MALELMO: 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.
MALELMO
Largest movements
- Tangible fixed assets -€15,181
down €15,181 (-3.8%), from €398,534 to €383,352
of which Land and buildings: -€13,188
- Debts after one year -€26,205
down €26,205 (-13.3%), from €197,737 to €171,532
- Trade debts +€8,678
up €8,678 (+139%), from €6,244 to €14,922
- Financial charges -€7,583
down €7,583 (-60.0%), from €12,645 to €5,062
- Gross operating margin +€2,209
up €2,209 (+8.9%), from €24,864 to €27,074
- Other operating charges -€1,390
down €1,390 (-29.7%), from €4,686 to €3,296
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 | €401,945 | €388,049 | -€13,896 | -3.5% |
| Fixed assets | 21/28 | €398,534 | €383,352 | -€15,181 | -3.8% |
| Tangible fixed assets | 22/27 | €398,534 | €383,352 | -€15,181 | -3.8% |
| Land and buildings | 22 | €394,148 | €380,960 | -€13,188 | -3.3% |
| Plant, machinery and equipment | 23 | €4,385 | €2,393 | -€1,993 | -45.4% |
| Current assets | 29/58 | €3,411 | €4,697 | +€1,285 | +37.7% |
| Cash at bank and in hand | 54/58 | €1,918 | €3,184 | +€1,266 | +66.0% |
| Deferred charges and accrued income | 490/1 | €1,493 | €1,512 | +€20 | +1.3% |
| Total equity and liabilities | 10/49 | €401,945 | €388,049 | -€13,896 | -3.5% |
| Equity | 10/15 | -€36,298 | -€32,764 | +€3,534 | +9.7% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,298 | -€58,764 | +€3,534 | +5.7% |
| Amounts payable | 17/49 | €438,242 | €420,812 | -€17,430 | -4.0% |
| Amounts payable after more than one year | 17 | €197,737 | €171,532 | -€26,205 | -13.3% |
| Financial debts | 170/4 | €197,737 | €171,532 | -€26,205 | -13.3% |
| Amounts payable within one year | 42/48 | €239,995 | €248,400 | +€8,405 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €25,647 | €26,205 | +€558 | +2.2% |
| Trade debts | 44 | €6,244 | €14,922 | +€8,678 | +139% |
| Suppliers | 440/4 | €6,244 | €14,922 | +€8,678 | +139% |
| Other amounts payable | 47/48 | €208,104 | €207,273 | -€831 | -0.4% |
| Accrued charges and deferred income | 492/3 | €510 | €880 | +€370 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,109 | €15,181 | +€73 | +0.5% |
| Other operating charges | 640/8 | €4,686 | €3,296 | -€1,390 | -29.7% |
| Gross operating margin | 9900 | €24,864 | €27,074 | +€2,209 | +8.9% |
| Operating profit (loss) | 9901 | €5,070 | €8,597 | +€3,527 | +69.6% |
| Financial charges | 65/66B | €12,645 | €5,062 | -€7,583 | -60.0% |
| Recurring financial charges | 65 | €12,645 | €5,062 | -€7,583 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,575 | €3,534 | +€11,110 | |
| Profit (loss) for the period | 9904 | -€7,575 | €3,534 | +€11,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,575 | €3,534 | +€11,110 |
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 14 October 2026 via checked.be.