513
Depreciation
+€22,243
Receivables within one year
+€910
Deferred charges and accrued income
-€480
Provisions
-€13,201
Trade debts
+€670
Tax, wage and social debts
+€1,818
Other debts
+€88
Accrued charges and deferred income
-€2,221
Financing
-€4,735
Debts after one year
-€4,995
Current portion of long-term debt
+€260
Cash 2025
€289
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €757,362 | €734,267 | -€23,094 | -3.0% |
| Fixed assets | 21/28 | €755,658 | €733,415 | -€22,243 | -2.9% |
| Tangible fixed assets | 22/27 | €755,658 | €733,415 | -€22,243 | -2.9% |
| Land and buildings | 22 | €755,658 | €733,415 | -€22,243 | -2.9% |
| Current assets | 29/58 | €1,704 | €852 | -€852 | -50.0% |
| Amounts receivable within one year | 40/41 | €994 | €84 | -€910 | -91.6% |
| Trade receivables | 40 | €177 | - | -€177 | |
| Other amounts receivable | 41 | €816 | €84 | -€733 | -89.8% |
| Cash at bank and in hand | 54/58 | €710 | €289 | -€421 | -59.3% |
| Deferred charges and accrued income | 490/1 | - | €480 | +€480 | |
| Total equity and liabilities | 10/49 | €757,362 | €734,267 | -€23,094 | -3.0% |
| Equity | 10/15 | €23,341 | €17,829 | -€5,513 | -23.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,659 | -€7,171 | -€5,513 | -332% |
| Provisions and deferred taxes | 16 | €61,210 | €48,009 | -€13,201 | -21.6% |
| Provisions for liabilities and charges | 160/5 | €61,210 | €48,009 | -€13,201 | -21.6% |
| Major repairs and maintenance | 162 | €61,210 | €48,009 | -€13,201 | -21.6% |
| Amounts payable | 17/49 | €672,811 | €668,430 | -€4,381 | -0.7% |
| Amounts payable after more than one year | 17 | €577,834 | €572,839 | -€4,995 | -0.9% |
| Financial debts | 170/4 | €70,447 | €60,813 | -€9,634 | -13.7% |
| Other amounts payable | 178/9 | €507,386 | €512,025 | +€4,639 | +0.9% |
| Amounts payable within one year | 42/48 | €14,692 | €17,528 | +€2,836 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €9,374 | €9,634 | +€260 | +2.8% |
| Trade debts | 44 | €5,297 | €5,967 | +€670 | +12.7% |
| Suppliers | 440/4 | €5,297 | €5,967 | +€670 | +12.7% |
| Taxes, remuneration and social security | 45 | - | €1,818 | +€1,818 | |
| Taxes | 450/3 | - | €1,818 | +€1,818 | |
| Other amounts payable | 47/48 | €21 | €109 | +€88 | +412% |
| Accrued charges and deferred income | 492/3 | €80,285 | €78,063 | -€2,221 | -2.8% |
| Non-recurring operating income | 76A | - | €2,221 | +€2,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,243 | €22,243 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€13,210 | -€13,201 | +€9 | +0.1% |
| Other operating charges | 640/8 | €1,159 | €2,954 | +€1,795 | +155% |
| Gross operating margin | 9900 | €6,910 | €9,357 | +€2,448 | +35.4% |
| Operating profit (loss) | 9901 | -€3,282 | -€2,639 | +€644 | +19.6% |
| Financial charges | 65/66B | €3,228 | €2,874 | -€354 | -11.0% |
| Recurring financial charges | 65 | €3,228 | €2,874 | -€354 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,510 | -€5,513 | +€997 | +15.3% |
| Profit (loss) for the period | 9904 | -€6,510 | -€5,513 | +€997 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,510 | -€5,513 | +€997 | +15.3% |
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 29 October 2026 via checked.be.