MALL CONSTRUCTION: 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.
MALL CONSTRUCTION
Largest movements
- Cash +€34,779
up €34,779 (+305.9%), from €11,368 to €46,147
mainly Net result for the year (+€22,681) and Receivables within one year (+€18,075)
- Receivables within one year -€18,075
down €18,075 (-59.2%), from €30,545 to €12,471
of which Trade receivables: -€18,402
- Tangible fixed assets -€7,898
down €7,898 (-81.0%), from €9,750 to €1,851
of which Furniture and vehicles: -€7,898
- Reserves +€22,681
up €22,681 (+65.9%), from €34,400 to €57,081
of which Distributable reserves: +€22,681
- Other debts -€22,285
down €22,285 (-80.2%), from €27,773 to €5,487
- Trade debts +€10,175
up €10,175 (+1001.3%), from €1,016 to €11,192
- Debts after one year -€5,143
down €5,143 (-85.7%), from €6,001 to €857
- Tax, wage and social debts +€4,764
up €4,764 (+56.9%), from €8,377 to €13,141
of which Taxes: +€7,344
- Gross operating margin +€25,359
up €25,359 (+107.5%), from €23,584 to €48,943
- Taxes +€10,548
up €10,548 (+813.3%), from €1,297 to €11,844
- Other operating charges -€6,909
down €6,909 (-86.4%), from €8,001 to €1,092
- Financial charges +€4,381
up €4,381 (+418.7%), from €1,046 to €5,427
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 | €84,310 | €93,002 | +€8,692 | +10.3% |
| Fixed assets | 21/28 | €42,149 | €34,250 | -€7,898 | -18.7% |
| Tangible fixed assets | 22/27 | €9,750 | €1,851 | -€7,898 | -81.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €9,750 | €1,851 | -€7,898 | -81.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €32,399 | €32,399 | = | 0.0% |
| Current assets | 29/58 | €42,162 | €58,752 | +€16,590 | +39.3% |
| Amounts receivable within one year | 40/41 | €30,545 | €12,471 | -€18,075 | -59.2% |
| Trade receivables | 40 | €28,521 | €10,119 | -€18,402 | -64.5% |
| Other amounts receivable | 41 | €2,024 | €2,352 | +€328 | +16.2% |
| Cash at bank and in hand | 54/58 | €11,368 | €46,147 | +€34,779 | +305.9% |
| Deferred charges and accrued income | 490/1 | €248 | €134 | -€115 | -46.2% |
| Total equity and liabilities | 10/49 | €84,310 | €93,002 | +€8,692 | +10.3% |
| Equity | 10/15 | €34,500 | €57,181 | +€22,681 | +65.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €34,400 | €57,081 | +€22,681 | +65.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,400 | €57,081 | +€22,681 | +65.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €49,810 | €35,821 | -€13,989 | -28.1% |
| Amounts payable after more than one year | 17 | €6,001 | €857 | -€5,143 | -85.7% |
| Financial debts | 170/4 | €6,001 | €857 | -€5,143 | -85.7% |
| Amounts payable within one year | 42/48 | €42,309 | €34,964 | -€7,346 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €5,143 | €5,143 | = | 0.0% |
| Trade debts | 44 | €1,016 | €11,192 | +€10,175 | +1001.3% |
| Suppliers | 440/4 | €1,016 | €11,192 | +€10,175 | +1001.3% |
| Taxes, remuneration and social security | 45 | €8,377 | €13,141 | +€4,764 | +56.9% |
| Taxes | 450/3 | €5,797 | €13,141 | +€7,344 | +126.7% |
| Remuneration and social security | 454/9 | €2,580 | €0 | -€2,580 | -100.0% |
| Other amounts payable | 47/48 | €27,773 | €5,487 | -€22,285 | -80.2% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100.0% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,111 | €7,898 | -€213 | -2.6% |
| Other operating charges | 640/8 | €8,001 | €1,092 | -€6,909 | -86.4% |
| Gross operating margin | 9900 | €23,584 | €48,943 | +€25,359 | +107.5% |
| Operating profit (loss) | 9901 | €7,473 | €39,952 | +€32,480 | +434.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,046 | €5,427 | +€4,381 | +418.7% |
| Recurring financial charges | 65 | €1,046 | €5,427 | +€4,381 | +418.7% |
| Profit (loss) for the period before taxes | 9903 | €6,426 | €34,525 | +€28,099 | +437.2% |
| Income taxes | 67/77 | €1,297 | €11,844 | +€10,548 | +813.3% |
| Profit (loss) for the period | 9904 | €5,129 | €22,681 | +€17,551 | +342.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,129 | €22,681 | +€17,551 | +342.2% |
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 6 October 2026 via checked.be.