MALAJ: what changed
MALAJ
Largest movements
- Cash +€29,227
up €29,227 (+92.9%), from €31,466 to €60,693
mainly Net result for the year (+€19,391) and Depreciation (+€16,263)
- Tangible fixed assets -€11,273
down €11,273 (-30.5%), from €36,972 to €25,699
- Receivables within one year +€1,542
up €1,542 (+11.9%), from €13,004 to €14,546
- Profit (loss) carried forward +€19,391
up €19,391 (+71.8%), from €27,006 to €46,397
- Tax, wage and social debts +€7,795
up €7,795 (+88.1%), from €8,852 to €16,648
of which Taxes: +€7,795
- Debts after one year -€6,498
down €6,498 (-19.2%), from €33,857 to €27,359
- Current portion of long-term debt -€2,020
down €2,020 (-18.6%), from €10,854 to €8,834
- Turnover -€132,018
no longer reported in 2025 (was €132,018)
- Purchases and services -€103,882
no longer reported in 2025 (was €103,882)
- Gross operating margin +€23,668
up €23,668 (+84.1%), from €28,136 to €51,804
- Taxes +€6,549
up €6,549 (+263%), from €2,488 to €9,036
- Depreciation +€5,753
up €5,753 (+54.7%), from €10,511 to €16,263
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,816 | €110,295 | +€19,480 | +21.5% |
| Fixed assets | 21/28 | €45,972 | €34,699 | -€11,273 | -24.5% |
| Tangible fixed assets | 22/27 | €36,972 | €25,699 | -€11,273 | -30.5% |
| Furniture and vehicles | 24 | €36,972 | €25,699 | -€11,273 | -30.5% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €44,843 | €75,597 | +€30,753 | +68.6% |
| Amounts receivable within one year | 40/41 | €13,004 | €14,546 | +€1,542 | +11.9% |
| Trade receivables | 40 | €13,004 | €14,546 | +€1,542 | +11.9% |
| Cash at bank and in hand | 54/58 | €31,466 | €60,693 | +€29,227 | +92.9% |
| Deferred charges and accrued income | 490/1 | €373 | €358 | -€15 | -4.1% |
| Total equity and liabilities | 10/49 | €90,816 | €110,295 | +€19,480 | +21.5% |
| Equity | 10/15 | €37,006 | €56,397 | +€19,391 | +52.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,006 | €46,397 | +€19,391 | +71.8% |
| Amounts payable | 17/49 | €53,809 | €53,898 | +€89 | +0.2% |
| Amounts payable after more than one year | 17 | €33,857 | €27,359 | -€6,498 | -19.2% |
| Other amounts payable | 178/9 | €33,857 | €27,359 | -€6,498 | -19.2% |
| Amounts payable within one year | 42/48 | €19,953 | €26,539 | +€6,586 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €10,854 | €8,834 | -€2,020 | -18.6% |
| Trade debts | 44 | €246 | €1,057 | +€811 | +330% |
| Suppliers | 440/4 | €246 | €1,057 | +€811 | +330% |
| Taxes, remuneration and social security | 45 | €8,852 | €16,648 | +€7,795 | +88.1% |
| Taxes | 450/3 | €6,852 | €14,648 | +€7,795 | +114% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Turnover | 70 | €132,018 | - | -€132,018 | |
| Goods, raw materials, services and sundry goods | 60/61 | €103,882 | - | -€103,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,511 | €16,263 | +€5,753 | +54.7% |
| Other operating charges | 640/8 | €7,747 | €4,597 | -€3,149 | -40.7% |
| Gross operating margin | 9900 | €28,136 | €51,804 | +€23,668 | +84.1% |
| Operating profit (loss) | 9901 | €9,878 | €30,943 | +€21,065 | +213% |
| Financial income | 75/76B | €324 | - | -€324 | |
| Recurring financial income | 75 | €324 | - | -€324 | |
| Financial charges | 65/66B | €201 | €2,516 | +€2,315 | +1,152% |
| Recurring financial charges | 65 | €201 | €2,516 | +€2,315 | +1,152% |
| Profit (loss) for the period before taxes | 9903 | €10,002 | €28,428 | +€18,426 | +184% |
| Income taxes | 67/77 | €2,488 | €9,036 | +€6,549 | +263% |
| Profit (loss) for the period | 9904 | €7,514 | €19,391 | +€11,877 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €7,514 | €19,391 | +€11,877 | +158% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.