MALLET: 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.
MALLET
Largest movements
- Tangible fixed assets -€24,961
down €24,961 (-56.5%), from €44,178 to €19,217
of which Other tangible fixed assets: -€20,000
- Receivables within one year +€15,467
up €15,467 (+67.2%), from €22,999 to €38,466
of which Trade receivables: +€14,485
- Cash +€6,083
up €6,083 (+13.5%), from €45,028 to €51,110
mainly Net result for the year (+€34,792) and Depreciation (+€27,692)
- Stocks and contracts -€2,543
down €2,543 (-2.4%), from €107,609 to €105,066
- Reserves +€34,792
up €34,792 (+26.6%), from €130,654 to €165,446
- Tax, wage and social debts -€30,026
down €30,026 (-82.6%), from €36,359 to €6,333
of which Taxes: -€36,031
- Debts after one year -€5,387
down €5,387 (-77.1%), from €6,985 to €1,598
- Gross operating margin +€40,001
up €40,001 (+54.5%), from €73,410 to €113,411
- Taxes +€13,038
up €13,038 (+277%), from €4,709 to €17,747
- Staff costs +€4,809
up €4,809 (+21.6%), from €22,260 to €27,069
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 | €222,433 | €218,065 | -€4,368 | -2.0% |
| Fixed assets | 21/28 | €45,456 | €20,495 | -€24,961 | -54.9% |
| Tangible fixed assets | 22/27 | €44,178 | €19,217 | -€24,961 | -56.5% |
| Land and buildings | 22 | €3,668 | €2,312 | -€1,356 | -37.0% |
| Plant, machinery and equipment | 23 | €20,510 | €14,382 | -€6,127 | -29.9% |
| Furniture and vehicles | 24 | - | €2,523 | +€2,523 | |
| Other tangible fixed assets | 26 | €20,000 | - | -€20,000 | |
| Financial fixed assets | 28 | €1,278 | €1,278 | = | 0.0% |
| Current assets | 29/58 | €176,977 | €197,570 | +€20,593 | +11.6% |
| Stocks and contracts in progress | 3 | €107,609 | €105,066 | -€2,543 | -2.4% |
| Stocks | 30/36 | €107,609 | €105,066 | -€2,543 | -2.4% |
| Amounts receivable within one year | 40/41 | €22,999 | €38,466 | +€15,467 | +67.2% |
| Trade receivables | 40 | €9,719 | €24,204 | +€14,485 | +149% |
| Other amounts receivable | 41 | €13,280 | €14,262 | +€981 | +7.4% |
| Cash at bank and in hand | 54/58 | €45,028 | €51,110 | +€6,083 | +13.5% |
| Deferred charges and accrued income | 490/1 | €1,341 | €2,928 | +€1,587 | +118% |
| Total equity and liabilities | 10/49 | €222,433 | €218,065 | -€4,368 | -2.0% |
| Equity | 10/15 | €149,254 | €184,046 | +€34,792 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,654 | €165,446 | +€34,792 | +26.6% |
| Distributable reserves | 133 | €130,654 | €165,446 | +€34,792 | +26.6% |
| Amounts payable | 17/49 | €73,179 | €34,019 | -€39,160 | -53.5% |
| Amounts payable after more than one year | 17 | €6,985 | €1,598 | -€5,387 | -77.1% |
| Financial debts | 170/4 | €6,985 | €1,598 | -€5,387 | -77.1% |
| Amounts payable within one year | 42/48 | €66,194 | €32,421 | -€33,773 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €5,830 | €5,387 | -€443 | -7.6% |
| Financial debts | 43 | €11,941 | €10,000 | -€1,941 | -16.3% |
| Credit institutions | 430/8 | €11,941 | €10,000 | -€1,941 | -16.3% |
| Trade debts | 44 | €6,765 | €5,276 | -€1,490 | -22.0% |
| Suppliers | 440/4 | €6,765 | €5,276 | -€1,490 | -22.0% |
| Taxes, remuneration and social security | 45 | €36,359 | €6,333 | -€30,026 | -82.6% |
| Taxes | 450/3 | €36,138 | €107 | -€36,031 | -99.7% |
| Remuneration and social security | 454/9 | €221 | €6,225 | +€6,005 | +2,723% |
| Other amounts payable | 47/48 | €5,299 | €5,425 | +€126 | +2.4% |
| Remuneration, social security and pensions | 62 | €22,260 | €27,069 | +€4,809 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,629 | €27,692 | -€937 | -3.3% |
| Other operating charges | 640/8 | €2,792 | €2,933 | +€141 | +5.0% |
| Non-recurring operating charges | 66A | €273 | - | -€273 | |
| Gross operating margin | 9900 | €73,410 | €113,411 | +€40,001 | +54.5% |
| Operating profit (loss) | 9901 | €19,456 | €55,717 | +€36,261 | +186% |
| Financial income | 75/76B | €31 | €248 | +€217 | +691% |
| Recurring financial income | 75 | €31 | €248 | +€217 | +691% |
| Financial charges | 65/66B | €3,129 | €3,426 | +€297 | +9.5% |
| Recurring financial charges | 65 | €3,129 | €3,426 | +€297 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €16,358 | €52,539 | +€36,181 | +221% |
| Income taxes | 67/77 | €4,709 | €17,747 | +€13,038 | +277% |
| Profit (loss) for the period | 9904 | €11,650 | €34,792 | +€23,143 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €11,650 | €34,792 | +€23,143 | +199% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.