IMMO MALA: 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.
IMMO MALA
Largest movements
- Cash -€344,158
down €344,158 (-96.8%), from €355,564 to €11,406
mainly Receivables within one year (-€261,496) and Net result for the year (-€46,232)
- Receivables within one year +€261,496
up €261,496 (+35.9%), from €727,775 to €989,271
of which Other amounts receivable: +€228,550
- Tangible fixed assets -€32,206
down €32,206 (-4.7%), from €685,868 to €653,662
- Profit (loss) carried forward -€46,232
down €46,232 (-53.4%), from -€86,630 to -€132,863
- Debts after one year -€42,114
down €42,114 (-11.0%), from €382,701 to €340,587
of which Financial debts: -€42,114
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Financial charges +€63,389
up €63,389 (+660.3%), from €9,600 to €72,989
- Gross operating margin -€38,144
down €38,144 (-45.1%), from €84,630 to €46,487
- Financial income +€33,074
new in 2025: €33,074
- Taxes +€10,731
new in 2025: €10,731
- Depreciation +€2,281
up €2,281 (+7.6%), from €29,924 to €32,206
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 | €1,771,376 | €1,656,075 | -€115,301 | -6.5% |
| Fixed assets | 21/28 | €685,868 | €653,662 | -€32,206 | -4.7% |
| Tangible fixed assets | 22/27 | €685,868 | €653,662 | -€32,206 | -4.7% |
| Land and buildings | 22 | €685,868 | €653,662 | -€32,206 | -4.7% |
| Current assets | 29/58 | €1,085,508 | €1,002,413 | -€83,095 | -7.7% |
| Amounts receivable within one year | 40/41 | €727,775 | €989,271 | +€261,496 | +35.9% |
| Trade receivables | 40 | - | €32,946 | +€32,946 | |
| Other amounts receivable | 41 | €727,775 | €956,325 | +€228,550 | +31.4% |
| Cash at bank and in hand | 54/58 | €355,564 | €11,406 | -€344,158 | -96.8% |
| Deferred charges and accrued income | 490/1 | €2,169 | €1,736 | -€433 | -20.0% |
| Total equity and liabilities | 10/49 | €1,771,376 | €1,656,075 | -€115,301 | -6.5% |
| Equity | 10/15 | -€56,630 | -€102,863 | -€46,232 | -81.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,630 | -€132,863 | -€46,232 | -53.4% |
| Amounts payable | 17/49 | €1,828,006 | €1,758,937 | -€69,069 | -3.8% |
| Amounts payable after more than one year | 17 | €382,701 | €340,587 | -€42,114 | -11.0% |
| Financial debts | 170/4 | €379,701 | €337,587 | -€42,114 | -11.1% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,445,264 | €1,418,351 | -€26,913 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €1,387,466 | €1,388,114 | +€649 | 0.0% |
| Trade debts | 44 | €27,798 | €30,236 | +€2,438 | +8.8% |
| Suppliers | 440/4 | €27,798 | €30,236 | +€2,438 | +8.8% |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Accrued charges and deferred income | 492/3 | €41 | - | -€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,924 | €32,206 | +€2,281 | +7.6% |
| Other operating charges | 640/8 | €9,550 | €9,866 | +€316 | +3.3% |
| Non-recurring operating charges | 66A | €9,680 | - | -€9,680 | |
| Gross operating margin | 9900 | €84,630 | €46,487 | -€38,144 | -45.1% |
| Operating profit (loss) | 9901 | €35,476 | €4,415 | -€31,061 | -87.6% |
| Financial income | 75/76B | - | €33,074 | +€33,074 | |
| Recurring financial income | 75 | - | €33,074 | +€33,074 | |
| Financial charges | 65/66B | €9,600 | €72,989 | +€63,389 | +660.3% |
| Recurring financial charges | 65 | €9,600 | €72,989 | +€63,389 | +660.3% |
| Profit (loss) for the period before taxes | 9903 | €25,876 | -€35,501 | -€61,377 | |
| Income taxes | 67/77 | - | €10,731 | +€10,731 | |
| Profit (loss) for the period | 9904 | €25,876 | -€46,232 | -€72,108 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,876 | -€46,232 | -€72,108 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.