Malingard: what changed
Two fiscal 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.
Malingard
Largest movements
- Receivables within one year +€30,270
up €30,270 (+835.3%), from €3,624 to €33,893
of which Other amounts receivable: +€19,790
- Tangible fixed assets -€4,305
down €4,305 (-32.1%), from €13,394 to €9,089
- Cash +€2,961
up €2,961 (+11.1%), from €26,707 to €29,667
mainly Net result for the year (+€28,518) and Depreciation (+€4,305)
- Profit (loss) carried forward +€28,518
up €28,518 (+162.2%), from €17,584 to €46,102
- Debts after one year -€4,607
down €4,607 (-51.2%), from €9,005 to €4,398
- Tax, wage and social debts +€4,077
up €4,077 (+40.0%), from €10,179 to €14,256
- Trade debts +€767
up €767 (+225.7%), from €340 to €1,107
- Gross operating margin +€14,730
up €14,730 (+53.3%), from €27,656 to €42,387
- Taxes +€4,338
up €4,338 (+98.6%), from €4,401 to €8,739
- Other operating charges -€1,189
down €1,189 (-81.2%), from €1,465 to €275
- Depreciation +€718
up €718 (+20.0%), from €3,588 to €4,305
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.
Cash bridge derived
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 | €44,525 | €73,470 | +€28,945 | +65.0% |
| Fixed assets | 21/28 | €13,395 | €9,089 | -€4,306 | -32.1% |
| Tangible fixed assets | 22/27 | €13,394 | €9,089 | -€4,305 | -32.1% |
| Furniture and vehicles | 24 | €13,394 | €9,089 | -€4,305 | -32.1% |
| Financial fixed assets | 28 | €1 | - | -€1 | |
| Current assets | 29/58 | €31,130 | €64,381 | +€33,251 | +106.8% |
| Amounts receivable within one year | 40/41 | €3,624 | €33,893 | +€30,270 | +835.3% |
| Trade receivables | 40 | €410 | €10,890 | +€10,480 | +2556.4% |
| Other amounts receivable | 41 | €3,214 | €23,003 | +€19,790 | +615.8% |
| Cash at bank and in hand | 54/58 | €26,707 | €29,667 | +€2,961 | +11.1% |
| Deferred charges and accrued income | 490/1 | €800 | €820 | +€20 | +2.6% |
| Total equity and liabilities | 10/49 | €44,525 | €73,470 | +€28,945 | +65.0% |
| Equity | 10/15 | €20,584 | €49,102 | +€28,518 | +138.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,584 | €46,102 | +€28,518 | +162.2% |
| Amounts payable | 17/49 | €23,941 | €24,368 | +€427 | +1.8% |
| Amounts payable after more than one year | 17 | €9,005 | €4,398 | -€4,607 | -51.2% |
| Financial debts | 170/4 | €9,005 | €4,398 | -€4,607 | -51.2% |
| Amounts payable within one year | 42/48 | €14,935 | €19,970 | +€5,035 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €4,416 | €4,607 | +€191 | +4.3% |
| Trade debts | 44 | €340 | €1,107 | +€767 | +225.7% |
| Suppliers | 440/4 | €340 | €1,107 | +€767 | +225.7% |
| Taxes, remuneration and social security | 45 | €10,179 | €14,256 | +€4,077 | +40.0% |
| Taxes | 450/3 | €10,179 | €14,256 | +€4,077 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,588 | €4,305 | +€718 | +20.0% |
| Other operating charges | 640/8 | €1,465 | €275 | -€1,189 | -81.2% |
| Gross operating margin | 9900 | €27,656 | €42,387 | +€14,730 | +53.3% |
| Operating profit (loss) | 9901 | €22,604 | €37,806 | +€15,202 | +67.3% |
| Financial income | 75/76B | €7 | €96 | +€89 | +1345.2% |
| Recurring financial income | 75 | €7 | €96 | +€89 | +1345.2% |
| Financial charges | 65/66B | €626 | €646 | +€20 | +3.3% |
| Recurring financial charges | 65 | €626 | €646 | +€20 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €21,985 | €37,256 | +€15,271 | +69.5% |
| Income taxes | 67/77 | €4,401 | €8,739 | +€4,338 | +98.6% |
| Profit (loss) for the period | 9904 | €17,584 | €28,518 | +€10,933 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,584 | €28,518 | +€10,933 | +62.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.