MALLENTJER: 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.
MALLENTJER
Largest movements
- Cash -€295,420
down €295,420 (-29.1%), from €1.0m to €720,070
mainly Other debts (-€200,000) and Net result for the year (-€172,654)
- Receivables within one year -€206,809
down €206,809 (-29.9%), from €692,429 to €485,619
of which Trade receivables: -€176,886
- Stocks and contracts +€137,069
up €137,069 (+20.5%), from €668,798 to €805,867
- Tangible fixed assets -€87,493
down €87,493 (-10.0%), from €875,210 to €787,717
of which Land and buildings: -€55,179
- Other debts -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Reserves -€172,654
down €172,654 (-7.2%), from €2.4m to €2.2m
of which Distributable reserves: -€172,654
- Trade debts -€43,246
down €43,246 (-26.5%), from €163,294 to €120,048
- Gross operating margin -€257,013
down €257,013 (-34.3%), from €748,397 to €491,384
- Staff costs +€108,604
up €108,604 (+26.4%), from €412,064 to €520,668
- Financial charges -€13,350
down €13,350 (-27.1%), from €49,224 to €35,874
- Financial income -€9,156
down €9,156 (-55.6%), from €16,460 to €7,304
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 | €3,514,141 | €3,056,509 | -€457,632 | -13.0% |
| Fixed assets | 21/28 | €875,480 | €787,987 | -€87,493 | -10.0% |
| Tangible fixed assets | 22/27 | €875,210 | €787,717 | -€87,493 | -10.0% |
| Land and buildings | 22 | €783,876 | €728,697 | -€55,179 | -7.0% |
| Plant, machinery and equipment | 23 | €3,000 | €2,250 | -€750 | -25.0% |
| Furniture and vehicles | 24 | €88,334 | €56,770 | -€31,564 | -35.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €2,638,661 | €2,268,522 | -€370,139 | -14.0% |
| Stocks and contracts in progress | 3 | €668,798 | €805,867 | +€137,069 | +20.5% |
| Stocks | 30/36 | €668,798 | €805,867 | +€137,069 | +20.5% |
| Amounts receivable within one year | 40/41 | €692,429 | €485,619 | -€206,809 | -29.9% |
| Trade receivables | 40 | €662,133 | €485,247 | -€176,886 | -26.7% |
| Other amounts receivable | 41 | €30,295 | €372 | -€29,923 | -98.8% |
| Current investments | 50/53 | €247,499 | €247,499 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,015,490 | €720,070 | -€295,420 | -29.1% |
| Deferred charges and accrued income | 490/1 | €14,445 | €9,466 | -€4,979 | -34.5% |
| Total equity and liabilities | 10/49 | €3,514,141 | €3,056,509 | -€457,632 | -13.0% |
| Equity | 10/15 | €2,584,930 | €2,412,275 | -€172,654 | -6.7% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €2,386,615 | €2,213,961 | -€172,654 | -7.2% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €2,366,783 | €2,194,129 | -€172,654 | -7.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €929,211 | €644,233 | -€284,978 | -30.7% |
| Amounts payable after more than one year | 17 | €484,317 | €467,240 | -€17,077 | -3.5% |
| Financial debts | 170/4 | €484,317 | €467,240 | -€17,077 | -3.5% |
| Amounts payable within one year | 42/48 | €428,294 | €159,815 | -€268,479 | -62.7% |
| Trade debts | 44 | €163,294 | €120,048 | -€43,246 | -26.5% |
| Suppliers | 440/4 | €163,294 | €120,048 | -€43,246 | -26.5% |
| Taxes, remuneration and social security | 45 | €65,000 | €39,767 | -€25,233 | -38.8% |
| Taxes | 450/3 | €47,149 | €21,072 | -€26,077 | -55.3% |
| Remuneration and social security | 454/9 | €17,851 | €18,695 | +€844 | +4.7% |
| Other amounts payable | 47/48 | €200,000 | €0 | -€200,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €16,600 | €17,178 | +€578 | +3.5% |
| Non-recurring operating income | 76A | €22,448 | €0 | -€22,448 | -100.0% |
| Remuneration, social security and pensions | 62 | €412,064 | €520,668 | +€108,604 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,046 | €92,622 | +€5,576 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,551 | +€1,551 | |
| Other operating charges | 640/8 | €17,449 | €19,668 | +€2,220 | +12.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €748,397 | €491,384 | -€257,013 | -34.3% |
| Operating profit (loss) | 9901 | €231,839 | -€143,126 | -€374,965 | |
| Financial income | 75/76B | €16,460 | €7,304 | -€9,156 | -55.6% |
| Recurring financial income | 75 | €16,460 | €7,304 | -€9,156 | -55.6% |
| Financial charges | 65/66B | €49,224 | €35,874 | -€13,350 | -27.1% |
| Recurring financial charges | 65 | €49,224 | €35,874 | -€13,350 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €199,074 | -€171,696 | -€370,770 | |
| Income taxes | 67/77 | €3,778 | €958 | -€2,820 | -74.6% |
| Profit (loss) for the period | 9904 | €195,296 | -€172,654 | -€367,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €195,296 | -€172,654 | -€367,950 |
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 3 October 2026 via checked.be.