Malius: 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.
Malius
Largest movements
- Receivables within one year +€134,889
up €134,889 (+640.2%), from €21,069 to €155,958
of which Trade receivables: +€118,722
- Cash +€9,864
up €9,864 (+137.4%), from €7,179 to €17,043
mainly Net result for the year (+€310,780) and Other debts (+€99,625)
- Tangible fixed assets -€2,419
down €2,419 (-7.8%), from €30,882 to €28,463
of which Other tangible fixed assets: -€1,502
- Other debts +€99,625
up €99,625 (+1541.6%), from €6,462 to €106,087
- Short-term financial debts +€51,852
up €51,852 (+766.8%), from €6,763 to €58,615
- Debts after one year -€6,684
down €6,684 (-51.3%), from €13,035 to €6,351
- Tax, wage and social debts -€3,268
down €3,268 (-26.4%), from €12,357 to €9,089
- Trade debts +€2,909
up €2,909 (+122.0%), from €2,386 to €5,295
- Gross operating margin +€332,569
up €332,569 (+364.8%), from €91,169 to €423,738
- Taxes +€78,605
up €78,605 (+381.8%), from €20,590 to €99,195
- Financial charges +€5,311
up €5,311 (+319.9%), from €1,660 to €6,971
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 | €66,494 | €210,721 | +€144,227 | +216.9% |
| Fixed assets | 21/28 | €30,882 | €28,463 | -€2,419 | -7.8% |
| Tangible fixed assets | 22/27 | €30,882 | €28,463 | -€2,419 | -7.8% |
| Plant, machinery and equipment | 23 | €3,371 | €3,896 | +€524 | +15.6% |
| Furniture and vehicles | 24 | €14,910 | €13,470 | -€1,440 | -9.7% |
| Other tangible fixed assets | 26 | €12,600 | €11,098 | -€1,502 | -11.9% |
| Current assets | 29/58 | €35,612 | €182,257 | +€146,645 | +411.8% |
| Amounts receivable within one year | 40/41 | €21,069 | €155,958 | +€134,889 | +640.2% |
| Trade receivables | 40 | €1,431 | €120,153 | +€118,722 | +8296.8% |
| Other amounts receivable | 41 | €19,638 | €35,805 | +€16,167 | +82.3% |
| Cash at bank and in hand | 54/58 | €7,179 | €17,043 | +€9,864 | +137.4% |
| Deferred charges and accrued income | 490/1 | €7,364 | €9,255 | +€1,892 | +25.7% |
| Total equity and liabilities | 10/49 | €66,494 | €210,721 | +€144,227 | +216.9% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €47,894 | €192,121 | +€144,227 | +301.1% |
| Amounts payable after more than one year | 17 | €13,035 | €6,351 | -€6,684 | -51.3% |
| Financial debts | 170/4 | €13,035 | €6,351 | -€6,684 | -51.3% |
| Amounts payable within one year | 42/48 | €34,407 | €185,770 | +€151,363 | +439.9% |
| Current portion of amounts payable after more than one year | 42 | €6,439 | €6,684 | +€245 | +3.8% |
| Financial debts | 43 | €6,763 | €58,615 | +€51,852 | +766.8% |
| Credit institutions | 430/8 | €6,763 | €58,615 | +€51,852 | +766.8% |
| Trade debts | 44 | €2,386 | €5,295 | +€2,909 | +122.0% |
| Suppliers | 440/4 | €2,386 | €5,295 | +€2,909 | +122.0% |
| Taxes, remuneration and social security | 45 | €12,357 | €9,089 | -€3,268 | -26.4% |
| Taxes | 450/3 | €12,357 | €9,089 | -€3,268 | -26.4% |
| Other amounts payable | 47/48 | €6,462 | €106,087 | +€99,625 | +1541.6% |
| Accrued charges and deferred income | 492/3 | €452 | - | -€452 | |
| Non-recurring operating income | 76A | - | €12,911 | +€12,911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,302 | €5,027 | +€725 | +16.9% |
| Other operating charges | 640/8 | €2,132 | €1,767 | -€364 | -17.1% |
| Gross operating margin | 9900 | €91,169 | €423,738 | +€332,569 | +364.8% |
| Operating profit (loss) | 9901 | €84,736 | €416,944 | +€332,208 | +392.1% |
| Financial income | 75/76B | €3,976 | €1 | -€3,975 | -100.0% |
| Recurring financial income | 75 | €3,976 | €1 | -€3,975 | -100.0% |
| Financial charges | 65/66B | €1,660 | €6,971 | +€5,311 | +319.9% |
| Recurring financial charges | 65 | €1,660 | €6,971 | +€5,311 | +319.9% |
| Profit (loss) for the period before taxes | 9903 | €87,052 | €409,974 | +€322,922 | +371.0% |
| Income taxes | 67/77 | €20,590 | €99,195 | +€78,605 | +381.8% |
| Profit (loss) for the period | 9904 | €66,462 | €310,780 | +€244,317 | +367.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,462 | €310,780 | +€244,317 | +367.6% |
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 12 October 2026 via checked.be.