MALAPDER: what changed
MALAPDER
Largest movements
- Tangible fixed assets -€3,595
down €3,595 (-34.2%), from €10,500 to €6,905
of which Furniture and vehicles: -€4,667
- Receivables within one year -€1,724
down €1,724 (-90.1%), from €1,913 to €189
of which Other amounts receivable: -€1,016
- Cash -€498
down €498 (-90.8%), from €548 to €50
mainly Net result for the year (-€9,800) and Investment in fixed assets (net) (-€1,089)
- Profit (loss) carried forward -€9,800
down €9,800 (-119%), from -€8,222 to -€18,022
- Trade debts +€5,855
up €5,855 (+45.4%), from €12,907 to €18,762
- Tax, wage and social debts -€1,030
down €1,030 (-33.4%), from €3,080 to €2,050
of which Remuneration and social security: -€1,650
- Other debts -€842
down €842 (-51.1%), from €1,647 to €805
- Depreciation +€1,184
up €1,184 (+33.8%), from €3,500 to €4,684
- Gross operating margin -€365
down €365 (-12.5%), from -€2,908 to -€3,272
- Financial charges -€183
down €183 (-9.6%), from €1,907 to €1,724
- Other operating charges -€117
down €117 (-49.4%), from €237 to €120
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 | €14,411 | €8,595 | -€5,817 | -40.4% |
| Fixed assets | 21/28 | €10,500 | €6,905 | -€3,595 | -34.2% |
| Tangible fixed assets | 22/27 | €10,500 | €6,905 | -€3,595 | -34.2% |
| Plant, machinery and equipment | 23 | - | €1,072 | +€1,072 | |
| Furniture and vehicles | 24 | €10,500 | €5,833 | -€4,667 | -44.4% |
| Current assets | 29/58 | €3,911 | €1,689 | -€2,222 | -56.8% |
| Stocks and contracts in progress | 3 | €1,450 | €1,450 | = | 0.0% |
| Stocks | 30/36 | €1,450 | €1,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,913 | €189 | -€1,724 | -90.1% |
| Trade receivables | 40 | €708 | - | -€708 | |
| Other amounts receivable | 41 | €1,205 | €189 | -€1,016 | -84.3% |
| Cash at bank and in hand | 54/58 | €548 | €50 | -€498 | -90.8% |
| Total equity and liabilities | 10/49 | €14,411 | €8,595 | -€5,817 | -40.4% |
| Equity | 10/15 | -€3,222 | -€13,022 | -€9,800 | -304% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,222 | -€18,022 | -€9,800 | -119% |
| Amounts payable | 17/49 | €17,634 | €21,617 | +€3,983 | +22.6% |
| Amounts payable within one year | 42/48 | €17,634 | €21,617 | +€3,983 | +22.6% |
| Trade debts | 44 | €12,907 | €18,762 | +€5,855 | +45.4% |
| Suppliers | 440/4 | €12,907 | €18,762 | +€5,855 | +45.4% |
| Taxes, remuneration and social security | 45 | €3,080 | €2,050 | -€1,030 | -33.4% |
| Taxes | 450/3 | €1,430 | €2,050 | +€620 | +43.3% |
| Remuneration and social security | 454/9 | €1,650 | - | -€1,650 | |
| Other amounts payable | 47/48 | €1,647 | €805 | -€842 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €4,684 | +€1,184 | +33.8% |
| Other operating charges | 640/8 | €237 | €120 | -€117 | -49.4% |
| Gross operating margin | 9900 | -€2,908 | -€3,272 | -€365 | -12.5% |
| Operating profit (loss) | 9901 | -€6,645 | -€8,076 | -€1,431 | -21.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,907 | €1,724 | -€183 | -9.6% |
| Recurring financial charges | 65 | €1,907 | €1,724 | -€183 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,552 | -€9,800 | -€1,248 | -14.6% |
| Profit (loss) for the period | 9904 | -€8,552 | -€9,800 | -€1,248 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,552 | -€9,800 | -€1,248 | -14.6% |
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.