MALIEBIE: 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.
MALIEBIE
Largest movements
- Cash +€72,540
up €72,540 (+21.6%), from €335,893 to €408,432
mainly Receivables within one year (+€27,192) and Net result for the year (+€22,374)
- Receivables within one year -€27,192
down €27,192 (-36.2%), from €75,107 to €47,915
of which Other amounts receivable: -€14,725
- Tangible fixed assets -€11,024
down €11,024 (-39.9%), from €27,613 to €16,589
of which Furniture and vehicles: -€9,675
- Reserves +€22,374
up €22,374 (+8595.9%), from €260 to €22,635
of which Distributable reserves: +€22,374
- Tax, wage and social debts +€9,779
up €9,779 (+68.1%), from €14,369 to €24,148
of which Taxes: +€8,760
- Gross operating margin -€29,081
down €29,081 (-24.2%), from €120,126 to €91,044
- Taxes +€7,785
up €7,785 (+167.7%), from €4,643 to €12,428
- Depreciation -€7,281
down €7,281 (-39.1%), from €18,642 to €11,361
- Other operating charges -€5,071
down €5,071 (-82.7%), from €6,132 to €1,061
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 | €438,613 | €472,936 | +€34,323 | +7.8% |
| Fixed assets | 21/28 | €27,613 | €16,589 | -€11,024 | -39.9% |
| Tangible fixed assets | 22/27 | €27,613 | €16,589 | -€11,024 | -39.9% |
| Plant, machinery and equipment | 23 | €1,698 | €1,158 | -€540 | -31.8% |
| Furniture and vehicles | 24 | €22,285 | €12,610 | -€9,675 | -43.4% |
| Other tangible fixed assets | 26 | €3,630 | €2,821 | -€809 | -22.3% |
| Current assets | 29/58 | €411,000 | €456,347 | +€45,347 | +11.0% |
| Amounts receivable within one year | 40/41 | €75,107 | €47,915 | -€27,192 | -36.2% |
| Trade receivables | 40 | €17,262 | €4,795 | -€12,467 | -72.2% |
| Other amounts receivable | 41 | €57,845 | €43,120 | -€14,725 | -25.5% |
| Cash at bank and in hand | 54/58 | €335,893 | €408,432 | +€72,540 | +21.6% |
| Total equity and liabilities | 10/49 | €438,613 | €472,936 | +€34,323 | +7.8% |
| Equity | 10/15 | €421,184 | €443,558 | +€22,374 | +5.3% |
| Contributions | 10/11 | €2,603 | €2,603 | = | 0.0% |
| Capital | 10 | €2,603 | €2,603 | = | 0.0% |
| Issued capital | 100 | €2,603 | €2,603 | = | 0.0% |
| Reserves | 13 | €260 | €22,635 | +€22,374 | +8595.9% |
| Non-distributable reserves | 130/1 | €260 | €260 | = | 0.0% |
| Legal reserve | 130 | €260 | €260 | = | 0.0% |
| Distributable reserves | 133 | - | €22,374 | +€22,374 | |
| Profit (loss) carried forward | 14 | €418,320 | €418,320 | = | 0.0% |
| Amounts payable | 17/49 | €17,429 | €29,378 | +€11,949 | +68.6% |
| Amounts payable within one year | 42/48 | €14,429 | €26,378 | +€11,949 | +82.8% |
| Trade debts | 44 | €60 | €2,230 | +€2,169 | +3592.4% |
| Suppliers | 440/4 | €60 | €2,230 | +€2,169 | +3592.4% |
| Taxes, remuneration and social security | 45 | €14,369 | €24,148 | +€9,779 | +68.1% |
| Taxes | 450/3 | €8,768 | €17,528 | +€8,760 | +99.9% |
| Remuneration and social security | 454/9 | €5,601 | €6,620 | +€1,019 | +18.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €44,134 | €43,871 | -€263 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,642 | €11,361 | -€7,281 | -39.1% |
| Other operating charges | 640/8 | €6,132 | €1,061 | -€5,071 | -82.7% |
| Gross operating margin | 9900 | €120,126 | €91,044 | -€29,081 | -24.2% |
| Operating profit (loss) | 9901 | €51,217 | €34,752 | -€16,465 | -32.1% |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Profit (loss) for the period before taxes | 9903 | €51,217 | €34,802 | -€16,415 | -32.0% |
| Income taxes | 67/77 | €4,643 | €12,428 | +€7,785 | +167.7% |
| Profit (loss) for the period | 9904 | €46,574 | €22,374 | -€24,200 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,574 | €22,374 | -€24,200 | -52.0% |
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.