MALAMO: 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.
MALAMO
Largest movements
- Cash -€51,175
down €51,175 (-87.5%), from €58,480 to €7,306
mainly Other debts (-€68,200) and Debts after one year (-€47,931)
- Current investments -€27,947
no longer reported in 2025 (was €27,947)
- Other debts -€68,200
down €68,200 (-12.1%), from €562,370 to €494,170
- Profit (loss) carried forward +€53,403
up €53,403 (+219.8%), from €24,298 to €77,701
- Debts after one year -€47,931
down €47,931 (-8.4%), from €573,967 to €526,035
- Gross operating margin +€41,078
up €41,078 (+140.0%), from €29,340 to €70,418
- Financial charges -€12,949
down €12,949 (-43.7%), from €29,653 to €16,704
- Financial income +€5,833
new in 2025: €5,833
- Other operating charges -€1,787
down €1,787 (-23.7%), from €7,546 to €5,759
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 | €1,388,282 | €1,319,802 | -€68,480 | -4.9% |
| Fixed assets | 21/28 | €1,292,076 | €1,293,318 | +€1,242 | +0.1% |
| Tangible fixed assets | 22/27 | €1,292,076 | €1,293,318 | +€1,242 | +0.1% |
| Land and buildings | 22 | €1,290,760 | €1,292,370 | +€1,611 | +0.1% |
| Furniture and vehicles | 24 | €1,316 | €948 | -€368 | -28.0% |
| Current assets | 29/58 | €96,206 | €26,484 | -€69,723 | -72.5% |
| Amounts receivable within one year | 40/41 | €6,158 | €17,597 | +€11,439 | +185.7% |
| Trade receivables | 40 | €4,055 | €15,450 | +€11,396 | +281.0% |
| Other amounts receivable | 41 | €2,103 | €2,146 | +€43 | +2.0% |
| Current investments | 50/53 | €27,947 | - | -€27,947 | |
| Cash at bank and in hand | 54/58 | €58,480 | €7,306 | -€51,175 | -87.5% |
| Deferred charges and accrued income | 490/1 | €3,621 | €1,581 | -€2,040 | -56.3% |
| Total equity and liabilities | 10/49 | €1,388,282 | €1,319,802 | -€68,480 | -4.9% |
| Equity | 10/15 | €192,898 | €246,301 | +€53,403 | +27.7% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,298 | €77,701 | +€53,403 | +219.8% |
| Amounts payable | 17/49 | €1,195,384 | €1,073,501 | -€121,883 | -10.2% |
| Amounts payable after more than one year | 17 | €573,967 | €526,035 | -€47,931 | -8.4% |
| Financial debts | 170/4 | €573,967 | €526,035 | -€47,931 | -8.4% |
| Amounts payable within one year | 42/48 | €620,556 | €546,566 | -€73,991 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €47,113 | €47,880 | +€767 | +1.6% |
| Trade debts | 44 | €7,810 | €2,549 | -€5,261 | -67.4% |
| Suppliers | 440/4 | €7,810 | €2,549 | -€5,261 | -67.4% |
| Taxes, remuneration and social security | 45 | €3,264 | €1,966 | -€1,298 | -39.8% |
| Taxes | 450/3 | €3,264 | €1,966 | -€1,298 | -39.8% |
| Other amounts payable | 47/48 | €562,370 | €494,170 | -€68,200 | -12.1% |
| Accrued charges and deferred income | 492/3 | €861 | €900 | +€39 | +4.5% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518 | €368 | -€149 | -28.8% |
| Other operating charges | 640/8 | €7,546 | €5,759 | -€1,787 | -23.7% |
| Non-recurring operating charges | 66A | €48,536 | - | -€48,536 | |
| Gross operating margin | 9900 | €29,340 | €70,418 | +€41,078 | +140.0% |
| Operating profit (loss) | 9901 | -€27,259 | €64,291 | +€91,549 | |
| Financial income | 75/76B | - | €5,833 | +€5,833 | |
| Recurring financial income | 75 | - | €5,833 | +€5,833 | |
| Financial charges | 65/66B | €29,653 | €16,704 | -€12,949 | -43.7% |
| Recurring financial charges | 65 | €29,653 | €16,704 | -€12,949 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€56,912 | €53,420 | +€110,331 | |
| Income taxes | 67/77 | €191 | €17 | -€175 | -91.3% |
| Profit (loss) for the period | 9904 | -€57,103 | €53,403 | +€110,506 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,103 | €53,403 | +€110,506 |
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 10 October 2026 via checked.be.