MALIN CONSTRUCT: 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.
MALIN CONSTRUCT
Largest movements
- Cash +€17,813
up €17,813 (+377.1%), from €4,723 to €22,536
mainly Net result for the year (+€19,225) and Trade debts (+€5,105)
- Tangible fixed assets +€765
up €765 (+35.6%), from €2,151 to €2,916
- Profit (loss) carried forward +€19,225
up €19,225 (+68.9%), from -€27,883 to -€8,658
- Other debts -€5,618
no longer reported in 2025 (was €5,618)
- Trade debts +€5,105
up €5,105 (+118.3%), from €4,316 to €9,421
- Gross operating margin +€30,456
up €30,456, from -€8,939 to €21,517
- Depreciation +€500
up €500 (+83.9%), from €596 to €1,097
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 | €7,285 | €25,996 | +€18,711 | +256.9% |
| Fixed assets | 21/28 | €2,151 | €2,916 | +€765 | +35.6% |
| Tangible fixed assets | 22/27 | €2,151 | €2,916 | +€765 | +35.6% |
| Plant, machinery and equipment | 23 | €2,151 | €2,916 | +€765 | +35.6% |
| Current assets | 29/58 | €5,134 | €23,080 | +€17,946 | +349.5% |
| Amounts receivable within one year | 40/41 | €411 | €544 | +€133 | +32.4% |
| Other amounts receivable | 41 | €411 | €544 | +€133 | +32.4% |
| Cash at bank and in hand | 54/58 | €4,723 | €22,536 | +€17,813 | +377.1% |
| Total equity and liabilities | 10/49 | €7,285 | €25,996 | +€18,711 | +256.9% |
| Equity | 10/15 | -€2,650 | €16,575 | +€19,225 | |
| Reserves | 13 | €25,233 | €25,233 | = | 0.0% |
| Distributable reserves | 133 | €25,233 | €25,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,883 | -€8,658 | +€19,225 | +68.9% |
| Amounts payable | 17/49 | €9,935 | €9,421 | -€513 | -5.2% |
| Amounts payable within one year | 42/48 | €9,935 | €9,421 | -€513 | -5.2% |
| Trade debts | 44 | €4,316 | €9,421 | +€5,105 | +118.3% |
| Suppliers | 440/4 | €4,316 | €9,421 | +€5,105 | +118.3% |
| Other amounts payable | 47/48 | €5,618 | - | -€5,618 | |
| Remuneration, social security and pensions | 62 | €319 | €380 | +€61 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €1,097 | +€500 | +83.9% |
| Other operating charges | 640/8 | €330 | €400 | +€69 | +21.0% |
| Gross operating margin | 9900 | -€8,939 | €21,517 | +€30,456 | |
| Operating profit (loss) | 9901 | -€10,185 | €19,640 | +€29,825 | |
| Financial charges | 65/66B | €493 | €416 | -€77 | -15.7% |
| Recurring financial charges | 65 | €493 | €416 | -€77 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,678 | €19,225 | +€29,903 | |
| Profit (loss) for the period | 9904 | -€10,678 | €19,225 | +€29,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,678 | €19,225 | +€29,903 |
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 12 October 2026 via checked.be.