MALEXI: 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.
MALEXI
Largest movements
- Cash +€12,065
up €12,065 (+14.7%), from €82,133 to €94,198
mainly Net result for the year (+€19,201) and Depreciation (+€11,800)
- Tangible fixed assets -€11,800
down €11,800 (-15.0%), from €78,826 to €67,027
of which Land and buildings: -€9,538
- Financial fixed assets -€2,865
down €2,865 (-80.6%), from €3,555 to €690
- Deferred charges and accrued income +€2,236
up €2,236 (+34.4%), from €6,495 to €8,731
- Current portion of long-term debt -€6,662
down €6,662 (-91.4%), from €7,285 to €623
- Reserves +€4,201
up €4,201 (+2.8%), from €147,416 to €151,618
- Other debts +€3,000
up €3,000 (+25.0%), from €12,000 to €15,000
- Gross operating margin +€1,175
up €1,175 (+2.8%), from €42,047 to €43,222
- Taxes +€577
up €577 (+6.9%), from €8,384 to €8,960
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 | €175,510 | €176,752 | +€1,242 | +0.7% |
| Fixed assets | 21/28 | €82,382 | €67,717 | -€14,665 | -17.8% |
| Tangible fixed assets | 22/27 | €78,826 | €67,027 | -€11,800 | -15.0% |
| Land and buildings | 22 | €73,662 | €64,124 | -€9,538 | -12.9% |
| Plant, machinery and equipment | 23 | €144 | - | -€144 | |
| Furniture and vehicles | 24 | €5,020 | €2,903 | -€2,118 | -42.2% |
| Financial fixed assets | 28 | €3,555 | €690 | -€2,865 | -80.6% |
| Current assets | 29/58 | €93,128 | €109,035 | +€15,907 | +17.1% |
| Amounts receivable within one year | 40/41 | €4,500 | €6,106 | +€1,606 | +35.7% |
| Trade receivables | 40 | €151 | - | -€151 | |
| Other amounts receivable | 41 | €4,349 | €6,106 | +€1,757 | +40.4% |
| Cash at bank and in hand | 54/58 | €82,133 | €94,198 | +€12,065 | +14.7% |
| Deferred charges and accrued income | 490/1 | €6,495 | €8,731 | +€2,236 | +34.4% |
| Total equity and liabilities | 10/49 | €175,510 | €176,752 | +€1,242 | +0.7% |
| Equity | 10/15 | €153,616 | €157,818 | +€4,201 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,416 | €151,618 | +€4,201 | +2.8% |
| Distributable reserves | 133 | €147,416 | €151,618 | +€4,201 | +2.8% |
| Amounts payable | 17/49 | €21,894 | €18,934 | -€2,959 | -13.5% |
| Amounts payable after more than one year | 17 | €623 | - | -€623 | |
| Financial debts | 170/4 | €623 | - | -€623 | |
| Amounts payable within one year | 42/48 | €21,270 | €17,907 | -€3,363 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €7,285 | €623 | -€6,662 | -91.4% |
| Trade debts | 44 | €1,986 | €2,284 | +€299 | +15.0% |
| Suppliers | 440/4 | €1,986 | €2,284 | +€299 | +15.0% |
| Other amounts payable | 47/48 | €12,000 | €15,000 | +€3,000 | +25.0% |
| Accrued charges and deferred income | 492/3 | - | €1,027 | +€1,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,996 | €11,800 | -€196 | -1.6% |
| Other operating charges | 640/8 | €3,311 | €3,149 | -€162 | -4.9% |
| Gross operating margin | 9900 | €42,047 | €43,222 | +€1,175 | +2.8% |
| Operating profit (loss) | 9901 | €26,740 | €28,273 | +€1,534 | +5.7% |
| Financial income | 75/76B | €265 | €196 | -€69 | -26.1% |
| Recurring financial income | 75 | €265 | €196 | -€69 | -26.1% |
| Financial charges | 65/66B | €650 | €307 | -€343 | -52.8% |
| Recurring financial charges | 65 | €650 | €307 | -€343 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €26,354 | €28,162 | +€1,807 | +6.9% |
| Income taxes | 67/77 | €8,384 | €8,960 | +€577 | +6.9% |
| Profit (loss) for the period | 9904 | €17,971 | €19,201 | +€1,231 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,971 | €19,201 | +€1,231 | +6.8% |
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 30 October 2026 via checked.be.