MALENGIER-DEPREZ: 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.
MALENGIER-DEPREZ
Largest movements
- Cash -€30,502
down €30,502 (-23.6%), from €129,011 to €98,509
mainly Tax, wage and social debts (-€24,026) and Other debts (-€15,393)
- Tangible fixed assets -€12,520
down €12,520 (-16.7%), from €75,108 to €62,588
of which Furniture and vehicles: -€8,763
- Receivables within one year -€6,737
down €6,737 (-56.8%), from €11,866 to €5,130
of which Other amounts receivable: -€4,050
- Tax, wage and social debts -€24,026
down €24,026 (-98.1%), from €24,497 to €470
- Other debts -€15,393
down €15,393 (-47.9%), from €32,108 to €16,716
- Profit (loss) carried forward -€10,379
new in 2025: -€10,379
- Gross operating margin -€127,918
down €127,918 (-92.0%), from €139,042 to €11,124
- Taxes -€18,425
down €18,425 (-75.2%), from €24,499 to €6,074
- Depreciation +€7,283
up €7,283 (+139%), from €5,237 to €12,520
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 | €215,985 | €167,380 | -€48,605 | -22.5% |
| Fixed assets | 21/28 | €75,108 | €62,588 | -€12,520 | -16.7% |
| Tangible fixed assets | 22/27 | €75,108 | €62,588 | -€12,520 | -16.7% |
| Land and buildings | 22 | €34,859 | €31,151 | -€3,708 | -10.6% |
| Plant, machinery and equipment | 23 | €122 | €73 | -€49 | -40.5% |
| Furniture and vehicles | 24 | €40,128 | €31,365 | -€8,763 | -21.8% |
| Current assets | 29/58 | €140,877 | €104,792 | -€36,085 | -25.6% |
| Amounts receivable within one year | 40/41 | €11,866 | €5,130 | -€6,737 | -56.8% |
| Trade receivables | 40 | €2,687 | €0 | -€2,687 | -100% |
| Other amounts receivable | 41 | €9,180 | €5,130 | -€4,050 | -44.1% |
| Cash at bank and in hand | 54/58 | €129,011 | €98,509 | -€30,502 | -23.6% |
| Deferred charges and accrued income | 490/1 | - | €1,153 | +€1,153 | |
| Total equity and liabilities | 10/49 | €215,985 | €167,380 | -€48,605 | -22.5% |
| Equity | 10/15 | €159,203 | €148,824 | -€10,379 | -6.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €140,611 | €140,611 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,591 | €1,591 | = | 0.0% |
| Distributable reserves | 133 | €137,161 | €137,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,379 | -€10,379 | |
| Amounts payable | 17/49 | €56,782 | €18,556 | -€38,226 | -67.3% |
| Amounts payable within one year | 42/48 | €56,782 | €18,556 | -€38,226 | -67.3% |
| Trade debts | 44 | €177 | €1,370 | +€1,193 | +674% |
| Suppliers | 440/4 | €177 | €1,370 | +€1,193 | +674% |
| Taxes, remuneration and social security | 45 | €24,497 | €470 | -€24,026 | -98.1% |
| Taxes | 450/3 | €24,497 | €470 | -€24,026 | -98.1% |
| Other amounts payable | 47/48 | €32,108 | €16,716 | -€15,393 | -47.9% |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,237 | €12,520 | +€7,283 | +139% |
| Other operating charges | 640/8 | €3,562 | €3,021 | -€541 | -15.2% |
| Gross operating margin | 9900 | €139,042 | €11,124 | -€127,918 | -92.0% |
| Operating profit (loss) | 9901 | €130,243 | -€4,417 | -€134,660 | |
| Financial income | 75/76B | €71 | €262 | +€191 | +269% |
| Recurring financial income | 75 | €71 | €262 | +€191 | +269% |
| Financial charges | 65/66B | €34 | €150 | +€116 | +344% |
| Recurring financial charges | 65 | €34 | €150 | +€116 | +344% |
| Profit (loss) for the period before taxes | 9903 | €130,280 | -€4,305 | -€134,585 | |
| Income taxes | 67/77 | €24,499 | €6,074 | -€18,425 | -75.2% |
| Profit (loss) for the period | 9904 | €105,781 | -€10,379 | -€116,160 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,781 | -€10,379 | -€116,160 |
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 27 October 2026 via checked.be.