Malatra: 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.
Malatra
Largest movements
- Tangible fixed assets +€43,760
up €43,760 (+20.2%), from €216,618 to €260,378
of which Leasing and similar rights: +€30,299
- Receivables within one year +€14,203
up €14,203 (+21.7%), from €65,579 to €79,782
of which Trade receivables: +€10,602
- Cash -€5,432
down €5,432 (-19.8%), from €27,380 to €21,948
mainly Investment in fixed assets (net) (-€120,346) and Receivables within one year (-€14,203)
- Debts after one year +€43,426
up €43,426 (+32.6%), from €133,126 to €176,552
of which Financial debts: +€28,926
- Current portion of long-term debt +€11,950
up €11,950 (+26.6%), from €44,950 to €56,899
- Trade debts +€5,742
up €5,742 (+9.6%), from €59,701 to €65,443
- Profit (loss) carried forward -€4,187
down €4,187, from €961 to -€3,227
- Depreciation +€15,445
up €15,445 (+25.3%), from €61,141 to €76,586
- Gross operating margin +€5,002
up €5,002 (+5.9%), from €84,134 to €89,136
- Financial charges +€2,516
up €2,516 (+38.1%), from €6,605 to €9,121
- Taxes -€918
down €918 (-85.5%), from €1,073 to €156
- Other operating charges -€893
down €893 (-10.7%), from €8,353 to €7,460
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,376 | €376,572 | +€57,196 | +17.9% |
| Fixed assets | 21/28 | €225,618 | €269,378 | +€43,760 | +19.4% |
| Tangible fixed assets | 22/27 | €216,618 | €260,378 | +€43,760 | +20.2% |
| Plant, machinery and equipment | 23 | €1,117 | €746 | -€371 | -33.2% |
| Furniture and vehicles | 24 | €20,245 | €15,629 | -€4,617 | -22.8% |
| Leasing and similar rights | 25 | €167,787 | €198,086 | +€30,299 | +18.1% |
| Other tangible fixed assets | 26 | €27,468 | €45,916 | +€18,448 | +67.2% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €93,758 | €107,194 | +€13,436 | +14.3% |
| Stocks and contracts in progress | 3 | - | €2,000 | +€2,000 | |
| Contracts in progress | 37 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €65,579 | €79,782 | +€14,203 | +21.7% |
| Trade receivables | 40 | €63,757 | €74,360 | +€10,602 | +16.6% |
| Other amounts receivable | 41 | €1,822 | €5,423 | +€3,601 | +198% |
| Cash at bank and in hand | 54/58 | €27,380 | €21,948 | -€5,432 | -19.8% |
| Deferred charges and accrued income | 490/1 | €799 | €3,464 | +€2,665 | +334% |
| Total equity and liabilities | 10/49 | €319,376 | €376,572 | +€57,196 | +17.9% |
| Equity | 10/15 | €65,461 | €61,273 | -€4,187 | -6.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,500 | €54,500 | = | 0.0% |
| Distributable reserves | 133 | €54,500 | €54,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €961 | -€3,227 | -€4,187 | |
| Amounts payable | 17/49 | €253,915 | €315,298 | +€61,383 | +24.2% |
| Amounts payable after more than one year | 17 | €133,126 | €176,552 | +€43,426 | +32.6% |
| Financial debts | 170/4 | €125,626 | €154,552 | +€28,926 | +23.0% |
| Other amounts payable | 178/9 | €7,500 | €22,000 | +€14,500 | +193% |
| Amounts payable within one year | 42/48 | €118,775 | €138,746 | +€19,971 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €44,950 | €56,899 | +€11,950 | +26.6% |
| Financial debts | 43 | €9,000 | €9,000 | = | 0.0% |
| Credit institutions | 430/8 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €59,701 | €65,443 | +€5,742 | +9.6% |
| Suppliers | 440/4 | €59,701 | €65,443 | +€5,742 | +9.6% |
| Taxes, remuneration and social security | 45 | €4,923 | €7,198 | +€2,275 | +46.2% |
| Taxes | 450/3 | €4,923 | €7,198 | +€2,275 | +46.2% |
| Other amounts payable | 47/48 | €202 | €206 | +€4 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,014 | - | -€2,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,141 | €76,586 | +€15,445 | +25.3% |
| Other operating charges | 640/8 | €8,353 | €7,460 | -€893 | -10.7% |
| Gross operating margin | 9900 | €84,134 | €89,136 | +€5,002 | +5.9% |
| Operating profit (loss) | 9901 | €14,640 | €5,090 | -€9,550 | -65.2% |
| Financial charges | 65/66B | €6,605 | €9,121 | +€2,516 | +38.1% |
| Recurring financial charges | 65 | €6,605 | €9,121 | +€2,516 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €8,035 | -€4,032 | -€12,066 | |
| Income taxes | 67/77 | €1,073 | €156 | -€918 | -85.5% |
| Profit (loss) for the period | 9904 | €6,962 | -€4,187 | -€11,149 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,962 | -€4,187 | -€11,149 |
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 18 October 2026 via checked.be.