MALI: 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.
MALI
Largest movements
- Tangible fixed assets +€501,470
up €501,470 (+26.8%), from €1.9m to €2.4m
of which Land and buildings: +€504,211
- Cash +€90,873
up €90,873 (+10,295%), from €883 to €91,756
mainly Other debts (+€322,629) and Debts after one year (+€320,611)
- Deferred charges and accrued income +€30,821
up €30,821 (+524%), from €5,879 to €36,700
- Other debts +€322,629
up €322,629 (+38.4%), from €839,209 to €1.2m
- Debts after one year +€320,611
up €320,611 (+63.4%), from €505,422 to €826,033
- Trade debts +€133,233
up €133,233 (+43.0%), from €309,874 to €443,107
- Profit (loss) carried forward -€114,134
down €114,134 (-30.6%), from -€372,612 to -€486,746
- Gross operating margin +€139,395
up €139,395, from -€115,960 to €23,434
- Depreciation +€30,683
up €30,683 (+40.8%), from €75,183 to €105,866
- Financial charges +€29,424
up €29,424 (+131%), from €22,397 to €51,822
- Other operating charges +€5,673
up €5,673 (+83.4%), from €6,800 to €12,473
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 | €2,195,916 | €2,827,327 | +€631,411 | +28.8% |
| Fixed assets | 21/28 | €1,870,471 | €2,371,941 | +€501,470 | +26.8% |
| Tangible fixed assets | 22/27 | €1,870,471 | €2,371,941 | +€501,470 | +26.8% |
| Land and buildings | 22 | €1,859,747 | €2,363,958 | +€504,211 | +27.1% |
| Plant, machinery and equipment | 23 | €10,724 | €7,982 | -€2,741 | -25.6% |
| Current assets | 29/58 | €325,446 | €455,387 | +€129,941 | +39.9% |
| Stocks and contracts in progress | 3 | €275,152 | €275,152 | = | 0.0% |
| Stocks | 30/36 | €275,152 | €275,152 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,422 | €51,779 | +€9,357 | +22.1% |
| Trade receivables | 40 | €39,500 | €50,000 | +€10,500 | +26.6% |
| Other amounts receivable | 41 | €2,922 | €1,779 | -€1,143 | -39.1% |
| Current investments | 50/53 | €1,110 | €0 | -€1,110 | -100% |
| Cash at bank and in hand | 54/58 | €883 | €91,756 | +€90,873 | +10,295% |
| Deferred charges and accrued income | 490/1 | €5,879 | €36,700 | +€30,821 | +524% |
| Total equity and liabilities | 10/49 | €2,195,916 | €2,827,327 | +€631,411 | +28.8% |
| Equity | 10/15 | €316,463 | €178,169 | -€138,295 | -43.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €627,102 | €602,941 | -€24,160 | -3.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €577,404 | €553,244 | -€24,160 | -4.2% |
| Distributable reserves | 133 | €43,500 | €43,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€372,612 | -€486,746 | -€114,134 | -30.6% |
| Provisions and deferred taxes | 16 | €192,468 | €184,415 | -€8,053 | -4.2% |
| Deferred taxes | 168 | €192,468 | €184,415 | -€8,053 | -4.2% |
| Amounts payable | 17/49 | €1,686,985 | €2,464,744 | +€777,759 | +46.1% |
| Amounts payable after more than one year | 17 | €505,422 | €826,033 | +€320,611 | +63.4% |
| Financial debts | 170/4 | €505,422 | €826,033 | +€320,611 | +63.4% |
| Amounts payable within one year | 42/48 | €1,181,562 | €1,638,711 | +€457,149 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €32,479 | €33,766 | +€1,287 | +4.0% |
| Trade debts | 44 | €309,874 | €443,107 | +€133,233 | +43.0% |
| Suppliers | 440/4 | €309,874 | €443,107 | +€133,233 | +43.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €839,209 | €1,161,838 | +€322,629 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,183 | €105,866 | +€30,683 | +40.8% |
| Other operating charges | 640/8 | €6,800 | €12,473 | +€5,673 | +83.4% |
| Gross operating margin | 9900 | -€115,960 | €23,434 | +€139,395 | |
| Operating profit (loss) | 9901 | -€197,942 | -€94,904 | +€103,038 | +52.1% |
| Financial income | 75/76B | €39 | €386 | +€346 | +881% |
| Recurring financial income | 75 | €39 | €386 | +€346 | +881% |
| Financial charges | 65/66B | €22,397 | €51,822 | +€29,424 | +131% |
| Recurring financial charges | 65 | €22,397 | €51,822 | +€29,424 | +131% |
| Profit (loss) for the period before taxes | 9903 | -€220,301 | -€146,340 | +€73,960 | +33.6% |
| Transfer from deferred taxes | 780 | €8,053 | €8,053 | -€0 | 0.0% |
| Income taxes | 67/77 | €0 | €8 | +€8 | |
| Profit (loss) for the period | 9904 | -€212,247 | -€138,295 | +€73,952 | +34.8% |
| Transfer from tax-exempt reserves | 789 | €24,160 | €24,160 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€188,087 | -€114,134 | +€73,952 | +39.3% |
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 20 October 2026 via checked.be.