MALL'S IMMO: 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.
MALL'S IMMO
Largest movements
- Receivables within one year +€12,831
up €12,831 (+23.0%), from €55,888 to €68,719
of which Trade receivables: +€20,081
- Cash +€9,075
up €9,075 (+3.9%), from €233,566 to €242,641
mainly Net result for the year (+€41,360) and Depreciation (+€14,771)
- Reserves +€41,360
up €41,360 (+13.6%), from €304,713 to €346,073
of which Distributable reserves: +€41,360
- Tax, wage and social debts -€31,975
down €31,975 (-62.1%), from €51,503 to €19,528
- Trade debts +€11,842
up €11,842 (+46.7%), from €25,374 to €37,216
- Gross operating margin -€17,104
down €17,104 (-17.5%), from €97,726 to €80,622
- Depreciation +€9,411
up €9,411 (+175.6%), from €5,360 to €14,771
- Taxes -€9,385
down €9,385 (-30.7%), from €30,541 to €21,156
- Other operating charges +€1,534
up €1,534 (+106.6%), from €1,439 to €2,973
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 | €626,373 | €647,600 | +€21,227 | +3.4% |
| Fixed assets | 21/28 | €106,058 | €105,442 | -€616 | -0.6% |
| Tangible fixed assets | 22/27 | €106,058 | €105,442 | -€616 | -0.6% |
| Land and buildings | 22 | €44,415 | €44,415 | = | 0.0% |
| Furniture and vehicles | 24 | €61,643 | €61,027 | -€616 | -1.0% |
| Current assets | 29/58 | €520,314 | €542,157 | +€21,843 | +4.2% |
| Stocks and contracts in progress | 3 | €229,341 | €229,341 | = | 0.0% |
| Stocks | 30/36 | €229,341 | €229,341 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,888 | €68,719 | +€12,831 | +23.0% |
| Trade receivables | 40 | €35,450 | €55,532 | +€20,081 | +56.6% |
| Other amounts receivable | 41 | €20,438 | €13,187 | -€7,251 | -35.5% |
| Cash at bank and in hand | 54/58 | €233,566 | €242,641 | +€9,075 | +3.9% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,456 | -€63 | -4.2% |
| Total equity and liabilities | 10/49 | €626,373 | €647,600 | +€21,227 | +3.4% |
| Equity | 10/15 | €549,495 | €590,856 | +€41,360 | +7.5% |
| Contributions | 10/11 | €216,100 | €216,100 | = | 0.0% |
| Capital | 10 | €216,100 | €216,100 | = | 0.0% |
| Issued capital | 100 | €216,100 | €216,100 | = | 0.0% |
| Reserves | 13 | €304,713 | €346,073 | +€41,360 | +13.6% |
| Non-distributable reserves | 130/1 | €21,610 | €21,610 | = | 0.0% |
| Legal reserve | 130 | €21,610 | €21,610 | = | 0.0% |
| Distributable reserves | 133 | €283,103 | €324,463 | +€41,360 | +14.6% |
| Profit (loss) carried forward | 14 | €28,683 | €28,683 | = | 0.0% |
| Amounts payable | 17/49 | €76,877 | €56,744 | -€20,133 | -26.2% |
| Amounts payable within one year | 42/48 | €76,877 | €56,744 | -€20,133 | -26.2% |
| Trade debts | 44 | €25,374 | €37,216 | +€11,842 | +46.7% |
| Suppliers | 440/4 | €25,374 | €37,216 | +€11,842 | +46.7% |
| Taxes, remuneration and social security | 45 | €51,503 | €19,528 | -€31,975 | -62.1% |
| Taxes | 450/3 | €51,503 | €19,528 | -€31,975 | -62.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,360 | €14,771 | +€9,411 | +175.6% |
| Other operating charges | 640/8 | €1,439 | €2,973 | +€1,534 | +106.6% |
| Non-recurring operating charges | 66A | €4,224 | €0 | -€4,224 | -100.0% |
| Gross operating margin | 9900 | €97,726 | €80,622 | -€17,104 | -17.5% |
| Operating profit (loss) | 9901 | €86,702 | €62,877 | -€23,825 | -27.5% |
| Financial income | 75/76B | €715 | €149 | -€566 | -79.2% |
| Recurring financial income | 75 | €715 | €149 | -€566 | -79.2% |
| Financial charges | 65/66B | €70 | €510 | +€440 | +628.9% |
| Recurring financial charges | 65 | €70 | €510 | +€440 | +628.9% |
| Profit (loss) for the period before taxes | 9903 | €87,347 | €62,516 | -€24,831 | -28.4% |
| Income taxes | 67/77 | €30,541 | €21,156 | -€9,385 | -30.7% |
| Profit (loss) for the period | 9904 | €56,806 | €41,360 | -€15,446 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,806 | €41,360 | -€15,446 | -27.2% |
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 11 October 2026 via checked.be.