MALCOURANT - MECANIQUE: what changed
What changed
MALCOURANT - MECANIQUE
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
€62,058
2024 · €54,660+€7,398
Equity
€793,539
2024 · €736,282+€57,257
Cash
€111,047
2024 · €275,709-€164,663
Balance sheet total
€4.0m
2024 · €2.5m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+154%), from €725,281 to €1.8m
of which Plant, machinery and equipment: +€776,900
- Stocks and contracts +€263,536
up €263,536 (+58.8%), from €448,317 to €711,853
- Cash -€164,663
down €164,663 (-59.7%), from €275,709 to €111,047
mainly Investment in fixed assets (net) (-€1.5m) and Stocks and contracts (-€263,536)
- Intangible fixed assets +€117,647
up €117,647 (+54.3%), from €216,709 to €334,356
- Receivables within one year +€92,067
up €92,067 (+14.4%), from €637,877 to €729,944
of which Other amounts receivable: +€60,876
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+95.1%), from €1.2m to €2.4m
of which Financial debts: +€1.1m
- Current portion of long-term debt +€163,674
up €163,674 (+209%), from €78,270 to €241,944
- Trade debts +€84,812
up €84,812 (+32.2%), from €263,285 to €348,097
- Profit (loss) carried forward +€62,058
up €62,058 (+37.3%), from €166,253 to €228,310
Income statement
- Gross operating margin +€99,190
up €99,190 (+7.8%), from €1.3m to €1.4m
- Depreciation +€91,963
up €91,963 (+53.9%), from €170,656 to €262,618
- Taxes -€25,755
down €25,755 (-99.3%), from €25,924 to €169
- Financial charges +€22,100
up €22,100 (+37.0%), from €59,733 to €81,833
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€54,660
Gross operating margin
+€99,190
Staff costs
-€6,265
Depreciation
-€91,963
Other operating charges
+€3,833
Other operating items
-€340
Financial income
-€713
Financial charges
-€22,100
Taxes
+€25,755
Result 2025
€62,058
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7,812
Investment
-€1.5m
Financing
+€1.3m
Cash 2024
€275,709
From operations (derived)
+€7,812
Net result for the year
+€62,058
Depreciation
+€262,618
Receivables after one year
-€9,600
Stocks and contracts
-€263,536
Receivables within one year
-€92,067
Deferred charges and accrued income
-€4,783
Trade debts
+€84,812
Tax, wage and social debts
-€21,051
Advances received
-€10,664
Accrued charges and deferred income
+€24
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€1.3m
Debts after one year
+€1.2m
Current portion of long-term debt
+€163,674
Contributions, distributions and other
-€4,801
Cash 2025
€111,047
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,530,524 | €3,973,873 | +€1.4m | +57.0% |
| Fixed assets | 21/28 | €941,990 | €2,180,016 | +€1.2m | +131% |
| Intangible fixed assets | 21 | €216,709 | €334,356 | +€117,647 | +54.3% |
| Tangible fixed assets | 22/27 | €725,281 | €1,845,660 | +€1.1m | +154% |
| Land and buildings | 22 | €630,553 | €960,141 | +€329,588 | +52.3% |
| Plant, machinery and equipment | 23 | €74,785 | €851,685 | +€776,900 | +1,039% |
| Furniture and vehicles | 24 | €19,943 | €33,834 | +€13,892 | +69.7% |
| Current assets | 29/58 | €1,588,534 | €1,793,857 | +€205,323 | +12.9% |
| Amounts receivable after more than one year | 29 | €223,750 | €233,350 | +€9,600 | +4.3% |
| Other amounts receivable | 291 | €223,750 | €233,350 | +€9,600 | +4.3% |
| Stocks and contracts in progress | 3 | €448,317 | €711,853 | +€263,536 | +58.8% |
| Stocks | 30/36 | €448,317 | €711,853 | +€263,536 | +58.8% |
| Amounts receivable within one year | 40/41 | €637,877 | €729,944 | +€92,067 | +14.4% |
| Trade receivables | 40 | €637,572 | €668,762 | +€31,190 | +4.9% |
| Other amounts receivable | 41 | €305 | €61,181 | +€60,876 | +19,965% |
| Cash at bank and in hand | 54/58 | €275,709 | €111,047 | -€164,663 | -59.7% |
| Deferred charges and accrued income | 490/1 | €2,881 | €7,664 | +€4,783 | +166% |
| Total equity and liabilities | 10/49 | €2,530,524 | €3,973,873 | +€1.4m | +57.0% |
| Equity | 10/15 | €736,282 | €793,539 | +€57,257 | +7.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €56,401 | €56,401 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,401 | €6,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,253 | €228,310 | +€62,058 | +37.3% |
| Investment grants | 15 | €13,629 | €8,828 | -€4,801 | -35.2% |
| Amounts payable | 17/49 | €1,794,242 | €3,180,334 | +€1.4m | +77.3% |
| Amounts payable after more than one year | 17 | €1,229,007 | €2,398,304 | +€1.2m | +95.1% |
| Financial debts | 170/4 | €344,007 | €1,493,304 | +€1.1m | +334% |
| Other amounts payable | 178/9 | €885,000 | €905,000 | +€20,000 | +2.3% |
| Amounts payable within one year | 42/48 | €563,599 | €780,370 | +€216,771 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €78,270 | €241,944 | +€163,674 | +209% |
| Trade debts | 44 | €263,285 | €348,097 | +€84,812 | +32.2% |
| Suppliers | 440/4 | €263,285 | €348,097 | +€84,812 | +32.2% |
| Advances received on contracts in progress | 46 | €11,722 | €1,058 | -€10,664 | -91.0% |
| Taxes, remuneration and social security | 45 | €210,292 | €189,241 | -€21,051 | -10.0% |
| Taxes | 450/3 | €67,393 | €37,836 | -€29,556 | -43.9% |
| Remuneration and social security | 454/9 | €142,899 | €151,405 | +€8,506 | +6.0% |
| Other amounts payable | 47/48 | €30 | €30 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,636 | €1,660 | +€24 | +1.5% |
| Non-recurring operating income | 76A | €4,911 | €5,500 | +€589 | +12.0% |
| Remuneration, social security and pensions | 62 | €953,443 | €959,708 | +€6,265 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,656 | €262,618 | +€91,963 | +53.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €23,497 | €19,664 | -€3,833 | -16.3% |
| Non-recurring operating charges | 66A | €1,160 | €1,500 | +€340 | +29.3% |
| Gross operating margin | 9900 | €1,271,868 | €1,371,058 | +€99,190 | +7.8% |
| Operating profit (loss) | 9901 | €123,112 | €127,567 | +€4,455 | +3.6% |
| Financial income | 75/76B | €17,204 | €16,492 | -€713 | -4.1% |
| Recurring financial income | 75 | €17,204 | €16,492 | -€713 | -4.1% |
| Financial charges | 65/66B | €59,733 | €81,833 | +€22,100 | +37.0% |
| Recurring financial charges | 65 | €59,733 | €81,833 | +€22,100 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €80,584 | €62,226 | -€18,358 | -22.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €25,924 | €169 | -€25,755 | -99.3% |
| Profit (loss) for the period | 9904 | €54,660 | €62,058 | +€7,398 | +13.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €54,660 | €62,058 | +€7,398 | +13.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.