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
- Deferred charges and accrued income +€168,728
up €168,728 (+115%), from €146,602 to €315,330
- Debts after one year -€260,754
down €260,754 (-12.1%), from €2.2m to €1.9m
- Profit (loss) carried forward +€165,876
up €165,876 (+33.3%), from €497,629 to €663,505
- Other debts +€102,567
up €102,567 (+65.5%), from €156,544 to €259,111
- Reserves +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Financial income -€334,863
down €334,863 (-48.9%), from €685,000 to €350,137
- Financial charges -€21,845
down €21,845 (-16.1%), from €135,853 to €114,008
- Gross operating margin -€12,297
down €12,297 (-20.6%), from €59,737 to €47,440
- Depreciation +€5,854
up €5,854 (+484%), from €1,210 to €7,064
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 | €3,527,970 | €3,669,347 | +€141,377 | +4.0% |
| Fixed assets | 21/28 | €3,279,071 | €3,302,441 | +€23,370 | +0.7% |
| Tangible fixed assets | 22/27 | €3,122 | €26,492 | +€23,370 | +748% |
| Furniture and vehicles | 24 | €3,122 | €26,492 | +€23,370 | +748% |
| Financial fixed assets | 28 | €3,275,948 | €3,275,948 | = | 0.0% |
| Current assets | 29/58 | €248,899 | €366,907 | +€118,007 | +47.4% |
| Amounts receivable within one year | 40/41 | €36,300 | €19,104 | -€17,196 | -47.4% |
| Trade receivables | 40 | €36,300 | €17,746 | -€18,554 | -51.1% |
| Other amounts receivable | 41 | - | €1,358 | +€1,358 | |
| Cash at bank and in hand | 54/58 | €65,998 | €32,473 | -€33,525 | -50.8% |
| Deferred charges and accrued income | 490/1 | €146,602 | €315,330 | +€168,728 | +115% |
| Total equity and liabilities | 10/49 | €3,527,970 | €3,669,347 | +€141,377 | +4.0% |
| Equity | 10/15 | €727,629 | €993,505 | +€265,876 | +36.5% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €200,000 | +€100,000 | +100% |
| Distributable reserves | 133 | €100,000 | €200,000 | +€100,000 | +100% |
| Profit (loss) carried forward | 14 | €497,629 | €663,505 | +€165,876 | +33.3% |
| Amounts payable | 17/49 | €2,800,341 | €2,675,843 | -€124,499 | -4.4% |
| Amounts payable after more than one year | 17 | €2,151,058 | €1,890,304 | -€260,754 | -12.1% |
| Financial debts | 170/4 | €2,151,058 | €1,890,304 | -€260,754 | -12.1% |
| Amounts payable within one year | 42/48 | €590,287 | €708,768 | +€118,481 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €413,288 | €414,721 | +€1,433 | +0.3% |
| Trade debts | 44 | €4,460 | €5,978 | +€1,519 | +34.1% |
| Suppliers | 440/4 | €4,460 | €5,978 | +€1,519 | +34.1% |
| Taxes, remuneration and social security | 45 | €15,995 | €28,958 | +€12,962 | +81.0% |
| Taxes | 450/3 | €15,995 | €28,958 | +€12,962 | +81.0% |
| Other amounts payable | 47/48 | €156,544 | €259,111 | +€102,567 | +65.5% |
| Accrued charges and deferred income | 492/3 | €58,996 | €76,770 | +€17,774 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,210 | €7,064 | +€5,854 | +484% |
| Other operating charges | 640/8 | - | €518 | +€518 | |
| Gross operating margin | 9900 | €59,737 | €47,440 | -€12,297 | -20.6% |
| Operating profit (loss) | 9901 | €58,528 | €39,858 | -€18,669 | -31.9% |
| Financial income | 75/76B | €685,000 | €350,137 | -€334,863 | -48.9% |
| Recurring financial income | 75 | €685,000 | €350,137 | -€334,863 | -48.9% |
| Financial charges | 65/66B | €135,853 | €114,008 | -€21,845 | -16.1% |
| Recurring financial charges | 65 | €135,853 | €114,008 | -€21,845 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €607,674 | €275,987 | -€331,687 | -54.6% |
| Income taxes | 67/77 | €10,046 | €10,111 | +€66 | +0.7% |
| Profit (loss) for the period | 9904 | €597,629 | €265,876 | -€331,753 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €597,629 | €265,876 | -€331,753 | -55.5% |
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 23 October 2026 via checked.be.