MALDEREZ: 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.
MALDEREZ
Largest movements
- Receivables within one year +€7,444
up €7,444 (+49.2%), from €15,129 to €22,573
of which Trade receivables: +€4,009
- Stocks and contracts -€4,959
down €4,959 (-100%), from €4,959 to €0
- Tangible fixed assets -€3,410
down €3,410 (-35.9%), from €9,504 to €6,094
of which Furniture and vehicles: -€3,271
- Cash +€920
up €920 (+61.1%), from €1,506 to €2,426
mainly Stocks and contracts (+€4,959) and Depreciation (+€4,588)
- Tax, wage and social debts +€3,908
up €3,908 (+30.8%), from €12,702 to €16,610
of which Taxes: +€3,908
- Trade debts -€3,845
down €3,845 (-49.0%), from €7,846 to €4,000
- Profit (loss) carried forward -€373
down €373 (-4.0%), from €9,411 to €9,038
- Gross operating margin +€14,719
up €14,719 (+2,719%), from €541 to €15,260
- Other operating charges +€7,427
up €7,427 (+846%), from €878 to €8,305
- Taxes +€1,286
up €1,286 (+330%), from €389 to €1,676
- Financial charges +€397
up €397 (+59.4%), from €669 to €1,066
- Depreciation +€287
up €287 (+6.7%), from €4,301 to €4,588
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,459 | €31,149 | -€310 | -1.0% |
| Fixed assets | 21/28 | €9,504 | €6,094 | -€3,410 | -35.9% |
| Tangible fixed assets | 22/27 | €9,504 | €6,094 | -€3,410 | -35.9% |
| Land and buildings | 22 | €1,178 | €1,040 | -€139 | -11.8% |
| Furniture and vehicles | 24 | €8,326 | €5,055 | -€3,271 | -39.3% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €21,954 | €25,054 | +€3,100 | +14.1% |
| Stocks and contracts in progress | 3 | €4,959 | €0 | -€4,959 | -100% |
| Contracts in progress | 37 | €4,959 | €0 | -€4,959 | -100% |
| Amounts receivable within one year | 40/41 | €15,129 | €22,573 | +€7,444 | +49.2% |
| Trade receivables | 40 | €8,308 | €12,317 | +€4,009 | +48.3% |
| Other amounts receivable | 41 | €6,821 | €10,256 | +€3,435 | +50.4% |
| Cash at bank and in hand | 54/58 | €1,506 | €2,426 | +€920 | +61.1% |
| Deferred charges and accrued income | 490/1 | €361 | €55 | -€306 | -84.8% |
| Total equity and liabilities | 10/49 | €31,459 | €31,149 | -€310 | -1.0% |
| Equity | 10/15 | €10,911 | €10,538 | -€373 | -3.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,411 | €9,038 | -€373 | -4.0% |
| Amounts payable | 17/49 | €20,548 | €20,611 | +€63 | +0.3% |
| Amounts payable within one year | 42/48 | €20,548 | €20,611 | +€63 | +0.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,846 | €4,000 | -€3,845 | -49.0% |
| Suppliers | 440/4 | €7,846 | €4,000 | -€3,845 | -49.0% |
| Taxes, remuneration and social security | 45 | €12,702 | €16,610 | +€3,908 | +30.8% |
| Taxes | 450/3 | €12,702 | €16,610 | +€3,908 | +30.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,301 | €4,588 | +€287 | +6.7% |
| Other operating charges | 640/8 | €878 | €8,305 | +€7,427 | +846% |
| Gross operating margin | 9900 | €541 | €15,260 | +€14,719 | +2,719% |
| Operating profit (loss) | 9901 | -€4,637 | €2,367 | +€7,004 | |
| Financial income | 75/76B | €5 | €2 | -€3 | -65.4% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -65.4% |
| Financial charges | 65/66B | €669 | €1,066 | +€397 | +59.4% |
| Recurring financial charges | 65 | €669 | €1,066 | +€397 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,301 | €1,303 | +€6,604 | |
| Income taxes | 67/77 | €389 | €1,676 | +€1,286 | +330% |
| Profit (loss) for the period | 9904 | -€5,690 | -€373 | +€5,317 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,690 | -€373 | +€5,317 | +93.4% |
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.