VANMALLEGHEM: 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.
VANMALLEGHEM
Largest movements
- Cash +€356,013
up €356,013 (+77.5%), from €459,444 to €815,457
mainly Net result for the year (+€223,056) and Current investments (+€199,160)
- Current investments -€199,160
down €199,160 (-28.1%), from €707,898 to €508,737
- Receivables within one year -€148,275
down €148,275 (-69.8%), from €212,308 to €64,032
of which Trade receivables: -€105,023
- Tangible fixed assets +€133,865
up €133,865 (+52.1%), from €256,875 to €390,740
of which Land and buildings: +€134,423
- Reserves +€223,056
up €223,056 (+15.3%), from €1.5m to €1.7m
- Other debts -€64,361
down €64,361 (-95.8%), from €67,159 to €2,798
- Tax, wage and social debts -€25,263
down €25,263 (-26.4%), from €95,637 to €70,374
of which Taxes: -€27,167
- Gross operating margin -€111,792
down €111,792 (-24.6%), from €453,754 to €341,963
- Taxes -€39,427
down €39,427 (-27.8%), from €142,006 to €102,579
- Depreciation +€9,839
up €9,839 (+83.6%), from €11,770 to €21,609
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 | €1,650,609 | €1,797,054 | +€146,446 | +8.9% |
| Fixed assets | 21/28 | €256,900 | €390,765 | +€133,865 | +52.1% |
| Tangible fixed assets | 22/27 | €256,875 | €390,740 | +€133,865 | +52.1% |
| Land and buildings | 22 | €255,623 | €390,046 | +€134,423 | +52.6% |
| Plant, machinery and equipment | 23 | €768 | €335 | -€432 | -56.3% |
| Furniture and vehicles | 24 | €484 | €359 | -€125 | -25.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,393,708 | €1,406,289 | +€12,581 | +0.9% |
| Amounts receivable within one year | 40/41 | €212,308 | €64,032 | -€148,275 | -69.8% |
| Trade receivables | 40 | €169,055 | €64,032 | -€105,023 | -62.1% |
| Other amounts receivable | 41 | €43,253 | - | -€43,253 | |
| Current investments | 50/53 | €707,898 | €508,737 | -€199,160 | -28.1% |
| Cash at bank and in hand | 54/58 | €459,444 | €815,457 | +€356,013 | +77.5% |
| Deferred charges and accrued income | 490/1 | €14,059 | €18,063 | +€4,004 | +28.5% |
| Total equity and liabilities | 10/49 | €1,650,609 | €1,797,054 | +€146,446 | +8.9% |
| Equity | 10/15 | €1,472,233 | €1,695,289 | +€223,056 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,459,833 | €1,682,889 | +€223,056 | +15.3% |
| Distributable reserves | 133 | €1,459,833 | €1,682,889 | +€223,056 | +15.3% |
| Amounts payable | 17/49 | €178,376 | €101,766 | -€76,610 | -42.9% |
| Amounts payable within one year | 42/48 | €177,408 | €100,767 | -€76,641 | -43.2% |
| Trade debts | 44 | €14,612 | €27,595 | +€12,983 | +88.8% |
| Suppliers | 440/4 | €14,612 | €27,595 | +€12,983 | +88.8% |
| Taxes, remuneration and social security | 45 | €95,637 | €70,374 | -€25,263 | -26.4% |
| Taxes | 450/3 | €95,637 | €68,470 | -€27,167 | -28.4% |
| Remuneration and social security | 454/9 | - | €1,904 | +€1,904 | |
| Other amounts payable | 47/48 | €67,159 | €2,798 | -€64,361 | -95.8% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,770 | €21,609 | +€9,839 | +83.6% |
| Other operating charges | 640/8 | €5,019 | €4,994 | -€25 | -0.5% |
| Gross operating margin | 9900 | €453,754 | €341,963 | -€111,792 | -24.6% |
| Operating profit (loss) | 9901 | €436,965 | €315,360 | -€121,605 | -27.8% |
| Financial income | 75/76B | €10,723 | €12,491 | +€1,768 | +16.5% |
| Recurring financial income | 75 | €10,723 | €12,491 | +€1,768 | +16.5% |
| Financial charges | 65/66B | €2,864 | €2,216 | -€648 | -22.6% |
| Recurring financial charges | 65 | €2,864 | €2,216 | -€648 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €444,825 | €325,635 | -€119,190 | -26.8% |
| Income taxes | 67/77 | €142,006 | €102,579 | -€39,427 | -27.8% |
| Profit (loss) for the period | 9904 | €302,818 | €223,056 | -€79,762 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €302,818 | €223,056 | -€79,762 | -26.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.