MALOA: 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.
MALOA
Largest movements
- Stocks and contracts +€4,514
up €4,514 (+46.6%), from €9,691 to €14,205
- Receivables within one year -€3,019
down €3,019 (-61.7%), from €4,889 to €1,870
- Other debts +€4,362
up €4,362 (+22.0%), from €19,827 to €24,189
- Trade debts -€2,028
down €2,028 (-37.0%), from €5,475 to €3,447
- Tax, wage and social debts -€1,110
down €1,110 (-39.2%), from €2,829 to €1,719
of which Taxes: -€590
- Profit (loss) carried forward -€355
down €355 (-5.4%), from -€6,530 to -€6,885
- Accrued charges and deferred income +€304
new in 2025: €304
- Gross operating margin -€3,619
down €3,619 (-49.4%), from €7,321 to €3,702
- Taxes -€692
no longer reported in 2025 (was €692)
- Financial charges -€293
down €293 (-87.9%), from €333 to €40
- Other operating charges +€185
up €185 (+4.8%), from €3,832 to €4,017
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 | €27,801 | €28,974 | +€1,173 | +4.2% |
| Fixed assets | 21/28 | €42 | €42 | = | 0.0% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €27,758 | €28,932 | +€1,173 | +4.2% |
| Stocks and contracts in progress | 3 | €9,691 | €14,205 | +€4,514 | +46.6% |
| Stocks | 30/36 | €9,691 | €14,205 | +€4,514 | +46.6% |
| Amounts receivable within one year | 40/41 | €4,889 | €1,870 | -€3,019 | -61.7% |
| Trade receivables | 40 | €4,889 | €1,870 | -€3,019 | -61.7% |
| Cash at bank and in hand | 54/58 | €12,943 | €12,856 | -€87 | -0.7% |
| Deferred charges and accrued income | 490/1 | €234 | - | -€234 | |
| Total equity and liabilities | 10/49 | €27,801 | €28,974 | +€1,173 | +4.2% |
| Equity | 10/15 | -€330 | -€685 | -€355 | -107.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,530 | -€6,885 | -€355 | -5.4% |
| Amounts payable | 17/49 | €28,131 | €29,659 | +€1,529 | +5.4% |
| Amounts payable within one year | 42/48 | €28,131 | €29,355 | +€1,225 | +4.4% |
| Trade debts | 44 | €5,475 | €3,447 | -€2,028 | -37.0% |
| Suppliers | 440/4 | €5,475 | €3,447 | -€2,028 | -37.0% |
| Taxes, remuneration and social security | 45 | €2,829 | €1,719 | -€1,110 | -39.2% |
| Taxes | 450/3 | €2,309 | €1,719 | -€590 | -25.5% |
| Remuneration and social security | 454/9 | €520 | - | -€520 | |
| Other amounts payable | 47/48 | €19,827 | €24,189 | +€4,362 | +22.0% |
| Accrued charges and deferred income | 492/3 | - | €304 | +€304 | |
| Other operating charges | 640/8 | €3,832 | €4,017 | +€185 | +4.8% |
| Gross operating margin | 9900 | €7,321 | €3,702 | -€3,619 | -49.4% |
| Operating profit (loss) | 9901 | €3,489 | -€315 | -€3,804 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €333 | €40 | -€293 | -87.9% |
| Recurring financial charges | 65 | €333 | €40 | -€293 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €3,157 | -€355 | -€3,513 | |
| Income taxes | 67/77 | €692 | - | -€692 | |
| Profit (loss) for the period | 9904 | €2,466 | -€355 | -€2,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,466 | -€355 | -€2,821 |
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 5 October 2026 via checked.be.