MALISTA: 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.
MALISTA
Largest movements
- Current investments +€180,000
new in 2025: €180,000
- Cash -€128,951
down €128,951 (-45.6%), from €283,039 to €154,088
mainly Current investments (-€180,000) and Contributions, distributions and other (-€88,235)
- Intangible fixed assets -€26,000
down €26,000 (-26.7%), from €97,500 to €71,500
- Tangible fixed assets -€17,635
down €17,635 (-26.6%), from €66,313 to €48,678
of which Other tangible fixed assets: -€16,254
- Receivables within one year -€11,262
down €11,262 (-67.9%), from €16,583 to €5,321
of which Other amounts receivable: -€8,494
- Debts after one year -€53,099
down €53,099 (-93.7%), from €56,657 to €3,558
- Other debts +€46,166
up €46,166 (+27.7%), from €166,940 to €213,105
- Profit (loss) carried forward +€16,427
up €16,427 (+6.9%), from €237,367 to €253,793
- Staff costs +€16,524
up €16,524 (+10.5%), from €158,014 to €174,538
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 | €606,171 | €611,123 | +€4,952 | +0.8% |
| Fixed assets | 21/28 | €164,011 | €120,376 | -€43,635 | -26.6% |
| Intangible fixed assets | 21 | €97,500 | €71,500 | -€26,000 | -26.7% |
| Tangible fixed assets | 22/27 | €66,313 | €48,678 | -€17,635 | -26.6% |
| Plant, machinery and equipment | 23 | €1,329 | €656 | -€673 | -50.6% |
| Furniture and vehicles | 24 | €3,773 | €3,066 | -€708 | -18.8% |
| Other tangible fixed assets | 26 | €61,211 | €44,956 | -€16,254 | -26.6% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €442,160 | €490,747 | +€48,587 | +11.0% |
| Stocks and contracts in progress | 3 | €141,880 | €149,656 | +€7,776 | +5.5% |
| Stocks | 30/36 | €141,880 | €149,656 | +€7,776 | +5.5% |
| Amounts receivable within one year | 40/41 | €16,583 | €5,321 | -€11,262 | -67.9% |
| Trade receivables | 40 | €4,301 | €1,533 | -€2,768 | -64.4% |
| Other amounts receivable | 41 | €12,282 | €3,788 | -€8,494 | -69.2% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €283,039 | €154,088 | -€128,951 | -45.6% |
| Deferred charges and accrued income | 490/1 | €658 | €1,683 | +€1,024 | +155.6% |
| Total equity and liabilities | 10/49 | €606,171 | €611,123 | +€4,952 | +0.8% |
| Equity | 10/15 | €255,967 | €272,393 | +€16,427 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,367 | €253,793 | +€16,427 | +6.9% |
| Amounts payable | 17/49 | €350,204 | €338,730 | -€11,474 | -3.3% |
| Amounts payable after more than one year | 17 | €56,657 | €3,558 | -€53,099 | -93.7% |
| Financial debts | 170/4 | €56,657 | €3,558 | -€53,099 | -93.7% |
| Amounts payable within one year | 42/48 | €293,547 | €335,114 | +€41,567 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €58,118 | €53,099 | -€5,019 | -8.6% |
| Financial debts | 43 | €13,637 | €13,392 | -€245 | -1.8% |
| Credit institutions | 430/8 | €13,637 | €13,392 | -€245 | -1.8% |
| Trade debts | 44 | €21,231 | €18,341 | -€2,890 | -13.6% |
| Suppliers | 440/4 | €21,231 | €18,341 | -€2,890 | -13.6% |
| Taxes, remuneration and social security | 45 | €33,621 | €37,176 | +€3,555 | +10.6% |
| Taxes | 450/3 | €7,958 | €9,878 | +€1,920 | +24.1% |
| Remuneration and social security | 454/9 | €25,663 | €27,298 | +€1,635 | +6.4% |
| Other amounts payable | 47/48 | €166,940 | €213,105 | +€46,166 | +27.7% |
| Accrued charges and deferred income | 492/3 | - | €58 | +€58 | |
| Remuneration, social security and pensions | 62 | €158,014 | €174,538 | +€16,524 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,304 | €45,139 | +€1,836 | +4.2% |
| Other operating charges | 640/8 | €3,107 | €980 | -€2,127 | -68.5% |
| Gross operating margin | 9900 | €367,785 | €369,770 | +€1,985 | +0.5% |
| Operating profit (loss) | 9901 | €163,360 | €149,112 | -€14,248 | -8.7% |
| Financial income | 75/76B | €37 | €1,728 | +€1,691 | +4538.1% |
| Recurring financial income | 75 | €37 | €1,728 | +€1,691 | +4538.1% |
| Financial charges | 65/66B | €7,793 | €8,900 | +€1,106 | +14.2% |
| Recurring financial charges | 65 | €7,793 | €8,900 | +€1,106 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €155,604 | €141,941 | -€13,663 | -8.8% |
| Income taxes | 67/77 | €39,486 | €37,279 | -€2,207 | -5.6% |
| Profit (loss) for the period | 9904 | €116,118 | €104,662 | -€11,456 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,118 | €104,662 | -€11,456 | -9.9% |
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 1 October 2026 via checked.be.