MALIA: 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.
MALIA
Largest movements
- Cash +€90,181
up €90,181 (+75.2%), from €119,928 to €210,109
mainly Net result for the year (+€94,582) and Current investments (+€15,573)
- Current investments -€15,573
down €15,573 (-31.1%), from €50,000 to €34,427
- Tangible fixed assets +€6,263
up €6,263 (+17.5%), from €35,739 to €42,003
of which Furniture and vehicles: +€8,263
- Reserves +€94,582
up €94,582 (+71.2%), from €132,900 to €227,482
- Debts after one year -€8,969
down €8,969 (-100.0%), from €8,969 to €0
- Current portion of long-term debt -€5,984
down €5,984 (-40.0%), from €14,954 to €8,969
- Gross operating margin -€6,934
down €6,934 (-5.3%), from €131,530 to €124,595
- Financial income +€2,315
up €2,315 (+2619.2%), from €88 to €2,403
- Depreciation +€1,520
up €1,520 (+63.7%), from €2,387 to €3,908
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.
Cash bridge derived
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 | €220,340 | €299,885 | +€79,544 | +36.1% |
| Fixed assets | 21/28 | €35,814 | €42,078 | +€6,263 | +17.5% |
| Tangible fixed assets | 22/27 | €35,739 | €42,003 | +€6,263 | +17.5% |
| Furniture and vehicles | 24 | €6,991 | €15,254 | +€8,263 | +118.2% |
| Other tangible fixed assets | 26 | €28,749 | €26,749 | -€2,000 | -7.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €184,526 | €257,807 | +€73,281 | +39.7% |
| Amounts receivable within one year | 40/41 | €14,598 | €13,271 | -€1,327 | -9.1% |
| Trade receivables | 40 | €14,520 | €12,000 | -€2,520 | -17.4% |
| Other amounts receivable | 41 | €78 | €1,271 | +€1,193 | +1531.2% |
| Current investments | 50/53 | €50,000 | €34,427 | -€15,573 | -31.1% |
| Cash at bank and in hand | 54/58 | €119,928 | €210,109 | +€90,181 | +75.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €220,340 | €299,885 | +€79,544 | +36.1% |
| Equity | 10/15 | €137,900 | €232,482 | +€94,582 | +68.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €132,900 | €227,482 | +€94,582 | +71.2% |
| Distributable reserves | 133 | €132,900 | €227,482 | +€94,582 | +71.2% |
| Amounts payable | 17/49 | €82,440 | €67,403 | -€15,038 | -18.2% |
| Amounts payable after more than one year | 17 | €8,969 | €0 | -€8,969 | -100.0% |
| Financial debts | 170/4 | €8,969 | €0 | -€8,969 | -100.0% |
| Amounts payable within one year | 42/48 | €73,471 | €67,403 | -€6,068 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €14,954 | €8,969 | -€5,984 | -40.0% |
| Trade debts | 44 | €1,574 | €731 | -€843 | -53.5% |
| Suppliers | 440/4 | €1,574 | €731 | -€843 | -53.5% |
| Taxes, remuneration and social security | 45 | €56,223 | €57,702 | +€1,479 | +2.6% |
| Taxes | 450/3 | €51,423 | €52,902 | +€1,479 | +2.9% |
| Remuneration and social security | 454/9 | €4,800 | €4,800 | = | 0.0% |
| Other amounts payable | 47/48 | €720 | €0 | -€720 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,387 | €3,908 | +€1,520 | +63.7% |
| Other operating charges | 640/8 | €384 | €528 | +€143 | +37.3% |
| Gross operating margin | 9900 | €131,530 | €124,595 | -€6,934 | -5.3% |
| Operating profit (loss) | 9901 | €128,758 | €120,160 | -€8,598 | -6.7% |
| Financial income | 75/76B | €88 | €2,403 | +€2,315 | +2619.2% |
| Recurring financial income | 75 | €88 | €2,403 | +€2,315 | +2619.2% |
| Financial charges | 65/66B | €1,238 | €2,049 | +€811 | +65.5% |
| Recurring financial charges | 65 | €1,238 | €2,049 | +€811 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €127,608 | €120,513 | -€7,095 | -5.6% |
| Income taxes | 67/77 | €27,072 | €25,931 | -€1,140 | -4.2% |
| Profit (loss) for the period | 9904 | €100,536 | €94,582 | -€5,954 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,536 | €94,582 | -€5,954 | -5.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.