MALIK & ECO: 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.
MALIK & ECO
Largest movements
- Receivables after one year +€42,500
up €42,500 (+283%), from €15,000 to €57,500
- Receivables within one year +€10,392
up €10,392 (+37.8%), from €27,495 to €37,887
- Tangible fixed assets -€1,633
down €1,633 (-79.9%), from €2,044 to €411
- Profit (loss) carried forward +€39,040
up €39,040 (+170%), from €22,938 to €61,978
- Tax, wage and social debts +€20,468
up €20,468 (+177%), from €11,554 to €32,021
- Other debts -€3,949
down €3,949 (-98.0%), from €4,030 to €81
- Trade debts -€3,910
down €3,910 (-26.1%), from €14,956 to €11,046
- Gross operating margin +€28,569
up €28,569 (+110%), from €25,871 to €54,440
- Taxes +€5,147
up €5,147 (+101%), from €5,109 to €10,256
- Other operating charges -€1,685
down €1,685 (-36.9%), from €4,567 to €2,882
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,994 | €105,252 | +€51,259 | +94.9% |
| Fixed assets | 21/28 | €11,179 | €9,546 | -€1,633 | -14.6% |
| Tangible fixed assets | 22/27 | €2,044 | €411 | -€1,633 | -79.9% |
| Furniture and vehicles | 24 | €2,044 | €411 | -€1,633 | -79.9% |
| Financial fixed assets | 28 | €9,135 | €9,135 | = | 0.0% |
| Current assets | 29/58 | €42,815 | €95,707 | +€52,892 | +124% |
| Amounts receivable after more than one year | 29 | €15,000 | €57,500 | +€42,500 | +283% |
| Other amounts receivable | 291 | €15,000 | €57,500 | +€42,500 | +283% |
| Amounts receivable within one year | 40/41 | €27,495 | €37,887 | +€10,392 | +37.8% |
| Trade receivables | 40 | €27,495 | €37,887 | +€10,392 | +37.8% |
| Deferred charges and accrued income | 490/1 | €320 | €320 | = | 0.0% |
| Total equity and liabilities | 10/49 | €53,994 | €105,252 | +€51,259 | +94.9% |
| Equity | 10/15 | €22,938 | €61,978 | +€39,040 | +170% |
| Profit (loss) carried forward | 14 | €22,938 | €61,978 | +€39,040 | +170% |
| Amounts payable | 17/49 | €31,056 | €43,275 | +€12,219 | +39.3% |
| Amounts payable within one year | 42/48 | €31,056 | €43,275 | +€12,219 | +39.3% |
| Financial debts | 43 | €516 | €126 | -€390 | -75.5% |
| Credit institutions | 430/8 | €516 | €126 | -€390 | -75.5% |
| Trade debts | 44 | €14,956 | €11,046 | -€3,910 | -26.1% |
| Suppliers | 440/4 | €14,956 | €11,046 | -€3,910 | -26.1% |
| Taxes, remuneration and social security | 45 | €11,554 | €32,021 | +€20,468 | +177% |
| Taxes | 450/3 | €11,554 | €32,021 | +€20,468 | +177% |
| Other amounts payable | 47/48 | €4,030 | €81 | -€3,949 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,633 | €1,633 | = | 0.0% |
| Other operating charges | 640/8 | €4,567 | €2,882 | -€1,685 | -36.9% |
| Gross operating margin | 9900 | €25,871 | €54,440 | +€28,569 | +110% |
| Operating profit (loss) | 9901 | €19,670 | €49,924 | +€30,254 | +154% |
| Financial income | 75/76B | €300 | - | -€300 | |
| Recurring financial income | 75 | €300 | - | -€300 | |
| Financial charges | 65/66B | €281 | €629 | +€348 | +124% |
| Recurring financial charges | 65 | €281 | €629 | +€348 | +124% |
| Profit (loss) for the period before taxes | 9903 | €19,690 | €49,295 | +€29,605 | +150% |
| Income taxes | 67/77 | €5,109 | €10,256 | +€5,147 | +101% |
| Profit (loss) for the period | 9904 | €14,581 | €39,040 | +€24,459 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €14,581 | €39,040 | +€24,459 | +168% |
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 23 October 2026 via checked.be.