MALIMMO: 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.
MALIMMO
Largest movements
- Receivables within one year -€28,644
no longer reported in 2025 (was €28,644)
- Cash -€20,683
down €20,683 (-98.2%), from €21,053 to €369
mainly Other debts (-€42,438) and Net result for the year (-€5,181)
- Other debts -€42,438
down €42,438 (-53.6%), from €79,250 to €36,812
- Profit (loss) carried forward -€5,181
down €5,181 (-23.0%), from -€22,511 to -€27,693
- Gross operating margin +€2,281
up €2,281 (+89.7%), from -€2,544 to -€263
- Financial charges -€1,416
down €1,416 (-24.5%), from €5,784 to €4,368
- Other operating charges -€173
down €173 (-23.9%), from €723 to €550
- Depreciation -€84
no longer reported in 2025 (was €84)
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 | €178,743 | €129,416 | -€49,327 | -27.6% |
| Current assets | 29/58 | €178,743 | €129,416 | -€49,327 | -27.6% |
| Stocks and contracts in progress | 3 | €129,047 | €129,047 | = | 0.0% |
| Stocks | 30/36 | €129,047 | €129,047 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,644 | - | -€28,644 | |
| Other amounts receivable | 41 | €28,644 | - | -€28,644 | |
| Cash at bank and in hand | 54/58 | €21,053 | €369 | -€20,683 | -98.2% |
| Total equity and liabilities | 10/49 | €178,743 | €129,416 | -€49,327 | -27.6% |
| Equity | 10/15 | -€2,511 | -€7,693 | -€5,181 | -206.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,511 | -€27,693 | -€5,181 | -23.0% |
| Amounts payable | 17/49 | €181,255 | €137,109 | -€44,146 | -24.4% |
| Amounts payable after more than one year | 17 | €99,892 | €99,892 | = | 0.0% |
| Financial debts | 170/4 | €99,892 | €99,892 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,363 | €37,217 | -€44,146 | -54.3% |
| Trade debts | 44 | €2,113 | €406 | -€1,707 | -80.8% |
| Suppliers | 440/4 | €2,113 | €406 | -€1,707 | -80.8% |
| Other amounts payable | 47/48 | €79,250 | €36,812 | -€42,438 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84 | - | -€84 | |
| Other operating charges | 640/8 | €723 | €550 | -€173 | -23.9% |
| Gross operating margin | 9900 | -€2,544 | -€263 | +€2,281 | +89.7% |
| Operating profit (loss) | 9901 | -€3,351 | -€813 | +€2,538 | +75.7% |
| Financial charges | 65/66B | €5,784 | €4,368 | -€1,416 | -24.5% |
| Recurring financial charges | 65 | €5,784 | €4,368 | -€1,416 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,135 | -€5,181 | +€3,954 | +43.3% |
| Profit (loss) for the period | 9904 | -€9,135 | -€5,181 | +€3,954 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,135 | -€5,181 | +€3,954 | +43.3% |
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 5 October 2026 via checked.be.