MALAGA: 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.
What changed
MALAGA
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€217,592
2024 · €199,658+€17,934
Equity
€5.3m
2024 · €5.1m+€217,592
Cash
€78,552
2024 · €83,391-€4,840
Balance sheet total
€5.3m
2024 · €5.1m+€210,274
Largest movements
Assets
- Receivables after one year +€2.8m
new in 2025: €2.8m
- Current investments -€2.5m
no longer reported in 2025 (was €2.5m)
- Tangible fixed assets -€65,793
down €65,793 (-2.6%), from €2.5m to €2.4m
Equity and liabilities
- Profit (loss) carried forward +€217,592
up €217,592 (+20.0%), from €1.1m to €1.3m
Income statement
- Financial income +€25,195
up €25,195 (+29.2%), from €86,393 to €111,588
- Taxes +€5,951
up €5,951 (+6.7%), from €89,131 to €95,082
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.
Result 2024
€199,658
Gross operating margin
+€282
Depreciation
+€0
Other operating charges
-€1,336
Financial income
+€25,195
Financial charges
-€255
Taxes
-€5,951
Result 2025
€217,592
raises the resultlowers the result
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.
From operations
-€2.5m
Investment
+€2.5m
Financing
€0
Cash 2024
€83,391
From operations (derived)
-€2.5m
Net result for the year
+€217,592
Depreciation
+€65,793
Receivables after one year
-€2.8m
Receivables within one year
+€14,978
Smaller working-capital items
+€2,709
Tax, wage and social debts
-€11,265
Investment (derived)
+€2.5m
Current investments
+€2.5m
Cash 2025
€78,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,136,196 | €5,346,470 | +€210,274 | +4.1% |
| Fixed assets | 21/28 | €2,501,386 | €2,435,592 | -€65,793 | -2.6% |
| Tangible fixed assets | 22/27 | €2,501,386 | €2,435,592 | -€65,793 | -2.6% |
| Land and buildings | 22 | €2,501,386 | €2,435,592 | -€65,793 | -2.6% |
| Current assets | 29/58 | €2,634,811 | €2,910,878 | +€276,067 | +10.5% |
| Amounts receivable after more than one year | 29 | - | €2,794,647 | +€2.8m | |
| Other amounts receivable | 291 | - | €2,794,647 | +€2.8m | |
| Amounts receivable within one year | 40/41 | €46,893 | €31,915 | -€14,978 | -31.9% |
| Trade receivables | 40 | €35,864 | €31,915 | -€3,949 | -11.0% |
| Other amounts receivable | 41 | €11,029 | - | -€11,029 | |
| Current investments | 50/53 | €2,500,000 | - | -€2.5m | |
| Cash at bank and in hand | 54/58 | €83,391 | €78,552 | -€4,840 | -5.8% |
| Deferred charges and accrued income | 490/1 | €4,527 | €5,765 | +€1,238 | +27.4% |
| Total equity and liabilities | 10/49 | €5,136,196 | €5,346,470 | +€210,274 | +4.1% |
| Equity | 10/15 | €5,056,867 | €5,274,459 | +€217,592 | +4.3% |
| Contributions | 10/11 | €1,178,500 | €1,178,500 | = | 0.0% |
| Capital | 10 | €1,178,500 | €1,178,500 | = | 0.0% |
| Issued capital | 100 | €1,178,500 | €1,178,500 | = | 0.0% |
| Revaluation surpluses | 12 | €2,640,837 | €2,640,837 | = | 0.0% |
| Reserves | 13 | €149,600 | €149,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €149,600 | €149,600 | = | 0.0% |
| Legal reserve | 130 | €117,850 | €117,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,750 | €31,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,087,930 | €1,305,522 | +€217,592 | +20.0% |
| Amounts payable | 17/49 | €79,329 | €72,011 | -€7,318 | -9.2% |
| Amounts payable within one year | 42/48 | €43,154 | €35,309 | -€7,845 | -18.2% |
| Trade debts | 44 | €1,918 | €5,338 | +€3,420 | +178% |
| Suppliers | 440/4 | €1,918 | €5,338 | +€3,420 | +178% |
| Taxes, remuneration and social security | 45 | €41,236 | €29,971 | -€11,265 | -27.3% |
| Taxes | 450/3 | €41,236 | €29,971 | -€11,265 | -27.3% |
| Accrued charges and deferred income | 492/3 | €36,176 | €36,702 | +€527 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,793 | €65,793 | -€0 | 0.0% |
| Other operating charges | 640/8 | €42,857 | €44,193 | +€1,336 | +3.1% |
| Gross operating margin | 9900 | €311,661 | €311,943 | +€282 | +0.1% |
| Operating profit (loss) | 9901 | €203,011 | €201,956 | -€1,055 | -0.5% |
| Financial income | 75/76B | €86,393 | €111,588 | +€25,195 | +29.2% |
| Recurring financial income | 75 | €86,393 | €111,588 | +€25,195 | +29.2% |
| Financial charges | 65/66B | €615 | €870 | +€255 | +41.5% |
| Recurring financial charges | 65 | €615 | €870 | +€255 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €288,789 | €312,674 | +€23,885 | +8.3% |
| Income taxes | 67/77 | €89,131 | €95,082 | +€5,951 | +6.7% |
| Profit (loss) for the period | 9904 | €199,658 | €217,592 | +€17,934 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €199,658 | €217,592 | +€17,934 | +9.0% |
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.