MALIGUPA: what changed
Two fiscal 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.
MALIGUPA
Largest movements
- Cash +€16,537
up €16,537 (+66.4%), from €24,919 to €41,456
mainly Other debts (+€26,455) and Net result for the year (+€20,160)
- Tangible fixed assets +€2,335
up €2,335 (+7.2%), from €32,375 to €34,710
of which Other tangible fixed assets: +€5,800
- Deferred charges and accrued income +€794
up €794 (+286.4%), from €277 to €1,071
- Other debts +€26,455
up €26,455 (+455.0%), from €5,814 to €32,269
- Reserves -€7,812
down €7,812 (-100.0%), from €7,812 to €0
- Tax, wage and social debts +€5,924
up €5,924 (+64.8%), from €9,140 to €15,063
- Debts after one year -€5,554
down €5,554 (-21.1%), from €26,314 to €20,760
- Trade debts +€3,277
up €3,277 (+533.9%), from €614 to €3,891
- Gross operating margin +€17,363
up €17,363 (+62.3%), from €27,850 to €45,213
- Taxes +€4,349
up €4,349 (+81.2%), from €5,357 to €9,706
- Financial charges +€924
up €924 (+16.2%), from €5,712 to €6,636
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 | €57,571 | €77,237 | +€19,666 | +34.2% |
| Fixed assets | 21/28 | €32,375 | €34,710 | +€2,335 | +7.2% |
| Tangible fixed assets | 22/27 | €32,375 | €34,710 | +€2,335 | +7.2% |
| Plant, machinery and equipment | 23 | €707 | €330 | -€377 | -53.3% |
| Furniture and vehicles | 24 | €31,668 | €28,580 | -€3,088 | -9.8% |
| Other tangible fixed assets | 26 | - | €5,800 | +€5,800 | |
| Current assets | 29/58 | €25,197 | €42,527 | +€17,331 | +68.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €24,919 | €41,456 | +€16,537 | +66.4% |
| Deferred charges and accrued income | 490/1 | €277 | €1,071 | +€794 | +286.4% |
| Total equity and liabilities | 10/49 | €57,571 | €77,237 | +€19,666 | +34.2% |
| Equity | 10/15 | €9,312 | €1,500 | -€7,812 | -83.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €7,812 | €0 | -€7,812 | -100.0% |
| Distributable reserves | 133 | €7,812 | €0 | -€7,812 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,259 | €75,737 | +€27,478 | +56.9% |
| Amounts payable after more than one year | 17 | €26,314 | €20,760 | -€5,554 | -21.1% |
| Financial debts | 170/4 | €26,314 | €20,760 | -€5,554 | -21.1% |
| Amounts payable within one year | 42/48 | €21,945 | €54,977 | +€33,032 | +150.5% |
| Current portion of amounts payable after more than one year | 42 | €6,378 | €3,754 | -€2,624 | -41.1% |
| Trade debts | 44 | €614 | €3,891 | +€3,277 | +533.9% |
| Suppliers | 440/4 | €614 | €3,891 | +€3,277 | +533.9% |
| Taxes, remuneration and social security | 45 | €9,140 | €15,063 | +€5,924 | +64.8% |
| Taxes | 450/3 | €9,140 | €15,063 | +€5,924 | +64.8% |
| Other amounts payable | 47/48 | €5,814 | €32,269 | +€26,455 | +455.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,164 | €7,786 | -€378 | -4.6% |
| Other operating charges | 640/8 | €987 | €1,040 | +€52 | +5.3% |
| Gross operating margin | 9900 | €27,850 | €45,213 | +€17,363 | +62.3% |
| Operating profit (loss) | 9901 | €18,699 | €36,387 | +€17,689 | +94.6% |
| Financial income | 75/76B | €45 | €115 | +€70 | +155.5% |
| Recurring financial income | 75 | €45 | €115 | +€70 | +155.5% |
| Financial charges | 65/66B | €5,712 | €6,636 | +€924 | +16.2% |
| Recurring financial charges | 65 | €5,712 | €6,636 | +€924 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €13,032 | €29,866 | +€16,834 | +129.2% |
| Income taxes | 67/77 | €5,357 | €9,706 | +€4,349 | +81.2% |
| Profit (loss) for the period | 9904 | €7,675 | €20,160 | +€12,485 | +162.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,675 | €20,160 | +€12,485 | +162.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.