MALLIAM: 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.
MALLIAM
Largest movements
- Tangible fixed assets -€22,287
down €22,287 (-5.7%), from €389,272 to €366,985
of which Land and buildings: -€16,140
- Receivables within one year +€13,074
up €13,074 (+148.4%), from €8,811 to €21,885
of which Other amounts receivable: +€9,537
- Profit (loss) carried forward -€51,003
down €51,003 (-100.0%), from €51,026 to €23
- Other debts +€40,590
up €40,590 (+55.5%), from €73,160 to €113,750
- Short-term financial debts +€13,373
new in 2025: €13,373
- Debts after one year -€10,454
down €10,454 (-4.2%), from €250,783 to €240,328
- Tax, wage and social debts -€5,503
down €5,503 (-32.7%), from €16,835 to €11,332
- Gross operating margin +€22,897
up €22,897 (+30.2%), from €75,827 to €98,724
- Taxes +€10,340
up €10,340 (+156.0%), from €6,627 to €16,967
- Other operating charges -€6,642
down €6,642 (-74.9%), from €8,871 to €2,230
- Depreciation -€3,032
down €3,032 (-11.7%), from €25,804 to €22,773
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 | €405,069 | €392,986 | -€12,083 | -3.0% |
| Fixed assets | 21/28 | €389,272 | €366,985 | -€22,287 | -5.7% |
| Tangible fixed assets | 22/27 | €389,272 | €366,985 | -€22,287 | -5.7% |
| Land and buildings | 22 | €382,516 | €366,376 | -€16,140 | -4.2% |
| Furniture and vehicles | 24 | €6,756 | €609 | -€6,147 | -91.0% |
| Current assets | 29/58 | €15,797 | €26,001 | +€10,204 | +64.6% |
| Amounts receivable within one year | 40/41 | €8,811 | €21,885 | +€13,074 | +148.4% |
| Trade receivables | 40 | €8,811 | €12,348 | +€3,537 | +40.1% |
| Other amounts receivable | 41 | - | €9,537 | +€9,537 | |
| Cash at bank and in hand | 54/58 | €3,539 | €39 | -€3,500 | -98.9% |
| Deferred charges and accrued income | 490/1 | €3,446 | €4,077 | +€631 | +18.3% |
| Total equity and liabilities | 10/49 | €405,069 | €392,986 | -€12,083 | -3.0% |
| Equity | 10/15 | €54,026 | €3,023 | -€51,003 | -94.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,026 | €23 | -€51,003 | -100.0% |
| Amounts payable | 17/49 | €351,043 | €389,963 | +€38,920 | +11.1% |
| Amounts payable after more than one year | 17 | €250,783 | €240,328 | -€10,454 | -4.2% |
| Financial debts | 170/4 | €250,783 | €240,328 | -€10,454 | -4.2% |
| Amounts payable within one year | 42/48 | €100,261 | €149,635 | +€49,374 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €10,046 | €10,454 | +€408 | +4.1% |
| Financial debts | 43 | - | €13,373 | +€13,373 | |
| Credit institutions | 430/8 | - | €13,373 | +€13,373 | |
| Trade debts | 44 | €220 | €726 | +€506 | +230.3% |
| Suppliers | 440/4 | €220 | €726 | +€506 | +230.3% |
| Taxes, remuneration and social security | 45 | €16,835 | €11,332 | -€5,503 | -32.7% |
| Taxes | 450/3 | €16,835 | €11,332 | -€5,503 | -32.7% |
| Other amounts payable | 47/48 | €73,160 | €113,750 | +€40,590 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,804 | €22,773 | -€3,032 | -11.7% |
| Other operating charges | 640/8 | €8,871 | €2,230 | -€6,642 | -74.9% |
| Gross operating margin | 9900 | €75,827 | €98,724 | +€22,897 | +30.2% |
| Operating profit (loss) | 9901 | €41,151 | €73,722 | +€32,570 | +79.1% |
| Financial income | 75/76B | €0 | €474 | +€474 | |
| Recurring financial income | 75 | €0 | €474 | +€474 | |
| Financial charges | 65/66B | €10,765 | €10,482 | -€284 | -2.6% |
| Recurring financial charges | 65 | €10,765 | €10,482 | -€284 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €30,386 | €63,714 | +€33,329 | +109.7% |
| Income taxes | 67/77 | €6,627 | €16,967 | +€10,340 | +156.0% |
| Profit (loss) for the period | 9904 | €23,759 | €46,747 | +€22,988 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,759 | €46,747 | +€22,988 | +96.8% |
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 3 October 2026 via checked.be.