MALIBU: 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.
MALIBU
Largest movements
- Cash +€42,316
up €42,316 (+93.0%), from €45,495 to €87,811
mainly Receivables within one year (+€17,206) and Net result for the year (+€12,133)
- Receivables within one year -€17,206
down €17,206 (-90.7%), from €18,968 to €1,762
- Tangible fixed assets +€6,680
up €6,680 (+51.1%), from €13,067 to €19,747
of which Plant, machinery and equipment: +€8,086
- Profit (loss) carried forward +€12,133
up €12,133 (+47.4%), from -€25,588 to -€13,455
- Current portion of long-term debt +€12,009
up €12,009 (+69.1%), from €17,368 to €29,377
- Trade debts +€11,595
up €11,595 (+47.9%), from €24,198 to €35,792
- Debts after one year -€8,470
down €8,470 (-22.1%), from €38,283 to €29,813
- Tax, wage and social debts +€4,817
up €4,817 (+68.0%), from €7,087 to €11,903
of which Remuneration and social security: +€3,666
- Gross operating margin +€7,786
up €7,786 (+18.0%), from €43,250 to €51,036
- Staff costs +€4,641
up €4,641 (+23.1%), from €20,123 to €24,764
- Financial charges +€2,382
up €2,382 (+27.1%), from €8,800 to €11,181
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 | €81,881 | €113,891 | +€32,010 | +39.1% |
| Fixed assets | 21/28 | €13,067 | €19,747 | +€6,680 | +51.1% |
| Tangible fixed assets | 22/27 | €13,067 | €19,747 | +€6,680 | +51.1% |
| Land and buildings | 22 | €5,069 | €4,524 | -€546 | -10.8% |
| Plant, machinery and equipment | 23 | - | €8,086 | +€8,086 | |
| Furniture and vehicles | 24 | €7,997 | €7,137 | -€860 | -10.8% |
| Current assets | 29/58 | €68,814 | €94,144 | +€25,329 | +36.8% |
| Stocks and contracts in progress | 3 | €4,351 | €4,570 | +€219 | +5.0% |
| Stocks | 30/36 | €4,351 | €4,570 | +€219 | +5.0% |
| Amounts receivable within one year | 40/41 | €18,968 | €1,762 | -€17,206 | -90.7% |
| Other amounts receivable | 41 | €18,968 | €1,762 | -€17,206 | -90.7% |
| Cash at bank and in hand | 54/58 | €45,495 | €87,811 | +€42,316 | +93.0% |
| Total equity and liabilities | 10/49 | €81,881 | €113,891 | +€32,010 | +39.1% |
| Equity | 10/15 | -€5,128 | €7,005 | +€12,133 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,588 | -€13,455 | +€12,133 | +47.4% |
| Amounts payable | 17/49 | €87,010 | €106,886 | +€19,876 | +22.8% |
| Amounts payable after more than one year | 17 | €38,283 | €29,813 | -€8,470 | -22.1% |
| Financial debts | 170/4 | €38,283 | €29,813 | -€8,470 | -22.1% |
| Amounts payable within one year | 42/48 | €48,727 | €77,073 | +€28,346 | +58.2% |
| Current portion of amounts payable after more than one year | 42 | €17,368 | €29,377 | +€12,009 | +69.1% |
| Financial debts | 43 | €74 | - | -€74 | |
| Credit institutions | 430/8 | €74 | - | -€74 | |
| Trade debts | 44 | €24,198 | €35,792 | +€11,595 | +47.9% |
| Suppliers | 440/4 | €24,198 | €35,792 | +€11,595 | +47.9% |
| Taxes, remuneration and social security | 45 | €7,087 | €11,903 | +€4,817 | +68.0% |
| Taxes | 450/3 | €5,306 | €6,456 | +€1,150 | +21.7% |
| Remuneration and social security | 454/9 | €1,781 | €5,448 | +€3,666 | +205.9% |
| Remuneration, social security and pensions | 62 | €20,123 | €24,764 | +€4,641 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,088 | €1,770 | -€318 | -15.2% |
| Other operating charges | 640/8 | €1,173 | €1,188 | +€15 | +1.3% |
| Gross operating margin | 9900 | €43,250 | €51,036 | +€7,786 | +18.0% |
| Operating profit (loss) | 9901 | €19,866 | €23,315 | +€3,448 | +17.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +233.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +233.3% |
| Financial charges | 65/66B | €8,800 | €11,181 | +€2,382 | +27.1% |
| Recurring financial charges | 65 | €8,800 | €11,181 | +€2,382 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €11,067 | €12,133 | +€1,066 | +9.6% |
| Profit (loss) for the period | 9904 | €11,067 | €12,133 | +€1,066 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,067 | €12,133 | +€1,066 | +9.6% |
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 11 October 2026 via checked.be.