MALVERN CONSULTING: 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.
MALVERN CONSULTING
Largest movements
- Cash -€140,538
down €140,538 (-27.5%), from €511,065 to €370,526
mainly Other debts (-€99,104) and Contributions, distributions and other (-€54,434)
- Deferred charges and accrued income +€5,921
up €5,921 (+506.1%), from €1,170 to €7,091
- Other debts -€99,104
down €99,104 (-33.2%), from €298,857 to €199,753
- Reserves -€20,315
down €20,315 (-13.9%), from €145,965 to €125,650
of which Distributable reserves: -€20,315
- Tax, wage and social debts -€5,934
down €5,934 (-31.6%), from €18,770 to €12,836
of which Taxes: -€5,967
- Financial charges -€10,953
down €10,953 (-98.6%), from €11,106 to €153
- Taxes +€3,884
up €3,884 (+36.6%), from €10,627 to €14,511
- Gross operating margin +€2,701
up €2,701 (+5.4%), from €49,573 to €52,274
- Depreciation -€984
down €984 (-23.8%), from €4,128 to €3,144
- Financial income +€710
up €710 (+200.7%), from €354 to €1,064
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 | €541,386 | €413,269 | -€128,117 | -23.7% |
| Fixed assets | 21/28 | €4,729 | €5,972 | +€1,243 | +26.3% |
| Tangible fixed assets | 22/27 | €4,677 | €5,920 | +€1,243 | +26.6% |
| Furniture and vehicles | 24 | €4,677 | €5,920 | +€1,243 | +26.6% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €536,657 | €407,297 | -€129,360 | -24.1% |
| Amounts receivable within one year | 40/41 | €24,423 | €29,681 | +€5,258 | +21.5% |
| Trade receivables | 40 | €14,944 | €27,134 | +€12,191 | +81.6% |
| Other amounts receivable | 41 | €9,479 | €2,546 | -€6,933 | -73.1% |
| Cash at bank and in hand | 54/58 | €511,065 | €370,526 | -€140,538 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,170 | €7,091 | +€5,921 | +506.1% |
| Total equity and liabilities | 10/49 | €541,386 | €413,269 | -€128,117 | -23.7% |
| Equity | 10/15 | €218,629 | €198,314 | -€20,315 | -9.3% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €145,965 | €125,650 | -€20,315 | -13.9% |
| Non-distributable reserves | 130/1 | €24,359 | €24,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,359 | €24,359 | = | 0.0% |
| Distributable reserves | 133 | €121,605 | €101,291 | -€20,315 | -16.7% |
| Profit (loss) carried forward | 14 | €60,267 | €60,267 | = | 0.0% |
| Amounts payable | 17/49 | €322,757 | €214,955 | -€107,803 | -33.4% |
| Amounts payable within one year | 42/48 | €322,757 | €214,955 | -€107,803 | -33.4% |
| Trade debts | 44 | €5,130 | €2,366 | -€2,764 | -53.9% |
| Suppliers | 440/4 | €5,130 | €2,366 | -€2,764 | -53.9% |
| Taxes, remuneration and social security | 45 | €18,770 | €12,836 | -€5,934 | -31.6% |
| Taxes | 450/3 | €16,160 | €10,193 | -€5,967 | -36.9% |
| Remuneration and social security | 454/9 | €2,611 | €2,643 | +€33 | +1.3% |
| Other amounts payable | 47/48 | €298,857 | €199,753 | -€99,104 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,128 | €3,144 | -€984 | -23.8% |
| Other operating charges | 640/8 | €1,363 | €1,410 | +€47 | +3.4% |
| Gross operating margin | 9900 | €49,573 | €52,274 | +€2,701 | +5.4% |
| Operating profit (loss) | 9901 | €44,081 | €47,719 | +€3,638 | +8.3% |
| Financial income | 75/76B | €354 | €1,064 | +€710 | +200.7% |
| Recurring financial income | 75 | €354 | €1,064 | +€710 | +200.7% |
| Financial charges | 65/66B | €11,106 | €153 | -€10,953 | -98.6% |
| Recurring financial charges | 65 | €11,106 | €153 | -€10,953 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €33,328 | €48,630 | +€15,302 | +45.9% |
| Income taxes | 67/77 | €10,627 | €14,511 | +€3,884 | +36.6% |
| Profit (loss) for the period | 9904 | €22,701 | €34,119 | +€11,418 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,701 | €34,119 | +€11,418 | +50.3% |
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 11 October 2026 via checked.be.