MALICOM: 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.
MALICOM
Largest movements
- Cash +€21,327
up €21,327 (+19.8%), from €107,843 to €129,170
mainly Net result for the year (+€24,290) and Depreciation (+€13,504)
- Reserves +€24,290
up €24,290 (+37.5%), from €64,763 to €89,053
of which Distributable reserves: +€24,290
- Tax, wage and social debts -€4,041
down €4,041 (-91.7%), from €4,408 to €367
- Gross operating margin +€1,262
up €1,262 (+2.5%), from €50,544 to €51,806
- Depreciation +€695
up €695 (+5.4%), from €12,809 to €13,504
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 | €347,802 | €368,050 | +€20,248 | +5.8% |
| Fixed assets | 21/28 | €238,850 | €237,721 | -€1,130 | -0.5% |
| Tangible fixed assets | 22/27 | €238,850 | €237,721 | -€1,130 | -0.5% |
| Land and buildings | 22 | €238,850 | €236,142 | -€2,708 | -1.1% |
| Plant, machinery and equipment | 23 | - | €1,578 | +€1,578 | |
| Current assets | 29/58 | €108,951 | €130,330 | +€21,378 | +19.6% |
| Cash at bank and in hand | 54/58 | €107,843 | €129,170 | +€21,327 | +19.8% |
| Deferred charges and accrued income | 490/1 | €1,108 | €1,160 | +€52 | +4.6% |
| Total equity and liabilities | 10/49 | €347,802 | €368,050 | +€20,248 | +5.8% |
| Equity | 10/15 | €343,248 | €367,537 | +€24,290 | +7.1% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Capital | 10 | €270,000 | €270,000 | = | 0.0% |
| Issued capital | 100 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €64,763 | €89,053 | +€24,290 | +37.5% |
| Non-distributable reserves | 130/1 | €27,000 | €27,000 | = | 0.0% |
| Legal reserve | 130 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €37,763 | €62,053 | +€24,290 | +64.3% |
| Profit (loss) carried forward | 14 | €8,485 | €8,485 | = | 0.0% |
| Amounts payable | 17/49 | €4,554 | €513 | -€4,041 | -88.7% |
| Amounts payable within one year | 42/48 | €4,554 | €513 | -€4,041 | -88.7% |
| Taxes, remuneration and social security | 45 | €4,408 | €367 | -€4,041 | -91.7% |
| Taxes | 450/3 | €4,408 | €367 | -€4,041 | -91.7% |
| Other amounts payable | 47/48 | €146 | €146 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,809 | €13,504 | +€695 | +5.4% |
| Other operating charges | 640/8 | €2,565 | €2,645 | +€81 | +3.2% |
| Gross operating margin | 9900 | €50,544 | €51,806 | +€1,262 | +2.5% |
| Operating profit (loss) | 9901 | €35,171 | €35,657 | +€486 | +1.4% |
| Financial charges | 65/66B | €0 | €0 | = | 0.0% |
| Recurring financial charges | 65 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €35,171 | €35,656 | +€486 | +1.4% |
| Income taxes | 67/77 | €11,408 | €11,367 | -€41 | -0.4% |
| Profit (loss) for the period | 9904 | €23,763 | €24,290 | +€527 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,763 | €24,290 | +€527 | +2.2% |
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 9 October 2026 via checked.be.