Malmar Handel: 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.
Malmar Handel
Largest movements
- Stocks and contracts +€2.5m
up €2.5m (+132.9%), from €1.9m to €4.3m
- Receivables within one year -€1.3m
down €1.3m (-66.9%), from €2.0m to €657,725
of which Other amounts receivable: -€1.1m
- Cash +€198,542
up €198,542 (+222.4%), from €89,273 to €287,815
mainly Short-term financial debts (+€1.9m) and Receivables within one year (+€1.3m)
- Tangible fixed assets +€97,071
up €97,071 (+64.1%), from €151,512 to €248,583
of which Furniture and vehicles: +€109,902
- Short-term financial debts +€1.9m
up €1.9m (+150.8%), from €1.3m to €3.2m
- Trade debts -€870,797
down €870,797 (-55.7%), from €1.6m to €693,830
- Other debts +€396,615
up €396,615 (+194.7%), from €203,663 to €600,279
- Profit (loss) carried forward +€225,029
up €225,029, from €0 to €225,029
- Current portion of long-term debt -€165,339
down €165,339 (-64.2%), from €257,462 to €92,123
- Write-downs -€189,983
down €189,983, from €138,153 to -€51,830
- Financial charges +€147,721
up €147,721 (+59.6%), from €247,942 to €395,663
- Staff costs +€87,632
up €87,632 (+14.6%), from €598,880 to €686,511
- Financial income -€30,590
down €30,590 (-18.0%), from €170,385 to €139,795
- Depreciation +€24,996
up €24,996 (+56.5%), from €44,225 to €69,221
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 | €4,137,227 | €5,630,450 | +€1.5m | +36.1% |
| Fixed assets | 21/28 | €169,764 | €302,081 | +€132,317 | +77.9% |
| Intangible fixed assets | 21 | €14,802 | €27,292 | +€12,489 | +84.4% |
| Tangible fixed assets | 22/27 | €151,512 | €248,583 | +€97,071 | +64.1% |
| Plant, machinery and equipment | 23 | €87,859 | €78,335 | -€9,524 | -10.8% |
| Furniture and vehicles | 24 | €35,851 | €145,752 | +€109,902 | +306.6% |
| Other tangible fixed assets | 26 | €27,802 | €24,496 | -€3,306 | -11.9% |
| Financial fixed assets | 28 | €3,450 | €26,206 | +€22,756 | +659.6% |
| Current assets | 29/58 | €3,967,463 | €5,328,370 | +€1.4m | +34.3% |
| Stocks and contracts in progress | 3 | €1,864,394 | €4,341,828 | +€2.5m | +132.9% |
| Stocks | 30/36 | €1,864,394 | €4,341,828 | +€2.5m | +132.9% |
| Amounts receivable within one year | 40/41 | €1,985,349 | €657,725 | -€1.3m | -66.9% |
| Trade receivables | 40 | €921,810 | €652,725 | -€269,085 | -29.2% |
| Other amounts receivable | 41 | €1,063,540 | €5,000 | -€1.1m | -99.5% |
| Cash at bank and in hand | 54/58 | €89,273 | €287,815 | +€198,542 | +222.4% |
| Deferred charges and accrued income | 490/1 | €28,447 | €41,002 | +€12,555 | +44.1% |
| Total equity and liabilities | 10/49 | €4,137,227 | €5,630,450 | +€1.5m | +36.1% |
| Equity | 10/15 | €463,155 | €688,185 | +€225,029 | +48.6% |
| Contributions | 10/11 | €67,006 | €67,006 | = | 0.0% |
| Reserves | 13 | €396,150 | €396,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,802 | €1,802 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,802 | €1,802 | = | 0.0% |
| Distributable reserves | 133 | €394,347 | €394,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €225,029 | +€225,029 | |
| Amounts payable | 17/49 | €3,674,072 | €4,942,266 | +€1.3m | +34.5% |
| Amounts payable after more than one year | 17 | €0 | €105,921 | +€105,921 | |
| Financial debts | 170/4 | €0 | €103,921 | +€103,921 | |
| Other amounts payable | 178/9 | - | €2,000 | +€2,000 | |
| Amounts payable within one year | 42/48 | €3,632,822 | €4,823,405 | +€1.2m | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €257,462 | €92,123 | -€165,339 | -64.2% |
| Financial debts | 43 | €1,287,395 | €3,228,172 | +€1.9m | +150.8% |
| Credit institutions | 430/8 | €1,287,395 | €3,228,172 | +€1.9m | +150.8% |
| Trade debts | 44 | €1,564,627 | €693,830 | -€870,797 | -55.7% |
| Suppliers | 440/4 | €1,564,627 | €693,830 | -€870,797 | -55.7% |
| Advances received on contracts in progress | 46 | €154,315 | €0 | -€154,315 | -100.0% |
| Taxes, remuneration and social security | 45 | €165,360 | €209,001 | +€43,641 | +26.4% |
| Taxes | 450/3 | €77,940 | €118,530 | +€40,591 | +52.1% |
| Remuneration and social security | 454/9 | €87,421 | €90,471 | +€3,050 | +3.5% |
| Other amounts payable | 47/48 | €203,663 | €600,279 | +€396,615 | +194.7% |
| Accrued charges and deferred income | 492/3 | €41,250 | €12,939 | -€28,311 | -68.6% |
| Non-recurring operating income | 76A | - | €23,922 | +€23,922 | |
| Remuneration, social security and pensions | 62 | €598,880 | €686,511 | +€87,632 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,225 | €69,221 | +€24,996 | +56.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €138,153 | -€51,830 | -€189,983 | |
| Other operating charges | 640/8 | €3,162 | €8,427 | +€5,265 | +166.5% |
| Gross operating margin | 9900 | €1,259,070 | €1,283,402 | +€24,333 | +1.9% |
| Operating profit (loss) | 9901 | €474,651 | €571,073 | +€96,423 | +20.3% |
| Financial income | 75/76B | €170,385 | €139,795 | -€30,590 | -18.0% |
| Recurring financial income | 75 | €170,385 | €139,795 | -€30,590 | -18.0% |
| Financial charges | 65/66B | €247,942 | €395,663 | +€147,721 | +59.6% |
| Recurring financial charges | 65 | €247,942 | €395,663 | +€147,721 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €397,094 | €315,206 | -€81,888 | -20.6% |
| Income taxes | 67/77 | €93,430 | €90,176 | -€3,254 | -3.5% |
| Profit (loss) for the period | 9904 | €303,663 | €225,029 | -€78,634 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €303,663 | €225,029 | -€78,634 | -25.9% |
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 9 October 2026 via checked.be.