MALLEO: 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.
MALLEO
Largest movements
- Receivables within one year -€67,614
down €67,614 (-14.0%), from €484,414 to €416,800
of which Other amounts receivable: -€167,730
- Tangible fixed assets +€39,576
up €39,576 (+407%), from €9,728 to €49,304
of which Furniture and vehicles: +€39,576
- Current investments +€19,100
new in 2025: €19,100
- Other debts -€81,350
no longer reported in 2025 (was €81,350)
- Current portion of long-term debt +€79,950
new in 2025: €79,950
- Trade debts -€32,293
down €32,293 (-17.8%), from €181,765 to €149,472
- Profit (loss) carried forward +€23,668
up €23,668 (+15.5%), from €152,474 to €176,142
- Turnover -€569,212
no longer reported in 2025 (was €569,212)
- Purchases and services -€401,864
no longer reported in 2025 (was €401,864)
- Gross operating margin -€68,007
down €68,007 (-40.6%), from €167,348 to €99,341
- Staff costs -€44,193
down €44,193 (-37.0%), from €119,421 to €75,228
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 | €679,599 | €672,662 | -€6,937 | -1.0% |
| Fixed assets | 21/28 | €74,323 | €113,900 | +€39,577 | +53.2% |
| Tangible fixed assets | 22/27 | €9,728 | €49,304 | +€39,576 | +407% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €9,728 | €49,304 | +€39,576 | +407% |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €64,595 | €64,596 | +€1 | 0.0% |
| Current assets | 29/58 | €605,275 | €558,761 | -€46,514 | -7.7% |
| Stocks and contracts in progress | 3 | €34,500 | €34,500 | = | 0.0% |
| Stocks | 30/36 | €34,500 | €34,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €484,414 | €416,800 | -€67,614 | -14.0% |
| Trade receivables | 40 | €289,886 | €390,003 | +€100,117 | +34.5% |
| Other amounts receivable | 41 | €194,528 | €26,797 | -€167,730 | -86.2% |
| Current investments | 50/53 | - | €19,100 | +€19,100 | |
| Cash at bank and in hand | 54/58 | €845 | €845 | +€0 | 0.0% |
| Deferred charges and accrued income | 490/1 | €85,516 | €87,516 | +€2,000 | +2.3% |
| Total equity and liabilities | 10/49 | €679,599 | €672,662 | -€6,937 | -1.0% |
| Equity | 10/15 | €232,934 | €256,602 | +€23,668 | +10.2% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Contributions outside capital | 11 | €78,600 | €78,600 | = | 0.0% |
| Other | 1109/19 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,474 | €176,142 | +€23,668 | +15.5% |
| Amounts payable | 17/49 | €446,665 | €416,060 | -€30,605 | -6.9% |
| Amounts payable after more than one year | 17 | €2,885 | €2,885 | = | 0.0% |
| Financial debts | 170/4 | €2,885 | €2,885 | = | 0.0% |
| Amounts payable within one year | 42/48 | €443,780 | €413,175 | -€30,605 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | - | €79,950 | +€79,950 | |
| Financial debts | 43 | €106,781 | €106,781 | = | 0.0% |
| Credit institutions | 430/8 | €106,781 | €106,781 | = | 0.0% |
| Trade debts | 44 | €181,765 | €149,472 | -€32,293 | -17.8% |
| Suppliers | 440/4 | €181,765 | €149,472 | -€32,293 | -17.8% |
| Taxes, remuneration and social security | 45 | €73,884 | €76,972 | +€3,088 | +4.2% |
| Taxes | 450/3 | €35,064 | €48,374 | +€13,311 | +38.0% |
| Remuneration and social security | 454/9 | €38,820 | €28,598 | -€10,223 | -26.3% |
| Other amounts payable | 47/48 | €81,350 | - | -€81,350 | |
| Turnover | 70 | €569,212 | - | -€569,212 | |
| Goods, raw materials, services and sundry goods | 60/61 | €401,864 | - | -€401,864 | |
| Remuneration, social security and pensions | 62 | €119,421 | €75,228 | -€44,193 | -37.0% |
| Other operating charges | 640/8 | €965 | - | -€965 | |
| Gross operating margin | 9900 | €167,348 | €99,341 | -€68,007 | -40.6% |
| Operating profit (loss) | 9901 | €46,962 | €24,113 | -€22,849 | -48.7% |
| Financial charges | 65/66B | €5,351 | €445 | -€4,906 | -91.7% |
| Recurring financial charges | 65 | €5,351 | €445 | -€4,906 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €41,611 | €23,668 | -€17,943 | -43.1% |
| Profit (loss) for the period | 9904 | €41,611 | €23,668 | -€17,943 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,611 | €23,668 | -€17,943 | -43.1% |
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 28 October 2026 via checked.be.