MALEJU: what changed
What changed
MALEJU
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€295,370
2024 · €652,324-€356,954
Equity
€2.6m
2024 · €2.3m+€295,370
Cash
€633,050
2024 · €595,081+€37,969
Balance sheet total
€2.7m
2024 · €2.4m+€305,703
Largest movements
Assets
- Tangible fixed assets +€163,974
up €163,974 (+61.3%), from €267,509 to €431,484
of which Other tangible fixed assets: +€181,266
- Current investments +€102,726
up €102,726 (+6.7%), from €1.5m to €1.6m
- Cash +€37,969
up €37,969 (+6.4%), from €595,081 to €633,050
mainly Net result for the year (+€295,370) and Depreciation (+€31,905)
Equity and liabilities
- Reserves +€295,370
up €295,370 (+12.9%), from €2.3m to €2.6m
Income statement
- Gross operating margin -€558,188
down €558,188 (-60.9%), from €915,993 to €357,805
- Taxes -€185,417
down €185,417 (-62.5%), from €296,573 to €111,156
- Financial income +€33,630
up €33,630 (+62.9%), from €53,460 to €87,090
- Depreciation +€17,404
up €17,404 (+120%), from €14,501 to €31,905
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€652,324
Gross operating margin
-€558,188
Depreciation
-€17,404
Other operating charges
-€146
Financial income
+€33,630
Financial charges
-€263
Taxes
+€185,417
Result 2025
€295,370
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€336,574
Investment
-€298,605
Financing
€0
Cash 2024
€595,081
From operations (derived)
+€336,574
Net result for the year
+€295,370
Depreciation
+€31,905
Smaller working-capital items
-€86
Deferred charges and accrued income
-€911
Tax, wage and social debts
+€9,175
Other debts
+€1,121
Investment (derived)
-€298,605
Investment in fixed assets (net)
-€195,879
Current investments
-€102,726
Cash 2025
€633,050
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,420,256 | €2,725,960 | +€305,703 | +12.6% |
| Fixed assets | 21/28 | €267,509 | €431,484 | +€163,974 | +61.3% |
| Tangible fixed assets | 22/27 | €267,509 | €431,484 | +€163,974 | +61.3% |
| Land and buildings | 22 | €240,742 | €222,139 | -€18,603 | -7.7% |
| Plant, machinery and equipment | 23 | €3,165 | €3,938 | +€773 | +24.4% |
| Furniture and vehicles | 24 | €12,499 | €13,037 | +€537 | +4.3% |
| Other tangible fixed assets | 26 | €11,103 | €192,369 | +€181,266 | +1,633% |
| Current assets | 29/58 | €2,152,747 | €2,294,476 | +€141,729 | +6.6% |
| Amounts receivable within one year | 40/41 | €278 | €401 | +€123 | +44.2% |
| Trade receivables | 40 | €278 | €401 | +€123 | +44.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,533,529 | €1,636,255 | +€102,726 | +6.7% |
| Cash at bank and in hand | 54/58 | €595,081 | €633,050 | +€37,969 | +6.4% |
| Deferred charges and accrued income | 490/1 | €23,859 | €24,770 | +€911 | +3.8% |
| Total equity and liabilities | 10/49 | €2,420,256 | €2,725,960 | +€305,703 | +12.6% |
| Equity | 10/15 | €2,300,386 | €2,595,756 | +€295,370 | +12.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,281,836 | €2,577,206 | +€295,370 | +12.9% |
| Distributable reserves | 133 | €2,281,836 | €2,577,206 | +€295,370 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €119,871 | €130,204 | +€10,333 | +8.6% |
| Amounts payable within one year | 42/48 | €118,363 | €128,892 | +€10,528 | +8.9% |
| Trade debts | 44 | €126 | €358 | +€232 | +184% |
| Suppliers | 440/4 | €126 | €358 | +€232 | +184% |
| Taxes, remuneration and social security | 45 | €114,173 | €123,349 | +€9,175 | +8.0% |
| Taxes | 450/3 | €108,173 | €117,349 | +€9,175 | +8.5% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,064 | €5,185 | +€1,121 | +27.6% |
| Accrued charges and deferred income | 492/3 | €1,507 | €1,312 | -€195 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,501 | €31,905 | +€17,404 | +120% |
| Other operating charges | 640/8 | €4,572 | €4,718 | +€146 | +3.2% |
| Gross operating margin | 9900 | €915,993 | €357,805 | -€558,188 | -60.9% |
| Operating profit (loss) | 9901 | €896,920 | €321,182 | -€575,738 | -64.2% |
| Financial income | 75/76B | €53,460 | €87,090 | +€33,630 | +62.9% |
| Recurring financial income | 75 | €53,460 | €87,090 | +€33,630 | +62.9% |
| Financial charges | 65/66B | €1,483 | €1,746 | +€263 | +17.7% |
| Recurring financial charges | 65 | €1,483 | €1,746 | +€263 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €948,897 | €406,526 | -€542,371 | -57.2% |
| Income taxes | 67/77 | €296,573 | €111,156 | -€185,417 | -62.5% |
| Profit (loss) for the period | 9904 | €652,324 | €295,370 | -€356,954 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €652,324 | €295,370 | -€356,954 | -54.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.