MALRE: 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.
MALRE
Largest movements
- Tangible fixed assets -€17,194
down €17,194 (-31.6%), from €54,459 to €37,265
- Cash +€7,610
up €7,610 (+10.8%), from €70,216 to €77,826
mainly Net result for the year (+€21,610) and Depreciation (+€17,194)
- Deferred charges and accrued income +€2,590
up €2,590 (+71.9%), from €3,603 to €6,193
- Other debts -€3,741
down €3,741 (-4.2%), from €89,134 to €85,393
- Profit (loss) carried forward -€2,602
down €2,602 (-10.7%), from €24,212 to €21,610
- Gross operating margin +€47,685
up €47,685, from -€8,096 to €39,589
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 | €135,376 | €129,341 | -€6,034 | -4.5% |
| Fixed assets | 21/28 | €54,459 | €37,265 | -€17,194 | -31.6% |
| Tangible fixed assets | 22/27 | €54,459 | €37,265 | -€17,194 | -31.6% |
| Furniture and vehicles | 24 | €54,459 | €37,265 | -€17,194 | -31.6% |
| Current assets | 29/58 | €80,917 | €92,076 | +€11,159 | +13.8% |
| Amounts receivable within one year | 40/41 | €7,098 | €8,057 | +€959 | +13.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,098 | €8,057 | +€959 | +13.5% |
| Cash at bank and in hand | 54/58 | €70,216 | €77,826 | +€7,610 | +10.8% |
| Deferred charges and accrued income | 490/1 | €3,603 | €6,193 | +€2,590 | +71.9% |
| Total equity and liabilities | 10/49 | €135,376 | €129,341 | -€6,034 | -4.5% |
| Equity | 10/15 | €44,622 | €42,020 | -€2,602 | -5.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,212 | €21,610 | -€2,602 | -10.7% |
| Amounts payable | 17/49 | €90,754 | €87,321 | -€3,433 | -3.8% |
| Amounts payable within one year | 42/48 | €90,754 | €87,321 | -€3,433 | -3.8% |
| Trade debts | 44 | €1,620 | €1,928 | +€309 | +19.1% |
| Suppliers | 440/4 | €1,620 | €1,928 | +€309 | +19.1% |
| Other amounts payable | 47/48 | €89,134 | €85,393 | -€3,741 | -4.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€263 | €82 | +€346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,241 | €17,194 | -€47 | -0.3% |
| Other operating charges | 640/8 | €720 | €635 | -€85 | -11.8% |
| Gross operating margin | 9900 | -€8,096 | €39,589 | +€47,685 | |
| Operating profit (loss) | 9901 | -€25,794 | €21,678 | +€47,471 | |
| Financial income | 75/76B | €231 | €368 | +€137 | +59.2% |
| Recurring financial income | 75 | €231 | €368 | +€137 | +59.2% |
| Financial charges | 65/66B | €262 | €280 | +€18 | +7.0% |
| Recurring financial charges | 65 | €262 | €280 | +€18 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,825 | €21,765 | +€47,590 | |
| Income taxes | 67/77 | €257 | €155 | -€102 | -39.7% |
| Profit (loss) for the period | 9904 | -€26,082 | €21,610 | +€47,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,082 | €21,610 | +€47,692 |
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 12 October 2026 via checked.be.