MALBRANCKE: 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.
MALBRANCKE
Largest movements
- Receivables within one year +€57,956
up €57,956 (+104.5%), from €55,470 to €113,426
of which Other amounts receivable: +€62,382
- Cash +€37,543
up €37,543 (+40.1%), from €93,734 to €131,277
mainly Net result for the year (+€92,005) and Tax, wage and social debts (+€4,366)
- Reserves +€92,005
up €92,005 (+78.8%), from €116,702 to €208,707
- Tax, wage and social debts +€4,366
up €4,366 (+15.5%), from €28,171 to €32,537
- Gross operating margin +€17,280
up €17,280 (+16.4%), from €105,552 to €122,832
- Taxes +€4,518
up €4,518 (+20.0%), from €22,534 to €27,052
- Financial charges +€1,300
up €1,300 (+77.1%), from €1,687 to €2,987
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 | €149,204 | €244,703 | +€95,499 | +64.0% |
| Current assets | 29/58 | €149,204 | €244,703 | +€95,499 | +64.0% |
| Amounts receivable within one year | 40/41 | €55,470 | €113,426 | +€57,956 | +104.5% |
| Trade receivables | 40 | €55,470 | €51,044 | -€4,426 | -8.0% |
| Other amounts receivable | 41 | - | €62,382 | +€62,382 | |
| Cash at bank and in hand | 54/58 | €93,734 | €131,277 | +€37,543 | +40.1% |
| Total equity and liabilities | 10/49 | €149,204 | €244,703 | +€95,499 | +64.0% |
| Equity | 10/15 | €119,702 | €211,707 | +€92,005 | +76.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €116,702 | €208,707 | +€92,005 | +78.8% |
| Distributable reserves | 133 | €116,702 | €208,707 | +€92,005 | +78.8% |
| Amounts payable | 17/49 | €29,502 | €32,996 | +€3,494 | +11.8% |
| Amounts payable within one year | 42/48 | €29,502 | €32,996 | +€3,494 | +11.8% |
| Trade debts | 44 | €730 | €460 | -€270 | -37.0% |
| Suppliers | 440/4 | €730 | €460 | -€270 | -37.0% |
| Taxes, remuneration and social security | 45 | €28,171 | €32,537 | +€4,366 | +15.5% |
| Taxes | 450/3 | €28,171 | €32,537 | +€4,366 | +15.5% |
| Other amounts payable | 47/48 | €601 | - | -€601 | |
| Other operating charges | 640/8 | €748 | €788 | +€40 | +5.4% |
| Gross operating margin | 9900 | €105,552 | €122,832 | +€17,280 | +16.4% |
| Operating profit (loss) | 9901 | €104,804 | €122,044 | +€17,240 | +16.4% |
| Financial charges | 65/66B | €1,687 | €2,987 | +€1,300 | +77.1% |
| Recurring financial charges | 65 | €1,687 | €2,987 | +€1,300 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €103,117 | €119,057 | +€15,940 | +15.5% |
| Income taxes | 67/77 | €22,534 | €27,052 | +€4,518 | +20.0% |
| Profit (loss) for the period | 9904 | €80,583 | €92,005 | +€11,422 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,583 | €92,005 | +€11,422 | +14.2% |
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 9 October 2026 via checked.be.