MALO B: 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 B
Largest movements
- Stocks and contracts -€28,530
down €28,530 (-83.8%), from €34,030 to €5,500
- Cash +€4,585
up €4,585 (+1,342%), from €342 to €4,926
mainly Stocks and contracts (+€28,530) and Receivables within one year (+€2,793)
- Receivables within one year -€2,793
no longer reported in 2025 (was €2,793)
- Tangible fixed assets -€863
down €863 (-37.4%), from €2,309 to €1,446
of which Other tangible fixed assets: -€629
- Profit (loss) carried forward -€14,656
down €14,656 (-54.7%), from -€26,793 to -€41,449
- Short-term financial debts -€8,205
no longer reported in 2025 (was €8,205)
- Tax, wage and social debts -€7,063
down €7,063 (-55.3%), from €12,775 to €5,712
of which Taxes: -€5,785
- Other debts +€2,045
up €2,045 (+7.8%), from €26,053 to €28,098
- Gross operating margin +€13,031
up €13,031, from -€2,201 to €10,830
- Staff costs -€1,421
down €1,421 (-8.4%), from €16,851 to €15,429
- Other operating charges -€541
down €541 (-57.5%), from €941 to €400
- Taxes +€521
new in 2025: €521
- Financial charges +€387
up €387 (+4.9%), from €7,886 to €8,273
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 | €41,657 | €14,063 | -€27,594 | -66.2% |
| Fixed assets | 21/28 | €4,309 | €3,446 | -€863 | -20.0% |
| Tangible fixed assets | 22/27 | €2,309 | €1,446 | -€863 | -37.4% |
| Furniture and vehicles | 24 | €421 | €188 | -€234 | -55.5% |
| Other tangible fixed assets | 26 | €1,888 | €1,258 | -€629 | -33.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €37,348 | €10,617 | -€26,731 | -71.6% |
| Stocks and contracts in progress | 3 | €34,030 | €5,500 | -€28,530 | -83.8% |
| Stocks | 30/36 | €34,030 | €5,500 | -€28,530 | -83.8% |
| Amounts receivable within one year | 40/41 | €2,793 | - | -€2,793 | |
| Trade receivables | 40 | €2,793 | - | -€2,793 | |
| Cash at bank and in hand | 54/58 | €342 | €4,926 | +€4,585 | +1,342% |
| Deferred charges and accrued income | 490/1 | €184 | €191 | +€7 | +4.0% |
| Total equity and liabilities | 10/49 | €41,657 | €14,063 | -€27,594 | -66.2% |
| Equity | 10/15 | -€8,193 | -€22,849 | -€14,656 | -179% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,793 | -€41,449 | -€14,656 | -54.7% |
| Amounts payable | 17/49 | €49,850 | €36,912 | -€12,938 | -26.0% |
| Amounts payable within one year | 42/48 | €49,850 | €36,912 | -€12,938 | -26.0% |
| Financial debts | 43 | €8,205 | - | -€8,205 | |
| Credit institutions | 430/8 | €8,205 | - | -€8,205 | |
| Trade debts | 44 | €2,818 | €3,102 | +€285 | +10.1% |
| Suppliers | 440/4 | €2,818 | €3,102 | +€285 | +10.1% |
| Taxes, remuneration and social security | 45 | €12,775 | €5,712 | -€7,063 | -55.3% |
| Taxes | 450/3 | €9,346 | €3,561 | -€5,785 | -61.9% |
| Remuneration and social security | 454/9 | €3,429 | €2,151 | -€1,278 | -37.3% |
| Other amounts payable | 47/48 | €26,053 | €28,098 | +€2,045 | +7.8% |
| Remuneration, social security and pensions | 62 | €16,851 | €15,429 | -€1,421 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €863 | = | 0.0% |
| Other operating charges | 640/8 | €941 | €400 | -€541 | -57.5% |
| Gross operating margin | 9900 | -€2,201 | €10,830 | +€13,031 | |
| Operating profit (loss) | 9901 | -€20,855 | -€5,862 | +€14,993 | +71.9% |
| Financial income | 75/76B | €8 | €1 | -€7 | -91.6% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -91.6% |
| Financial charges | 65/66B | €7,886 | €8,273 | +€387 | +4.9% |
| Recurring financial charges | 65 | €7,886 | €8,273 | +€387 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,733 | -€14,134 | +€14,599 | +50.8% |
| Income taxes | 67/77 | - | €521 | +€521 | |
| Profit (loss) for the period | 9904 | -€28,733 | -€14,656 | +€14,078 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,733 | -€14,656 | +€14,078 | +49.0% |
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 16 October 2026 via checked.be.