MALIK NWK: 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 NWK
Largest movements
- Cash +€136,377
up €136,377 (+1,281%), from €10,646 to €147,022
mainly Net result for the year (+€89,591) and Receivables within one year (+€65,865)
- Receivables within one year -€65,865
down €65,865 (-45.6%), from €144,431 to €78,565
of which Other amounts receivable: -€74,404
- Tangible fixed assets +€20,128
up €20,128 (+12.4%), from €162,878 to €183,005
of which Furniture and vehicles: +€20,762
- Reserves +€89,591
up €89,591 (+96.9%), from €92,470 to €182,061
- Tax, wage and social debts +€33,604
up €33,604 (+215%), from €15,599 to €49,203
of which Taxes: +€34,532
- Debts after one year -€12,496
down €12,496 (-8.8%), from €141,421 to €128,925
- Other debts -€7,307
down €7,307 (-40.1%), from €18,230 to €10,922
- Current portion of long-term debt -€7,050
down €7,050 (-36.1%), from €19,547 to €12,496
- Gross operating margin +€100,615
up €100,615 (+52.4%), from €192,187 to €292,802
- Taxes +€34,086
up €34,086 (+906%), from €3,764 to €37,850
- Depreciation +€14,674
up €14,674 (+42.8%), from €34,263 to €48,937
- Staff costs +€5,815
up €5,815 (+6.9%), from €84,433 to €90,249
- Financial charges +€3,858
up €3,858 (+29.7%), from €13,000 to €16,857
of which Non-recurring financial charges: +€3,520
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 | €318,455 | €410,478 | +€92,023 | +28.9% |
| Fixed assets | 21/28 | €163,378 | €183,505 | +€20,128 | +12.3% |
| Tangible fixed assets | 22/27 | €162,878 | €183,005 | +€20,128 | +12.4% |
| Plant, machinery and equipment | 23 | €1,701 | €1,066 | -€635 | -37.3% |
| Furniture and vehicles | 24 | €161,177 | €181,939 | +€20,762 | +12.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €155,077 | €226,972 | +€71,896 | +46.4% |
| Amounts receivable within one year | 40/41 | €144,431 | €78,565 | -€65,865 | -45.6% |
| Trade receivables | 40 | €68,053 | €76,592 | +€8,539 | +12.5% |
| Other amounts receivable | 41 | €76,378 | €1,974 | -€74,404 | -97.4% |
| Cash at bank and in hand | 54/58 | €10,646 | €147,022 | +€136,377 | +1,281% |
| Deferred charges and accrued income | 490/1 | - | €1,385 | +€1,385 | |
| Total equity and liabilities | 10/49 | €318,455 | €410,478 | +€92,023 | +28.9% |
| Equity | 10/15 | €111,070 | €200,661 | +€89,591 | +80.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,470 | €182,061 | +€89,591 | +96.9% |
| Distributable reserves | 133 | €92,470 | €182,061 | +€89,591 | +96.9% |
| Amounts payable | 17/49 | €207,385 | €209,817 | +€2,433 | +1.2% |
| Amounts payable after more than one year | 17 | €141,421 | €128,925 | -€12,496 | -8.8% |
| Financial debts | 170/4 | €141,421 | €128,925 | -€12,496 | -8.8% |
| Amounts payable within one year | 42/48 | €65,963 | €80,893 | +€14,929 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €19,547 | €12,496 | -€7,050 | -36.1% |
| Trade debts | 44 | €12,589 | €8,271 | -€4,317 | -34.3% |
| Suppliers | 440/4 | €12,589 | €8,271 | -€4,317 | -34.3% |
| Taxes, remuneration and social security | 45 | €15,599 | €49,203 | +€33,604 | +215% |
| Taxes | 450/3 | €3,701 | €38,233 | +€34,532 | +933% |
| Remuneration and social security | 454/9 | €11,897 | €10,970 | -€928 | -7.8% |
| Other amounts payable | 47/48 | €18,230 | €10,922 | -€7,307 | -40.1% |
| Non-recurring operating income | 76A | €28,099 | €2,479 | -€25,620 | -91.2% |
| Remuneration, social security and pensions | 62 | €84,433 | €90,249 | +€5,815 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,263 | €48,937 | +€14,674 | +42.8% |
| Other operating charges | 640/8 | €8,492 | €9,606 | +€1,114 | +13.1% |
| Non-recurring operating charges | 66A | €347 | - | -€347 | |
| Gross operating margin | 9900 | €192,187 | €292,802 | +€100,615 | +52.4% |
| Operating profit (loss) | 9901 | €64,652 | €144,010 | +€79,359 | +123% |
| Financial income | 75/76B | €13 | €287 | +€274 | +2,052% |
| Recurring financial income | 75 | €13 | €287 | +€274 | +2,052% |
| Financial charges | 65/66B | €13,000 | €16,857 | +€3,858 | +29.7% |
| Recurring financial charges | 65 | €13,000 | €13,337 | +€338 | +2.6% |
| Non-recurring financial charges | 66B | - | €3,520 | +€3,520 | |
| Profit (loss) for the period before taxes | 9903 | €51,665 | €127,440 | +€75,775 | +147% |
| Income taxes | 67/77 | €3,764 | €37,850 | +€34,086 | +906% |
| Profit (loss) for the period | 9904 | €47,901 | €89,591 | +€41,689 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,901 | €89,591 | +€41,689 | +87.0% |
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 18 October 2026 via checked.be.