MALI & FRERES: 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.
MALI & FRERES
Largest movements
- Receivables within one year +€33,187
up €33,187 (+92.6%), from €35,827 to €69,014
of which Trade receivables: +€34,751
- Tangible fixed assets +€25,825
up €25,825 (+74.6%), from €34,621 to €60,445
- Cash -€11,565
down €11,565 (-87.3%), from €13,248 to €1,684
- Deferred charges and accrued income +€2,044
up €2,044 (+545%), from €375 to €2,419
- Financial fixed assets -€1,575
no longer reported in 2024 (was €1,575)
- Current portion of long-term debt +€15,287
up €15,287 (+150%), from €10,162 to €25,449
- Debts after one year +€12,501
up €12,501 (+29.6%), from €42,196 to €54,697
- Profit (loss) carried forward +€10,979
up €10,979 (+42.9%), from €25,602 to €36,581
- Tax, wage and social debts +€7,018
up €7,018 (+514%), from €1,364 to €8,382
of which Taxes: +€4,953
- Trade debts +€2,131
up €2,131 (+45.2%), from €4,716 to €6,848
- Purchases and services -€26,624
down €26,624 (-16.1%), from €165,665 to €139,041
- Gross operating margin +€24,552
up €24,552 (+32.7%), from €75,097 to €99,649
- Staff costs +€22,477
up €22,477 (+60.5%), from €37,149 to €59,626
- Depreciation +€6,831
up €6,831 (+32.0%), from €21,344 to €28,175
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,101 | €140,017 | +€47,916 | +52.0% |
| Fixed assets | 21/28 | €36,196 | €60,445 | +€24,250 | +67.0% |
| Tangible fixed assets | 22/27 | €34,621 | €60,445 | +€25,825 | +74.6% |
| Furniture and vehicles | 24 | €34,621 | €60,445 | +€25,825 | +74.6% |
| Financial fixed assets | 28 | €1,575 | - | -€1,575 | |
| Current assets | 29/58 | €55,905 | €79,572 | +€23,666 | +42.3% |
| Amounts receivable after more than one year | 29 | €3,400 | €3,400 | = | 0.0% |
| Other amounts receivable | 291 | €3,400 | €3,400 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,055 | €3,055 | = | 0.0% |
| Stocks | 30/36 | €3,055 | €3,055 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,827 | €69,014 | +€33,187 | +92.6% |
| Trade receivables | 40 | €16,256 | €51,007 | +€34,751 | +214% |
| Other amounts receivable | 41 | €19,571 | €18,007 | -€1,564 | -8.0% |
| Cash at bank and in hand | 54/58 | €13,248 | €1,684 | -€11,565 | -87.3% |
| Deferred charges and accrued income | 490/1 | €375 | €2,419 | +€2,044 | +545% |
| Total equity and liabilities | 10/49 | €92,101 | €140,017 | +€47,916 | +52.0% |
| Equity | 10/15 | €33,662 | €44,641 | +€10,979 | +32.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,602 | €36,581 | +€10,979 | +42.9% |
| Amounts payable | 17/49 | €58,439 | €95,376 | +€36,937 | +63.2% |
| Amounts payable after more than one year | 17 | €42,196 | €54,697 | +€12,501 | +29.6% |
| Financial debts | 170/4 | €42,196 | €54,697 | +€12,501 | +29.6% |
| Amounts payable within one year | 42/48 | €16,243 | €40,679 | +€24,436 | +150% |
| Current portion of amounts payable after more than one year | 42 | €10,162 | €25,449 | +€15,287 | +150% |
| Trade debts | 44 | €4,716 | €6,848 | +€2,131 | +45.2% |
| Suppliers | 440/4 | €4,716 | €6,848 | +€2,131 | +45.2% |
| Taxes, remuneration and social security | 45 | €1,364 | €8,382 | +€7,018 | +514% |
| Taxes | 450/3 | €1,364 | €6,317 | +€4,953 | +363% |
| Remuneration and social security | 454/9 | - | €2,065 | +€2,065 | |
| Turnover | 70 | €240,761 | €238,690 | -€2,071 | -0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €165,665 | €139,041 | -€26,624 | -16.1% |
| Remuneration, social security and pensions | 62 | €37,149 | €59,626 | +€22,477 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,344 | €28,175 | +€6,831 | +32.0% |
| Other operating charges | 640/8 | €5,142 | €5,867 | +€726 | +14.1% |
| Gross operating margin | 9900 | €75,097 | €99,649 | +€24,552 | +32.7% |
| Operating profit (loss) | 9901 | €11,462 | €5,980 | -€5,482 | -47.8% |
| Financial income | 75/76B | - | €1,000 | +€1,000 | |
| Recurring financial income | 75 | - | €1,000 | +€1,000 | |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €2,101 | €1,364 | -€737 | -35.1% |
| Recurring financial charges | 65 | €2,101 | €1,364 | -€737 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €9,361 | €5,616 | -€3,745 | -40.0% |
| Profit (loss) for the period | 9904 | €9,361 | €5,616 | -€3,745 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,361 | €5,616 | -€3,745 | -40.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.