MALHA RENOV: 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.
MALHA RENOV
Largest movements
- Receivables within one year +€16,699
up €16,699 (+420%), from €3,976 to €20,675
of which Trade receivables: +€15,630
- Cash +€14,689
up €14,689 (+756%), from €1,944 to €16,633
mainly Net result for the year (+€20,930) and Depreciation (+€15,620)
- Tangible fixed assets -€14,505
down €14,505 (-48.7%), from €29,757 to €15,251
of which Furniture and vehicles: -€14,071
- Reserves +€17,829
new in 2025: €17,829
- Advances received -€10,000
no longer reported in 2025 (was €10,000)
- Other debts +€5,010
up €5,010 (+67.3%), from €7,440 to €12,450
- Profit (loss) carried forward +€3,102
no longer reported in 2025 (was -€3,102)
- Accrued charges and deferred income +€1,054
new in 2025: €1,054
- Gross operating margin +€20,345
up €20,345 (+75.8%), from €26,855 to €47,201
- Other operating charges -€8,035
down €8,035 (-88.1%), from €9,120 to €1,084
- Taxes +€6,917
up €6,917 (+274%), from €2,524 to €9,441
- Depreciation +€2,596
up €2,596 (+19.9%), from €13,025 to €15,620
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 | €36,311 | €53,247 | +€16,936 | +46.6% |
| Fixed assets | 21/28 | €29,757 | €15,251 | -€14,505 | -48.7% |
| Tangible fixed assets | 22/27 | €29,757 | €15,251 | -€14,505 | -48.7% |
| Land and buildings | 22 | €4,196 | €3,761 | -€434 | -10.3% |
| Furniture and vehicles | 24 | €25,561 | €11,490 | -€14,071 | -55.0% |
| Current assets | 29/58 | €6,554 | €37,996 | +€31,442 | +480% |
| Amounts receivable within one year | 40/41 | €3,976 | €20,675 | +€16,699 | +420% |
| Trade receivables | 40 | €3,952 | €19,582 | +€15,630 | +396% |
| Other amounts receivable | 41 | €24 | €1,093 | +€1,069 | +4,448% |
| Cash at bank and in hand | 54/58 | €1,944 | €16,633 | +€14,689 | +756% |
| Deferred charges and accrued income | 490/1 | €635 | €688 | +€54 | +8.5% |
| Total equity and liabilities | 10/49 | €36,311 | €53,247 | +€16,936 | +46.6% |
| Equity | 10/15 | €6,898 | €27,829 | +€20,930 | +303% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €17,829 | +€17,829 | |
| Distributable reserves | 133 | - | €17,829 | +€17,829 | |
| Profit (loss) carried forward | 14 | -€3,102 | - | +€3,102 | |
| Amounts payable | 17/49 | €29,412 | €25,418 | -€3,994 | -13.6% |
| Amounts payable within one year | 42/48 | €29,412 | €24,364 | -€5,048 | -17.2% |
| Trade debts | 44 | €22 | €210 | +€188 | +862% |
| Suppliers | 440/4 | €22 | €210 | +€188 | +862% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €11,950 | €11,704 | -€246 | -2.1% |
| Taxes | 450/3 | €11,950 | €11,704 | -€246 | -2.1% |
| Other amounts payable | 47/48 | €7,440 | €12,450 | +€5,010 | +67.3% |
| Accrued charges and deferred income | 492/3 | - | €1,054 | +€1,054 | |
| Non-recurring operating income | 76A | €120 | - | -€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,025 | €15,620 | +€2,596 | +19.9% |
| Other operating charges | 640/8 | €9,120 | €1,084 | -€8,035 | -88.1% |
| Gross operating margin | 9900 | €26,855 | €47,201 | +€20,345 | +75.8% |
| Operating profit (loss) | 9901 | €4,711 | €30,496 | +€25,785 | +547% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €333 | €125 | -€208 | -62.5% |
| Recurring financial charges | 65 | €333 | €125 | -€208 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €4,378 | €30,371 | +€25,993 | +594% |
| Income taxes | 67/77 | €2,524 | €9,441 | +€6,917 | +274% |
| Profit (loss) for the period | 9904 | €1,855 | €20,930 | +€19,075 | +1,028% |
| Profit (loss) for the period to be appropriated | 9905 | €1,855 | €20,930 | +€19,075 | +1,028% |
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 30 October 2026 via checked.be.