Pascal MALLIEN: 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.
Pascal MALLIEN
Largest movements
- Receivables within one year -€90,308
down €90,308 (-35.9%), from €251,441 to €161,133
of which Other amounts receivable: -€99,893
- Tangible fixed assets +€38,288
up €38,288 (+12.3%), from €311,760 to €350,048
of which Land and buildings: +€34,130
- Deferred charges and accrued income +€7,450
up €7,450 (+7434.7%), from €100 to €7,550
- Short-term financial debts -€37,880
down €37,880 (-88.1%), from €43,000 to €5,120
- Reserves +€24,243
up €24,243 (+11.1%), from €217,803 to €242,046
of which Distributable reserves: +€24,243
- Accrued charges and deferred income -€20,796
down €20,796 (-32.0%), from €65,072 to €44,276
- Trade debts -€12,500
down €12,500 (-52.1%), from €24,001 to €11,502
- Debts after one year -€12,036
down €12,036 (-12.9%), from €92,965 to €80,929
- Gross operating margin +€41,788
up €41,788 (+165.1%), from €25,307 to €67,095
- Taxes +€18,673
up €18,673 (+424.2%), from €4,402 to €23,076
- Financial income +€7,906
up €7,906 (+1017.2%), from €777 to €8,684
- Other operating charges +€2,727
up €2,727 (+80.8%), from €3,374 to €6,101
- Depreciation +€1,905
up €1,905 (+18.0%), from €10,597 to €12,502
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €575,173 | €526,216 | -€48,957 | -8.5% |
| Fixed assets | 21/28 | €311,760 | €350,048 | +€38,288 | +12.3% |
| Tangible fixed assets | 22/27 | €311,760 | €350,048 | +€38,288 | +12.3% |
| Land and buildings | 22 | €294,056 | €328,186 | +€34,130 | +11.6% |
| Plant, machinery and equipment | 23 | - | €3,039 | +€3,039 | |
| Furniture and vehicles | 24 | €17,704 | €18,824 | +€1,120 | +6.3% |
| Current assets | 29/58 | €263,413 | €176,168 | -€87,245 | -33.1% |
| Amounts receivable within one year | 40/41 | €251,441 | €161,133 | -€90,308 | -35.9% |
| Trade receivables | 40 | €11,857 | €21,442 | +€9,585 | +80.8% |
| Other amounts receivable | 41 | €239,584 | €139,691 | -€99,893 | -41.7% |
| Current investments | 50/53 | €6,755 | €6,755 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,117 | €731 | -€4,387 | -85.7% |
| Deferred charges and accrued income | 490/1 | €100 | €7,550 | +€7,450 | +7434.7% |
| Total equity and liabilities | 10/49 | €575,173 | €526,216 | -€48,957 | -8.5% |
| Equity | 10/15 | €267,803 | €292,046 | +€24,243 | +9.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €217,803 | €242,046 | +€24,243 | +11.1% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €212,803 | €237,046 | +€24,243 | +11.4% |
| Amounts payable | 17/49 | €307,370 | €234,170 | -€73,199 | -23.8% |
| Amounts payable after more than one year | 17 | €92,965 | €80,929 | -€12,036 | -12.9% |
| Financial debts | 170/4 | €92,965 | €80,929 | -€12,036 | -12.9% |
| Amounts payable within one year | 42/48 | €149,332 | €108,965 | -€40,368 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €11,500 | €12,036 | +€536 | +4.7% |
| Financial debts | 43 | €43,000 | €5,120 | -€37,880 | -88.1% |
| Credit institutions | 430/8 | €43,000 | €5,120 | -€37,880 | -88.1% |
| Trade debts | 44 | €24,001 | €11,502 | -€12,500 | -52.1% |
| Suppliers | 440/4 | €24,001 | €11,502 | -€12,500 | -52.1% |
| Taxes, remuneration and social security | 45 | €20,831 | €30,307 | +€9,476 | +45.5% |
| Taxes | 450/3 | €20,831 | €30,307 | +€9,476 | +45.5% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €65,072 | €44,276 | -€20,796 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,597 | €12,502 | +€1,905 | +18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €200 | +€200 | |
| Other operating charges | 640/8 | €3,374 | €6,101 | +€2,727 | +80.8% |
| Gross operating margin | 9900 | €25,307 | €67,095 | +€41,788 | +165.1% |
| Operating profit (loss) | 9901 | €11,337 | €48,292 | +€36,955 | +326.0% |
| Financial income | 75/76B | €777 | €8,684 | +€7,906 | +1017.2% |
| Recurring financial income | 75 | €777 | €8,684 | +€7,906 | +1017.2% |
| Financial charges | 65/66B | €11,189 | €9,657 | -€1,532 | -13.7% |
| Recurring financial charges | 65 | €11,189 | €9,657 | -€1,532 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €925 | €47,318 | +€46,393 | +5015.0% |
| Income taxes | 67/77 | €4,402 | €23,076 | +€18,673 | +424.2% |
| Profit (loss) for the period | 9904 | -€3,477 | €24,243 | +€27,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,477 | €24,243 | +€27,720 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.