MALINGA: 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.
MALINGA
Largest movements
- Financial fixed assets +€1.8m
new in 2025: €1.8m
- Receivables within one year +€88,661
up €88,661 (+374.0%), from €23,707 to €112,368
of which Other amounts receivable: +€68,600
- Cash -€22,813
down €22,813 (-44.2%), from €51,577 to €28,764
mainly Investment in fixed assets (net) (-€1.8m) and Receivables within one year (-€88,661)
- Debts after one year +€1.4m
new in 2025: €1.4m
- Reserves +€222,735
up €222,735 (+312.1%), from €71,376 to €294,111
- Current portion of long-term debt +€125,620
new in 2025: €125,620
- Other debts +€116,642
up €116,642 (+12870.6%), from €906 to €117,548
- Financial income +€228,600
up €228,600 (+57149900.0%), from €0 to €228,600
- Gross operating margin +€64,586
up €64,586 (+192.6%), from €33,536 to €98,122
- Financial charges +€18,499
up €18,499 (+745.9%), from €2,480 to €20,979
- Taxes +€9,944
up €9,944 (+160.9%), from €6,179 to €16,122
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 | €90,873 | €1,997,266 | +€1.9m | +2097.9% |
| Fixed assets | 21/28 | €14,466 | €1,855,004 | +€1.8m | +12722.8% |
| Tangible fixed assets | 22/27 | €14,466 | €10,004 | -€4,463 | -30.8% |
| Plant, machinery and equipment | 23 | €2,663 | €1,689 | -€974 | -36.6% |
| Furniture and vehicles | 24 | €6,269 | €3,377 | -€2,893 | -46.1% |
| Other tangible fixed assets | 26 | €5,534 | €4,938 | -€596 | -10.8% |
| Financial fixed assets | 28 | - | €1,845,000 | +€1.8m | |
| Current assets | 29/58 | €76,407 | €142,262 | +€65,855 | +86.2% |
| Amounts receivable within one year | 40/41 | €23,707 | €112,368 | +€88,661 | +374.0% |
| Trade receivables | 40 | €23,707 | €43,768 | +€20,061 | +84.6% |
| Other amounts receivable | 41 | - | €68,600 | +€68,600 | |
| Cash at bank and in hand | 54/58 | €51,577 | €28,764 | -€22,813 | -44.2% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,130 | +€7 | +0.6% |
| Total equity and liabilities | 10/49 | €90,873 | €1,997,266 | +€1.9m | +2097.9% |
| Equity | 10/15 | €76,376 | €299,111 | +€222,735 | +291.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €71,376 | €294,111 | +€222,735 | +312.1% |
| Distributable reserves | 133 | €71,376 | €294,111 | +€222,735 | +312.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,497 | €1,698,154 | +€1.7m | +11613.9% |
| Amounts payable after more than one year | 17 | - | €1,414,380 | +€1.4m | |
| Financial debts | 170/4 | - | €1,414,380 | +€1.4m | |
| Amounts payable within one year | 42/48 | €14,497 | €265,435 | +€250,938 | +1731.0% |
| Current portion of amounts payable after more than one year | 42 | - | €125,620 | +€125,620 | |
| Trade debts | 44 | €3,605 | €3,660 | +€55 | +1.5% |
| Suppliers | 440/4 | €3,605 | €3,660 | +€55 | +1.5% |
| Taxes, remuneration and social security | 45 | €9,986 | €18,606 | +€8,620 | +86.3% |
| Taxes | 450/3 | €7,105 | €16,291 | +€9,186 | +129.3% |
| Remuneration and social security | 454/9 | €2,881 | €2,315 | -€566 | -19.6% |
| Other amounts payable | 47/48 | €906 | €117,548 | +€116,642 | +12870.6% |
| Accrued charges and deferred income | 492/3 | - | €18,340 | +€18,340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,674 | €4,463 | -€211 | -4.5% |
| Other operating charges | 640/8 | €1,043 | €1,423 | +€380 | +36.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,536 | €98,122 | +€64,586 | +192.6% |
| Operating profit (loss) | 9901 | €27,819 | €92,236 | +€64,417 | +231.6% |
| Financial income | 75/76B | €0 | €228,600 | +€228,600 | +57149900.0% |
| Recurring financial income | 75 | €0 | €228,600 | +€228,600 | +57149900.0% |
| Financial charges | 65/66B | €2,480 | €20,979 | +€18,499 | +745.9% |
| Recurring financial charges | 65 | €2,480 | €20,979 | +€18,499 | +745.9% |
| Profit (loss) for the period before taxes | 9903 | €25,340 | €299,857 | +€274,518 | +1083.3% |
| Income taxes | 67/77 | €6,179 | €16,122 | +€9,944 | +160.9% |
| Profit (loss) for the period | 9904 | €19,161 | €283,735 | +€264,574 | +1380.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,161 | €283,735 | +€264,574 | +1380.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.