MALHOTRA SINGH: 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.
MALHOTRA SINGH
Largest movements
- Cash +€64,078
up €64,078 (+371%), from €17,295 to €81,373
mainly Tax, wage and social debts (+€44,963) and Net result for the year (+€13,700)
- Stocks and contracts -€3,859
down €3,859 (-93.5%), from €4,127 to €268
- Tax, wage and social debts +€44,963
up €44,963 (+818%), from €5,497 to €50,460
of which Remuneration and social security: +€34,000
- Profit (loss) carried forward +€13,700
up €13,700 (+155%), from €8,858 to €22,558
- Other debts +€1,493
new in 2025: €1,493
- Turnover +€22,983
up €22,983 (+8.0%), from €287,853 to €310,836
- Purchases and services +€17,941
up €17,941 (+6.5%), from €276,311 to €294,252
- Gross operating margin +€7,141
up €7,141 (+49.3%), from €14,496 to €21,636
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 | €26,033 | €86,432 | +€60,398 | +232% |
| Fixed assets | 21/28 | €3,630 | €3,630 | = | 0.0% |
| Financial fixed assets | 28 | €3,630 | €3,630 | = | 0.0% |
| Current assets | 29/58 | €22,403 | €82,802 | +€60,398 | +270% |
| Stocks and contracts in progress | 3 | €4,127 | €268 | -€3,859 | -93.5% |
| Stocks | 30/36 | €4,127 | €268 | -€3,859 | -93.5% |
| Amounts receivable within one year | 40/41 | €982 | €1,161 | +€179 | +18.3% |
| Trade receivables | 40 | €982 | €1,161 | +€179 | +18.3% |
| Cash at bank and in hand | 54/58 | €17,295 | €81,373 | +€64,078 | +371% |
| Total equity and liabilities | 10/49 | €26,033 | €86,432 | +€60,398 | +232% |
| Equity | 10/15 | €13,858 | €27,558 | +€13,700 | +98.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,858 | €22,558 | +€13,700 | +155% |
| Amounts payable | 17/49 | €12,175 | €58,874 | +€46,698 | +384% |
| Amounts payable within one year | 42/48 | €12,175 | €58,874 | +€46,698 | +384% |
| Trade debts | 44 | €6,678 | €6,921 | +€243 | +3.6% |
| Suppliers | 440/4 | €6,678 | €6,921 | +€243 | +3.6% |
| Taxes, remuneration and social security | 45 | €5,497 | €50,460 | +€44,963 | +818% |
| Taxes | 450/3 | €5,497 | €16,460 | +€10,963 | +199% |
| Remuneration and social security | 454/9 | - | €34,000 | +€34,000 | |
| Other amounts payable | 47/48 | - | €1,493 | +€1,493 | |
| Turnover | 70 | €287,853 | €310,836 | +€22,983 | +8.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €276,311 | €294,252 | +€17,941 | +6.5% |
| Other operating charges | 640/8 | €1,625 | €1,727 | +€102 | +6.3% |
| Gross operating margin | 9900 | €14,496 | €21,636 | +€7,141 | +49.3% |
| Operating profit (loss) | 9901 | €12,871 | €19,909 | +€7,039 | +54.7% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,318 | €2,278 | +€960 | +72.8% |
| Recurring financial charges | 65 | €1,318 | €2,278 | +€960 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €11,558 | €17,632 | +€6,074 | +52.5% |
| Income taxes | 67/77 | €2,700 | €3,932 | +€1,232 | +45.6% |
| Profit (loss) for the period | 9904 | €8,858 | €13,700 | +€4,842 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,858 | €13,700 | +€4,842 | +54.7% |
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.