MALIZCO: 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.
MALIZCO
Largest movements
- Tangible fixed assets +€162,248
up €162,248 (+452.4%), from €35,860 to €198,108
of which Land and buildings: +€174,717
- Receivables within one year +€62,071
up €62,071, from €0 to €62,071
of which Other amounts receivable: +€62,071
- Cash -€19,801
down €19,801 (-31.5%), from €62,807 to €43,006
mainly Investment in fixed assets (net) (-€176,493) and Receivables within one year (-€62,071)
- Debts after one year +€148,088
up €148,088 (+911.0%), from €16,255 to €164,342
- Profit (loss) carried forward +€33,431
up €33,431 (+84.0%), from €39,822 to €73,253
- Tax, wage and social debts +€13,937
up €13,937 (+63.0%), from €22,128 to €36,065
- Trade debts +€12,297
up €12,297 (+102.1%), from €12,045 to €24,342
- Gross operating margin +€18,479
up €18,479 (+29.2%), from €63,232 to €81,711
- Other operating charges +€12,499
up €12,499 (+967.2%), from €1,292 to €13,791
- Depreciation +€9,344
up €9,344 (+176.3%), from €5,300 to €14,645
- Financial charges +€1,135
up €1,135 (+34.9%), from €3,255 to €4,390
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 | €102,542 | €309,730 | +€207,188 | +202.1% |
| Fixed assets | 21/28 | €36,300 | €198,148 | +€161,848 | +445.9% |
| Tangible fixed assets | 22/27 | €35,860 | €198,108 | +€162,248 | +452.4% |
| Land and buildings | 22 | - | €174,717 | +€174,717 | |
| Plant, machinery and equipment | 23 | €2,068 | €2,423 | +€355 | +17.2% |
| Furniture and vehicles | 24 | €4,212 | €2,054 | -€2,158 | -51.2% |
| Leasing and similar rights | 25 | €29,581 | €18,914 | -€10,666 | -36.1% |
| Financial fixed assets | 28 | €440 | €40 | -€400 | -90.9% |
| Current assets | 29/58 | €66,241 | €111,581 | +€45,340 | +68.4% |
| Amounts receivable within one year | 40/41 | €0 | €62,071 | +€62,071 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €62,071 | +€62,071 | |
| Cash at bank and in hand | 54/58 | €62,807 | €43,006 | -€19,801 | -31.5% |
| Deferred charges and accrued income | 490/1 | €3,434 | €6,504 | +€3,070 | +89.4% |
| Total equity and liabilities | 10/49 | €102,542 | €309,730 | +€207,188 | +202.1% |
| Equity | 10/15 | €42,322 | €75,753 | +€33,431 | +79.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,822 | €73,253 | +€33,431 | +84.0% |
| Amounts payable | 17/49 | €60,220 | €233,977 | +€173,757 | +288.5% |
| Amounts payable after more than one year | 17 | €16,255 | €164,342 | +€148,088 | +911.0% |
| Financial debts | 170/4 | €16,255 | €164,342 | +€148,088 | +911.0% |
| Amounts payable within one year | 42/48 | €43,558 | €69,635 | +€26,077 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €8,854 | €9,167 | +€313 | +3.5% |
| Financial debts | 43 | - | €61 | +€61 | |
| Credit institutions | 430/8 | - | €61 | +€61 | |
| Trade debts | 44 | €12,045 | €24,342 | +€12,297 | +102.1% |
| Suppliers | 440/4 | €12,045 | €24,342 | +€12,297 | +102.1% |
| Taxes, remuneration and social security | 45 | €22,128 | €36,065 | +€13,937 | +63.0% |
| Taxes | 450/3 | €22,128 | €36,065 | +€13,937 | +63.0% |
| Other amounts payable | 47/48 | €531 | €0 | -€531 | -100.0% |
| Accrued charges and deferred income | 492/3 | €407 | €0 | -€407 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,300 | €14,645 | +€9,344 | +176.3% |
| Other operating charges | 640/8 | €1,292 | €13,791 | +€12,499 | +967.2% |
| Non-recurring operating charges | 66A | - | €2,068 | +€2,068 | |
| Gross operating margin | 9900 | €63,232 | €81,711 | +€18,479 | +29.2% |
| Operating profit (loss) | 9901 | €56,639 | €51,207 | -€5,432 | -9.6% |
| Financial income | 75/76B | - | €146 | +€146 | |
| Recurring financial income | 75 | - | €146 | +€146 | |
| Financial charges | 65/66B | €3,255 | €4,390 | +€1,135 | +34.9% |
| Recurring financial charges | 65 | €3,255 | €4,390 | +€1,135 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €53,384 | €46,963 | -€6,421 | -12.0% |
| Income taxes | 67/77 | €13,572 | €13,532 | -€40 | -0.3% |
| Profit (loss) for the period | 9904 | €39,812 | €33,431 | -€6,381 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,812 | €33,431 | -€6,381 | -16.0% |
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 9 October 2026 via checked.be.