MALMIX: 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.
MALMIX
Largest movements
- Cash +€361,114
up €361,114 (+61.4%), from €588,524 to €949,638
mainly Other debts (+€195,384) and Net result for the year (+€181,636)
- Tangible fixed assets +€25,184
up €25,184 (+4.0%), from €623,899 to €649,084
of which Furniture and vehicles: +€37,402
- Other debts +€195,384
up €195,384 (+193.7%), from €100,885 to €296,269
- Reserves +€181,800
up €181,800 (+16.9%), from €1.1m to €1.3m
of which Distributable reserves: +€181,800
- Trade debts +€97,973
up €97,973 (+88.9%), from €110,201 to €208,174
- Debts after one year -€40,000
down €40,000 (-66.7%), from €60,000 to €20,000
- Accrued charges and deferred income -€23,351
down €23,351 (-77.4%), from €30,183 to €6,832
- Gross operating margin +€161,053
up €161,053 (+35.3%), from €455,679 to €616,732
- Staff costs +€50,995
up €50,995 (+27.0%), from €188,687 to €239,682
- Taxes +€32,382
up €32,382 (+6476402.0%), from €1 to €32,383
- Depreciation +€7,498
up €7,498 (+5.5%), from €137,563 to €145,061
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 | €1,477,730 | €1,889,906 | +€412,176 | +27.9% |
| Fixed assets | 21/28 | €624,241 | €667,503 | +€43,262 | +6.9% |
| Intangible fixed assets | 21 | - | €18,077 | +€18,077 | |
| Tangible fixed assets | 22/27 | €623,899 | €649,084 | +€25,184 | +4.0% |
| Land and buildings | 22 | €28,819 | €35,952 | +€7,133 | +24.8% |
| Plant, machinery and equipment | 23 | €180,271 | €160,920 | -€19,351 | -10.7% |
| Furniture and vehicles | 24 | €414,809 | €452,211 | +€37,402 | +9.0% |
| Financial fixed assets | 28 | €342 | €342 | = | 0.0% |
| Current assets | 29/58 | €853,489 | €1,222,404 | +€368,915 | +43.2% |
| Stocks and contracts in progress | 3 | €14,285 | €18,821 | +€4,537 | +31.8% |
| Stocks | 30/36 | €14,285 | €18,821 | +€4,537 | +31.8% |
| Amounts receivable within one year | 40/41 | €231,647 | €243,223 | +€11,576 | +5.0% |
| Trade receivables | 40 | €186,134 | €191,909 | +€5,775 | +3.1% |
| Other amounts receivable | 41 | €45,512 | €51,313 | +€5,801 | +12.7% |
| Cash at bank and in hand | 54/58 | €588,524 | €949,638 | +€361,114 | +61.4% |
| Deferred charges and accrued income | 490/1 | €19,034 | €10,722 | -€8,312 | -43.7% |
| Total equity and liabilities | 10/49 | €1,477,730 | €1,889,906 | +€412,176 | +27.9% |
| Equity | 10/15 | €1,136,460 | €1,318,096 | +€181,636 | +16.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,074,205 | €1,256,005 | +€181,800 | +16.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,305 | €173,305 | = | 0.0% |
| Distributable reserves | 133 | €894,700 | €1,076,500 | +€181,800 | +20.3% |
| Profit (loss) carried forward | 14 | €255 | €91 | -€164 | -64.4% |
| Amounts payable | 17/49 | €341,270 | €571,811 | +€230,540 | +67.6% |
| Amounts payable after more than one year | 17 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Financial debts | 170/4 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Amounts payable within one year | 42/48 | €251,087 | €544,978 | +€293,892 | +117.0% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €110,201 | €208,174 | +€97,973 | +88.9% |
| Suppliers | 440/4 | €110,201 | €208,174 | +€97,973 | +88.9% |
| Advances received on contracts in progress | 46 | - | €535 | +€535 | |
| Other amounts payable | 47/48 | €100,885 | €296,269 | +€195,384 | +193.7% |
| Accrued charges and deferred income | 492/3 | €30,183 | €6,832 | -€23,351 | -77.4% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €188,687 | €239,682 | +€50,995 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,563 | €145,061 | +€7,498 | +5.5% |
| Other operating charges | 640/8 | €11,072 | €9,359 | -€1,713 | -15.5% |
| Gross operating margin | 9900 | €455,679 | €616,732 | +€161,053 | +35.3% |
| Operating profit (loss) | 9901 | €118,356 | €222,629 | +€104,273 | +88.1% |
| Financial income | 75/76B | €796 | €98 | -€698 | -87.7% |
| Recurring financial income | 75 | €796 | €98 | -€698 | -87.7% |
| Financial charges | 65/66B | €11,354 | €8,709 | -€2,645 | -23.3% |
| Recurring financial charges | 65 | €11,354 | €8,709 | -€2,645 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €107,798 | €214,018 | +€106,221 | +98.5% |
| Income taxes | 67/77 | €1 | €32,383 | +€32,382 | +6476402.0% |
| Profit (loss) for the period | 9904 | €107,797 | €181,636 | +€73,838 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,797 | €181,636 | +€73,838 | +68.5% |
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 11 October 2026 via checked.be.