MALiM: what changed
Two fiscal 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.
MALiM
Largest movements
- Cash -€26,533
down €26,533 (-99.9%), from €26,563 to €30
mainly Current investments (-€24,900) and Receivables within one year (-€4,320)
- Current investments +€24,900
new in 2025: €24,900
No liability line moved by more than 1% of the balance sheet total.
- Taxes +€619
up €619 (+282.9%), from €219 to €838
- Financial income -€357
down €357 (-49.0%), from €729 to €372
- Other operating charges +€52
up €52 (+5.4%), from €962 to €1,014
- Gross operating margin -€39
down €39 (-1.2%), from €3,136 to €3,097
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.
Cash bridge derived
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 | €735,189 | €737,875 | +€2,686 | +0.4% |
| Fixed assets | 21/28 | €708,600 | €708,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €708,600 | €708,600 | = | 0.0% |
| Land and buildings | 22 | €708,600 | €708,600 | = | 0.0% |
| Current assets | 29/58 | €26,589 | €29,275 | +€2,686 | +10.1% |
| Amounts receivable within one year | 40/41 | €26 | €4,346 | +€4,320 | +16386.8% |
| Trade receivables | 40 | - | €4,346 | +€4,346 | |
| Other amounts receivable | 41 | €26 | - | -€26 | |
| Current investments | 50/53 | - | €24,900 | +€24,900 | |
| Cash at bank and in hand | 54/58 | €26,563 | €30 | -€26,533 | -99.9% |
| Total equity and liabilities | 10/49 | €735,189 | €737,875 | +€2,686 | +0.4% |
| Equity | 10/15 | €735,052 | €736,638 | +€1,587 | +0.2% |
| Contributions | 10/11 | €733,600 | €733,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,452 | €3,038 | +€1,587 | +109.3% |
| Amounts payable | 17/49 | €138 | €1,237 | +€1,099 | +798.7% |
| Amounts payable within one year | 42/48 | €138 | €1,237 | +€1,099 | +798.7% |
| Trade debts | 44 | €138 | €736 | +€599 | +434.9% |
| Suppliers | 440/4 | €138 | €736 | +€599 | +434.9% |
| Taxes, remuneration and social security | 45 | - | €501 | +€501 | |
| Taxes | 450/3 | - | €501 | +€501 | |
| Other operating charges | 640/8 | €962 | €1,014 | +€52 | +5.4% |
| Gross operating margin | 9900 | €3,136 | €3,097 | -€39 | -1.2% |
| Operating profit (loss) | 9901 | €2,173 | €2,083 | -€91 | -4.2% |
| Financial income | 75/76B | €729 | €372 | -€357 | -49.0% |
| Recurring financial income | 75 | €729 | €372 | -€357 | -49.0% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €2,874 | €2,424 | -€449 | -15.6% |
| Income taxes | 67/77 | €219 | €838 | +€619 | +282.9% |
| Profit (loss) for the period | 9904 | €2,655 | €1,587 | -€1,068 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,655 | €1,587 | -€1,068 | -40.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.