LA MALCONTENTA: 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.
LA MALCONTENTA
Largest movements
- Cash +€176,639
up €176,639 (+50.7%), from €348,599 to €525,237
mainly Net result for the year (+€133,630) and Tax, wage and social debts (+€42,235)
- Receivables within one year -€6,591
down €6,591 (-71.9%), from €9,170 to €2,579
of which Other amounts receivable: -€6,130
- Reserves +€116,162
up €116,162 (+34.3%), from €338,733 to €454,895
of which Distributable reserves: +€116,162
- Tax, wage and social debts +€42,235
up €42,235 (+78.7%), from €53,694 to €95,930
of which Taxes: +€37,035
- Trade debts +€14,048
up €14,048 (+77.9%), from €18,042 to €32,090
- Gross operating margin +€126,740
up €126,740 (+40.7%), from €311,024 to €437,764
- Taxes +€35,490
up €35,490 (+153%), from €23,242 to €58,731
- Staff costs +€17,298
up €17,298 (+8.1%), from €212,973 to €230,271
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 | €428,140 | €597,195 | +€169,054 | +39.5% |
| Fixed assets | 21/28 | €50,184 | €47,654 | -€2,531 | -5.0% |
| Intangible fixed assets | 21 | - | €1,168 | +€1,168 | |
| Tangible fixed assets | 22/27 | €50,184 | €46,486 | -€3,699 | -7.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €14,349 | €12,598 | -€1,751 | -12.2% |
| Furniture and vehicles | 24 | €2,084 | €1,645 | -€440 | -21.1% |
| Other tangible fixed assets | 26 | €33,751 | €32,243 | -€1,508 | -4.5% |
| Current assets | 29/58 | €377,956 | €549,541 | +€171,585 | +45.4% |
| Stocks and contracts in progress | 3 | €14,957 | €18,257 | +€3,300 | +22.1% |
| Stocks | 30/36 | €14,957 | €18,257 | +€3,300 | +22.1% |
| Amounts receivable within one year | 40/41 | €9,170 | €2,579 | -€6,591 | -71.9% |
| Trade receivables | 40 | €840 | €379 | -€461 | -54.9% |
| Other amounts receivable | 41 | €8,330 | €2,200 | -€6,130 | -73.6% |
| Cash at bank and in hand | 54/58 | €348,599 | €525,237 | +€176,639 | +50.7% |
| Deferred charges and accrued income | 490/1 | €5,231 | €3,468 | -€1,763 | -33.7% |
| Total equity and liabilities | 10/49 | €428,140 | €597,195 | +€169,054 | +39.5% |
| Equity | 10/15 | €348,732 | €464,894 | +€116,162 | +33.3% |
| Contributions | 10/11 | €9,999 | €9,999 | = | 0.0% |
| Reserves | 13 | €338,733 | €454,895 | +€116,162 | +34.3% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €326,733 | €442,895 | +€116,162 | +35.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,408 | €132,301 | +€52,893 | +66.6% |
| Amounts payable within one year | 42/48 | €79,408 | €132,301 | +€52,893 | +66.6% |
| Trade debts | 44 | €18,042 | €32,090 | +€14,048 | +77.9% |
| Suppliers | 440/4 | €18,042 | €32,090 | +€14,048 | +77.9% |
| Taxes, remuneration and social security | 45 | €53,694 | €95,930 | +€42,235 | +78.7% |
| Taxes | 450/3 | €28,242 | €65,278 | +€37,035 | +131% |
| Remuneration and social security | 454/9 | €25,452 | €30,652 | +€5,200 | +20.4% |
| Other amounts payable | 47/48 | €7,672 | €4,281 | -€3,391 | -44.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €212,973 | €230,271 | +€17,298 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,915 | €14,265 | +€2,350 | +19.7% |
| Other operating charges | 640/8 | €2,799 | €2,094 | -€706 | -25.2% |
| Gross operating margin | 9900 | €311,024 | €437,764 | +€126,740 | +40.7% |
| Operating profit (loss) | 9901 | €83,336 | €191,135 | +€107,798 | +129% |
| Financial income | 75/76B | €1,803 | €1,929 | +€126 | +7.0% |
| Recurring financial income | 75 | €1,803 | €1,929 | +€126 | +7.0% |
| Financial charges | 65/66B | €1,409 | €702 | -€707 | -50.2% |
| Recurring financial charges | 65 | €1,409 | €702 | -€707 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €83,730 | €192,362 | +€108,631 | +130% |
| Income taxes | 67/77 | €23,242 | €58,731 | +€35,490 | +153% |
| Profit (loss) for the period | 9904 | €60,489 | €133,630 | +€73,142 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €60,489 | €133,630 | +€73,142 | +121% |
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 17 October 2026 via checked.be.