MALCOT: 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.
MALCOT
Largest movements
- Tangible fixed assets -€4,155
down €4,155 (-60.9%), from €6,819 to €2,664
of which Land and buildings: -€4,650
- Receivables within one year +€432
up €432 (+4.3%), from €10,042 to €10,474
of which Other amounts receivable: +€692
- Profit (loss) carried forward +€41,147
up €41,147 (+23.9%), from -€172,159 to -€131,012
- Debts after one year -€34,814
down €34,814 (-31.6%), from €110,111 to €75,297
of which Other amounts payable: -€17,690
- Other debts -€9,333
no longer reported in 2025 (was €9,333)
- Trade debts -€1,355
down €1,355 (-4.1%), from €33,259 to €31,903
- Current portion of long-term debt +€995
up €995 (+6.2%), from €16,129 to €17,124
- Gross operating margin +€31,562
up €31,562 (+109.1%), from €28,939 to €60,501
- Other operating charges +€3,238
up €3,238 (+53.0%), from €6,110 to €9,348
- Depreciation -€1,389
down €1,389 (-21.6%), from €6,428 to €5,039
- Financial charges -€924
down €924 (-15.7%), from €5,893 to €4,968
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 | €17,098 | €13,212 | -€3,886 | -22.7% |
| Fixed assets | 21/28 | €6,819 | €2,664 | -€4,155 | -60.9% |
| Tangible fixed assets | 22/27 | €6,819 | €2,664 | -€4,155 | -60.9% |
| Land and buildings | 22 | €4,650 | - | -€4,650 | |
| Plant, machinery and equipment | 23 | €2,168 | €2,664 | +€495 | +22.8% |
| Current assets | 29/58 | €10,279 | €10,549 | +€269 | +2.6% |
| Amounts receivable within one year | 40/41 | €10,042 | €10,474 | +€432 | +4.3% |
| Trade receivables | 40 | €8,481 | €8,221 | -€260 | -3.1% |
| Other amounts receivable | 41 | €1,561 | €2,253 | +€692 | +44.3% |
| Cash at bank and in hand | 54/58 | €238 | €75 | -€163 | -68.4% |
| Total equity and liabilities | 10/49 | €17,098 | €13,212 | -€3,886 | -22.7% |
| Equity | 10/15 | -€153,159 | -€112,012 | +€41,147 | +26.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Other | 1109/19 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,159 | -€131,012 | +€41,147 | +23.9% |
| Amounts payable | 17/49 | €170,257 | €125,224 | -€45,033 | -26.4% |
| Amounts payable after more than one year | 17 | €110,111 | €75,297 | -€34,814 | -31.6% |
| Financial debts | 170/4 | €45,111 | €27,987 | -€17,124 | -38.0% |
| Other amounts payable | 178/9 | €65,000 | €47,310 | -€17,690 | -27.2% |
| Amounts payable within one year | 42/48 | €60,146 | €49,927 | -€10,219 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €16,129 | €17,124 | +€995 | +6.2% |
| Trade debts | 44 | €33,259 | €31,903 | -€1,355 | -4.1% |
| Suppliers | 440/4 | €33,259 | €31,903 | -€1,355 | -4.1% |
| Taxes, remuneration and social security | 45 | €1,426 | €901 | -€526 | -36.9% |
| Taxes | 450/3 | €1,426 | €901 | -€526 | -36.9% |
| Other amounts payable | 47/48 | €9,333 | - | -€9,333 | |
| Non-recurring operating income | 76A | €1,277 | - | -€1,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,428 | €5,039 | -€1,389 | -21.6% |
| Other operating charges | 640/8 | €6,110 | €9,348 | +€3,238 | +53.0% |
| Gross operating margin | 9900 | €28,939 | €60,501 | +€31,562 | +109.1% |
| Operating profit (loss) | 9901 | €16,401 | €46,115 | +€29,714 | +181.2% |
| Financial charges | 65/66B | €5,893 | €4,968 | -€924 | -15.7% |
| Recurring financial charges | 65 | €5,893 | €4,968 | -€924 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €10,509 | €41,147 | +€30,638 | +291.6% |
| Profit (loss) for the period | 9904 | €10,509 | €41,147 | +€30,638 | +291.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,509 | €41,147 | +€30,638 | +291.6% |
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 29 September 2026 via checked.be.