VAN MALDEGEM: 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.
VAN MALDEGEM
Largest movements
- Cash +€10,555
up €10,555 (+7.0%), from €151,045 to €161,600
mainly Net result for the year (+€10,241) and Depreciation (+€3,450)
- Tangible fixed assets -€3,450
down €3,450 (-12.9%), from €26,641 to €23,191
of which Furniture and vehicles: -€3,450
- Receivables within one year +€3,136
up €3,136 (+10.1%), from €31,125 to €34,261
of which Other amounts receivable: +€4,140
- Reserves +€10,241
up €10,241 (+6.3%), from €163,811 to €174,052
- Gross operating margin -€4,852
down €4,852 (-17.8%), from €27,323 to €22,471
- Taxes +€1,175
up €1,175 (+41.6%), from €2,825 to €4,000
- Other operating charges -€281
down €281 (-7.4%), from €3,792 to €3,511
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 | €208,811 | €219,052 | +€10,241 | +4.9% |
| Fixed assets | 21/28 | €26,641 | €23,191 | -€3,450 | -12.9% |
| Tangible fixed assets | 22/27 | €26,641 | €23,191 | -€3,450 | -12.9% |
| Land and buildings | 22 | €12,841 | €12,841 | = | 0.0% |
| Furniture and vehicles | 24 | €13,800 | €10,350 | -€3,450 | -25.0% |
| Current assets | 29/58 | €182,170 | €195,861 | +€13,691 | +7.5% |
| Amounts receivable within one year | 40/41 | €31,125 | €34,261 | +€3,136 | +10.1% |
| Trade receivables | 40 | €3,230 | €2,226 | -€1,004 | -31.1% |
| Other amounts receivable | 41 | €27,895 | €32,035 | +€4,140 | +14.8% |
| Cash at bank and in hand | 54/58 | €151,045 | €161,600 | +€10,555 | +7.0% |
| Total equity and liabilities | 10/49 | €208,811 | €219,052 | +€10,241 | +4.9% |
| Equity | 10/15 | €208,811 | €219,052 | +€10,241 | +4.9% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €163,811 | €174,052 | +€10,241 | +6.3% |
| Distributable reserves | 133 | €163,811 | €174,052 | +€10,241 | +6.3% |
| Remuneration, social security and pensions | 62 | €410 | €386 | -€24 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,450 | €3,450 | = | 0.0% |
| Other operating charges | 640/8 | €3,792 | €3,511 | -€281 | -7.4% |
| Gross operating margin | 9900 | €27,323 | €22,471 | -€4,852 | -17.8% |
| Operating profit (loss) | 9901 | €19,671 | €15,124 | -€4,547 | -23.1% |
| Financial charges | 65/66B | €953 | €883 | -€70 | -7.3% |
| Recurring financial charges | 65 | €953 | €883 | -€70 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €18,718 | €14,241 | -€4,477 | -23.9% |
| Income taxes | 67/77 | €2,825 | €4,000 | +€1,175 | +41.6% |
| Profit (loss) for the period | 9904 | €15,893 | €10,241 | -€5,652 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,893 | €10,241 | -€5,652 | -35.6% |
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.