Malavolta: what changed
Two fiscal 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.
Malavolta
Largest movements
- Cash +€316,916
up €316,916 (+240.4%), from €131,831 to €448,747
mainly Net result for the year (+€169,250) and Current investments (+€125,000)
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Tangible fixed assets +€32,174
up €32,174 (+338.9%), from €9,493 to €41,668
of which Furniture and vehicles: +€34,674
- Deferred charges and accrued income +€14,335
up €14,335 (+39.4%), from €36,414 to €50,749
- Profit (loss) carried forward +€169,250
up €169,250 (+86.0%), from €196,876 to €366,127
- Tax, wage and social debts +€51,255
up €51,255 (+94.4%), from €54,285 to €105,540
- Debts after one year +€35,000
new in 2025: €35,000
- Accrued charges and deferred income -€20,032
down €20,032 (-100.0%), from €20,032 to €0
- Gross operating margin -€30,273
down €30,273 (-12.0%), from €252,666 to €222,393
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 | €302,738 | €541,572 | +€238,833 | +78.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €9,493 | €41,668 | +€32,174 | +338.9% |
| Tangible fixed assets | 22/27 | €9,493 | €41,668 | +€32,174 | +338.9% |
| Plant, machinery and equipment | 23 | €9,493 | €6,993 | -€2,500 | -26.3% |
| Furniture and vehicles | 24 | - | €34,674 | +€34,674 | |
| Current assets | 29/58 | €293,245 | €499,904 | +€206,659 | +70.5% |
| Amounts receivable within one year | 40/41 | €0 | €408 | +€408 | |
| Trade receivables | 40 | €0 | €408 | +€408 | |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €131,831 | €448,747 | +€316,916 | +240.4% |
| Deferred charges and accrued income | 490/1 | €36,414 | €50,749 | +€14,335 | +39.4% |
| Total equity and liabilities | 10/49 | €302,738 | €541,572 | +€238,833 | +78.9% |
| Equity | 10/15 | €214,709 | €383,959 | +€169,250 | +78.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,832 | €14,832 | = | 0.0% |
| Distributable reserves | 133 | €14,832 | €14,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,876 | €366,127 | +€169,250 | +86.0% |
| Amounts payable | 17/49 | €88,030 | €157,613 | +€69,583 | +79.0% |
| Amounts payable after more than one year | 17 | - | €35,000 | +€35,000 | |
| Financial debts | 170/4 | - | €35,000 | +€35,000 | |
| Amounts payable within one year | 42/48 | €67,998 | €122,613 | +€54,615 | +80.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €54,285 | €105,540 | +€51,255 | +94.4% |
| Taxes | 450/3 | €54,285 | €105,540 | +€51,255 | +94.4% |
| Other amounts payable | 47/48 | €13,713 | €17,073 | +€3,360 | +24.5% |
| Accrued charges and deferred income | 492/3 | €20,032 | €0 | -€20,032 | -100.0% |
| Remuneration, social security and pensions | 62 | €250 | €0 | -€250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,455 | €5,226 | +€1,771 | +51.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €252,666 | €222,393 | -€30,273 | -12.0% |
| Operating profit (loss) | 9901 | €248,843 | €217,047 | -€31,796 | -12.8% |
| Financial income | 75/76B | - | €872 | +€872 | |
| Recurring financial income | 75 | - | €872 | +€872 | |
| Financial charges | 65/66B | €1,533 | €1,253 | -€280 | -18.3% |
| Recurring financial charges | 65 | €1,533 | €1,253 | -€280 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €247,310 | €216,666 | -€30,644 | -12.4% |
| Income taxes | 67/77 | €49,601 | €47,416 | -€2,184 | -4.4% |
| Profit (loss) for the period | 9904 | €197,709 | €169,250 | -€28,459 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €197,709 | €169,250 | -€28,459 | -14.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.