MALMAR GROUP: 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.
What changed
MALMAR GROUP
NACE 25.530, Machining of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €15,332+€2.1m
Equity
€3.5m
2024 · €1.8m+€1.7m
Cash
€5,622
2024 · €1,000+€4,622
Balance sheet total
€5.3m
2024 · €7.1m-€1.9m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-31.4%), from €4.8m to €3.3m
of which Trade receivables: -€1.1m
- Intangible fixed assets -€496,856
down €496,856 (-64.3%), from €772,256 to €275,400
- Stocks and contracts +€118,090
up €118,090 (+493.8%), from €23,916 to €142,006
Equity and liabilities
- Trade debts -€4.0m
down €4.0m (-75.5%), from €5.3m to €1.3m
- Reserves +€1.7m
up €1.7m (+117.5%), from €1.5m to €3.2m
of which Distributable reserves: +€1.8m
- Other debts +€400,500
up €400,500 (+1109.6%), from €36,095 to €436,595
Income statement
- Financial income +€2.8m
up €2.8m (+23123.1%), from €12,305 to €2.9m
- Turnover -€2.6m
down €2.6m (-8.1%), from €31.4m to €28.9m
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.
Result 2024
€15,332
Turnover
-€2.6m
Other operating income
+€9,547
Goods and materials
+€260,023
Services and other goods
-€98,001
Staff costs
+€20,457
Depreciation
+€64,896
Other operating charges
-€9,528
Other operating items
+€1.5m
Financial income
+€2.8m
Financial charges
+€6,664
Taxes
+€13,052
Result 2025
€2.1m
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.
From operations
+€432,331
Investment
-€13,447
Financing
-€414,262
Cash 2024
€1,000
From operations (derived)
+€432,331
Net result for the year
+€2.1m
Depreciation
+€533,248
Stocks and contracts
-€118,090
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€50,987
Trade debts
-€4.0m
Tax, wage and social debts
+€18,434
Other debts
+€400,500
Investment (derived)
-€13,447
Investment in fixed assets (net)
-€13,447
Financing
-€414,262
Debts after one year
-€12,366
Current portion of long-term debt
-€1,896
Contributions, distributions and other
-€400,000
Cash 2025
€5,622
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,122,469 | €5,265,309 | -€1.9m | -26.1% |
| Fixed assets | 21/28 | €2,253,841 | €1,734,040 | -€519,801 | -23.1% |
| Intangible fixed assets | 21 | €772,256 | €275,400 | -€496,856 | -64.3% |
| Tangible fixed assets | 22/27 | €72,929 | €49,787 | -€23,142 | -31.7% |
| Plant, machinery and equipment | 23 | €18,459 | €14,115 | -€4,345 | -23.5% |
| Furniture and vehicles | 24 | €54,470 | €35,672 | -€18,798 | -34.5% |
| Financial fixed assets | 28 | €1,408,657 | €1,408,853 | +€197 | 0.0% |
| Affiliated companies | 280/1 | €1,408,657 | €1,408,853 | +€197 | 0.0% |
| Participating interests | 280 | €1,408,657 | €1,408,853 | +€197 | 0.0% |
| Current assets | 29/58 | €4,868,627 | €3,531,268 | -€1.3m | -27.5% |
| Stocks and contracts in progress | 3 | €23,916 | €142,006 | +€118,090 | +493.8% |
| Stocks | 30/36 | €23,916 | €142,006 | +€118,090 | +493.8% |
| Work in progress | 32 | €0 | - | = | |
| Finished goods | 33 | €23,916 | €142,006 | +€118,090 | +493.8% |
| Amounts receivable within one year | 40/41 | €4,808,314 | €3,297,257 | -€1.5m | -31.4% |
| Trade receivables | 40 | €2,913,428 | €1,859,916 | -€1.1m | -36.2% |
| Other amounts receivable | 41 | €1,894,887 | €1,437,341 | -€457,546 | -24.1% |
| Cash at bank and in hand | 54/58 | €1,000 | €5,622 | +€4,622 | +462.0% |
| Deferred charges and accrued income | 490/1 | €35,396 | €86,383 | +€50,987 | +144.0% |
| Total equity and liabilities | 10/49 | €7,122,469 | €5,265,309 | -€1.9m | -26.1% |
