MALIKO CONSULT: 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.
MALIKO CONSULT
Largest movements
- Cash -€65,606
down €65,606 (-43.1%), from €152,360 to €86,754
- Tangible fixed assets -€37,620
down €37,620 (-99.3%), from €37,898 to €278
of which Furniture and vehicles: -€35,960
- Receivables within one year -€26,257
down €26,257 (-87.0%), from €30,167 to €3,910
of which Trade receivables: -€26,103
- Profit (loss) carried forward -€96,865
down €96,865 (-71.0%), from €136,401 to €39,536
- Trade debts -€16,653
down €16,653 (-84.8%), from €19,638 to €2,985
- Other debts -€15,795
down €15,795 (-41.9%), from €37,652 to €21,857
- Advances received +€3,628
new in 2025: €3,628
- Tax, wage and social debts -€3,462
no longer reported in 2025 (was €3,462)
- Gross operating margin -€59,489
down €59,489, from €23,622 to -€35,867
- Depreciation -€35,428
down €35,428 (-95.0%), from €37,295 to €1,867
- Other operating charges -€490
down €490 (-31.1%), from €1,578 to €1,088
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,413 | €97,266 | -€129,147 | -57.0% |
| Fixed assets | 21/28 | €43,018 | €5,398 | -€37,620 | -87.5% |
| Tangible fixed assets | 22/27 | €37,898 | €278 | -€37,620 | -99.3% |
| Plant, machinery and equipment | 23 | €1,938 | €278 | -€1,660 | -85.7% |
| Furniture and vehicles | 24 | €35,960 | - | -€35,960 | |
| Financial fixed assets | 28 | €5,120 | €5,120 | = | 0.0% |
| Current assets | 29/58 | €183,395 | €91,868 | -€91,527 | -49.9% |
| Amounts receivable within one year | 40/41 | €30,167 | €3,910 | -€26,257 | -87.0% |
| Trade receivables | 40 | €29,696 | €3,593 | -€26,103 | -87.9% |
| Other amounts receivable | 41 | €471 | €317 | -€154 | -32.7% |
| Cash at bank and in hand | 54/58 | €152,360 | €86,754 | -€65,606 | -43.1% |
| Deferred charges and accrued income | 490/1 | €868 | €1,204 | +€336 | +38.7% |
| Total equity and liabilities | 10/49 | €226,413 | €97,266 | -€129,147 | -57.0% |
| Equity | 10/15 | €165,661 | €68,796 | -€96,865 | -58.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,401 | €39,536 | -€96,865 | -71.0% |
| Amounts payable | 17/49 | €60,752 | €28,470 | -€32,282 | -53.1% |
| Amounts payable within one year | 42/48 | €60,752 | €28,470 | -€32,282 | -53.1% |
| Trade debts | 44 | €19,638 | €2,985 | -€16,653 | -84.8% |
| Suppliers | 440/4 | €19,638 | €2,985 | -€16,653 | -84.8% |
| Advances received on contracts in progress | 46 | - | €3,628 | +€3,628 | |
| Taxes, remuneration and social security | 45 | €3,462 | - | -€3,462 | |
| Taxes | 450/3 | €3,462 | - | -€3,462 | |
| Other amounts payable | 47/48 | €37,652 | €21,857 | -€15,795 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,295 | €1,867 | -€35,428 | -95.0% |
| Other operating charges | 640/8 | €1,578 | €1,088 | -€490 | -31.1% |
| Gross operating margin | 9900 | €23,622 | -€35,867 | -€59,489 | |
| Operating profit (loss) | 9901 | -€15,251 | -€38,822 | -€23,571 | -155% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €65 | - | -€65 | |
| Recurring financial charges | 65 | €65 | - | -€65 | |
| Profit (loss) for the period before taxes | 9903 | -€15,315 | -€38,822 | -€23,507 | -153% |
| Income taxes | 67/77 | - | €207 | +€207 | |
| Profit (loss) for the period | 9904 | -€15,315 | -€39,029 | -€23,714 | -155% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,315 | -€39,029 | -€23,714 | -155% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.