Malimo: 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.
Malimo
Largest movements
- Cash +€160,876
up €160,876 (+85.4%), from €188,381 to €349,257
mainly Net result for the year (+€165,720) and Depreciation (+€138,878)
- Tangible fixed assets -€138,878
down €138,878 (-6.6%), from €2.1m to €2.0m
- Receivables within one year +€116,500
up €116,500 (+4.0%), from €2.9m to €3.0m
of which Trade receivables: +€71,280
- Reserves +€165,720
up €165,720 (+6.4%), from €2.6m to €2.8m
of which Distributable reserves: +€200,026
- Gross operating margin +€200,808
up €200,808 (+66.7%), from €301,255 to €502,063
- Taxes +€48,241
up €48,241 (+378.8%), from €12,733 to €60,974
- Financial income -€6,767
down €6,767 (-12.9%), from €52,260 to €45,493
- Financial charges -€5,078
down €5,078 (-2.7%), from €185,021 to €179,943
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 | €6,013,425 | €6,154,986 | +€141,561 | +2.4% |
| Fixed assets | 21/28 | €2,107,368 | €1,968,490 | -€138,878 | -6.6% |
| Tangible fixed assets | 22/27 | €2,107,368 | €1,968,490 | -€138,878 | -6.6% |
| Land and buildings | 22 | €2,107,368 | €1,968,490 | -€138,878 | -6.6% |
| Current assets | 29/58 | €3,906,057 | €4,186,496 | +€280,439 | +7.2% |
| Amounts receivable within one year | 40/41 | €2,912,032 | €3,028,533 | +€116,500 | +4.0% |
| Trade receivables | 40 | €0 | €71,280 | +€71,280 | |
| Other amounts receivable | 41 | €2,912,032 | €2,957,253 | +€45,220 | +1.6% |
| Current investments | 50/53 | €153,743 | €153,743 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €188,381 | €349,257 | +€160,876 | +85.4% |
| Deferred charges and accrued income | 490/1 | €651,901 | €654,964 | +€3,063 | +0.5% |
| Total equity and liabilities | 10/49 | €6,013,425 | €6,154,986 | +€141,561 | +2.4% |
| Equity | 10/15 | €2,620,048 | €2,785,768 | +€165,720 | +6.3% |
| Contributions | 10/11 | €31,644 | €31,644 | = | 0.0% |
| Reserves | 13 | €2,588,404 | €2,754,124 | +€165,720 | +6.4% |
| Tax-exempt reserves | 132 | €274,448 | €240,142 | -€34,306 | -12.5% |
| Distributable reserves | 133 | €2,313,957 | €2,513,982 | +€200,026 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,770,883 | €2,743,336 | -€27,547 | -1.0% |
| Provisions for liabilities and charges | 160/5 | €2,629,501 | €2,619,627 | -€9,874 | -0.4% |
| Other liabilities and charges | 164/5 | €2,629,501 | €2,619,627 | -€9,874 | -0.4% |
| Deferred taxes | 168 | €141,382 | €123,709 | -€17,673 | -12.5% |
| Amounts payable | 17/49 | €622,493 | €625,882 | +€3,389 | +0.5% |
| Amounts payable after more than one year | 17 | €47,915 | €39,239 | -€8,676 | -18.1% |
| Financial debts | 170/4 | €47,915 | €39,239 | -€8,676 | -18.1% |
| Amounts payable within one year | 42/48 | €498,197 | €514,902 | +€16,705 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €8,538 | €8,676 | +€138 | +1.6% |
| Trade debts | 44 | €266 | €14,173 | +€13,907 | +5228.6% |
| Suppliers | 440/4 | €266 | €14,173 | +€13,907 | +5228.6% |
| Taxes, remuneration and social security | 45 | €16,100 | €20,400 | +€4,300 | +26.7% |
| Taxes | 450/3 | €11,800 | €11,800 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,300 | €8,600 | +€4,300 | +100.0% |
| Other amounts payable | 47/48 | €473,293 | €471,654 | -€1,639 | -0.3% |
| Accrued charges and deferred income | 492/3 | €76,381 | €71,740 | -€4,641 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,404 | €138,878 | +€1,474 | +1.1% |
| Other operating charges | 640/8 | €19,668 | €19,714 | +€47 | +0.2% |
| Gross operating margin | 9900 | €301,255 | €502,063 | +€200,808 | +66.7% |
| Operating profit (loss) | 9901 | €144,183 | €343,471 | +€199,288 | +138.2% |
| Financial income | 75/76B | €52,260 | €45,493 | -€6,767 | -12.9% |
| Recurring financial income | 75 | €52,260 | €45,493 | -€6,767 | -12.9% |
| Financial charges | 65/66B | €185,021 | €179,943 | -€5,078 | -2.7% |
| Recurring financial charges | 65 | €185,021 | €179,943 | -€5,078 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €11,422 | €209,021 | +€197,599 | +1729.9% |
| Transfer from deferred taxes | 780 | €17,673 | €17,673 | = | 0.0% |
| Income taxes | 67/77 | €12,733 | €60,974 | +€48,241 | +378.8% |
| Profit (loss) for the period | 9904 | €16,362 | €165,720 | +€149,358 | +912.9% |
| Transfer from tax-exempt reserves | 789 | €34,306 | €34,306 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,668 | €200,026 | +€149,358 | +294.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.