MALICHEFF: what changed
What changed
MALICHEFF
NACE 47.750, Retail sale of cosmetics and toilet articles
filed annual accounts (NBB)
Net result for the year
€31,527
2024 · €33,638-€2,111
Equity
€94,559
2024 · €63,033+€31,527
Cash
€77,359
2024 · €59,032+€18,327
Balance sheet total
€123,006
2024 · €103,818+€19,188
Largest movements
Assets
- Cash +€18,327
up €18,327 (+31.0%), from €59,032 to €77,359
mainly Net result for the year (+€31,527) and Depreciation (+€6,636)
- Tangible fixed assets +€6,111
up €6,111 (+176%), from €3,471 to €9,581
- Intangible fixed assets -€5,000
down €5,000 (-30.8%), from €16,247 to €11,247
Equity and liabilities
- Reserves +€31,527
up €31,527 (+56.8%), from €55,533 to €87,059
- Tax, wage and social debts -€9,456
down €9,456 (-58.3%), from €16,206 to €6,751
of which Taxes: -€7,109
- Debts after one year -€4,887
down €4,887 (-45.4%), from €10,774 to €5,888
- Trade debts +€1,651
up €1,651 (+112%), from €1,472 to €3,123
Income statement
- Staff costs +€1,299
up €1,299 (+25.5%), from €5,091 to €6,391
- Taxes -€817
down €817 (-5.9%), from €13,940 to €13,123
- Other operating charges +€815
up €815 (+395%), from €206 to €1,021
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,638
Gross operating margin
+€225
Staff costs
-€1,299
Depreciation
-€446
Other operating charges
-€815
Financial income
-€302
Financial charges
-€292
Taxes
+€817
Result 2025
€31,527
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,817
Investment
-€7,747
Financing
-€4,743
Cash 2024
€59,032
From operations (derived)
+€30,817
Net result for the year
+€31,527
Depreciation
+€6,636
Stocks and contracts
+€391
Receivables within one year
-€140
Deferred charges and accrued income
-€2
Trade debts
+€1,651
Tax, wage and social debts
-€9,456
Other debts
+€210
Investment (derived)
-€7,747
Investment in fixed assets (net)
-€7,747
Financing
-€4,743
Debts after one year
-€4,887
Current portion of long-term debt
+€143
Cash 2025
€77,359
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,818 | €123,006 | +€19,188 | +18.5% |
| Fixed assets | 21/28 | €22,867 | €23,978 | +€1,111 | +4.9% |
| Intangible fixed assets | 21 | €16,247 | €11,247 | -€5,000 | -30.8% |
| Tangible fixed assets | 22/27 | €3,471 | €9,581 | +€6,111 | +176% |
| Furniture and vehicles | 24 | €3,471 | €9,581 | +€6,111 | +176% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €80,951 | €99,028 | +€18,077 | +22.3% |
| Stocks and contracts in progress | 3 | €5,688 | €5,297 | -€391 | -6.9% |
| Stocks | 30/36 | €5,688 | €5,297 | -€391 | -6.9% |
| Amounts receivable within one year | 40/41 | €184 | €323 | +€140 | +76.1% |
| Trade receivables | 40 | - | €49 | +€49 | |
| Other amounts receivable | 41 | €184 | €275 | +€91 | +49.6% |
| Current investments | 50/53 | €16,000 | €16,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,032 | €77,359 | +€18,327 | +31.0% |
| Deferred charges and accrued income | 490/1 | €47 | €49 | +€2 | +3.6% |
| Total equity and liabilities | 10/49 | €103,818 | €123,006 | +€19,188 | +18.5% |
| Equity | 10/15 | €63,033 | €94,559 | +€31,527 | +50.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €55,533 | €87,059 | +€31,527 | +56.8% |
| Distributable reserves | 133 | €55,533 | €87,059 | +€31,527 | +56.8% |
| Amounts payable | 17/49 | €40,785 | €28,447 | -€12,338 | -30.3% |
| Amounts payable after more than one year | 17 | €10,774 | €5,888 | -€4,887 | -45.4% |
| Financial debts | 170/4 | €10,774 | €5,888 | -€4,887 | -45.4% |
| Amounts payable within one year | 42/48 | €30,011 | €22,559 | -€7,452 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €4,743 | €4,887 | +€143 | +3.0% |
| Trade debts | 44 | €1,472 | €3,123 | +€1,651 | +112% |
| Suppliers | 440/4 | €1,472 | €3,123 | +€1,651 | +112% |
| Taxes, remuneration and social security | 45 | €16,206 | €6,751 | -€9,456 | -58.3% |
| Taxes | 450/3 | €13,749 | €6,640 | -€7,109 | -51.7% |
| Remuneration and social security | 454/9 | €2,457 | €111 | -€2,347 | -95.5% |
| Other amounts payable | 47/48 | €7,589 | €7,799 | +€210 | +2.8% |
| Remuneration, social security and pensions | 62 | €5,091 | €6,391 | +€1,299 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,190 | €6,636 | +€446 | +7.2% |
| Other operating charges | 640/8 | €206 | €1,021 | +€815 | +395% |
| Gross operating margin | 9900 | €59,924 | €60,149 | +€225 | +0.4% |
| Operating profit (loss) | 9901 | €48,436 | €46,101 | -€2,335 | -4.8% |
| Financial income | 75/76B | €305 | €3 | -€302 | -99.2% |
| Recurring financial income | 75 | €305 | €3 | -€302 | -99.2% |
| Financial charges | 65/66B | €1,163 | €1,455 | +€292 | +25.1% |
| Recurring financial charges | 65 | €1,163 | €1,455 | +€292 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €47,578 | €44,649 | -€2,929 | -6.2% |
| Income taxes | 67/77 | €13,940 | €13,123 | -€817 | -5.9% |
| Profit (loss) for the period | 9904 | €33,638 | €31,527 | -€2,111 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,638 | €31,527 | -€2,111 | -6.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.