TUINEN VAN MALDER: what changed
TUINEN VAN MALDER
Largest movements
- Current investments -€350,849
down €350,849 (-100%), from €350,849 to €0
- Receivables within one year +€74,137
up €74,137 (+41.6%), from €178,070 to €252,208
of which Trade receivables: +€110,369
- Tangible fixed assets -€42,487
down €42,487 (-50.1%), from €84,725 to €42,238
of which Plant, machinery and equipment: -€26,153
- Cash -€17,694
down €17,694 (-12.3%), from €143,641 to €125,947
mainly Contributions, distributions and other (-€318,836) and Receivables within one year (-€74,137)
- Reserves -€329,617
down €329,617 (-56.7%), from €581,398 to €251,781
- Trade debts +€28,409
up €28,409 (+101%), from €28,120 to €56,529
- Debts after one year -€27,535
down €27,535 (-37.8%), from €72,934 to €45,399
- Current portion of long-term debt -€7,917
down €7,917 (-22.3%), from €35,452 to €27,535
- Gross operating margin -€104,781
down €104,781 (-89.4%), from €117,202 to €12,421
- Depreciation -€28,355
down €28,355 (-58.7%), from €48,270 to €19,915
- Staff costs -€22,899
down €22,899 (-91.4%), from €25,057 to €2,158
- Other operating charges -€19,163
down €19,163 (-91.7%), from €20,902 to €1,739
- Taxes -€9,682
down €9,682 (-97.6%), from €9,920 to €238
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €760,267 | €423,743 | -€336,524 | -44.3% |
| Fixed assets | 21/28 | €84,899 | €42,248 | -€42,652 | -50.2% |
| Tangible fixed assets | 22/27 | €84,725 | €42,238 | -€42,487 | -50.1% |
| Land and buildings | 22 | €389 | €205 | -€184 | -47.3% |
| Plant, machinery and equipment | 23 | €28,400 | €2,247 | -€26,153 | -92.1% |
| Furniture and vehicles | 24 | €55,937 | €39,786 | -€16,151 | -28.9% |
| Financial fixed assets | 28 | €174 | €10 | -€164 | -94.3% |
| Current assets | 29/58 | €675,367 | €381,495 | -€293,872 | -43.5% |
| Amounts receivable within one year | 40/41 | €178,070 | €252,208 | +€74,137 | +41.6% |
| Trade receivables | 40 | €15,459 | €125,827 | +€110,369 | +714% |
| Other amounts receivable | 41 | €162,611 | €126,380 | -€36,231 | -22.3% |
| Current investments | 50/53 | €350,849 | €0 | -€350,849 | -100% |
| Cash at bank and in hand | 54/58 | €143,641 | €125,947 | -€17,694 | -12.3% |
| Deferred charges and accrued income | 490/1 | €2,807 | €3,340 | +€533 | +19.0% |
| Total equity and liabilities | 10/49 | €760,267 | €423,743 | -€336,524 | -44.3% |
| Equity | 10/15 | €599,998 | €270,381 | -€329,617 | -54.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €581,398 | €251,781 | -€329,617 | -56.7% |
| Distributable reserves | 133 | €581,398 | €251,781 | -€329,617 | -56.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €160,269 | €153,362 | -€6,906 | -4.3% |
| Amounts payable after more than one year | 17 | €72,934 | €45,399 | -€27,535 | -37.8% |
| Financial debts | 170/4 | €72,934 | €45,399 | -€27,535 | -37.8% |
| Amounts payable within one year | 42/48 | €87,334 | €107,963 | +€20,629 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €35,452 | €27,535 | -€7,917 | -22.3% |
| Trade debts | 44 | €28,120 | €56,529 | +€28,409 | +101% |
| Suppliers | 440/4 | €28,120 | €56,529 | +€28,409 | +101% |
| Taxes, remuneration and social security | 45 | €23,761 | €23,266 | -€496 | -2.1% |
| Taxes | 450/3 | €23,761 | €23,266 | -€496 | -2.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €633 | +€633 | |
| Non-recurring operating income | 76A | €70,821 | €47,428 | -€23,393 | -33.0% |
| Remuneration, social security and pensions | 62 | €25,057 | €2,158 | -€22,899 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,270 | €19,915 | -€28,355 | -58.7% |
| Other operating charges | 640/8 | €20,902 | €1,739 | -€19,163 | -91.7% |
| Non-recurring operating charges | 66A | €1,572 | €0 | -€1,572 | -100% |
| Gross operating margin | 9900 | €117,202 | €12,421 | -€104,781 | -89.4% |
| Operating profit (loss) | 9901 | €21,401 | -€11,391 | -€32,792 | |
| Financial income | 75/76B | €13,083 | €4,732 | -€8,351 | -63.8% |
| Recurring financial income | 75 | €13,083 | €4,732 | -€8,351 | -63.8% |
| Financial charges | 65/66B | €5,186 | €3,885 | -€1,301 | -25.1% |
| Recurring financial charges | 65 | €5,186 | €3,885 | -€1,301 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €29,298 | -€10,544 | -€39,842 | |
| Income taxes | 67/77 | €9,920 | €238 | -€9,682 | -97.6% |
| Profit (loss) for the period | 9904 | €19,378 | -€10,782 | -€30,160 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,378 | -€10,782 | -€30,160 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.