MALSCHAERT & Co: 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 & Co
Largest movements
- Tangible fixed assets -€58,638
down €58,638 (-91.6%), from €64,009 to €5,370
of which Land and buildings: -€41,901
- Cash -€33,078
down €33,078 (-87.1%), from €37,964 to €4,886
mainly Contributions, distributions and other (-€63,620) and Net result for the year (-€25,601)
- Deferred charges and accrued income -€2,318
down €2,318 (-65.9%), from €3,518 to €1,200
- Profit (loss) carried forward -€71,166
down €71,166, from €57,221 to -€13,946
- Contributions -€16,393
down €16,393 (-79.6%), from €20,586 to €4,193
- Current portion of long-term debt -€5,098
no longer reported in 2025 (was €5,098)
- Reserves -€1,662
down €1,662 (-79.6%), from €2,087 to €425
- Tax, wage and social debts +€1,232
up €1,232 (+6.8%), from €18,242 to €19,474
of which Remuneration and social security: +€7,171
- Staff costs +€56,732
up €56,732 (+55.8%), from €101,646 to €158,377
- Depreciation -€11,694
down €11,694 (-93.8%), from €12,473 to €779
- Taxes -€5,939
no longer reported in 2025 (was €5,939)
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 | €105,537 | €11,502 | -€94,035 | -89.1% |
| Fixed assets | 21/28 | €64,009 | €5,370 | -€58,638 | -91.6% |
| Tangible fixed assets | 22/27 | €64,009 | €5,370 | -€58,638 | -91.6% |
| Land and buildings | 22 | €47,272 | €5,370 | -€41,901 | -88.6% |
| Plant, machinery and equipment | 23 | €16,348 | - | -€16,348 | |
| Furniture and vehicles | 24 | €389 | - | -€389 | |
| Current assets | 29/58 | €41,528 | €6,132 | -€35,396 | -85.2% |
| Current investments | 50/53 | €46 | €46 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,964 | €4,886 | -€33,078 | -87.1% |
| Deferred charges and accrued income | 490/1 | €3,518 | €1,200 | -€2,318 | -65.9% |
| Total equity and liabilities | 10/49 | €105,537 | €11,502 | -€94,035 | -89.1% |
| Equity | 10/15 | €79,894 | -€9,328 | -€89,221 | |
| Contributions | 10/11 | €20,586 | €4,193 | -€16,393 | -79.6% |
| Reserves | 13 | €2,087 | €425 | -€1,662 | -79.6% |
| Distributable reserves | 133 | €2,087 | €425 | -€1,662 | -79.6% |
| Profit (loss) carried forward | 14 | €57,221 | -€13,946 | -€71,166 | |
| Amounts payable | 17/49 | €25,643 | €20,829 | -€4,814 | -18.8% |
| Amounts payable within one year | 42/48 | €25,643 | €20,829 | -€4,814 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €5,098 | - | -€5,098 | |
| Trade debts | 44 | €2,303 | €1,355 | -€948 | -41.2% |
| Suppliers | 440/4 | €2,303 | €1,355 | -€948 | -41.2% |
| Taxes, remuneration and social security | 45 | €18,242 | €19,474 | +€1,232 | +6.8% |
| Taxes | 450/3 | €5,939 | - | -€5,939 | |
| Remuneration and social security | 454/9 | €12,303 | €19,474 | +€7,171 | +58.3% |
| Remuneration, social security and pensions | 62 | €101,646 | €158,377 | +€56,732 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,473 | €779 | -€11,694 | -93.8% |
| Other operating charges | 640/8 | €2,866 | €2,776 | -€91 | -3.2% |
| Gross operating margin | 9900 | €135,847 | €136,535 | +€688 | +0.5% |
| Operating profit (loss) | 9901 | €18,863 | -€25,396 | -€44,259 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €297 | €205 | -€93 | -31.1% |
| Recurring financial charges | 65 | €297 | €205 | -€93 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €18,565 | -€25,601 | -€44,166 | |
| Income taxes | 67/77 | €5,939 | - | -€5,939 | |
| Profit (loss) for the period | 9904 | €12,626 | -€25,601 | -€38,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,626 | -€25,601 | -€38,228 |
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 8 October 2026 via checked.be.