MALFLIET MANAGEMENT: what changed
MALFLIET MANAGEMENT
Largest movements
- Receivables within one year +€11,781
up €11,781 (+10,691%), from €110 to €11,891
of which Other amounts receivable: +€6,900
- Tangible fixed assets +€514
new in 2025: €514
- Deferred charges and accrued income -€490
down €490 (-100%), from €490 to €0
- Profit (loss) carried forward +€15,045
up €15,045, from -€15,045 to €0
- Other debts -€7,676
down €7,676 (-93.7%), from €8,188 to €512
- Tax, wage and social debts +€3,670
up €3,670 (+1,258%), from €292 to €3,961
- Trade debts +€803
up €803 (+580%), from €138 to €941
- Gross operating margin +€28,504
up €28,504, from -€12,158 to €16,346
- Financial charges -€2,415
down €2,415 (-96.8%), from €2,495 to €80
of which Non-recurring financial charges: -€2,450
- Taxes +€995
new in 2025: €995
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €617 | €12,458 | +€11,842 | +1,921% |
| Fixed assets | 21/28 | €10 | €524 | +€514 | +5,139% |
| Tangible fixed assets | 22/27 | - | €514 | +€514 | |
| Furniture and vehicles | 24 | - | €514 | +€514 | |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €607 | €11,934 | +€11,328 | +1,867% |
| Amounts receivable within one year | 40/41 | €110 | €11,891 | +€11,781 | +10,691% |
| Trade receivables | 40 | €110 | €4,991 | +€4,881 | +4,429% |
| Other amounts receivable | 41 | €0 | €6,900 | +€6,900 | |
| Cash at bank and in hand | 54/58 | €6 | €43 | +€37 | +578% |
| Deferred charges and accrued income | 490/1 | €490 | €0 | -€490 | -100% |
| Total equity and liabilities | 10/49 | €617 | €12,458 | +€11,842 | +1,921% |
| Equity | 10/15 | -€8,045 | €7,044 | +€15,089 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | - | €44 | +€44 | |
| Distributable reserves | 133 | - | €44 | +€44 | |
| Profit (loss) carried forward | 14 | -€15,045 | €0 | +€15,045 | |
| Amounts payable | 17/49 | €8,661 | €5,414 | -€3,247 | -37.5% |
| Amounts payable within one year | 42/48 | €8,618 | €5,414 | -€3,204 | -37.2% |
| Trade debts | 44 | €138 | €941 | +€803 | +580% |
| Suppliers | 440/4 | €138 | €941 | +€803 | +580% |
| Taxes, remuneration and social security | 45 | €292 | €3,961 | +€3,670 | +1,258% |
| Taxes | 450/3 | €292 | €3,961 | +€3,670 | +1,258% |
| Other amounts payable | 47/48 | €8,188 | €512 | -€7,676 | -93.7% |
| Accrued charges and deferred income | 492/3 | €44 | €0 | -€44 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39 | +€39 | |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | -€12,158 | €16,346 | +€28,504 | |
| Operating profit (loss) | 9901 | -€12,158 | €16,163 | +€28,321 | |
| Financial income | 75/76B | €10 | €1 | -€9 | -90.4% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -90.4% |
| Financial charges | 65/66B | €2,495 | €80 | -€2,415 | -96.8% |
| Recurring financial charges | 65 | €45 | €80 | +€35 | +79.1% |
| Non-recurring financial charges | 66B | €2,450 | €0 | -€2,450 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€14,643 | €16,084 | +€30,727 | |
| Income taxes | 67/77 | - | €995 | +€995 | |
| Profit (loss) for the period | 9904 | -€14,643 | €15,089 | +€29,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,643 | €15,089 | +€29,732 |
Next steps
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.