MALSCHAERT: 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.
MALSCHAERT
Largest movements
- Cash +€1,043
up €1,043 (+5.5%), from €19,080 to €20,124
mainly Net result for the year (+€1,764) and Depreciation (+€876)
- Profit (loss) carried forward +€1,764
up €1,764 (+15.3%), from €11,562 to €13,326
- Depreciation -€3,802
down €3,802 (-81.3%), from €4,678 to €876
- Gross operating margin -€1,539
down €1,539 (-27.7%), from €5,551 to €4,012
- Financial income +€96
up €96 (+15.9%), from €601 to €697
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 | €88,398 | €90,162 | +€1,764 | +2.0% |
| Fixed assets | 21/28 | €16,890 | €16,014 | -€876 | -5.2% |
| Tangible fixed assets | 22/27 | €16,890 | €16,014 | -€876 | -5.2% |
| Land and buildings | 22 | €16,890 | €16,014 | -€876 | -5.2% |
| Current assets | 29/58 | €71,508 | €74,148 | +€2,640 | +3.7% |
| Amounts receivable within one year | 40/41 | €46,826 | €47,523 | +€697 | +1.5% |
| Other amounts receivable | 41 | €46,826 | €47,523 | +€697 | +1.5% |
| Cash at bank and in hand | 54/58 | €19,080 | €20,124 | +€1,043 | +5.5% |
| Deferred charges and accrued income | 490/1 | €5,601 | €6,501 | +€900 | +16.1% |
| Total equity and liabilities | 10/49 | €88,398 | €90,162 | +€1,764 | +2.0% |
| Equity | 10/15 | €87,341 | €89,105 | +€1,764 | +2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,779 | €13,779 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,579 | €7,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,562 | €13,326 | +€1,764 | +15.3% |
| Amounts payable | 17/49 | €1,057 | €1,057 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,057 | €1,057 | = | 0.0% |
| Trade debts | 44 | €1,057 | €1,057 | = | 0.0% |
| Suppliers | 440/4 | €1,057 | €1,057 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,678 | €876 | -€3,802 | -81.3% |
| Other operating charges | 640/8 | €1,979 | €2,027 | +€48 | +2.4% |
| Gross operating margin | 9900 | €5,551 | €4,012 | -€1,539 | -27.7% |
| Operating profit (loss) | 9901 | -€1,105 | €1,109 | +€2,215 | |
| Financial income | 75/76B | €601 | €697 | +€96 | +15.9% |
| Recurring financial income | 75 | €601 | €697 | +€96 | +15.9% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€547 | €1,764 | +€2,311 | |
| Profit (loss) for the period | 9904 | -€547 | €1,764 | +€2,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€547 | €1,764 | +€2,311 |
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 29 September 2026 via checked.be.