MALIXE: 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.
MALIXE
Largest movements
- Receivables within one year +€25,048
up €25,048 (+2,168%), from €1,155 to €26,203
of which Trade receivables: +€20,383
- Cash -€22,089
down €22,089 (-53.5%), from €41,288 to €19,199
mainly Contributions, distributions and other (-€89,756) and Receivables within one year (-€25,048)
- Tangible fixed assets -€6,293
down €6,293 (-24.9%), from €25,324 to €19,031
of which Other tangible fixed assets: -€8,821
- Deferred charges and accrued income -€4,070
down €4,070 (-23.5%), from €17,351 to €13,281
- Stocks and contracts -€1,303
down €1,303 (-19.3%), from €6,737 to €5,435
- Reserves -€29,756
down €29,756 (-100%), from €29,756 to €0
- Other debts +€25,476
up €25,476 (+127%), from €20,061 to €45,536
- Trade debts +€22,854
up €22,854 (+503%), from €4,539 to €27,393
- Profit (loss) carried forward -€21,870
down €21,870, from €0 to -€21,870
- Tax, wage and social debts -€7,000
down €7,000 (-53.1%), from €13,184 to €6,185
of which Remuneration and social security: -€6,031
- Gross operating margin +€23,436
up €23,436 (+11.1%), from €210,434 to €233,869
- Staff costs +€13,881
up €13,881 (+9.2%), from €150,909 to €164,790
- Taxes +€2,585
up €2,585 (+22.8%), from €11,345 to €13,930
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 | €91,856 | €83,148 | -€8,708 | -9.5% |
| Fixed assets | 21/28 | €25,324 | €19,031 | -€6,293 | -24.9% |
| Tangible fixed assets | 22/27 | €25,324 | €19,031 | -€6,293 | -24.9% |
| Plant, machinery and equipment | 23 | €2,572 | €5,099 | +€2,527 | +98.3% |
| Other tangible fixed assets | 26 | €22,752 | €13,932 | -€8,821 | -38.8% |
| Current assets | 29/58 | €66,532 | €64,117 | -€2,415 | -3.6% |
| Stocks and contracts in progress | 3 | €6,737 | €5,435 | -€1,303 | -19.3% |
| Stocks | 30/36 | €6,737 | €5,435 | -€1,303 | -19.3% |
| Amounts receivable within one year | 40/41 | €1,155 | €26,203 | +€25,048 | +2,168% |
| Trade receivables | 40 | - | €20,383 | +€20,383 | |
| Other amounts receivable | 41 | €1,155 | €5,820 | +€4,665 | +404% |
| Cash at bank and in hand | 54/58 | €41,288 | €19,199 | -€22,089 | -53.5% |
| Deferred charges and accrued income | 490/1 | €17,351 | €13,281 | -€4,070 | -23.5% |
| Total equity and liabilities | 10/49 | €91,856 | €83,148 | -€8,708 | -9.5% |
| Equity | 10/15 | €49,756 | -€1,870 | -€51,626 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,756 | €0 | -€29,756 | -100% |
| Distributable reserves | 133 | €29,756 | €0 | -€29,756 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€21,870 | -€21,870 | |
| Amounts payable | 17/49 | €42,100 | €85,019 | +€42,918 | +102% |
| Amounts payable within one year | 42/48 | €40,356 | €83,194 | +€42,838 | +106% |
| Financial debts | 43 | €2,572 | €4,079 | +€1,507 | +58.6% |
| Credit institutions | 430/8 | €2,572 | €4,079 | +€1,507 | +58.6% |
| Trade debts | 44 | €4,539 | €27,393 | +€22,854 | +503% |
| Suppliers | 440/4 | €4,539 | €27,393 | +€22,854 | +503% |
| Taxes, remuneration and social security | 45 | €13,184 | €6,185 | -€7,000 | -53.1% |
| Taxes | 450/3 | €969 | €0 | -€969 | -100% |
| Remuneration and social security | 454/9 | €12,215 | €6,185 | -€6,031 | -49.4% |
| Other amounts payable | 47/48 | €20,061 | €45,536 | +€25,476 | +127% |
| Accrued charges and deferred income | 492/3 | €1,744 | €1,825 | +€81 | +4.6% |
| Remuneration, social security and pensions | 62 | €150,909 | €164,790 | +€13,881 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,027 | €11,141 | +€1,114 | +11.1% |
| Other operating charges | 640/8 | €4,517 | €2,602 | -€1,916 | -42.4% |
| Gross operating margin | 9900 | €210,434 | €233,869 | +€23,436 | +11.1% |
| Operating profit (loss) | 9901 | €44,980 | €55,337 | +€10,356 | +23.0% |
| Financial income | 75/76B | €7 | €77 | +€70 | +1,001% |
| Recurring financial income | 75 | €7 | €77 | +€70 | +1,001% |
| Financial charges | 65/66B | €3,887 | €3,354 | -€533 | -13.7% |
| Recurring financial charges | 65 | €3,887 | €3,354 | -€533 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €41,101 | €52,059 | +€10,959 | +26.7% |
| Income taxes | 67/77 | €11,345 | €13,930 | +€2,585 | +22.8% |
| Profit (loss) for the period | 9904 | €29,756 | €38,130 | +€8,374 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,756 | €38,130 | +€8,374 | +28.1% |
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 15 October 2026 via checked.be.