MALIXÉE: 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.
MALIXÉE
Largest movements
- Receivables within one year +€22,161
up €22,161 (+58.1%), from €38,135 to €60,296
of which Trade receivables: +€30,493
- Cash -€17,764
down €17,764 (-50.9%), from €34,933 to €17,169
mainly Debts after one year (-€30,110) and Receivables within one year (-€22,161)
- Reserves +€41,426
up €41,426 (+15.4%), from €268,333 to €309,759
- Debts after one year -€30,110
down €30,110 (-8.9%), from €337,443 to €307,333
- Tax, wage and social debts -€18,091
down €18,091 (-51.7%), from €34,980 to €16,889
- Trade debts +€12,695
up €12,695 (+159%), from €7,995 to €20,690
- Financial charges +€32,829
up €32,829 (+418%), from €7,860 to €40,689
- Taxes -€8,968
down €8,968 (-32.8%), from €27,341 to €18,373
- Gross operating margin -€8,274
down €8,274 (-6.9%), from €119,570 to €111,296
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 | €713,774 | €717,079 | +€3,305 | +0.5% |
| Fixed assets | 21/28 | €639,766 | €638,674 | -€1,092 | -0.2% |
| Tangible fixed assets | 22/27 | €229,766 | €228,674 | -€1,092 | -0.5% |
| Land and buildings | 22 | €206,949 | €201,816 | -€5,133 | -2.5% |
| Plant, machinery and equipment | 23 | €15,018 | €14,874 | -€144 | -1.0% |
| Furniture and vehicles | 24 | €7,799 | €11,984 | +€4,185 | +53.7% |
| Financial fixed assets | 28 | €410,000 | €410,000 | = | 0.0% |
| Current assets | 29/58 | €74,008 | €78,405 | +€4,397 | +5.9% |
| Amounts receivable within one year | 40/41 | €38,135 | €60,296 | +€22,161 | +58.1% |
| Trade receivables | 40 | €22,990 | €53,483 | +€30,493 | +133% |
| Other amounts receivable | 41 | €15,145 | €6,814 | -€8,331 | -55.0% |
| Cash at bank and in hand | 54/58 | €34,933 | €17,169 | -€17,764 | -50.9% |
| Deferred charges and accrued income | 490/1 | €940 | €940 | = | 0.0% |
| Total equity and liabilities | 10/49 | €713,774 | €717,079 | +€3,305 | +0.5% |
| Equity | 10/15 | €270,333 | €311,759 | +€41,426 | +15.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €268,333 | €309,759 | +€41,426 | +15.4% |
| Distributable reserves | 133 | €268,333 | €309,759 | +€41,426 | +15.4% |
| Amounts payable | 17/49 | €443,441 | €405,320 | -€38,121 | -8.6% |
| Amounts payable after more than one year | 17 | €337,443 | €307,333 | -€30,110 | -8.9% |
| Financial debts | 170/4 | €337,443 | €307,333 | -€30,110 | -8.9% |
| Amounts payable within one year | 42/48 | €105,998 | €97,987 | -€8,011 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €61,378 | €60,408 | -€970 | -1.6% |
| Trade debts | 44 | €7,995 | €20,690 | +€12,695 | +159% |
| Suppliers | 440/4 | €7,995 | €20,690 | +€12,695 | +159% |
| Taxes, remuneration and social security | 45 | €34,980 | €16,889 | -€18,091 | -51.7% |
| Taxes | 450/3 | €34,980 | €16,889 | -€18,091 | -51.7% |
| Other amounts payable | 47/48 | €1,645 | €0 | -€1,645 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,877 | €9,747 | +€869 | +9.8% |
| Other operating charges | 640/8 | €1,454 | €1,061 | -€393 | -27.0% |
| Gross operating margin | 9900 | €119,570 | €111,296 | -€8,274 | -6.9% |
| Operating profit (loss) | 9901 | €109,238 | €100,488 | -€8,750 | -8.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,860 | €40,689 | +€32,829 | +418% |
| Recurring financial charges | 65 | €7,860 | €40,689 | +€32,829 | +418% |
| Profit (loss) for the period before taxes | 9903 | €101,378 | €59,799 | -€41,579 | -41.0% |
| Income taxes | 67/77 | €27,341 | €18,373 | -€8,968 | -32.8% |
| Profit (loss) for the period | 9904 | €74,038 | €41,426 | -€32,611 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,038 | €41,426 | -€32,611 | -44.0% |
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 16 October 2026 via checked.be.