MALECOM: 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.
MALECOM
Largest movements
- Cash +€28,386
up €28,386 (+11.7%), from €242,796 to €271,183
mainly Other debts (+€293,197) and Net result for the year (+€99,987)
- Receivables within one year -€15,880
down €15,880 (-91.7%), from €17,323 to €1,444
of which Trade receivables: -€16,048
- Tangible fixed assets -€4,644
down €4,644 (-9.6%), from €48,385 to €43,741
of which Furniture and vehicles: -€6,623
- Other debts +€293,197
up €293,197, from €0 to €293,197
- Reserves -€250,835
down €250,835 (-100.0%), from €250,835 to €0
- Tax, wage and social debts -€36,020
down €36,020 (-68.7%), from €52,437 to €16,417
of which Taxes: -€36,189
- Gross operating margin +€11,000
up €11,000 (+9.2%), from €119,186 to €130,187
- Depreciation +€9,401
up €9,401 (+514.9%), from €1,826 to €11,227
- Financial income +€9,318
up €9,318, from €0 to €9,318
- Taxes +€2,318
up €2,318 (+9.2%), from €25,139 to €27,458
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 | €308,828 | €316,669 | +€7,841 | +2.5% |
| Fixed assets | 21/28 | €48,385 | €43,741 | -€4,644 | -9.6% |
| Tangible fixed assets | 22/27 | €48,385 | €43,741 | -€4,644 | -9.6% |
| Plant, machinery and equipment | 23 | - | €1,978 | +€1,978 | |
| Furniture and vehicles | 24 | €48,385 | €41,762 | -€6,623 | -13.7% |
| Current assets | 29/58 | €260,443 | €272,928 | +€12,485 | +4.8% |
| Amounts receivable within one year | 40/41 | €17,323 | €1,444 | -€15,880 | -91.7% |
| Trade receivables | 40 | €17,048 | €1,000 | -€16,048 | -94.1% |
| Other amounts receivable | 41 | €275 | €443 | +€168 | +61.3% |
| Cash at bank and in hand | 54/58 | €242,796 | €271,183 | +€28,386 | +11.7% |
| Deferred charges and accrued income | 490/1 | €323 | €302 | -€22 | -6.7% |
| Total equity and liabilities | 10/49 | €308,828 | €316,669 | +€7,841 | +2.5% |
| Equity | 10/15 | €255,835 | €5,000 | -€250,835 | -98.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €250,835 | €0 | -€250,835 | -100.0% |
| Distributable reserves | 133 | €250,835 | €0 | -€250,835 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,992 | €311,669 | +€258,676 | +488.1% |
| Amounts payable within one year | 42/48 | €52,992 | €311,669 | +€258,676 | +488.1% |
| Trade debts | 44 | €556 | €2,054 | +€1,499 | +269.7% |
| Suppliers | 440/4 | €556 | €2,054 | +€1,499 | +269.7% |
| Taxes, remuneration and social security | 45 | €52,437 | €16,417 | -€36,020 | -68.7% |
| Taxes | 450/3 | €52,367 | €16,177 | -€36,189 | -69.1% |
| Remuneration and social security | 454/9 | €70 | €240 | +€170 | +241.4% |
| Other amounts payable | 47/48 | €0 | €293,197 | +€293,197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,826 | €11,227 | +€9,401 | +514.9% |
| Other operating charges | 640/8 | €210 | €615 | +€405 | +193.1% |
| Gross operating margin | 9900 | €119,186 | €130,187 | +€11,000 | +9.2% |
| Operating profit (loss) | 9901 | €117,151 | €118,345 | +€1,194 | +1.0% |
| Financial income | 75/76B | €0 | €9,318 | +€9,318 | |
| Recurring financial income | 75 | €0 | €9,318 | +€9,318 | |
| Financial charges | 65/66B | €362 | €218 | -€145 | -39.9% |
| Recurring financial charges | 65 | €362 | €218 | -€145 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €116,789 | €127,445 | +€10,657 | +9.1% |
| Income taxes | 67/77 | €25,139 | €27,458 | +€2,318 | +9.2% |
| Profit (loss) for the period | 9904 | €91,649 | €99,987 | +€8,338 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,649 | €99,987 | +€8,338 | +9.1% |
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 2 October 2026 via checked.be.