Malghem Consulting: 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.
Malghem Consulting
Largest movements
- Receivables within one year +€15,936
up €15,936 (+78.3%), from €20,358 to €36,293
of which Trade receivables: +€9,327
- Cash +€1,196
up €1,196, from €0 to €1,196
mainly Net result for the year (+€31,650) and Tax, wage and social debts (+€2,740)
- Profit (loss) carried forward +€31,650
up €31,650 (+164%), from €19,340 to €50,990
- Debts after one year -€16,000
down €16,000 (-33.3%), from €48,000 to €32,000
- Short-term financial debts -€3,118
no longer reported in 2025 (was €3,118)
- Tax, wage and social debts +€2,740
up €2,740 (+19.2%), from €14,292 to €17,032
- Current portion of long-term debt +€1,333
up €1,333 (+8.3%), from €16,000 to €17,333
- Gross operating margin +€39,365
up €39,365 (+670%), from €5,874 to €45,240
- Taxes +€10,760
up €10,760 (+678%), from €1,588 to €12,347
- Financial income -€1,155
no longer reported in 2025 (was €1,155)
- Other operating charges +€719
up €719 (+1,128%), from €64 to €783
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 | €100,850 | €117,607 | +€16,758 | +16.6% |
| Fixed assets | 21/28 | €80,492 | €80,118 | -€374 | -0.5% |
| Tangible fixed assets | 22/27 | €492 | €118 | -€374 | -76.1% |
| Furniture and vehicles | 24 | €492 | €118 | -€374 | -76.1% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €20,358 | €37,490 | +€17,132 | +84.2% |
| Amounts receivable within one year | 40/41 | €20,358 | €36,293 | +€15,936 | +78.3% |
| Trade receivables | 40 | €288 | €9,615 | +€9,327 | +3,238% |
| Other amounts receivable | 41 | €20,070 | €26,679 | +€6,609 | +32.9% |
| Cash at bank and in hand | 54/58 | €0 | €1,196 | +€1,196 | |
| Total equity and liabilities | 10/49 | €100,850 | €117,607 | +€16,758 | +16.6% |
| Equity | 10/15 | €19,440 | €51,090 | +€31,650 | +163% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,340 | €50,990 | +€31,650 | +164% |
| Amounts payable | 17/49 | €81,409 | €66,517 | -€14,893 | -18.3% |
| Amounts payable after more than one year | 17 | €48,000 | €32,000 | -€16,000 | -33.3% |
| Financial debts | 170/4 | €48,000 | €32,000 | -€16,000 | -33.3% |
| Amounts payable within one year | 42/48 | €33,409 | €34,517 | +€1,107 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €17,333 | +€1,333 | +8.3% |
| Financial debts | 43 | €3,118 | - | -€3,118 | |
| Credit institutions | 430/8 | €3,118 | - | -€3,118 | |
| Trade debts | 44 | - | €152 | +€152 | |
| Suppliers | 440/4 | - | €152 | +€152 | |
| Taxes, remuneration and social security | 45 | €14,292 | €17,032 | +€2,740 | +19.2% |
| Taxes | 450/3 | €14,292 | €17,032 | +€2,740 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €704 | €374 | -€330 | -46.8% |
| Other operating charges | 640/8 | €64 | €783 | +€719 | +1,128% |
| Gross operating margin | 9900 | €5,874 | €45,240 | +€39,365 | +670% |
| Operating profit (loss) | 9901 | €5,106 | €44,082 | +€38,976 | +763% |
| Financial income | 75/76B | €1,155 | - | -€1,155 | |
| Recurring financial income | 75 | €1,155 | - | -€1,155 | |
| Financial charges | 65/66B | €117 | €85 | -€32 | -27.5% |
| Recurring financial charges | 65 | €117 | €85 | -€32 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €6,144 | €43,997 | +€37,853 | +616% |
| Income taxes | 67/77 | €1,588 | €12,347 | +€10,760 | +678% |
| Profit (loss) for the period | 9904 | €4,557 | €31,650 | +€27,093 | +595% |
| Profit (loss) for the period to be appropriated | 9905 | €4,557 | €31,650 | +€27,093 | +595% |
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 24 October 2026 via checked.be.