Mala: 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.
Mala
Largest movements
- Cash +€93,409
up €93,409 (+31.2%), from €299,728 to €393,137
mainly Other debts (+€204,810) and Net result for the year (+€87,741)
- Tangible fixed assets -€20,748
down €20,748 (-96.9%), from €21,403 to €655
of which Furniture and vehicles: -€20,301
- Other debts +€204,810
up €204,810 (+2100.6%), from €9,750 to €214,560
- Reserves -€138,478
down €138,478 (-45.6%), from €303,959 to €165,481
- Trade debts +€12,154
up €12,154 (+1381.3%), from €880 to €13,033
- Tax, wage and social debts -€5,829
down €5,829 (-28.9%), from €20,166 to €14,337
of which Taxes: -€4,704
- Gross operating margin +€9,456
up €9,456 (+8.1%), from €116,038 to €125,494
- Taxes +€4,483
up €4,483 (+12.1%), from €36,970 to €41,453
- Financial income +€3,731
up €3,731 (+282.9%), from €1,319 to €5,050
- Depreciation -€1,617
down €1,617 (-78.3%), from €2,064 to €447
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 | €335,755 | €408,411 | +€72,657 | +21.6% |
| Fixed assets | 21/28 | €21,503 | €755 | -€20,748 | -96.5% |
| Tangible fixed assets | 22/27 | €21,403 | €655 | -€20,748 | -96.9% |
| Plant, machinery and equipment | 23 | €1,102 | €655 | -€447 | -40.6% |
| Furniture and vehicles | 24 | €20,301 | €0 | -€20,301 | -100.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €314,252 | €407,657 | +€93,404 | +29.7% |
| Amounts receivable within one year | 40/41 | €14,524 | €14,520 | -€4 | 0.0% |
| Trade receivables | 40 | €14,520 | €14,520 | = | 0.0% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Cash at bank and in hand | 54/58 | €299,728 | €393,137 | +€93,409 | +31.2% |
| Total equity and liabilities | 10/49 | €335,755 | €408,411 | +€72,657 | +21.6% |
| Equity | 10/15 | €304,959 | €166,481 | -€138,478 | -45.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €303,959 | €165,481 | -€138,478 | -45.6% |
| Distributable reserves | 133 | €303,959 | €165,481 | -€138,478 | -45.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,796 | €241,931 | +€211,135 | +685.6% |
| Amounts payable within one year | 42/48 | €30,796 | €241,931 | +€211,135 | +685.6% |
| Trade debts | 44 | €880 | €13,033 | +€12,154 | +1381.3% |
| Suppliers | 440/4 | €880 | €13,033 | +€12,154 | +1381.3% |
| Taxes, remuneration and social security | 45 | €20,166 | €14,337 | -€5,829 | -28.9% |
| Taxes | 450/3 | €19,041 | €14,337 | -€4,704 | -24.7% |
| Remuneration and social security | 454/9 | €1,125 | €0 | -€1,125 | -100.0% |
| Other amounts payable | 47/48 | €9,750 | €214,560 | +€204,810 | +2100.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,064 | €447 | -€1,617 | -78.3% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | €0 | €301 | +€301 | |
| Gross operating margin | 9900 | €116,038 | €125,494 | +€9,456 | +8.1% |
| Operating profit (loss) | 9901 | €113,446 | €124,202 | +€10,756 | +9.5% |
| Financial income | 75/76B | €1,319 | €5,050 | +€3,731 | +282.9% |
| Recurring financial income | 75 | €1,319 | €5,050 | +€3,731 | +282.9% |
| Financial charges | 65/66B | €55 | €57 | +€3 | +4.7% |
| Recurring financial charges | 65 | €55 | €57 | +€3 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €114,710 | €129,194 | +€14,484 | +12.6% |
| Income taxes | 67/77 | €36,970 | €41,453 | +€4,483 | +12.1% |
| Profit (loss) for the period | 9904 | €77,740 | €87,741 | +€10,001 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,740 | €87,741 | +€10,001 | +12.9% |
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 11 October 2026 via checked.be.