Notaris Mallentjer: 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.
Notaris Mallentjer
Largest movements
- Intangible fixed assets -€157,429
down €157,429 (-33.3%), from €472,287 to €314,858
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€77,842
down €77,842 (-27.5%), from €283,001 to €205,159
of which Furniture and vehicles: -€46,177
- Receivables within one year -€65,210
down €65,210 (-59.8%), from €109,034 to €43,824
of which Other amounts receivable: -€57,818
- Cash -€19,710
down €19,710 (-3.3%), from €602,409 to €582,699
mainly Contributions, distributions and other (-€330,236) and Debts after one year (-€190,555)
- Reserves -€226,179
down €226,179 (-60.2%), from €375,967 to €149,788
- Debts after one year -€190,555
down €190,555 (-40.3%), from €472,669 to €282,114
- Tax, wage and social debts -€26,105
down €26,105 (-6.4%), from €406,956 to €380,851
of which Remuneration and social security: -€19,242
- Other debts +€18,165
up €18,165 (+16.3%), from €111,499 to €129,665
- Staff costs -€54,211
down €54,211 (-14.4%), from €377,465 to €323,253
- Depreciation +€47,264
up €47,264 (+23.1%), from €204,369 to €251,633
- Other operating charges +€7,875
up €7,875 (+152%), from €5,167 to €13,042
- Financial income -€7,597
down €7,597 (-35.5%), from €21,415 to €13,818
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.
Derived cash bridge
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 | €1,643,437 | €1,217,577 | -€425,860 | -25.9% |
| Fixed assets | 21/28 | €755,288 | €520,017 | -€235,271 | -31.1% |
| Intangible fixed assets | 21 | €472,287 | €314,858 | -€157,429 | -33.3% |
| Tangible fixed assets | 22/27 | €283,001 | €205,159 | -€77,842 | -27.5% |
| Furniture and vehicles | 24 | €210,361 | €164,184 | -€46,177 | -22.0% |
| Other tangible fixed assets | 26 | €72,640 | €40,974 | -€31,665 | -43.6% |
| Current assets | 29/58 | €888,148 | €697,560 | -€190,588 | -21.5% |
| Amounts receivable after more than one year | 29 | €65,009 | €66,804 | +€1,796 | +2.8% |
| Other amounts receivable | 291 | €65,009 | €66,804 | +€1,796 | +2.8% |
| Amounts receivable within one year | 40/41 | €109,034 | €43,824 | -€65,210 | -59.8% |
| Trade receivables | 40 | €26,716 | €19,323 | -€7,393 | -27.7% |
| Other amounts receivable | 41 | €82,319 | €24,501 | -€57,818 | -70.2% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €602,409 | €582,699 | -€19,710 | -3.3% |
| Deferred charges and accrued income | 490/1 | €11,697 | €4,233 | -€7,464 | -63.8% |
| Total equity and liabilities | 10/49 | €1,643,437 | €1,217,577 | -€425,860 | -25.9% |
| Equity | 10/15 | €415,967 | €189,788 | -€226,179 | -54.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €375,967 | €149,788 | -€226,179 | -60.2% |
| Distributable reserves | 133 | €375,967 | €149,788 | -€226,179 | -60.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,227,469 | €1,027,788 | -€199,681 | -16.3% |
| Amounts payable after more than one year | 17 | €472,669 | €282,114 | -€190,555 | -40.3% |
| Financial debts | 170/4 | €472,669 | €282,114 | -€190,555 | -40.3% |
| Amounts payable within one year | 42/48 | €752,626 | €744,531 | -€8,095 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €190,396 | €190,555 | +€159 | +0.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €43,774 | €43,460 | -€314 | -0.7% |
| Suppliers | 440/4 | €43,774 | €43,460 | -€314 | -0.7% |
| Taxes, remuneration and social security | 45 | €406,956 | €380,851 | -€26,105 | -6.4% |
| Taxes | 450/3 | €66,513 | €59,649 | -€6,863 | -10.3% |
| Remuneration and social security | 454/9 | €340,443 | €321,201 | -€19,242 | -5.7% |
| Other amounts payable | 47/48 | €111,499 | €129,665 | +€18,165 | +16.3% |
| Accrued charges and deferred income | 492/3 | €2,174 | €1,144 | -€1,030 | -47.4% |
| Remuneration, social security and pensions | 62 | €377,465 | €323,253 | -€54,211 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,369 | €251,633 | +€47,264 | +23.1% |
| Other operating charges | 640/8 | €5,167 | €13,042 | +€7,875 | +152% |
| Non-recurring operating charges | 66A | €8 | €2,344 | +€2,336 | +29,832% |
| Gross operating margin | 9900 | €713,667 | €717,777 | +€4,110 | +0.6% |
| Operating profit (loss) | 9901 | €126,659 | €127,505 | +€846 | +0.7% |
| Financial income | 75/76B | €21,415 | €13,818 | -€7,597 | -35.5% |
| Recurring financial income | 75 | €21,415 | €13,818 | -€7,597 | -35.5% |
| Financial charges | 65/66B | €7,750 | €5,609 | -€2,141 | -27.6% |
| Recurring financial charges | 65 | €7,750 | €5,609 | -€2,141 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €140,324 | €135,714 | -€4,610 | -3.3% |
| Income taxes | 67/77 | €28,825 | €31,658 | +€2,833 | +9.8% |
| Profit (loss) for the period | 9904 | €111,499 | €104,057 | -€7,443 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €111,499 | €104,057 | -€7,443 | -6.7% |
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 30 October 2026 via checked.be.