Malpertuus: 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.
Malpertuus
Largest movements
- Tangible fixed assets -€53,015
down €53,015 (-6.7%), from €785,806 to €732,791
of which Furniture and vehicles: -€31,359
- Cash +€36,697
up €36,697 (+179.5%), from €20,443 to €57,140
mainly Net result for the year (+€77,811) and Depreciation (+€58,175)
- Receivables within one year +€20,174
up €20,174 (+5.5%), from €366,387 to €386,561
of which Other amounts receivable: +€18,209
- Profit (loss) carried forward +€77,811
new in 2025: €77,811
- Debts after one year -€62,955
down €62,955 (-15.8%), from €399,455 to €336,499
of which Financial debts: -€44,955
- Reserves -€57,400
down €57,400 (-9.5%), from €605,309 to €547,909
- Other debts +€40,164
up €40,164 (+60.2%), from €66,763 to €106,927
- Taxes -€6,306
down €6,306 (-20.8%), from €30,372 to €24,066
- Gross operating margin +€5,418
up €5,418 (+3.4%), from €157,481 to €162,900
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 | €1,175,585 | €1,177,719 | +€2,134 | +0.2% |
| Fixed assets | 21/28 | €785,806 | €732,791 | -€53,015 | -6.7% |
| Tangible fixed assets | 22/27 | €785,806 | €732,791 | -€53,015 | -6.7% |
| Land and buildings | 22 | €634,258 | €612,183 | -€22,076 | -3.5% |
| Plant, machinery and equipment | 23 | €24,603 | €25,022 | +€419 | +1.7% |
| Furniture and vehicles | 24 | €126,945 | €95,587 | -€31,359 | -24.7% |
| Current assets | 29/58 | €389,778 | €444,928 | +€55,149 | +14.1% |
| Amounts receivable within one year | 40/41 | €366,387 | €386,561 | +€20,174 | +5.5% |
| Trade receivables | 40 | €19,546 | €21,510 | +€1,964 | +10.1% |
| Other amounts receivable | 41 | €346,841 | €365,050 | +€18,209 | +5.3% |
| Cash at bank and in hand | 54/58 | €20,443 | €57,140 | +€36,697 | +179.5% |
| Deferred charges and accrued income | 490/1 | €2,948 | €1,227 | -€1,721 | -58.4% |
| Total equity and liabilities | 10/49 | €1,175,585 | €1,177,719 | +€2,134 | +0.2% |
| Equity | 10/15 | €606,809 | €627,220 | +€20,411 | +3.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €605,309 | €547,909 | -€57,400 | -9.5% |
| Distributable reserves | 133 | €605,309 | €547,909 | -€57,400 | -9.5% |
| Profit (loss) carried forward | 14 | - | €77,811 | +€77,811 | |
| Amounts payable | 17/49 | €568,775 | €550,499 | -€18,277 | -3.2% |
| Amounts payable after more than one year | 17 | €399,455 | €336,499 | -€62,955 | -15.8% |
| Financial debts | 170/4 | €291,455 | €246,499 | -€44,955 | -15.4% |
| Other amounts payable | 178/9 | €108,000 | €90,000 | -€18,000 | -16.7% |
| Amounts payable within one year | 42/48 | €161,914 | €203,532 | +€41,619 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €61,922 | €62,955 | +€1,033 | +1.7% |
| Trade debts | 44 | €16,713 | €10,205 | -€6,508 | -38.9% |
| Suppliers | 440/4 | €16,713 | €10,205 | -€6,508 | -38.9% |
| Taxes, remuneration and social security | 45 | €16,514 | €23,444 | +€6,930 | +42.0% |
| Taxes | 450/3 | €16,514 | €23,444 | +€6,930 | +42.0% |
| Other amounts payable | 47/48 | €66,763 | €106,927 | +€40,164 | +60.2% |
| Accrued charges and deferred income | 492/3 | €7,407 | €10,467 | +€3,060 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,548 | €58,175 | +€627 | +1.1% |
| Other operating charges | 640/8 | €4,392 | €5,650 | +€1,258 | +28.6% |
| Gross operating margin | 9900 | €157,481 | €162,900 | +€5,418 | +3.4% |
| Operating profit (loss) | 9901 | €95,541 | €99,074 | +€3,534 | +3.7% |
| Financial income | 75/76B | €17,301 | €18,209 | +€908 | +5.3% |
| Recurring financial income | 75 | €17,301 | €18,209 | +€908 | +5.3% |
| Financial charges | 65/66B | €14,181 | €15,407 | +€1,226 | +8.6% |
| Recurring financial charges | 65 | €14,181 | €15,407 | +€1,226 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €98,661 | €101,877 | +€3,216 | +3.3% |
| Income taxes | 67/77 | €30,372 | €24,066 | -€6,306 | -20.8% |
| Profit (loss) for the period | 9904 | €68,289 | €77,811 | +€9,522 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,289 | €77,811 | +€9,522 | +13.9% |
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 6 October 2026 via checked.be.