MALELE: 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.
MALELE
Largest movements
- Tangible fixed assets -€22,197
down €22,197 (-4.5%), from €494,493 to €472,296
of which Land and buildings: -€20,005
- Debts after one year -€58,080
down €58,080 (-21.0%), from €276,618 to €218,538
- Reserves +€25,163
up €25,163 (+48.2%), from €52,228 to €77,390
of which Distributable reserves: +€25,163
- Financial charges +€33,844
up €33,844 (+56.3%), from €60,140 to €93,983
- Gross operating margin +€12,965
up €12,965 (+8.1%), from €160,975 to €173,940
- Other operating charges +€9,281
up €9,281 (+156%), from €5,952 to €15,233
- Taxes -€6,081
down €6,081 (-28.5%), from €21,351 to €15,270
- Financial income -€2,372
down €2,372 (-7.7%), from €30,721 to €28,349
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 | €1,087,110 | €1,063,827 | -€23,283 | -2.1% |
| Fixed assets | 21/28 | €494,875 | €472,678 | -€22,197 | -4.5% |
| Tangible fixed assets | 22/27 | €494,493 | €472,296 | -€22,197 | -4.5% |
| Land and buildings | 22 | €460,570 | €440,564 | -€20,005 | -4.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,430 | €5,317 | -€113 | -2.1% |
| Other tangible fixed assets | 26 | €28,493 | €26,415 | -€2,079 | -7.3% |
| Financial fixed assets | 28 | €382 | €382 | = | 0.0% |
| Current assets | 29/58 | €592,235 | €591,149 | -€1,086 | -0.2% |
| Amounts receivable within one year | 40/41 | €564,621 | €564,829 | +€207 | 0.0% |
| Trade receivables | 40 | €23,419 | €27,078 | +€3,659 | +15.6% |
| Other amounts receivable | 41 | €541,202 | €537,750 | -€3,452 | -0.6% |
| Cash at bank and in hand | 54/58 | €23,830 | €24,896 | +€1,067 | +4.5% |
| Deferred charges and accrued income | 490/1 | €3,784 | €1,424 | -€2,360 | -62.4% |
| Total equity and liabilities | 10/49 | €1,087,110 | €1,063,827 | -€23,283 | -2.1% |
| Equity | 10/15 | €643,082 | €668,245 | +€25,163 | +3.9% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €52,228 | €77,390 | +€25,163 | +48.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,368 | €75,530 | +€25,163 | +50.0% |
| Profit (loss) carried forward | 14 | €577,854 | €577,854 | = | 0.0% |
| Amounts payable | 17/49 | €444,028 | €395,582 | -€48,446 | -10.9% |
| Amounts payable after more than one year | 17 | €276,618 | €218,538 | -€58,080 | -21.0% |
| Financial debts | 170/4 | €276,618 | €218,538 | -€58,080 | -21.0% |
| Amounts payable within one year | 42/48 | €167,411 | €177,045 | +€9,634 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €80,488 | €88,466 | +€7,978 | +9.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,618 | €5,147 | -€471 | -8.4% |
| Suppliers | 440/4 | €5,618 | €5,147 | -€471 | -8.4% |
| Taxes, remuneration and social security | 45 | €1,305 | €3,432 | +€2,128 | +163% |
| Taxes | 450/3 | €268 | €1,113 | +€845 | +315% |
| Remuneration and social security | 454/9 | €1,036 | €2,319 | +€1,282 | +124% |
| Other amounts payable | 47/48 | €80,000 | €80,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €27,330 | €27,210 | -€121 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,555 | €25,430 | -€1,125 | -4.2% |
| Other operating charges | 640/8 | €5,952 | €15,233 | +€9,281 | +156% |
| Gross operating margin | 9900 | €160,975 | €173,940 | +€12,965 | +8.1% |
| Operating profit (loss) | 9901 | €101,138 | €106,067 | +€4,929 | +4.9% |
| Financial income | 75/76B | €30,721 | €28,349 | -€2,372 | -7.7% |
| Recurring financial income | 75 | €30,721 | €28,349 | -€2,372 | -7.7% |
| Financial charges | 65/66B | €60,140 | €93,983 | +€33,844 | +56.3% |
| Recurring financial charges | 65 | €60,140 | €93,983 | +€33,844 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €71,719 | €40,433 | -€31,286 | -43.6% |
| Income taxes | 67/77 | €21,351 | €15,270 | -€6,081 | -28.5% |
| Profit (loss) for the period | 9904 | €50,368 | €25,163 | -€25,205 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,368 | €25,163 | -€25,205 | -50.0% |
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 25 October 2026 via checked.be.