MALLAHI GROUP: 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.
MALLAHI GROUP
Largest movements
- Tangible fixed assets -€45,588
down €45,588 (-27.1%), from €168,062 to €122,474
of which Furniture and vehicles: -€23,446
- Receivables within one year +€42,001
up €42,001 (+534%), from €7,869 to €49,870
of which Other amounts receivable: +€27,310
- Cash -€28,584
down €28,584 (-71.5%), from €39,960 to €11,376
mainly Net result for the year (-€57,864) and Receivables within one year (-€42,001)
- Stocks and contracts +€9,667
up €9,667 (+133%), from €7,293 to €16,960
- Intangible fixed assets -€4,286
down €4,286 (-31.2%), from €13,734 to €9,448
- Tax, wage and social debts +€87,829
up €87,829 (+250%), from €35,121 to €122,950
of which Remuneration and social security: +€82,875
- Profit (loss) carried forward -€57,563
down €57,563 (-30.2%), from -€190,902 to -€248,465
- Debts after one year -€19,850
down €19,850 (-7.4%), from €268,358 to €248,508
of which Financial debts: -€19,850
- Trade debts -€17,245
down €17,245 (-25.1%), from €68,727 to €51,482
- Accrued charges and deferred income -€13,503
down €13,503 (-100%), from €13,503 to €0
- Gross operating margin -€51,880
down €51,880 (-14.4%), from €360,053 to €308,173
- Financial charges -€43,140
down €43,140 (-78.4%), from €55,009 to €11,869
- Staff costs +€27,079
up €27,079 (+10.5%), from €258,653 to €285,731
- Other operating charges +€8,584
up €8,584 (+91.6%), from €9,370 to €17,954
- Depreciation -€4,675
down €4,675 (-8.6%), from €54,549 to €49,874
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 | €245,382 | €216,677 | -€28,706 | -11.7% |
| Formation expenses | 20 | €7,751 | €6,262 | -€1,489 | -19.2% |
| Fixed assets | 21/28 | €181,796 | €131,922 | -€49,874 | -27.4% |
| Intangible fixed assets | 21 | €13,734 | €9,448 | -€4,286 | -31.2% |
| Tangible fixed assets | 22/27 | €168,062 | €122,474 | -€45,588 | -27.1% |
| Plant, machinery and equipment | 23 | €1,776 | €1,345 | -€431 | -24.3% |
| Furniture and vehicles | 24 | €29,832 | €6,386 | -€23,446 | -78.6% |
| Other tangible fixed assets | 26 | €136,454 | €114,743 | -€21,711 | -15.9% |
| Current assets | 29/58 | €55,835 | €78,492 | +€22,657 | +40.6% |
| Stocks and contracts in progress | 3 | €7,293 | €16,960 | +€9,667 | +133% |
| Stocks | 30/36 | €7,293 | €16,960 | +€9,667 | +133% |
| Amounts receivable within one year | 40/41 | €7,869 | €49,870 | +€42,001 | +534% |
| Trade receivables | 40 | €7,869 | €22,560 | +€14,690 | +187% |
| Other amounts receivable | 41 | - | €27,310 | +€27,310 | |
| Cash at bank and in hand | 54/58 | €39,960 | €11,376 | -€28,584 | -71.5% |
| Deferred charges and accrued income | 490/1 | €713 | €286 | -€427 | -59.9% |
| Total equity and liabilities | 10/49 | €245,382 | €216,677 | -€28,706 | -11.7% |
| Equity | 10/15 | -€170,902 | -€228,465 | -€57,563 | -33.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,902 | -€248,465 | -€57,563 | -30.2% |
| Amounts payable | 17/49 | €416,285 | €445,141 | +€28,857 | +6.9% |
| Amounts payable after more than one year | 17 | €268,358 | €248,508 | -€19,850 | -7.4% |
| Financial debts | 170/4 | €44,358 | €24,508 | -€19,850 | -44.7% |
| Other amounts payable | 178/9 | €224,000 | €224,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €134,424 | €196,633 | +€62,209 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €21,702 | €22,201 | +€499 | +2.3% |
| Trade debts | 44 | €68,727 | €51,482 | -€17,245 | -25.1% |
| Suppliers | 440/4 | €68,727 | €51,482 | -€17,245 | -25.1% |
| Taxes, remuneration and social security | 45 | €35,121 | €122,950 | +€87,829 | +250% |
| Taxes | 450/3 | €4,582 | €9,536 | +€4,955 | +108% |
| Remuneration and social security | 454/9 | €30,539 | €113,413 | +€82,875 | +271% |
| Other amounts payable | 47/48 | €8,874 | €0 | -€8,874 | -100% |
| Accrued charges and deferred income | 492/3 | €13,503 | €0 | -€13,503 | -100% |
| Remuneration, social security and pensions | 62 | €258,653 | €285,731 | +€27,079 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,549 | €49,874 | -€4,675 | -8.6% |
| Other operating charges | 640/8 | €9,370 | €17,954 | +€8,584 | +91.6% |
| Gross operating margin | 9900 | €360,053 | €308,173 | -€51,880 | -14.4% |
| Operating profit (loss) | 9901 | €37,481 | -€45,387 | -€82,867 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +883% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +883% |
| Financial charges | 65/66B | €55,009 | €11,869 | -€43,140 | -78.4% |
| Recurring financial charges | 65 | €55,009 | €11,869 | -€43,140 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,528 | -€57,252 | -€39,725 | -227% |
| Income taxes | 67/77 | €567 | €612 | +€45 | +7.9% |
| Profit (loss) for the period | 9904 | -€18,095 | -€57,864 | -€39,770 | -220% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,095 | -€57,864 | -€39,770 | -220% |
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 19 October 2026 via checked.be.