MALA CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+367%), from €329,253 to €1.5m
of which Land and buildings: +€1.2m
- Receivables within one year -€86,710
down €86,710 (-25.5%), from €339,503 to €252,792
of which Trade receivables: -€100,209
- Debts after one year +€1.0m
up €1.0m (+592%), from €177,123 to €1.2m
- Profit (loss) carried forward -€135,399
new in 2025: -€135,399
- Other debts +€134,522
up €134,522 (+62.0%), from €217,000 to €351,522
- Trade debts +€33,281
up €33,281 (+439%), from €7,578 to €40,859
- Current portion of long-term debt +€31,961
up €31,961 (+104%), from €30,791 to €62,752
- Write-downs +€81,186
new in 2025: €81,186
- Gross operating margin -€33,698
down €33,698 (-28.9%), from €116,498 to €82,799
- Financial charges +€20,175
up €20,175 (+230%), from €8,777 to €28,952
- Depreciation +€18,145
up €18,145 (+24.8%), from €73,108 to €91,252
- Other operating charges +€9,449
up €9,449 (+286%), from €3,309 to €12,758
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 | €707,744 | €1,815,918 | +€1.1m | +157% |
| Fixed assets | 21/28 | €329,253 | €1,537,185 | +€1.2m | +367% |
| Tangible fixed assets | 22/27 | €329,253 | €1,537,185 | +€1.2m | +367% |
| Land and buildings | 22 | €311,168 | €1,524,540 | +€1.2m | +390% |
| Furniture and vehicles | 24 | €18,086 | €12,645 | -€5,441 | -30.1% |
| Current assets | 29/58 | €378,490 | €278,734 | -€99,756 | -26.4% |
| Amounts receivable within one year | 40/41 | €339,503 | €252,792 | -€86,710 | -25.5% |
| Trade receivables | 40 | €115,083 | €14,874 | -€100,209 | -87.1% |
| Other amounts receivable | 41 | €224,420 | €237,918 | +€13,499 | +6.0% |
| Cash at bank and in hand | 54/58 | €38,520 | €25,375 | -€13,146 | -34.1% |
| Deferred charges and accrued income | 490/1 | €467 | €567 | +€100 | +21.4% |
| Total equity and liabilities | 10/49 | €707,744 | €1,815,918 | +€1.1m | +157% |
| Equity | 10/15 | €264,500 | €129,102 | -€135,399 | -51.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,300 | €258,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €256,440 | €256,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€135,399 | -€135,399 | |
| Amounts payable | 17/49 | €443,244 | €1,686,817 | +€1.2m | +281% |
| Amounts payable after more than one year | 17 | €177,123 | €1,225,065 | +€1.0m | +592% |
| Financial debts | 170/4 | €177,123 | €1,225,065 | +€1.0m | +592% |
| Amounts payable within one year | 42/48 | €266,121 | €461,752 | +€195,631 | +73.5% |
| Current portion of amounts payable after more than one year | 42 | €30,791 | €62,752 | +€31,961 | +104% |
| Trade debts | 44 | €7,578 | €40,859 | +€33,281 | +439% |
| Suppliers | 440/4 | €7,578 | €40,859 | +€33,281 | +439% |
| Taxes, remuneration and social security | 45 | €10,752 | €6,619 | -€4,132 | -38.4% |
| Taxes | 450/3 | €5,823 | €6,619 | +€796 | +13.7% |
| Remuneration and social security | 454/9 | €4,928 | - | -€4,928 | |
| Other amounts payable | 47/48 | €217,000 | €351,522 | +€134,522 | +62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,108 | €91,252 | +€18,145 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €81,186 | +€81,186 | |
| Other operating charges | 640/8 | €3,309 | €12,758 | +€9,449 | +286% |
| Gross operating margin | 9900 | €116,498 | €82,799 | -€33,698 | -28.9% |
| Operating profit (loss) | 9901 | €40,081 | -€102,397 | -€142,478 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,777 | €28,952 | +€20,175 | +230% |
| Recurring financial charges | 65 | €8,777 | €28,952 | +€20,175 | +230% |
| Profit (loss) for the period before taxes | 9903 | €31,304 | -€131,349 | -€162,653 | |
| Income taxes | 67/77 | €6,261 | €4,050 | -€2,211 | -35.3% |
| Profit (loss) for the period | 9904 | €25,043 | -€135,399 | -€160,442 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,043 | -€135,399 | -€160,442 |
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 13 October 2026 via checked.be.