FONDATION MMICALLEF: 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.
FONDATION MMICALLEF
Largest movements
- Financial fixed assets +€22,080
up €22,080 (+3.6%), from €613,762 to €635,842
- Debts within one year +€22,709
up €22,709 (+4.8%), from €472,085 to €494,794
- Turnover -€3,450
down €3,450 (-36.9%), from €9,350 to €5,900
- Gross operating margin -€1,807
down €1,807 (-30.3%), from €5,960 to €4,153
- Purchases and services -€1,643
down €1,643 (-48.5%), from €3,390 to €1,747
- Financial income +€826
up €826 (+26.1%), from €3,167 to €3,992
- Other operating charges -€247
down €247 (-11.2%), from €2,216 to €1,969
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.
Derived cash bridge
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 | €765,518 | €794,379 | +€28,861 | +3.8% |
| Fixed assets | 21/28 | €631,162 | €653,242 | +€22,080 | +3.5% |
| Tangible fixed assets | 22/27 | €17,400 | €17,400 | = | 0.0% |
| Other tangible fixed assets | 26 | €17,400 | €17,400 | = | 0.0% |
| Financial fixed assets | 28 | €613,762 | €635,842 | +€22,080 | +3.6% |
| Current assets | 29/58 | €134,356 | €141,136 | +€6,781 | +5.0% |
| Amounts receivable within one year | 40/41 | €100,000 | €107,864 | +€7,864 | +7.9% |
| Other amounts receivable | 41 | €100,000 | €107,864 | +€7,864 | +7.9% |
| Cash at bank and in hand | 54/58 | €34,356 | €33,273 | -€1,083 | -3.2% |
| Total equity and liabilities | 10/49 | €765,518 | €794,379 | +€28,861 | +3.8% |
| Equity | 10/15 | €293,433 | €299,585 | +€6,152 | +2.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,433 | €284,585 | +€6,152 | +2.2% |
| Amounts payable | 17/49 | €472,085 | €494,794 | +€22,709 | +4.8% |
| Amounts payable within one year | 42/48 | €472,085 | €494,794 | +€22,709 | +4.8% |
| Turnover | 70 | €9,350 | €5,900 | -€3,450 | -36.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,390 | €1,747 | -€1,643 | -48.5% |
| Other operating charges | 640/8 | €2,216 | €1,969 | -€247 | -11.2% |
| Gross operating margin | 9900 | €5,960 | €4,153 | -€1,807 | -30.3% |
| Operating profit (loss) | 9901 | €3,744 | €2,184 | -€1,560 | -41.7% |
| Financial income | 75/76B | €3,167 | €3,992 | +€826 | +26.1% |
| Recurring financial income | 75 | €3,167 | €3,992 | +€826 | +26.1% |
| Financial charges | 65/66B | €30 | €24 | -€6 | -20.1% |
| Recurring financial charges | 65 | €30 | €24 | -€6 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €6,880 | €6,152 | -€728 | -10.6% |
| Profit (loss) for the period | 9904 | €6,880 | €6,152 | -€728 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,880 | €6,152 | -€728 | -10.6% |
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 21 October 2026 via checked.be.