MALIKOV: 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.
MALIKOV
Largest movements
- Receivables within one year -€11,311
down €11,311 (-51.8%), from €21,833 to €10,522
of which Trade receivables: -€12,784
- Tangible fixed assets +€9,979
up €9,979 (+27.9%), from €35,793 to €45,771
of which Land and buildings: +€10,746
- Cash +€2,561
up €2,561 (+1.6%), from €156,928 to €159,489
mainly Net result for the year (+€59,901) and Receivables within one year (+€11,311)
- Profit (loss) carried forward +€19,901
up €19,901 (+16.9%), from €117,538 to €137,440
- Other debts -€12,704
down €12,704 (-23.9%), from €53,238 to €40,534
- Tax, wage and social debts -€3,529
down €3,529 (-17.0%), from €20,709 to €17,180
of which Taxes: -€4,565
- Trade debts -€2,427
down €2,427 (-77.0%), from €3,151 to €725
- Gross operating margin -€24,471
down €24,471 (-17.6%), from €139,359 to €114,888
- Taxes -€4,165
down €4,165 (-14.7%), from €28,406 to €24,241
- Staff costs -€3,679
down €3,679 (-11.8%), from €31,152 to €27,473
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 | €215,111 | €216,338 | +€1,228 | +0.6% |
| Fixed assets | 21/28 | €35,793 | €45,771 | +€9,979 | +27.9% |
| Tangible fixed assets | 22/27 | €35,793 | €45,771 | +€9,979 | +27.9% |
| Land and buildings | 22 | €34,650 | €45,396 | +€10,746 | +31.0% |
| Plant, machinery and equipment | 23 | €447 | - | -€447 | |
| Furniture and vehicles | 24 | €695 | €375 | -€320 | -46.1% |
| Current assets | 29/58 | €179,318 | €170,567 | -€8,751 | -4.9% |
| Amounts receivable within one year | 40/41 | €21,833 | €10,522 | -€11,311 | -51.8% |
| Trade receivables | 40 | €21,833 | €9,049 | -€12,784 | -58.6% |
| Other amounts receivable | 41 | - | €1,473 | +€1,473 | |
| Cash at bank and in hand | 54/58 | €156,928 | €159,489 | +€2,561 | +1.6% |
| Deferred charges and accrued income | 490/1 | €556 | €556 | = | 0.0% |
| Total equity and liabilities | 10/49 | €215,111 | €216,338 | +€1,228 | +0.6% |
| Equity | 10/15 | €137,998 | €157,900 | +€19,901 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,538 | €137,440 | +€19,901 | +16.9% |
| Amounts payable | 17/49 | €77,112 | €58,439 | -€18,673 | -24.2% |
| Amounts payable within one year | 42/48 | €77,098 | €58,439 | -€18,660 | -24.2% |
| Trade debts | 44 | €3,151 | €725 | -€2,427 | -77.0% |
| Suppliers | 440/4 | €3,151 | €725 | -€2,427 | -77.0% |
| Taxes, remuneration and social security | 45 | €20,709 | €17,180 | -€3,529 | -17.0% |
| Taxes | 450/3 | €18,100 | €13,535 | -€4,565 | -25.2% |
| Remuneration and social security | 454/9 | €2,609 | €3,644 | +€1,036 | +39.7% |
| Other amounts payable | 47/48 | €53,238 | €40,534 | -€12,704 | -23.9% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Remuneration, social security and pensions | 62 | €31,152 | €27,473 | -€3,679 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,267 | €2,527 | +€1,261 | +99.5% |
| Other operating charges | 640/8 | €1,500 | €1,204 | -€296 | -19.8% |
| Gross operating margin | 9900 | €139,359 | €114,888 | -€24,471 | -17.6% |
| Operating profit (loss) | 9901 | €105,440 | €83,684 | -€21,756 | -20.6% |
| Financial income | 75/76B | €1,516 | €804 | -€711 | -46.9% |
| Recurring financial income | 75 | €1,516 | €804 | -€711 | -46.9% |
| Financial charges | 65/66B | €150 | €346 | +€196 | +131% |
| Recurring financial charges | 65 | €150 | €346 | +€196 | +131% |
| Profit (loss) for the period before taxes | 9903 | €106,805 | €84,143 | -€22,663 | -21.2% |
| Income taxes | 67/77 | €28,406 | €24,241 | -€4,165 | -14.7% |
| Profit (loss) for the period | 9904 | €78,399 | €59,901 | -€18,498 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,399 | €59,901 | -€18,498 | -23.6% |
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 24 October 2026 via checked.be.