MALPERTUIS: 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.
MALPERTUIS
Largest movements
- Receivables within one year -€34,477
down €34,477 (-78.2%), from €44,073 to €9,596
of which Trade receivables: -€32,939
- Stocks and contracts -€30,657
down €30,657 (-28.0%), from €109,494 to €78,838
- Intangible fixed assets -€8,257
down €8,257 (-48.9%), from €16,895 to €8,638
- Financial fixed assets -€6,850
down €6,850 (-100.0%), from €6,850 to €0
- Tangible fixed assets -€4,911
down €4,911 (-96.2%), from €5,103 to €192
of which Leasing and similar rights: -€4,467
- Other debts +€360,457
up €360,457 (+1584.5%), from €22,749 to €383,206
- Debts after one year -€344,862
down €344,862 (-100.0%), from €344,862 to €0
of which Other amounts payable: -€250,000
- Trade debts -€53,313
down €53,313 (-80.3%), from €66,401 to €13,087
- Profit (loss) carried forward -€36,280
down €36,280 (-10.4%), from -€347,918 to -€384,198
- Current portion of long-term debt -€7,473
down €7,473 (-36.4%), from €20,557 to €13,084
- Gross operating margin +€144,100
up €144,100 (+91.3%), from -€157,825 to -€13,724
- Staff costs -€7,545
down €7,545 (-100.0%), from €7,545 to €0
- Depreciation -€5,385
down €5,385 (-37.2%), from €14,460 to €9,075
- Financial charges +€4,766
up €4,766 (+60.7%), from €7,848 to €12,614
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 | €185,255 | €98,132 | -€87,123 | -47.0% |
| Fixed assets | 21/28 | €28,848 | €8,831 | -€20,017 | -69.4% |
| Intangible fixed assets | 21 | €16,895 | €8,638 | -€8,257 | -48.9% |
| Tangible fixed assets | 22/27 | €5,103 | €192 | -€4,911 | -96.2% |
| Plant, machinery and equipment | 23 | €104 | €0 | -€104 | -100.0% |
| Furniture and vehicles | 24 | €531 | €192 | -€339 | -63.8% |
| Leasing and similar rights | 25 | €4,467 | €0 | -€4,467 | -100.0% |
| Financial fixed assets | 28 | €6,850 | €0 | -€6,850 | -100.0% |
| Current assets | 29/58 | €156,407 | €89,302 | -€67,106 | -42.9% |
| Stocks and contracts in progress | 3 | €109,494 | €78,838 | -€30,657 | -28.0% |
| Stocks | 30/36 | €109,494 | €78,838 | -€30,657 | -28.0% |
| Amounts receivable within one year | 40/41 | €44,073 | €9,596 | -€34,477 | -78.2% |
| Trade receivables | 40 | €42,536 | €9,596 | -€32,939 | -77.4% |
| Other amounts receivable | 41 | €1,538 | €0 | -€1,538 | -100.0% |
| Cash at bank and in hand | 54/58 | €805 | €868 | +€63 | +7.8% |
| Deferred charges and accrued income | 490/1 | €2,036 | €0 | -€2,036 | -100.0% |
| Total equity and liabilities | 10/49 | €185,255 | €98,132 | -€87,123 | -47.0% |
| Equity | 10/15 | -€322,918 | -€359,198 | -€36,280 | -11.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€347,918 | -€384,198 | -€36,280 | -10.4% |
| Amounts payable | 17/49 | €508,173 | €457,330 | -€50,843 | -10.0% |
| Amounts payable after more than one year | 17 | €344,862 | €0 | -€344,862 | -100.0% |
| Financial debts | 170/4 | €94,862 | €0 | -€94,862 | -100.0% |
| Other amounts payable | 178/9 | €250,000 | €0 | -€250,000 | -100.0% |
| Amounts payable within one year | 42/48 | €163,311 | €457,330 | +€294,019 | +180.0% |
| Current portion of amounts payable after more than one year | 42 | €20,557 | €13,084 | -€7,473 | -36.4% |
| Financial debts | 43 | €46,801 | €47,803 | +€1,002 | +2.1% |
| Credit institutions | 430/8 | €46,801 | €47,803 | +€1,002 | +2.1% |
| Trade debts | 44 | €66,401 | €13,087 | -€53,313 | -80.3% |
| Suppliers | 440/4 | €66,401 | €13,087 | -€53,313 | -80.3% |
| Advances received on contracts in progress | 46 | €6,354 | €0 | -€6,354 | -100.0% |
| Taxes, remuneration and social security | 45 | €449 | €150 | -€299 | -66.6% |
| Taxes | 450/3 | €449 | €150 | -€299 | -66.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,749 | €383,206 | +€360,457 | +1584.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €10,909 | +€10,909 | |
| Remuneration, social security and pensions | 62 | €7,545 | €0 | -€7,545 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,460 | €9,075 | -€5,385 | -37.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €878 | €1,010 | +€132 | +15.0% |
| Non-recurring operating charges | 66A | €29,792 | €0 | -€29,792 | -100.0% |
| Gross operating margin | 9900 | -€157,825 | -€13,724 | +€144,100 | +91.3% |
| Operating profit (loss) | 9901 | -€210,500 | -€23,809 | +€186,691 | +88.7% |
| Financial income | 75/76B | €0 | €143 | +€143 | +95140.0% |
| Recurring financial income | 75 | €0 | €143 | +€143 | +95140.0% |
| Financial charges | 65/66B | €7,848 | €12,614 | +€4,766 | +60.7% |
| Recurring financial charges | 65 | €7,848 | €12,614 | +€4,766 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | -€218,348 | -€36,280 | +€182,068 | +83.4% |
| Profit (loss) for the period | 9904 | -€218,348 | -€36,280 | +€182,068 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€218,348 | -€36,280 | +€182,068 | +83.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.