Maleco Management: 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.
Maleco Management
Largest movements
- Tangible fixed assets -€37,729
down €37,729 (-99.9%), from €37,769 to €40
of which Furniture and vehicles: -€37,616
- Cash -€2,656
down €2,656 (-39.3%), from €6,753 to €4,097
mainly Debts after one year (-€45,503) and Current portion of long-term debt (-€7,261)
- Deferred charges and accrued income -€2,131
down €2,131 (-100%), from €2,131 to €0
- Receivables within one year -€1,943
down €1,943 (-15.7%), from €12,389 to €10,446
of which Other amounts receivable: -€2,231
- Debts after one year -€45,503
down €45,503 (-56.9%), from €80,033 to €34,531
- Current portion of long-term debt -€7,261
down €7,261 (-17.9%), from €40,571 to €33,311
- Reserves +€5,783
up €5,783 (+51.4%), from €11,245 to €17,028
- Depreciation -€13,813
down €13,813 (-99.2%), from €13,926 to €113
- Gross operating margin -€5,583
down €5,583 (-14.8%), from €37,810 to €32,227
- Other operating charges -€2,237
down €2,237 (-43.8%), from €5,109 to €2,872
- Financial charges -€832
down €832 (-14.0%), from €5,963 to €5,131
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 | €159,042 | €114,583 | -€44,460 | -28.0% |
| Fixed assets | 21/28 | €137,769 | €100,040 | -€37,729 | -27.4% |
| Tangible fixed assets | 22/27 | €37,769 | €40 | -€37,729 | -99.9% |
| Plant, machinery and equipment | 23 | €153 | €40 | -€113 | -74.0% |
| Furniture and vehicles | 24 | €37,616 | €0 | -€37,616 | -100% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €21,273 | €14,543 | -€6,730 | -31.6% |
| Amounts receivable within one year | 40/41 | €12,389 | €10,446 | -€1,943 | -15.7% |
| Trade receivables | 40 | €10,157 | €10,446 | +€288 | +2.8% |
| Other amounts receivable | 41 | €2,231 | €0 | -€2,231 | -100% |
| Cash at bank and in hand | 54/58 | €6,753 | €4,097 | -€2,656 | -39.3% |
| Deferred charges and accrued income | 490/1 | €2,131 | €0 | -€2,131 | -100% |
| Total equity and liabilities | 10/49 | €159,042 | €114,583 | -€44,460 | -28.0% |
| Equity | 10/15 | €21,245 | €27,028 | +€5,783 | +27.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €11,245 | €17,028 | +€5,783 | +51.4% |
| Distributable reserves | 133 | €11,245 | €17,028 | +€5,783 | +51.4% |
| Amounts payable | 17/49 | €137,797 | €87,555 | -€50,242 | -36.5% |
| Amounts payable after more than one year | 17 | €80,033 | €34,531 | -€45,503 | -56.9% |
| Financial debts | 170/4 | €80,033 | €34,531 | -€45,503 | -56.9% |
| Amounts payable within one year | 42/48 | €57,764 | €53,024 | -€4,740 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €40,571 | €33,311 | -€7,261 | -17.9% |
| Trade debts | 44 | €4,190 | €5,406 | +€1,216 | +29.0% |
| Suppliers | 440/4 | €4,190 | €5,406 | +€1,216 | +29.0% |
| Taxes, remuneration and social security | 45 | €11,546 | €12,851 | +€1,305 | +11.3% |
| Taxes | 450/3 | €8,827 | €10,132 | +€1,305 | +14.8% |
| Remuneration and social security | 454/9 | €2,719 | €2,719 | = | 0.0% |
| Other amounts payable | 47/48 | €1,456 | €1,456 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,926 | €113 | -€13,813 | -99.2% |
| Other operating charges | 640/8 | €5,109 | €2,872 | -€2,237 | -43.8% |
| Non-recurring operating charges | 66A | - | €14,992 | +€14,992 | |
| Gross operating margin | 9900 | €37,810 | €32,227 | -€5,583 | -14.8% |
| Operating profit (loss) | 9901 | €18,775 | €14,250 | -€4,525 | -24.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +10.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +10.0% |
| Financial charges | 65/66B | €5,963 | €5,131 | -€832 | -14.0% |
| Recurring financial charges | 65 | €5,963 | €5,131 | -€832 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €12,812 | €9,119 | -€3,693 | -28.8% |
| Income taxes | 67/77 | €3,628 | €3,336 | -€292 | -8.0% |
| Profit (loss) for the period | 9904 | €9,184 | €5,783 | -€3,401 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,184 | €5,783 | -€3,401 | -37.0% |
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 19 October 2026 via checked.be.