MALINE: 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.
MALINE
Largest movements
- Receivables within one year +€28,920
up €28,920 (+32.9%), from €87,908 to €116,828
of which Other amounts receivable: +€27,204
- Tangible fixed assets -€25,430
down €25,430 (-57.4%), from €44,291 to €18,861
of which Furniture and vehicles: -€23,236
- Cash -€15,929
down €15,929 (-84.9%), from €18,773 to €2,844
mainly Receivables within one year (-€28,920) and Other debts (-€21,516)
- Other debts -€21,516
no longer reported in 2026 (was €21,516)
- Reserves +€8,085
up €8,085 (+4.5%), from €179,594 to €187,679
- Debts after one year -€7,434
down €7,434 (-92.2%), from €8,066 to €632
- Tax, wage and social debts +€6,700
up €6,700 (+147%), from €4,562 to €11,262
- Trade debts +€2,964
up €2,964 (+10.0%), from €29,715 to €32,679
- Gross operating margin -€39,527
down €39,527 (-63.7%), from €62,072 to €22,545
- Taxes -€6,866
down €6,866 (-37.9%), from €18,129 to €11,262
- Depreciation -€4,883
down €4,883 (-58.2%), from €8,387 to €3,504
- Financial charges +€3,706
up €3,706 (+164%), from €2,254 to €5,960
- Financial income +€784
up €784 (+11.9%), from €6,584 to €7,368
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €250,621 | €239,686 | -€10,936 | -4.4% |
| Fixed assets | 21/28 | €44,291 | €18,861 | -€25,430 | -57.4% |
| Tangible fixed assets | 22/27 | €44,291 | €18,861 | -€25,430 | -57.4% |
| Plant, machinery and equipment | 23 | €196 | - | -€196 | |
| Furniture and vehicles | 24 | €27,454 | €4,217 | -€23,236 | -84.6% |
| Other tangible fixed assets | 26 | €16,641 | €14,644 | -€1,997 | -12.0% |
| Current assets | 29/58 | €206,331 | €220,825 | +€14,494 | +7.0% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,418 | €6,677 | +€1,259 | +23.2% |
| Stocks | 30/36 | €5,418 | €6,677 | +€1,259 | +23.2% |
| Amounts receivable within one year | 40/41 | €87,908 | €116,828 | +€28,920 | +32.9% |
| Trade receivables | 40 | €11,388 | €13,104 | +€1,716 | +15.1% |
| Other amounts receivable | 41 | €76,520 | €103,724 | +€27,204 | +35.6% |
| Cash at bank and in hand | 54/58 | €18,773 | €2,844 | -€15,929 | -84.9% |
| Deferred charges and accrued income | 490/1 | €4,232 | €4,476 | +€244 | +5.8% |
| Total equity and liabilities | 10/49 | €250,621 | €239,686 | -€10,936 | -4.4% |
| Equity | 10/15 | €179,594 | €187,679 | +€8,085 | +4.5% |
| Reserves | 13 | €179,594 | €187,679 | +€8,085 | +4.5% |
| Distributable reserves | 133 | €179,594 | €187,679 | +€8,085 | +4.5% |
| Amounts payable | 17/49 | €71,027 | €52,006 | -€19,021 | -26.8% |
| Amounts payable after more than one year | 17 | €8,066 | €632 | -€7,434 | -92.2% |
| Financial debts | 170/4 | €8,066 | €632 | -€7,434 | -92.2% |
| Amounts payable within one year | 42/48 | €62,961 | €51,374 | -€11,587 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €7,169 | €7,434 | +€265 | +3.7% |
| Trade debts | 44 | €29,715 | €32,679 | +€2,964 | +10.0% |
| Suppliers | 440/4 | €29,715 | €32,679 | +€2,964 | +10.0% |
| Taxes, remuneration and social security | 45 | €4,562 | €11,262 | +€6,700 | +147% |
| Taxes | 450/3 | €4,562 | €11,262 | +€6,700 | +147% |
| Other amounts payable | 47/48 | €21,516 | - | -€21,516 | |
| Non-recurring operating income | 76A | - | €23,817 | +€23,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,387 | €3,504 | -€4,883 | -58.2% |
| Other operating charges | 640/8 | €864 | €1,101 | +€236 | +27.3% |
| Gross operating margin | 9900 | €62,072 | €22,545 | -€39,527 | -63.7% |
| Operating profit (loss) | 9901 | €52,820 | €17,940 | -€34,880 | -66.0% |
| Financial income | 75/76B | €6,584 | €7,368 | +€784 | +11.9% |
| Recurring financial income | 75 | €6,584 | €7,368 | +€784 | +11.9% |
| Financial charges | 65/66B | €2,254 | €5,960 | +€3,706 | +164% |
| Recurring financial charges | 65 | €2,254 | €5,960 | +€3,706 | +164% |
| Profit (loss) for the period before taxes | 9903 | €57,150 | €19,348 | -€37,802 | -66.1% |
| Income taxes | 67/77 | €18,129 | €11,262 | -€6,866 | -37.9% |
| Profit (loss) for the period | 9904 | €39,021 | €8,085 | -€30,936 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,021 | €8,085 | -€30,936 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.