MALGO: what changed
Two fiscal 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.
MALGO
Largest movements
- Receivables within one year +€31,145
up €31,145 (+53.4%), from €58,377 to €89,522
of which Trade receivables: +€31,471
- Profit (loss) carried forward +€24,546
up €24,546 (+45.2%), from €54,255 to €78,800
- Tax, wage and social debts +€5,777
up €5,777 (+45.6%), from €12,678 to €18,456
of which Taxes: +€5,695
- Other debts +€2,244
new in 2024: €2,244
- Trade debts -€1,679
down €1,679 (-35.5%), from €4,732 to €3,053
- Gross operating margin -€26,266
down €26,266 (-32.3%), from €81,346 to €55,080
- Staff costs +€6,889
up €6,889 (+57.2%), from €12,044 to €18,933
- Taxes -€6,540
down €6,540 (-51.6%), from €12,676 to €6,136
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,665 | €108,553 | +€30,889 | +39.8% |
| Fixed assets | 21/28 | €9,610 | €8,563 | -€1,047 | -10.9% |
| Tangible fixed assets | 22/27 | €9,610 | €8,563 | -€1,047 | -10.9% |
| Plant, machinery and equipment | 23 | €2,823 | €3,387 | +€565 | +20.0% |
| Furniture and vehicles | 24 | €6,787 | €5,175 | -€1,612 | -23.7% |
| Current assets | 29/58 | €68,055 | €99,990 | +€31,936 | +46.9% |
| Amounts receivable within one year | 40/41 | €58,377 | €89,522 | +€31,145 | +53.4% |
| Trade receivables | 40 | €49,338 | €80,808 | +€31,471 | +63.8% |
| Other amounts receivable | 41 | €9,039 | €8,713 | -€326 | -3.6% |
| Cash at bank and in hand | 54/58 | €9,477 | €10,268 | +€791 | +8.3% |
| Deferred charges and accrued income | 490/1 | €201 | €201 | = | 0.0% |
| Total equity and liabilities | 10/49 | €77,665 | €108,553 | +€30,889 | +39.8% |
| Equity | 10/15 | €60,255 | €84,800 | +€24,546 | +40.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Outside capital | 11 | €6,000 | - | -€6,000 | |
| Other | 1109/19 | €6,000 | - | -€6,000 | |
| Profit (loss) carried forward | 14 | €54,255 | €78,800 | +€24,546 | +45.2% |
| Amounts payable | 17/49 | €17,410 | €23,753 | +€6,343 | +36.4% |
| Amounts payable within one year | 42/48 | €17,410 | €23,753 | +€6,343 | +36.4% |
| Trade debts | 44 | €4,732 | €3,053 | -€1,679 | -35.5% |
| Suppliers | 440/4 | €4,732 | €3,053 | -€1,679 | -35.5% |
| Taxes, remuneration and social security | 45 | €12,678 | €18,456 | +€5,777 | +45.6% |
| Taxes | 450/3 | €12,678 | €18,373 | +€5,695 | +44.9% |
| Remuneration and social security | 454/9 | - | €82 | +€82 | |
| Other amounts payable | 47/48 | - | €2,244 | +€2,244 | |
| Remuneration, social security and pensions | 62 | €12,044 | €18,933 | +€6,889 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,089 | €2,916 | -€173 | -5.6% |
| Other operating charges | 640/8 | €1,974 | €2,340 | +€366 | +18.5% |
| Gross operating margin | 9900 | €81,346 | €55,080 | -€26,266 | -32.3% |
| Operating profit (loss) | 9901 | €64,239 | €30,891 | -€33,348 | -51.9% |
| Financial income | 75/76B | €0 | €425 | +€425 | |
| Recurring financial income | 75 | €0 | €425 | +€425 | |
| Financial charges | 65/66B | €847 | €634 | -€213 | -25.1% |
| Recurring financial charges | 65 | €154 | €634 | +€480 | +311.9% |
| Non-recurring financial charges | 66B | €693 | - | -€693 | |
| Profit (loss) for the period before taxes | 9903 | €63,392 | €30,682 | -€32,710 | -51.6% |
| Income taxes | 67/77 | €12,676 | €6,136 | -€6,540 | -51.6% |
| Profit (loss) for the period | 9904 | €50,716 | €24,546 | -€26,170 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,716 | €24,546 | -€26,170 | -51.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.