MALENGIER WFJ: 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 WFJ
Largest movements
- Stocks and contracts +€651,644
up €651,644 (+22.2%), from €2.9m to €3.6m
- Receivables within one year +€153,663
up €153,663 (+18.3%), from €838,016 to €991,678
of which Other amounts receivable: +€103,945
- Cash -€124,842
down €124,842 (-39.4%), from €316,978 to €192,136
mainly Stocks and contracts (-€651,644) and Receivables within one year (-€153,663)
- Tangible fixed assets -€51,519
down €51,519 (-13.6%), from €377,911 to €326,391
of which Furniture and vehicles: -€37,928
- Short-term financial debts +€439,961
up €439,961 (+29.7%), from €1.5m to €1.9m
- Trade debts +€179,775
up €179,775 (+26.8%), from €670,462 to €850,237
- Reserves +€162,866
up €162,866 (+13.9%), from €1.2m to €1.3m
of which Distributable reserves: +€205,578
- Debts after one year -€82,348
down €82,348 (-10.0%), from €820,887 to €738,539
of which Financial debts: -€223,348
- Taxes +€56,378
up €56,378 (+256%), from €22,021 to €78,398
- Write-downs -€49,246
down €49,246, from €37,990 to -€11,256
- Gross operating margin +€34,328
up €34,328 (+5.8%), from €588,426 to €622,754
- Financial income +€19,554
up €19,554 (+48.5%), from €40,327 to €59,881
- Financial charges -€19,116
down €19,116 (-17.3%), from €110,666 to €91,550
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 | €4,485,231 | €5,114,790 | +€629,560 | +14.0% |
| Fixed assets | 21/28 | €382,651 | €333,699 | -€48,952 | -12.8% |
| Intangible fixed assets | 21 | €2,740 | €7,307 | +€4,567 | +167% |
| Tangible fixed assets | 22/27 | €377,911 | €326,391 | -€51,519 | -13.6% |
| Land and buildings | 22 | €56,920 | €53,837 | -€3,084 | -5.4% |
| Plant, machinery and equipment | 23 | €234,016 | €223,509 | -€10,507 | -4.5% |
| Furniture and vehicles | 24 | €86,974 | €49,046 | -€37,928 | -43.6% |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €4,102,580 | €4,781,092 | +€678,512 | +16.5% |
| Amounts receivable after more than one year | 29 | €4,000 | - | -€4,000 | |
| Other amounts receivable | 291 | €4,000 | - | -€4,000 | |
| Stocks and contracts in progress | 3 | €2,930,556 | €3,582,199 | +€651,644 | +22.2% |
| Stocks | 30/36 | €2,930,556 | €3,582,199 | +€651,644 | +22.2% |
| Amounts receivable within one year | 40/41 | €838,016 | €991,678 | +€153,663 | +18.3% |
| Trade receivables | 40 | €810,033 | €859,750 | +€49,717 | +6.1% |
| Other amounts receivable | 41 | €27,983 | €131,928 | +€103,945 | +371% |
| Cash at bank and in hand | 54/58 | €316,978 | €192,136 | -€124,842 | -39.4% |
| Deferred charges and accrued income | 490/1 | €13,031 | €15,078 | +€2,048 | +15.7% |
| Total equity and liabilities | 10/49 | €4,485,231 | €5,114,790 | +€629,560 | +14.0% |
| Equity | 10/15 | €1,216,952 | €1,379,818 | +€162,866 | +13.4% |
| Contributions | 10/11 | €46,480 | €46,480 | = | 0.0% |
| Contributions outside capital | 11 | €46,480 | €46,480 | = | 0.0% |
| Other | 1109/19 | €46,480 | €46,480 | = | 0.0% |
| Reserves | 13 | €1,170,472 | €1,333,338 | +€162,866 | +13.9% |
| Tax-exempt reserves | 132 | €83,313 | €40,600 | -€42,713 | -51.3% |
| Distributable reserves | 133 | €1,087,159 | €1,292,738 | +€205,578 | +18.9% |
| Provisions and deferred taxes | 16 | €14,238 | - | -€14,238 | |
| Deferred taxes | 168 | €14,238 | - | -€14,238 | |
| Amounts payable | 17/49 | €3,254,041 | €3,734,973 | +€480,931 | +14.8% |
| Amounts payable after more than one year | 17 | €820,887 | €738,539 | -€82,348 | -10.0% |
| Financial debts | 170/4 | €444,251 | €220,903 | -€223,348 | -50.3% |
| Other amounts payable | 178/9 | €376,636 | €517,636 | +€141,000 | +37.4% |
| Amounts payable within one year | 42/48 | €2,433,154 | €2,996,080 | +€562,926 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €179,902 | €131,681 | -€48,221 | -26.8% |
| Financial debts | 43 | €1,479,408 | €1,919,370 | +€439,961 | +29.7% |
| Credit institutions | 430/8 | €1,479,408 | €1,919,370 | +€439,961 | +29.7% |
| Trade debts | 44 | €670,462 | €850,237 | +€179,775 | +26.8% |
| Suppliers | 440/4 | €670,462 | €850,237 | +€179,775 | +26.8% |
| Taxes, remuneration and social security | 45 | €70,737 | €58,668 | -€12,069 | -17.1% |
| Taxes | 450/3 | €37,332 | €30,502 | -€6,831 | -18.3% |
| Remuneration and social security | 454/9 | €33,405 | €28,167 | -€5,238 | -15.7% |
| Other amounts payable | 47/48 | €32,644 | €36,124 | +€3,479 | +10.7% |
| Accrued charges and deferred income | 492/3 | - | €353 | +€353 | |
| Remuneration, social security and pensions | 62 | €270,068 | €252,998 | -€17,070 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,469 | €104,766 | +€4,297 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,990 | -€11,256 | -€49,246 | |
| Other operating charges | 640/8 | €4,408 | €4,550 | +€142 | +3.2% |
| Gross operating margin | 9900 | €588,426 | €622,754 | +€34,328 | +5.8% |
| Operating profit (loss) | 9901 | €175,491 | €271,696 | +€96,205 | +54.8% |
| Financial income | 75/76B | €40,327 | €59,881 | +€19,554 | +48.5% |
| Recurring financial income | 75 | €40,327 | €59,881 | +€19,554 | +48.5% |
| Financial charges | 65/66B | €110,666 | €91,550 | -€19,116 | -17.3% |
| Recurring financial charges | 65 | €110,666 | €91,550 | -€19,116 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €105,152 | €240,026 | +€134,875 | +128% |
| Transfer from deferred taxes | 780 | €1,675 | €14,238 | +€12,563 | +750% |
| Income taxes | 67/77 | €22,021 | €78,398 | +€56,378 | +256% |
| Profit (loss) for the period | 9904 | €84,806 | €175,866 | +€91,060 | +107% |
| Transfer from tax-exempt reserves | 789 | €5,025 | €42,713 | +€37,688 | +750% |
| Profit (loss) for the period to be appropriated | 9905 | €89,831 | €218,578 | +€128,747 | +143% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.