MALINDA: 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.
MALINDA
Largest movements
- Stocks and contracts +€39,724
up €39,724 (+45.6%), from €87,180 to €126,904
- Tangible fixed assets -€33,079
down €33,079 (-98.7%), from €33,503 to €424
of which Furniture and vehicles: -€32,932
- Intangible fixed assets -€1,500
down €1,500 (-13.3%), from €11,250 to €9,750
- Trade debts -€37,903
down €37,903 (-68.9%), from €55,046 to €17,142
- Debts after one year +€34,000
up €34,000 (+56.7%), from €60,000 to €94,000
- Profit (loss) carried forward +€5,231
up €5,231 (+152.4%), from €3,431 to €8,662
- Tax, wage and social debts +€3,254
up €3,254 (+165.9%), from €1,961 to €5,215
- Gross operating margin +€3,654
up €3,654 (+35.1%), from €10,425 to €14,079
- Taxes +€3,351
new in 2025: €3,351
- Financial charges +€2,610
up €2,610 (+1354.2%), from €193 to €2,803
- Other operating charges -€597
down €597 (-37.8%), from €1,580 to €983
- Depreciation -€453
down €453 (-20.9%), from €2,165 to €1,712
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 | €139,113 | €143,767 | +€4,654 | +3.3% |
| Formation expenses | 20 | €965 | €728 | -€237 | -24.5% |
| Fixed assets | 21/28 | €49,548 | €14,969 | -€34,579 | -69.8% |
| Intangible fixed assets | 21 | €11,250 | €9,750 | -€1,500 | -13.3% |
| Tangible fixed assets | 22/27 | €33,503 | €424 | -€33,079 | -98.7% |
| Plant, machinery and equipment | 23 | €147 | - | -€147 | |
| Furniture and vehicles | 24 | €33,357 | €424 | -€32,932 | -98.7% |
| Financial fixed assets | 28 | €4,795 | €4,795 | = | 0.0% |
| Current assets | 29/58 | €88,599 | €128,069 | +€39,470 | +44.5% |
| Stocks and contracts in progress | 3 | €87,180 | €126,904 | +€39,724 | +45.6% |
| Stocks | 30/36 | €87,180 | €126,904 | +€39,724 | +45.6% |
| Cash at bank and in hand | 54/58 | €767 | €1,082 | +€315 | +41.0% |
| Deferred charges and accrued income | 490/1 | €652 | €83 | -€569 | -87.2% |
| Total equity and liabilities | 10/49 | €139,113 | €143,767 | +€4,654 | +3.3% |
| Equity | 10/15 | €22,031 | €27,262 | +€5,231 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €3,431 | €8,662 | +€5,231 | +152.4% |
| Amounts payable | 17/49 | €117,081 | €116,505 | -€576 | -0.5% |
| Amounts payable after more than one year | 17 | €60,000 | €94,000 | +€34,000 | +56.7% |
| Other amounts payable | 178/9 | €60,000 | €94,000 | +€34,000 | +56.7% |
| Amounts payable within one year | 42/48 | €57,007 | €22,357 | -€34,649 | -60.8% |
| Trade debts | 44 | €55,046 | €17,142 | -€37,903 | -68.9% |
| Suppliers | 440/4 | €55,046 | €17,142 | -€37,903 | -68.9% |
| Taxes, remuneration and social security | 45 | €1,961 | €5,215 | +€3,254 | +165.9% |
| Taxes | 450/3 | €1,961 | €5,215 | +€3,254 | +165.9% |
| Accrued charges and deferred income | 492/3 | €74 | €148 | +€73 | +98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,165 | €1,712 | -€453 | -20.9% |
| Other operating charges | 640/8 | €1,580 | €983 | -€597 | -37.8% |
| Gross operating margin | 9900 | €10,425 | €14,079 | +€3,654 | +35.1% |
| Operating profit (loss) | 9901 | €6,680 | €11,384 | +€4,704 | +70.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.4% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.4% |
| Financial charges | 65/66B | €193 | €2,803 | +€2,610 | +1354.2% |
| Recurring financial charges | 65 | €193 | €2,803 | +€2,610 | +1354.2% |
| Profit (loss) for the period before taxes | 9903 | €6,491 | €8,581 | +€2,091 | +32.2% |
| Income taxes | 67/77 | - | €3,351 | +€3,351 | |
| Profit (loss) for the period | 9904 | €6,491 | €5,231 | -€1,260 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,491 | €5,231 | -€1,260 | -19.4% |
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.