Malexa: 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.
Malexa
Largest movements
- Receivables within one year +€20,035
up €20,035 (+165%), from €12,152 to €32,186
of which Trade receivables: +€19,659
- Cash -€1,468
down €1,468 (-70.4%), from €2,087 to €619
mainly Receivables within one year (-€20,035) and Investment in fixed assets (net) (-€550)
- Tangible fixed assets +€390
new in 2025: €390
- Reserves +€14,400
up €14,400 (+571%), from €2,520 to €16,920
- Tax, wage and social debts +€4,003
up €4,003 (+73.4%), from €5,451 to €9,454
of which Taxes: +€3,578
- Trade debts +€539
up €539 (+39.2%), from €1,377 to €1,917
- Gross operating margin +€16,275
up €16,275 (+654%), from €2,488 to €18,763
- Taxes +€3,213
up €3,213 (+648%), from €496 to €3,709
- Financial income -€315
down €315 (-100.0%), from €315 to €0
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 | €14,355 | €33,312 | +€18,957 | +132% |
| Fixed assets | 21/28 | €117 | €507 | +€390 | +333% |
| Tangible fixed assets | 22/27 | - | €390 | +€390 | |
| Plant, machinery and equipment | 23 | - | €390 | +€390 | |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €14,238 | €32,805 | +€18,567 | +130% |
| Amounts receivable within one year | 40/41 | €12,152 | €32,186 | +€20,035 | +165% |
| Trade receivables | 40 | €10,794 | €30,453 | +€19,659 | +182% |
| Other amounts receivable | 41 | €1,358 | €1,733 | +€375 | +27.6% |
| Cash at bank and in hand | 54/58 | €2,087 | €619 | -€1,468 | -70.4% |
| Total equity and liabilities | 10/49 | €14,355 | €33,312 | +€18,957 | +132% |
| Equity | 10/15 | €7,527 | €21,941 | +€14,414 | +191% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,520 | €16,920 | +€14,400 | +571% |
| Distributable reserves | 133 | €2,520 | €16,920 | +€14,400 | +571% |
| Profit (loss) carried forward | 14 | €7 | €21 | +€14 | +193% |
| Amounts payable | 17/49 | €6,828 | €11,371 | +€4,543 | +66.5% |
| Amounts payable within one year | 42/48 | €6,828 | €11,371 | +€4,543 | +66.5% |
| Trade debts | 44 | €1,377 | €1,917 | +€539 | +39.2% |
| Suppliers | 440/4 | €1,377 | €1,917 | +€539 | +39.2% |
| Taxes, remuneration and social security | 45 | €5,451 | €9,454 | +€4,003 | +73.4% |
| Taxes | 450/3 | €3,460 | €7,038 | +€3,578 | +103% |
| Remuneration and social security | 454/9 | €1,991 | €2,416 | +€425 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €160 | +€160 | |
| Other operating charges | 640/8 | €433 | €440 | +€6 | +1.5% |
| Gross operating margin | 9900 | €2,488 | €18,763 | +€16,275 | +654% |
| Operating profit (loss) | 9901 | €2,055 | €18,163 | +€16,108 | +784% |
| Financial income | 75/76B | €315 | €0 | -€315 | -100.0% |
| Recurring financial income | 75 | €315 | €0 | -€315 | -100.0% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €2,326 | €18,123 | +€15,797 | +679% |
| Income taxes | 67/77 | €496 | €3,709 | +€3,213 | +648% |
| Profit (loss) for the period | 9904 | €1,830 | €14,414 | +€12,584 | +688% |
| Profit (loss) for the period to be appropriated | 9905 | €1,830 | €14,414 | +€12,584 | +688% |
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 22 October 2026 via checked.be.