MaLiBe: 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.
MaLiBe
Largest movements
- Cash +€21,703
up €21,703 (+18.6%), from €116,476 to €138,179
mainly Net result for the year (+€144,894) and Other debts (+€17,673)
- Receivables within one year -€4,824
down €4,824 (-21.3%), from €22,655 to €17,830
of which Trade receivables: -€4,716
- Other debts +€17,673
up €17,673 (+13.9%), from €127,221 to €144,894
- Gross operating margin +€35,769
up €35,769 (+22.3%), from €160,548 to €196,318
- Taxes +€13,136
up €13,136 (+35.6%), from €36,940 to €50,076
- Financial income -€3,609
down €3,609 (-80.8%), from €4,467 to €858
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 | €141,738 | €159,186 | +€17,448 | +12.3% |
| Fixed assets | 21/28 | €793 | €1,564 | +€771 | +97.3% |
| Tangible fixed assets | 22/27 | €793 | €1,564 | +€771 | +97.3% |
| Plant, machinery and equipment | 23 | - | €1,290 | +€1,290 | |
| Furniture and vehicles | 24 | €793 | €273 | -€519 | -65.5% |
| Current assets | 29/58 | €140,946 | €157,622 | +€16,676 | +11.8% |
| Amounts receivable within one year | 40/41 | €22,655 | €17,830 | -€4,824 | -21.3% |
| Trade receivables | 40 | €21,504 | €16,789 | -€4,716 | -21.9% |
| Other amounts receivable | 41 | €1,150 | €1,042 | -€109 | -9.4% |
| Cash at bank and in hand | 54/58 | €116,476 | €138,179 | +€21,703 | +18.6% |
| Deferred charges and accrued income | 490/1 | €1,815 | €1,612 | -€203 | -11.2% |
| Total equity and liabilities | 10/49 | €141,738 | €159,186 | +€17,448 | +12.3% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €139,738 | €157,186 | +€17,448 | +12.5% |
| Amounts payable within one year | 42/48 | €139,738 | €157,186 | +€17,448 | +12.5% |
| Trade debts | 44 | €347 | €959 | +€612 | +176.3% |
| Suppliers | 440/4 | €347 | €959 | +€612 | +176.3% |
| Taxes, remuneration and social security | 45 | €12,170 | €11,332 | -€837 | -6.9% |
| Taxes | 450/3 | €12,170 | €11,332 | -€837 | -6.9% |
| Other amounts payable | 47/48 | €127,221 | €144,894 | +€17,673 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,034 | €745 | -€289 | -28.0% |
| Other operating charges | 640/8 | €976 | €750 | -€226 | -23.1% |
| Gross operating margin | 9900 | €160,548 | €196,318 | +€35,769 | +22.3% |
| Operating profit (loss) | 9901 | €158,539 | €194,823 | +€36,284 | +22.9% |
| Financial income | 75/76B | €4,467 | €858 | -€3,609 | -80.8% |
| Recurring financial income | 75 | €4,467 | €858 | -€3,609 | -80.8% |
| Financial charges | 65/66B | €504 | €711 | +€207 | +41.1% |
| Recurring financial charges | 65 | €504 | €711 | +€207 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €162,502 | €194,970 | +€32,468 | +20.0% |
| Income taxes | 67/77 | €36,940 | €50,076 | +€13,136 | +35.6% |
| Profit (loss) for the period | 9904 | €125,562 | €144,894 | +€19,332 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €125,562 | €144,894 | +€19,332 | +15.4% |
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 10 October 2026 via checked.be.