MALO: 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.
MALO
Largest movements
- Cash +€41,159
up €41,159 (+42.2%), from €97,456 to €138,615
mainly Net result for the year (+€275,608) and Depreciation (+€31,276)
- Other debts -€176,071
down €176,071 (-23.7%), from €743,332 to €567,261
- Profit (loss) carried forward +€175,608
up €175,608 (+18.9%), from €928,675 to €1.1m
- Reserves +€100,000
up €100,000 (+97.0%), from €103,099 to €203,099
- Debts after one year -€93,169
down €93,169 (-26.9%), from €346,579 to €253,410
- Financial income +€297,000
new in 2025: €297,000
- Gross operating margin +€23,795
up €23,795 (+550%), from €4,328 to €28,123
- Taxes +€10,000
new in 2025: €10,000
- Other operating charges +€2,872
up €2,872 (+324%), from €887 to €3,759
- Financial charges -€931
down €931 (-17.2%), from €5,411 to €4,479
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 | €2,250,388 | €2,269,753 | +€19,365 | +0.9% |
| Fixed assets | 21/28 | €2,152,932 | €2,131,137 | -€21,794 | -1.0% |
| Tangible fixed assets | 22/27 | €1,533,198 | €1,511,404 | -€21,794 | -1.4% |
| Land and buildings | 22 | €1,476,941 | €1,452,383 | -€24,559 | -1.7% |
| Plant, machinery and equipment | 23 | €5,753 | €5,114 | -€639 | -11.1% |
| Furniture and vehicles | 24 | €50,503 | €53,907 | +€3,404 | +6.7% |
| Financial fixed assets | 28 | €619,734 | €619,734 | = | 0.0% |
| Current assets | 29/58 | €97,456 | €138,615 | +€41,159 | +42.2% |
| Cash at bank and in hand | 54/58 | €97,456 | €138,615 | +€41,159 | +42.2% |
| Total equity and liabilities | 10/49 | €2,250,388 | €2,269,753 | +€19,365 | +0.9% |
| Equity | 10/15 | €1,062,760 | €1,338,368 | +€275,608 | +25.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €103,099 | €203,099 | +€100,000 | +97.0% |
| Distributable reserves | 133 | €103,099 | €203,099 | +€100,000 | +97.0% |
| Profit (loss) carried forward | 14 | €928,675 | €1,104,283 | +€175,608 | +18.9% |
| Amounts payable | 17/49 | €1,187,628 | €931,385 | -€256,243 | -21.6% |
| Amounts payable after more than one year | 17 | €346,579 | €253,410 | -€93,169 | -26.9% |
| Financial debts | 170/4 | €346,579 | €253,410 | -€93,169 | -26.9% |
| Amounts payable within one year | 42/48 | €841,049 | €677,975 | -€163,074 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €92,172 | €93,169 | +€997 | +1.1% |
| Trade debts | 44 | €5,544 | €7,544 | +€2,000 | +36.1% |
| Suppliers | 440/4 | €5,544 | €7,544 | +€2,000 | +36.1% |
| Taxes, remuneration and social security | 45 | - | €10,000 | +€10,000 | |
| Taxes | 450/3 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €743,332 | €567,261 | -€176,071 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,809 | €31,276 | +€467 | +1.5% |
| Other operating charges | 640/8 | €887 | €3,759 | +€2,872 | +324% |
| Gross operating margin | 9900 | €4,328 | €28,123 | +€23,795 | +550% |
| Operating profit (loss) | 9901 | -€27,369 | -€6,913 | +€20,456 | +74.7% |
| Financial income | 75/76B | - | €297,000 | +€297,000 | |
| Recurring financial income | 75 | - | €297,000 | +€297,000 | |
| Financial charges | 65/66B | €5,411 | €4,479 | -€931 | -17.2% |
| Recurring financial charges | 65 | €5,411 | €4,479 | -€931 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,779 | €285,608 | +€318,387 | |
| Income taxes | 67/77 | - | €10,000 | +€10,000 | |
| Profit (loss) for the period | 9904 | -€32,779 | €275,608 | +€308,387 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,779 | €275,608 | +€308,387 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.