MALACO: 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.
MALACO
Largest movements
- Cash +€115,364
up €115,364 (+107%), from €108,122 to €223,486
mainly Other debts (+€396,309) and Net result for the year (+€144,805)
- Deferred charges and accrued income -€99,971
down €99,971 (-97.3%), from €102,703 to €2,732
- Other debts +€396,309
up €396,309 (+286,599%), from €138 to €396,447
- Reserves -€265,195
down €265,195 (-91.2%), from €290,871 to €25,675
- Debts after one year -€175,000
down €175,000 (-13.8%), from €1.3m to €1.1m
- Current portion of long-term debt +€100,000
up €100,000 (+133%), from €75,000 to €175,000
- Tax, wage and social debts -€31,880
down €31,880 (-92.8%), from €34,341 to €2,461
- Financial charges +€36,940
up €36,940 (+22,470%), from €164 to €37,105
- Taxes -€11,732
down €11,732 (-42.0%), from €27,904 to €16,172
- Depreciation +€7,471
up €7,471 (+128%), from €5,827 to €13,297
- Gross operating margin -€2,169
down €2,169 (-1.9%), from €113,874 to €111,705
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 | €1,684,510 | €1,700,595 | +€16,085 | +1.0% |
| Fixed assets | 21/28 | €1,456,927 | €1,443,630 | -€13,297 | -0.9% |
| Tangible fixed assets | 22/27 | €60,661 | €47,363 | -€13,297 | -21.9% |
| Plant, machinery and equipment | 23 | €5,949 | €4,696 | -€1,253 | -21.1% |
| Furniture and vehicles | 24 | €54,712 | €42,667 | -€12,045 | -22.0% |
| Financial fixed assets | 28 | €1,396,267 | €1,396,267 | = | 0.0% |
| Current assets | 29/58 | €227,583 | €256,965 | +€29,382 | +12.9% |
| Amounts receivable within one year | 40/41 | €16,758 | €30,747 | +€13,989 | +83.5% |
| Trade receivables | 40 | €16,746 | €13,793 | -€2,953 | -17.6% |
| Other amounts receivable | 41 | €12 | €16,954 | +€16,942 | +142,248% |
| Cash at bank and in hand | 54/58 | €108,122 | €223,486 | +€115,364 | +107% |
| Deferred charges and accrued income | 490/1 | €102,703 | €2,732 | -€99,971 | -97.3% |
| Total equity and liabilities | 10/49 | €1,684,510 | €1,700,595 | +€16,085 | +1.0% |
| Equity | 10/15 | €295,871 | €30,675 | -€265,195 | -89.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €290,871 | €25,675 | -€265,195 | -91.2% |
| Distributable reserves | 133 | €290,871 | €25,675 | -€265,195 | -91.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,388,639 | €1,669,920 | +€281,280 | +20.3% |
| Amounts payable after more than one year | 17 | €1,271,000 | €1,096,000 | -€175,000 | -13.8% |
| Financial debts | 170/4 | €1,271,000 | €1,096,000 | -€175,000 | -13.8% |
| Amounts payable within one year | 42/48 | €117,639 | €573,920 | +€456,280 | +388% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €175,000 | +€100,000 | +133% |
| Trade debts | 44 | €8,160 | €11 | -€8,148 | -99.9% |
| Suppliers | 440/4 | €8,160 | €11 | -€8,148 | -99.9% |
| Taxes, remuneration and social security | 45 | €34,341 | €2,461 | -€31,880 | -92.8% |
| Taxes | 450/3 | €34,341 | €2,461 | -€31,880 | -92.8% |
| Other amounts payable | 47/48 | €138 | €396,447 | +€396,309 | +286,599% |
| Non-recurring operating income | 76A | €5,485 | €0 | -€5,485 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,827 | €13,297 | +€7,471 | +128% |
| Other operating charges | 640/8 | €327 | €805 | +€478 | +146% |
| Gross operating margin | 9900 | €113,874 | €111,705 | -€2,169 | -1.9% |
| Operating profit (loss) | 9901 | €107,720 | €97,602 | -€10,118 | -9.4% |
| Financial income | 75/76B | €100,624 | €100,479 | -€146 | -0.1% |
| Recurring financial income | 75 | €100,624 | €100,479 | -€146 | -0.1% |
| Financial charges | 65/66B | €164 | €37,105 | +€36,940 | +22,470% |
| Recurring financial charges | 65 | €164 | €37,105 | +€36,940 | +22,470% |
| Profit (loss) for the period before taxes | 9903 | €208,181 | €160,976 | -€47,204 | -22.7% |
| Income taxes | 67/77 | €27,904 | €16,172 | -€11,732 | -42.0% |
| Profit (loss) for the period | 9904 | €180,277 | €144,805 | -€35,472 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €180,277 | €144,805 | -€35,472 | -19.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.