MALISA 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.
MALISA CONSTRUCT
Largest movements
- Receivables after one year +€39,542
new in 2025: €39,542
- Receivables within one year +€3,786
up €3,786 (+21.4%), from €17,662 to €21,448
of which Trade receivables: +€18,450
- Debts after one year +€30,696
new in 2025: €30,696
- Current portion of long-term debt +€11,085
up €11,085 (+1494.0%), from €742 to €11,827
- Profit (loss) carried forward +€8,062
up €8,062, from -€4,727 to €3,335
- Trade debts -€4,713
down €4,713 (-67.8%), from €6,953 to €2,240
- Short-term financial debts -€2,510
no longer reported in 2025 (was €2,510)
- Gross operating margin +€14,989
up €14,989 (+6382.7%), from €235 to €15,224
- Taxes +€2,706
up €2,706 (+1123.3%), from €241 to €2,947
- Write-downs +€1,207
new in 2025: €1,207
- Financial charges +€538
up €538 (+65.1%), from €827 to €1,366
- Other operating charges +€361
up €361 (+51.4%), from €703 to €1,064
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 | €29,006 | €71,745 | +€42,739 | +147.3% |
| Fixed assets | 21/28 | €1,344 | €744 | -€600 | -44.6% |
| Tangible fixed assets | 22/27 | €1,290 | €690 | -€600 | -46.5% |
| Furniture and vehicles | 24 | €1,290 | €690 | -€600 | -46.5% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €27,662 | €71,001 | +€43,339 | +156.7% |
| Amounts receivable after more than one year | 29 | - | €39,542 | +€39,542 | |
| Other amounts receivable | 291 | - | €39,542 | +€39,542 | |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,662 | €21,448 | +€3,786 | +21.4% |
| Trade receivables | 40 | €1,507 | €19,957 | +€18,450 | +1224.6% |
| Other amounts receivable | 41 | €16,155 | €1,491 | -€14,664 | -90.8% |
| Cash at bank and in hand | 54/58 | - | €11 | +€11 | |
| Total equity and liabilities | 10/49 | €29,006 | €71,745 | +€42,739 | +147.3% |
| Equity | 10/15 | €15,733 | €23,795 | +€8,062 | +51.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,727 | €3,335 | +€8,062 | |
| Amounts payable | 17/49 | €13,273 | €47,950 | +€34,677 | +261.3% |
| Amounts payable after more than one year | 17 | - | €30,696 | +€30,696 | |
| Financial debts | 170/4 | - | €30,696 | +€30,696 | |
| Amounts payable within one year | 42/48 | €13,273 | €17,254 | +€3,981 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €742 | €11,827 | +€11,085 | +1494.0% |
| Financial debts | 43 | €2,510 | - | -€2,510 | |
| Credit institutions | 430/8 | €2,510 | - | -€2,510 | |
| Trade debts | 44 | €6,953 | €2,240 | -€4,713 | -67.8% |
| Suppliers | 440/4 | €6,953 | €2,240 | -€4,713 | -67.8% |
| Taxes, remuneration and social security | 45 | €3,068 | €3,188 | +€120 | +3.9% |
| Taxes | 450/3 | €3,068 | €3,188 | +€120 | +3.9% |
| Non-recurring operating income | 76A | €16,063 | - | -€16,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594 | €600 | +€6 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,207 | +€1,207 | |
| Other operating charges | 640/8 | €703 | €1,064 | +€361 | +51.4% |
| Gross operating margin | 9900 | €235 | €15,224 | +€14,989 | +6382.7% |
| Operating profit (loss) | 9901 | -€1,062 | €12,354 | +€13,416 | |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €827 | €1,366 | +€538 | +65.1% |
| Recurring financial charges | 65 | €827 | €1,366 | +€538 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,889 | €11,009 | +€12,898 | |
| Income taxes | 67/77 | €241 | €2,947 | +€2,706 | +1123.3% |
| Profit (loss) for the period | 9904 | -€2,130 | €8,062 | +€10,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,130 | €8,062 | +€10,192 |
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 9 October 2026 via checked.be.