MALIMAY: 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.
MALIMAY
Largest movements
- Stocks and contracts +€7,746
up €7,746 (+25.0%), from €30,984 to €38,730
- Intangible fixed assets -€5,000
down €5,000 (-44.4%), from €11,250 to €6,250
- Receivables within one year -€2,026
down €2,026 (-74.3%), from €2,728 to €702
of which Other amounts receivable: -€2,728
- Cash -€1,275
down €1,275 (-44.7%), from €2,853 to €1,578
mainly Other debts (-€8,533) and Stocks and contracts (-€7,746)
- Tangible fixed assets -€784
down €784 (-80.9%), from €969 to €185
- Other debts -€8,533
down €8,533 (-35.7%), from €23,900 to €15,367
- Tax, wage and social debts +€3,652
up €3,652 (+264.2%), from €1,382 to €5,034
- Reserves +€2,108
up €2,108 (+20.9%), from €10,076 to €12,184
- Trade debts +€1,434
up €1,434 (+13.2%), from €10,897 to €12,331
- Turnover -€5,063
down €5,063 (-8.2%), from €62,024 to €56,960
- Purchases and services -€5,038
down €5,038 (-9.4%), from €53,501 to €48,463
- Other operating charges -€1,873
down €1,873 (-80.1%), from €2,338 to €465
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 | €48,784 | €47,445 | -€1,340 | -2.7% |
| Fixed assets | 21/28 | €12,219 | €6,435 | -€5,784 | -47.3% |
| Intangible fixed assets | 21 | €11,250 | €6,250 | -€5,000 | -44.4% |
| Tangible fixed assets | 22/27 | €969 | €185 | -€784 | -80.9% |
| Furniture and vehicles | 24 | €969 | €185 | -€784 | -80.9% |
| Current assets | 29/58 | €36,565 | €41,010 | +€4,445 | +12.2% |
| Stocks and contracts in progress | 3 | €30,984 | €38,730 | +€7,746 | +25.0% |
| Stocks | 30/36 | €30,984 | €38,730 | +€7,746 | +25.0% |
| Amounts receivable within one year | 40/41 | €2,728 | €702 | -€2,026 | -74.3% |
| Trade receivables | 40 | - | €702 | +€702 | |
| Other amounts receivable | 41 | €2,728 | - | -€2,728 | |
| Cash at bank and in hand | 54/58 | €2,853 | €1,578 | -€1,275 | -44.7% |
| Total equity and liabilities | 10/49 | €48,784 | €47,445 | -€1,340 | -2.7% |
| Equity | 10/15 | €12,605 | €14,713 | +€2,108 | +16.7% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €10,076 | €12,184 | +€2,108 | +20.9% |
| Distributable reserves | 133 | €10,076 | €12,184 | +€2,108 | +20.9% |
| Profit (loss) carried forward | 14 | -€11,671 | -€11,671 | = | 0.0% |
| Amounts payable | 17/49 | €36,179 | €32,732 | -€3,447 | -9.5% |
| Amounts payable within one year | 42/48 | €36,179 | €32,732 | -€3,447 | -9.5% |
| Trade debts | 44 | €10,897 | €12,331 | +€1,434 | +13.2% |
| Suppliers | 440/4 | €10,897 | €12,331 | +€1,434 | +13.2% |
| Taxes, remuneration and social security | 45 | €1,382 | €5,034 | +€3,652 | +264.2% |
| Taxes | 450/3 | €1,382 | €5,034 | +€3,652 | +264.2% |
| Other amounts payable | 47/48 | €23,900 | €15,367 | -€8,533 | -35.7% |
| Turnover | 70 | €62,024 | €56,960 | -€5,063 | -8.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,501 | €48,463 | -€5,038 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,895 | €5,784 | -€110 | -1.9% |
| Other operating charges | 640/8 | €2,338 | €465 | -€1,873 | -80.1% |
| Gross operating margin | 9900 | €8,523 | €8,498 | -€25 | -0.3% |
| Operating profit (loss) | 9901 | €291 | €2,249 | +€1,958 | +673.6% |
| Financial charges | 65/66B | €107 | €141 | +€34 | +31.5% |
| Recurring financial charges | 65 | €107 | €141 | +€34 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €184 | €2,108 | +€1,924 | +1048.6% |
| Profit (loss) for the period | 9904 | €184 | €2,108 | +€1,924 | +1048.6% |
| Profit (loss) for the period to be appropriated | 9905 | €184 | €2,108 | +€1,924 | +1048.6% |
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 2 October 2026 via checked.be.