| Equity | 10/15 | €1,761,562 | €3,470,742 | +€1.7m | +97.0% |
| Contributions | 10/11 | €306,726 | €306,726 | = | 0.0% |
| Reserves | 13 | €1,454,836 | €3,164,016 | +€1.7m | +117.5% |
| Non-distributable reserves | 130/1 | €30,673 | €0 | -€30,673 | -100.0% |
| Reserves not available under the articles | 1311 | €30,673 | €0 | -€30,673 | -100.0% |
| Tax-exempt reserves | 132 | €251,358 | €239,183 | -€12,175 | -4.8% |
| Distributable reserves | 133 | €1,172,805 | €2,924,833 | +€1.8m | +149.4% |
| Amounts payable | 17/49 | €5,360,906 | €1,794,566 | -€3.6m | -66.5% |
| Amounts payable after more than one year | 17 | €30,835 | €18,469 | -€12,366 | -40.1% |
| Financial debts | 170/4 | €30,835 | €18,469 | -€12,366 | -40.1% |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Credit institutions | 173 | €30,835 | €18,469 | -€12,366 | -40.1% |
| Amounts payable within one year | 42/48 | €5,330,071 | €1,776,098 | -€3.6m | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €14,262 | €12,366 | -€1,896 | -13.3% |
| Trade debts | 44 | €5,257,090 | €1,286,078 | -€4.0m | -75.5% |
| Suppliers | 440/4 | €5,257,090 | €1,286,078 | -€4.0m | -75.5% |
| Taxes, remuneration and social security | 45 | €22,624 | €41,059 | +€18,434 | +81.5% |
| Taxes | 450/3 | €22,624 | €41,059 | +€18,434 | +81.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,095 | €436,595 | +€400,500 | +1109.6% |
| Operating income | 70/76A | €29,995,853 | €28,986,829 | -€1.0m | -3.4% |
| Turnover | 70 | €31,409,895 | €28,859,069 | -€2.6m | -8.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,414,165 | €118,090 | +€1.5m | |
| Other operating income | 74 | €122 | €9,669 | +€9,547 | +7811.2% |
| Operating charges | 60/66A | €29,738,038 | €29,500,192 | -€237,846 | -0.8% |
| Goods for resale, raw materials and consumables | 60 | €26,964,306 | €26,704,283 | -€260,023 | -1.0% |
| Purchases | 600/8 | €26,964,306 | €26,704,283 | -€260,023 | -1.0% |
| Services and other goods | 61 | €2,152,614 | €2,250,615 | +€98,001 | +4.6% |
| Remuneration, social security and pensions | 62 | €20,457 | €0 | -€20,457 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598,144 | €533,248 | -€64,896 | -10.8% |
| Other operating charges | 640/8 | €2,517 | €12,046 | +€9,528 | +378.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €257,815 | -€513,363 | -€771,177 | |
| Financial income | 75/76B | €12,305 | €2,857,615 | +€2.8m | +23123.1% |
| Recurring financial income | 75 | €12,305 | €2,857,615 | +€2.8m | +23123.1% |
| Income from financial fixed assets | 750 | - | €2,850,000 | +€2.9m | |
| Income from current assets | 751 | €7,615 | €7,615 | = | 0.0% |
| Other financial income | 752/9 | €4,691 | €0 | -€4,691 | -100.0% |
| Financial charges | 65/66B | €241,736 | €235,072 | -€6,664 | -2.8% |
| Recurring financial charges | 65 | €241,736 | €235,072 | -€6,664 | -2.8% |
| Debt charges | 650 | €210,825 | €203,215 | -€7,611 | -3.6% |
| Other financial charges | 652/9 | €30,911 | €31,857 | +€946 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €28,384 | €2,109,180 | +€2.1m | +7330.9% |
| Income taxes | 67/77 | €13,052 | €0 | -€13,052 | -100.0% |
| Taxes | 670/3 | €13,052 | €0 | -€13,052 | -100.0% |
| Profit (loss) for the period | 9904 | €15,332 | €2,109,180 | +€2.1m | +13656.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,332 | €2,109,180 | +€2.1m | +13656.7% |
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 5 October 2026 via checked.be.