MALISE: 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.
MALISE
Largest movements
- Tangible fixed assets -€47,171
no longer reported in 2025 (was €47,171)
- Cash +€35,978
up €35,978 (+73.8%), from €48,737 to €84,715
mainly Investment in fixed assets (net) (+€47,171) and Net result for the year (+€42,205)
- Receivables within one year -€5,984
down €5,984 (-2.7%), from €225,616 to €219,632
of which Trade receivables: -€4,304
- Tax, wage and social debts -€19,580
down €19,580 (-48.8%), from €40,126 to €20,545
of which Taxes: -€11,725
- Gross operating margin -€62,267
down €62,267 (-49.4%), from €126,143 to €63,876
- Taxes -€18,889
down €18,889 (-46.9%), from €40,254 to €21,365
- Financial income +€5,457
new in 2025: €5,457
- Other operating charges +€2,970
up €2,970 (+159%), from €1,864 to €4,834
- Depreciation -€1,943
no longer reported in 2025 (was €1,943)
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.
Derived cash bridge
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 | €321,525 | €304,347 | -€17,178 | -5.3% |
| Fixed assets | 21/28 | €47,171 | - | -€47,171 | |
| Tangible fixed assets | 22/27 | €47,171 | - | -€47,171 | |
| Land and buildings | 22 | €47,171 | - | -€47,171 | |
| Current assets | 29/58 | €274,353 | €304,347 | +€29,993 | +10.9% |
| Amounts receivable within one year | 40/41 | €225,616 | €219,632 | -€5,984 | -2.7% |
| Trade receivables | 40 | €4,410 | €106 | -€4,304 | -97.6% |
| Other amounts receivable | 41 | €221,206 | €219,525 | -€1,681 | -0.8% |
| Cash at bank and in hand | 54/58 | €48,737 | €84,715 | +€35,978 | +73.8% |
| Total equity and liabilities | 10/49 | €321,525 | €304,347 | -€17,178 | -5.3% |
| Equity | 10/15 | €281,399 | €283,604 | +€2,205 | +0.8% |
| Reserves | 13 | €281,399 | €283,604 | +€2,205 | +0.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €279,539 | €283,604 | +€4,065 | +1.5% |
| Amounts payable | 17/49 | €40,126 | €20,743 | -€19,383 | -48.3% |
| Amounts payable within one year | 42/48 | €40,126 | €20,743 | -€19,383 | -48.3% |
| Trade debts | 44 | - | €197 | +€197 | |
| Suppliers | 440/4 | - | €197 | +€197 | |
| Taxes, remuneration and social security | 45 | €40,126 | €20,545 | -€19,580 | -48.8% |
| Taxes | 450/3 | €32,271 | €20,545 | -€11,725 | -36.3% |
| Remuneration and social security | 454/9 | €7,855 | - | -€7,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,943 | - | -€1,943 | |
| Other operating charges | 640/8 | €1,864 | €4,834 | +€2,970 | +159% |
| Gross operating margin | 9900 | €126,143 | €63,876 | -€62,267 | -49.4% |
| Operating profit (loss) | 9901 | €122,336 | €59,042 | -€63,294 | -51.7% |
| Financial income | 75/76B | - | €5,457 | +€5,457 | |
| Recurring financial income | 75 | - | €5,457 | +€5,457 | |
| Financial charges | 65/66B | €125 | €929 | +€804 | +642% |
| Recurring financial charges | 65 | €125 | €929 | +€804 | +642% |
| Profit (loss) for the period before taxes | 9903 | €122,210 | €63,570 | -€58,641 | -48.0% |
| Income taxes | 67/77 | €40,254 | €21,365 | -€18,889 | -46.9% |
| Profit (loss) for the period | 9904 | €81,956 | €42,205 | -€39,751 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,956 | €42,205 | -€39,751 | -48.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.