MALIJO: 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.
MALIJO
Largest movements
- Cash -€14,193
down €14,193 (-82.4%), from €17,228 to €3,035
mainly Net result for the year (-€16,444) and Receivables within one year (-€8,888)
- Receivables within one year +€8,888
up €8,888 (+94.4%), from €9,420 to €18,307
of which Trade receivables: +€11,003
- Tangible fixed assets -€4,219
down €4,219 (-31.4%), from €13,455 to €9,236
- Profit (loss) carried forward -€16,444
down €16,444, from €0 to -€16,444
- Trade debts +€13,743
up €13,743 (+1,896%), from €725 to €14,468
- Debts after one year -€4,368
down €4,368 (-62.3%), from €7,010 to €2,642
- Tax, wage and social debts -€2,649
down €2,649 (-29.3%), from €9,031 to €6,381
- Gross operating margin -€37,383
down €37,383, from €26,255 to -€11,128
- Taxes -€4,335
down €4,335 (-100.0%), from €4,335 to €0
- Depreciation +€1,672
up €1,672 (+65.6%), from €2,547 to €4,219
- Financial income +€293
new in 2025: €293
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.
Derived cash bridge
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 | €40,196 | €30,673 | -€9,523 | -23.7% |
| Fixed assets | 21/28 | €13,455 | €9,236 | -€4,219 | -31.4% |
| Tangible fixed assets | 22/27 | €13,455 | €9,236 | -€4,219 | -31.4% |
| Furniture and vehicles | 24 | €13,455 | €9,236 | -€4,219 | -31.4% |
| Current assets | 29/58 | €26,741 | €21,437 | -€5,304 | -19.8% |
| Amounts receivable within one year | 40/41 | €9,420 | €18,307 | +€8,888 | +94.4% |
| Trade receivables | 40 | €6,193 | €17,196 | +€11,003 | +178% |
| Other amounts receivable | 41 | €3,227 | €1,112 | -€2,115 | -65.5% |
| Cash at bank and in hand | 54/58 | €17,228 | €3,035 | -€14,193 | -82.4% |
| Deferred charges and accrued income | 490/1 | €93 | €95 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €40,196 | €30,673 | -€9,523 | -23.7% |
| Equity | 10/15 | €19,258 | €2,814 | -€16,444 | -85.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,058 | €13,058 | = | 0.0% |
| Distributable reserves | 133 | €13,058 | €13,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€16,444 | -€16,444 | |
| Amounts payable | 17/49 | €20,938 | €27,859 | +€6,922 | +33.1% |
| Amounts payable after more than one year | 17 | €7,010 | €2,642 | -€4,368 | -62.3% |
| Financial debts | 170/4 | €7,010 | €2,642 | -€4,368 | -62.3% |
| Amounts payable within one year | 42/48 | €13,928 | €25,217 | +€11,290 | +81.1% |
| Current portion of amounts payable after more than one year | 42 | €4,172 | €4,368 | +€196 | +4.7% |
| Trade debts | 44 | €725 | €14,468 | +€13,743 | +1,896% |
| Suppliers | 440/4 | €725 | €14,468 | +€13,743 | +1,896% |
| Taxes, remuneration and social security | 45 | €9,031 | €6,381 | -€2,649 | -29.3% |
| Taxes | 450/3 | €9,031 | €6,381 | -€2,649 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,547 | €4,219 | +€1,672 | +65.6% |
| Other operating charges | 640/8 | €883 | €640 | -€243 | -27.5% |
| Non-recurring operating charges | 66A | €3,199 | €0 | -€3,199 | -100% |
| Gross operating margin | 9900 | €26,255 | -€11,128 | -€37,383 | |
| Operating profit (loss) | 9901 | €19,626 | -€15,987 | -€35,613 | |
| Financial income | 75/76B | - | €293 | +€293 | |
| Recurring financial income | 75 | - | €293 | +€293 | |
| Financial charges | 65/66B | €603 | €750 | +€147 | +24.5% |
| Recurring financial charges | 65 | €603 | €750 | +€147 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €19,023 | -€16,444 | -€35,467 | |
| Income taxes | 67/77 | €4,335 | €0 | -€4,335 | -100.0% |
| Profit (loss) for the period | 9904 | €14,688 | -€16,444 | -€31,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,688 | -€16,444 | -€31,132 |
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 15 October 2026 via checked.be.