MALO SOLUTION: 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 SOLUTION
Largest movements
- Intangible fixed assets +€90,566
up €90,566 (+53.4%), from €169,515 to €260,081
- Cash +€13,740
up €13,740 (+56.9%), from €24,159 to €37,899
mainly Other debts (+€350,993) and Depreciation (+€78,322)
- Other debts +€350,993
up €350,993 (+544%), from €64,542 to €415,535
- Profit (loss) carried forward -€260,814
down €260,814 (-367%), from -€70,982 to -€331,797
- Tax, wage and social debts +€9,701
up €9,701 (+162%), from €6,000 to €15,701
of which Remuneration and social security: +€9,558
- Trade debts +€7,919
up €7,919 (+118%), from €6,728 to €14,646
- Gross operating margin -€108,042
down €108,042 (-679%), from -€15,910 to -€123,953
- Staff costs +€56,504
new in 2025: €56,504
- Depreciation +€31,764
up €31,764 (+68.2%), from €46,559 to €78,322
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 | €201,287 | €309,086 | +€107,799 | +53.6% |
| Fixed assets | 21/28 | €171,150 | €264,811 | +€93,661 | +54.7% |
| Intangible fixed assets | 21 | €169,515 | €260,081 | +€90,566 | +53.4% |
| Tangible fixed assets | 22/27 | €1,635 | €4,461 | +€2,825 | +173% |
| Furniture and vehicles | 24 | €1,635 | €4,461 | +€2,825 | +173% |
| Financial fixed assets | 28 | - | €270 | +€270 | |
| Current assets | 29/58 | €30,137 | €44,275 | +€14,138 | +46.9% |
| Amounts receivable within one year | 40/41 | €5,978 | €5,376 | -€603 | -10.1% |
| Trade receivables | 40 | €596 | €596 | = | 0.0% |
| Other amounts receivable | 41 | €5,383 | €4,780 | -€603 | -11.2% |
| Cash at bank and in hand | 54/58 | €24,159 | €37,899 | +€13,740 | +56.9% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €201,287 | €309,086 | +€107,799 | +53.6% |
| Equity | 10/15 | €14,018 | -€246,797 | -€260,814 | |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,982 | -€331,797 | -€260,814 | -367% |
| Amounts payable | 17/49 | €187,269 | €555,882 | +€368,613 | +197% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,269 | €445,882 | +€368,613 | +477% |
| Trade debts | 44 | €6,728 | €14,646 | +€7,919 | +118% |
| Suppliers | 440/4 | €6,728 | €14,646 | +€7,919 | +118% |
| Taxes, remuneration and social security | 45 | €6,000 | €15,701 | +€9,701 | +162% |
| Taxes | 450/3 | - | €143 | +€143 | |
| Remuneration and social security | 454/9 | €6,000 | €15,558 | +€9,558 | +159% |
| Other amounts payable | 47/48 | €64,542 | €415,535 | +€350,993 | +544% |
| Remuneration, social security and pensions | 62 | - | €56,504 | +€56,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,559 | €78,322 | +€31,764 | +68.2% |
| Other operating charges | 640/8 | €28 | €742 | +€715 | +2,582% |
| Gross operating margin | 9900 | -€15,910 | -€123,953 | -€108,042 | -679% |
| Operating profit (loss) | 9901 | -€62,497 | -€259,521 | -€197,024 | -315% |
| Financial income | 75/76B | €1 | €0 | -€0 | -96.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -96.0% |
| Financial charges | 65/66B | €512 | €1,150 | +€638 | +125% |
| Recurring financial charges | 65 | €512 | €1,150 | +€638 | +125% |
| Profit (loss) for the period before taxes | 9903 | -€63,008 | -€260,671 | -€197,663 | -314% |
| Income taxes | 67/77 | - | €143 | +€143 | |
| Profit (loss) for the period | 9904 | -€63,008 | -€260,814 | -€197,807 | -314% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,008 | -€260,814 | -€197,807 | -314% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.