MALAX Engineering: 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.
MALAX Engineering
Largest movements
- Cash +€33,917
up €33,917 (+71.3%), from €47,546 to €81,462
mainly Net result for the year (+€48,221) and Trade debts (+€9,945)
- Tangible fixed assets +€16,102
up €16,102 (+574.5%), from €2,803 to €18,905
of which Furniture and vehicles: +€16,488
- Stocks and contracts +€9,000
new in 2025: €9,000
- Deferred charges and accrued income +€4,859
new in 2025: €4,859
- Profit (loss) carried forward +€47,388
up €47,388 (+166.3%), from €28,500 to €75,888
- Trade debts +€9,945
up €9,945 (+194.5%), from €5,113 to €15,058
- Tax, wage and social debts +€6,086
up €6,086 (+55.6%), from €10,943 to €17,029
- Gross operating margin +€24,284
up €24,284 (+61.3%), from €39,605 to €63,888
- Taxes +€4,399
up €4,399 (+56.7%), from €7,755 to €12,153
- Depreciation +€695
up €695 (+29.1%), from €2,393 to €3,088
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 | €50,348 | €114,226 | +€63,878 | +126.9% |
| Fixed assets | 21/28 | €2,803 | €18,905 | +€16,102 | +574.5% |
| Tangible fixed assets | 22/27 | €2,803 | €18,905 | +€16,102 | +574.5% |
| Plant, machinery and equipment | 23 | €1,918 | €1,532 | -€386 | -20.1% |
| Furniture and vehicles | 24 | €884 | €17,373 | +€16,488 | +1864.2% |
| Current assets | 29/58 | €47,546 | €95,321 | +€47,776 | +100.5% |
| Stocks and contracts in progress | 3 | - | €9,000 | +€9,000 | |
| Contracts in progress | 37 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €47,546 | €81,462 | +€33,917 | +71.3% |
| Deferred charges and accrued income | 490/1 | - | €4,859 | +€4,859 | |
| Total equity and liabilities | 10/49 | €50,348 | €114,226 | +€63,878 | +126.9% |
| Equity | 10/15 | €30,000 | €77,388 | +€47,388 | +158.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,500 | €75,888 | +€47,388 | +166.3% |
| Amounts payable | 17/49 | €20,348 | €36,839 | +€16,490 | +81.0% |
| Amounts payable within one year | 42/48 | €19,598 | €35,339 | +€15,740 | +80.3% |
| Trade debts | 44 | €5,113 | €15,058 | +€9,945 | +194.5% |
| Suppliers | 440/4 | €5,113 | €15,058 | +€9,945 | +194.5% |
| Taxes, remuneration and social security | 45 | €10,943 | €17,029 | +€6,086 | +55.6% |
| Taxes | 450/3 | €10,943 | €17,029 | +€6,086 | +55.6% |
| Other amounts payable | 47/48 | €3,543 | €3,252 | -€291 | -8.2% |
| Accrued charges and deferred income | 492/3 | €750 | €1,500 | +€750 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,393 | €3,088 | +€695 | +29.1% |
| Other operating charges | 640/8 | €71 | €387 | +€316 | +444.4% |
| Gross operating margin | 9900 | €39,605 | €63,888 | +€24,284 | +61.3% |
| Operating profit (loss) | 9901 | €37,141 | €60,413 | +€23,273 | +62.7% |
| Financial charges | 65/66B | €27 | €39 | +€12 | +46.5% |
| Recurring financial charges | 65 | €27 | €39 | +€12 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €37,114 | €60,374 | +€23,260 | +62.7% |
| Income taxes | 67/77 | €7,755 | €12,153 | +€4,399 | +56.7% |
| Profit (loss) for the period | 9904 | €29,359 | €48,221 | +€18,862 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,359 | €48,221 | +€18,862 | +64.2% |
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 3 October 2026 via checked.be.