MALATEX: 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
MALATEX
NACE 70.100, Activities of head offices
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €56,271+€3.0m
Equity
€5.0m
2024 · €1.9m+€3.1m
Cash
€634,681
2024 · €589,097+€45,584
Balance sheet total
€11.1m
2024 · €9.2m+€1.9m
Largest movements
Assets
- Current investments +€1.9m
up €1.9m (+134.4%), from €1.4m to €3.2m
Equity and liabilities
- Reserves +€3.1m
up €3.1m (+163.9%), from €1.9m to €5.0m
- Other debts -€1.1m
down €1.1m (-66.6%), from €1.6m to €538,808
Income statement
- Financial income +€3.0m
up €3.0m (+5128.1%), from €59,188 to €3.1m
- Turnover -€636,817
no longer reported in 2025 (was €636,817)
- Gross operating margin +€583,305
new in 2025: €583,305
- Services and other goods -€79,252
no longer reported in 2025 (was €79,252)
- Financial charges -€70,679
down €70,679 (-15.1%), from €469,504 to €398,825
of which Financial charges: -€63,568
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
€56,271
Turnover
-€636,817
Other operating income
-€37,759
Services and other goods
+€79,252
Depreciation
-€24,327
Other operating charges
-€3,706
Other operating items
+€581,818
Financial income
+€3.0m
Financial charges
+€70,679
Taxes
-€14,383
Result 2025
€3.1m
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.
From operations
+€2.0m
Investment
-€2.0m
Financing
€0
Cash 2024
€589,097
From operations (derived)
+€2.0m
Net result for the year
+€3.1m
Depreciation
+€124,153
Receivables within one year
-€28,909
Smaller working-capital items
-€1,550
Provisions
-€29,685
Tax, wage and social debts
-€8,686
Other debts
-€1.1m
Accrued charges and deferred income
-€60,593
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€130,508
Current investments
-€1.9m
Cash 2025
€634,681
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,171,415 | €11,105,232 | +€1.9m | +21.1% |
| Fixed assets | 21/28 | €7,063,725 | €7,070,079 | +€6,355 | +0.1% |
| Tangible fixed assets | 22/27 | €1,820,708 | €1,827,062 | +€6,355 | +0.3% |
| Land and buildings | 22 | €1,571,095 | €1,508,826 | -€62,269 | -4.0% |
| Plant, machinery and equipment | 23 | €98,351 | €75,323 | -€23,028 | -23.4% |
| Furniture and vehicles | 24 | €139,609 | €203,329 | +€63,721 | +45.6% |
| Other tangible fixed assets | 26 | €11,652 | €39,583 | +€27,931 | +239.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €5,243,017 | €5,243,017 | = | 0.0% |
| Affiliated companies | 280/1 | €4,782,853 | - | -€4.8m | |
| Participating interests | 280 | €4,782,853 | - | -€4.8m | |
| Companies linked by participating interests | 282/3 | €460,164 | - | -€460,164 | |
| Participating interests | 282 | €460,164 | - | -€460,164 | |
| Current assets | 29/58 | €2,107,690 | €4,035,153 | +€1.9m | +91.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €135,529 | €164,438 | +€28,909 | +21.3% |
| Trade receivables | 40 | €63,217 | €61,038 | -€2,179 | -3.4% |
| Other amounts receivable | 41 | €72,312 | €103,400 | +€31,088 | +43.0% |
| Current investments | 50/53 | €1,377,403 | €3,228,544 | +€1.9m | +134.4% |
| Other investments | 51/53 | €1,377,403 | - | -€1.4m | |
| Cash at bank and in hand | 54/58 | €589,097 | €634,681 | +€45,584 | +7.7% |
| Deferred charges and accrued income | 490/1 | €5,661 | €7,490 | +€1,829 | +32.3% |
| Total equity and liabilities | 10/49 | €9,171,415 | €11,105,232 | +€1.9m | +21.1% |
| Equity | 10/15 | €1,907,385 | €5,013,645 | +€3.1m | +162.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,894,985 | €5,001,245 | +€3.1m | +163.9% |
| Distributable reserves | 133 | €1,894,985 | €5,001,245 | +€3.1m | +163.9% |
| Provisions and deferred taxes | 16 | €5,158,485 | €5,128,800 | -€29,685 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €5,158,485 | €5,128,800 | -€29,685 | -0.6% |
| Other liabilities and charges | 164/5 | €5,158,485 | €5,128,800 | -€29,685 | -0.6% |
| Amounts payable | 17/49 | €2,105,545 | €962,787 | -€1.1m | -54.3% |
| Amounts payable within one year | 42/48 | €1,647,005 | €564,840 | -€1.1m | -65.7% |
| Trade debts | 44 | €1,350 | €1,630 | +€279 | +20.7% |
| Suppliers | 440/4 | €1,350 | €1,630 | +€279 | +20.7% |
| Taxes, remuneration and social security | 45 | €33,088 | €24,402 | -€8,686 | -26.2% |
| Taxes | 450/3 | €33,088 | €24,402 | -€8,686 | -26.2% |
| Other amounts payable | 47/48 | €1,612,567 | €538,808 | -€1.1m | -66.6% |
| Accrued charges and deferred income | 492/3 | €458,540 | €397,947 | -€60,593 | -13.2% |
| Operating income | 70/76A | €674,576 | - | -€674,576 | |
| Turnover | 70 | €636,817 | - | -€636,817 | |
| Other operating income | 74 | €37,759 | - | -€37,759 | |
| Operating charges | 60/66A | €184,312 | - | -€184,312 | |
| Services and other goods | 61 | €79,252 | - | -€79,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,826 | €124,153 | +€24,327 | +24.4% |
| Other operating charges | 640/8 | €5,235 | €8,941 | +€3,706 | +70.8% |
| Non-recurring operating charges | 66A | - | €1,488 | +€1,488 | |
| Gross operating margin | 9900 | - | €583,305 | +€583,305 | |
| Operating profit (loss) | 9901 | €490,264 | €448,724 | -€41,540 | -8.5% |
| Financial income | 75/76B | €59,188 | €3,094,422 | +€3.0m | +5128.1% |
| Recurring financial income | 75 | €59,188 | €3,094,422 | +€3.0m | +5128.1% |
| Income from current assets | 751 | €59,188 | - | -€59,188 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €469,504 | €398,825 | -€70,679 | -15.1% |
| Recurring financial charges | 65 | €462,393 | €398,825 | -€63,568 | -13.7% |
| Debt charges | 650 | €456,489 | - | -€456,489 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €473 | - | -€473 | |
| Other financial charges | 652/9 | €5,431 | - | -€5,431 | |
| Non-recurring financial charges | 66B | €7,111 | €0 | -€7,111 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €79,948 | €3,144,321 | +€3.1m | +3833.0% |
| Income taxes | 67/77 | €23,677 | €38,060 | +€14,383 | +60.7% |
| Taxes | 670/3 | €23,677 | - | -€23,677 | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €56,271 | €3,106,261 | +€3.0m | +5420.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,271 | €3,106,261 | +€3.0m | +5420.2% |
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 12 October 2026 via checked.be.