MALE: 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.
MALE
Largest movements
- Receivables within one year -€13,496
down €13,496 (-93.1%), from €14,496 to €1,000
of which Trade receivables: -€12,096
- Deferred charges and accrued income -€4,009
down €4,009 (-94.0%), from €4,266 to €258
- Other debts -€47,851
down €47,851 (-21.9%), from €218,631 to €170,780
- Profit (loss) carried forward +€35,396
up €35,396, from -€31,362 to €4,034
- Tax, wage and social debts -€7,733
down €7,733 (-52.8%), from €14,645 to €6,912
- Taxes -€4,895
no longer reported in 2025 (was €4,895)
- Gross operating margin -€4,151
down €4,151 (-10.0%), from €41,316 to €37,165
- Other operating charges +€731
up €731 (+446.5%), from €164 to €895
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 | €281,195 | €261,023 | -€20,172 | -7.2% |
| Fixed assets | 21/28 | €256,796 | €256,796 | = | 0.0% |
| Financial fixed assets | 28 | €256,796 | €256,796 | = | 0.0% |
| Current assets | 29/58 | €24,398 | €4,227 | -€20,172 | -82.7% |
| Amounts receivable within one year | 40/41 | €14,496 | €1,000 | -€13,496 | -93.1% |
| Trade receivables | 40 | €12,096 | - | -€12,096 | |
| Other amounts receivable | 41 | €2,400 | €1,000 | -€1,400 | -58.3% |
| Cash at bank and in hand | 54/58 | €5,636 | €2,969 | -€2,667 | -47.3% |
| Deferred charges and accrued income | 490/1 | €4,266 | €258 | -€4,009 | -94.0% |
| Total equity and liabilities | 10/49 | €281,195 | €261,023 | -€20,172 | -7.2% |
| Equity | 10/15 | €43,601 | €78,997 | +€35,396 | +81.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,363 | €56,363 | = | 0.0% |
| Tax-exempt reserves | 132 | €463 | €463 | = | 0.0% |
| Distributable reserves | 133 | €55,900 | €55,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,362 | €4,034 | +€35,396 | |
| Amounts payable | 17/49 | €237,594 | €182,026 | -€55,568 | -23.4% |
| Amounts payable within one year | 42/48 | €237,594 | €181,906 | -€55,688 | -23.4% |
| Trade debts | 44 | €4,318 | €4,114 | -€205 | -4.7% |
| Suppliers | 440/4 | €4,318 | €4,114 | -€205 | -4.7% |
| Advances received on contracts in progress | 46 | - | €101 | +€101 | |
| Taxes, remuneration and social security | 45 | €14,645 | €6,912 | -€7,733 | -52.8% |
| Taxes | 450/3 | €14,645 | €6,912 | -€7,733 | -52.8% |
| Other amounts payable | 47/48 | €218,631 | €170,780 | -€47,851 | -21.9% |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Other operating charges | 640/8 | €164 | €895 | +€731 | +446.5% |
| Gross operating margin | 9900 | €41,316 | €37,165 | -€4,151 | -10.0% |
| Operating profit (loss) | 9901 | €41,153 | €36,270 | -€4,882 | -11.9% |
| Financial income | 75/76B | €1 | €1 | +€0 | +31.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +31.7% |
| Financial charges | 65/66B | €730 | €876 | +€146 | +20.0% |
| Recurring financial charges | 65 | €730 | €876 | +€146 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €40,424 | €35,396 | -€5,028 | -12.4% |
| Income taxes | 67/77 | €4,895 | - | -€4,895 | |
| Profit (loss) for the period | 9904 | €35,529 | €35,396 | -€133 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,529 | €35,396 | -€133 | -0.4% |
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 9 October 2026 via checked.be.