MALOCO: 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.
MALOCO
Largest movements
- Financial fixed assets -€175,000
down €175,000 (-71.4%), from €245,000 to €70,000
- Receivables after one year +€73,053
new in 2025: €73,053
- Receivables within one year +€11,424
up €11,424 (+2623.4%), from €435 to €11,859
- Cash +€9,421
up €9,421 (+425.6%), from €2,213 to €11,634
mainly Investment in fixed assets (net) (+€173,212) and Trade debts (+€20,326)
- Profit (loss) carried forward -€92,815
down €92,815, from €38,029 to -€54,786
- Trade debts +€20,326
up €20,326 (+553.7%), from €3,671 to €23,997
- Other debts -€3,670
down €3,670 (-1.8%), from €206,369 to €202,699
- Tax, wage and social debts -€3,608
down €3,608 (-77.6%), from €4,648 to €1,041
- Gross operating margin -€91,744
down €91,744, from €6,575 to -€85,169
- Depreciation +€1,511
up €1,511 (+180.4%), from €838 to €2,349
- Taxes -€1,059
down €1,059 (-81.5%), from €1,300 to €241
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 | €255,218 | €175,451 | -€79,767 | -31.3% |
| Fixed assets | 21/28 | €251,903 | €76,342 | -€175,561 | -69.7% |
| Tangible fixed assets | 22/27 | €6,903 | €6,342 | -€561 | -8.1% |
| Plant, machinery and equipment | 23 | €6,903 | €2,891 | -€4,012 | -58.1% |
| Furniture and vehicles | 24 | - | €3,451 | +€3,451 | |
| Financial fixed assets | 28 | €245,000 | €70,000 | -€175,000 | -71.4% |
| Current assets | 29/58 | €3,315 | €99,109 | +€95,795 | +2890.1% |
| Amounts receivable after more than one year | 29 | - | €73,053 | +€73,053 | |
| Other amounts receivable | 291 | - | €73,053 | +€73,053 | |
| Amounts receivable within one year | 40/41 | €435 | €11,859 | +€11,424 | +2623.4% |
| Other amounts receivable | 41 | €435 | €11,859 | +€11,424 | +2623.4% |
| Cash at bank and in hand | 54/58 | €2,213 | €11,634 | +€9,421 | +425.6% |
| Deferred charges and accrued income | 490/1 | €666 | €2,563 | +€1,897 | +285.0% |
| Total equity and liabilities | 10/49 | €255,218 | €175,451 | -€79,767 | -31.3% |
| Equity | 10/15 | €40,529 | -€52,286 | -€92,815 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,029 | -€54,786 | -€92,815 | |
| Amounts payable | 17/49 | €214,688 | €227,737 | +€13,048 | +6.1% |
| Amounts payable within one year | 42/48 | €214,688 | €227,737 | +€13,048 | +6.1% |
| Trade debts | 44 | €3,671 | €23,997 | +€20,326 | +553.7% |
| Suppliers | 440/4 | €3,671 | €23,997 | +€20,326 | +553.7% |
| Taxes, remuneration and social security | 45 | €4,648 | €1,041 | -€3,608 | -77.6% |
| Taxes | 450/3 | €4,648 | €1,041 | -€3,608 | -77.6% |
| Other amounts payable | 47/48 | €206,369 | €202,699 | -€3,670 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €2,349 | +€1,511 | +180.4% |
| Other operating charges | 640/8 | €687 | €558 | -€130 | -18.9% |
| Gross operating margin | 9900 | €6,575 | -€85,169 | -€91,744 | |
| Operating profit (loss) | 9901 | €5,050 | -€88,076 | -€93,126 | |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €4,620 | €4,514 | -€106 | -2.3% |
| Recurring financial charges | 65 | €4,620 | €4,514 | -€106 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €430 | -€92,574 | -€93,004 | |
| Income taxes | 67/77 | €1,300 | €241 | -€1,059 | -81.5% |
| Profit (loss) for the period | 9904 | -€870 | -€92,815 | -€91,945 | -10569.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€870 | -€92,815 | -€91,945 | -10569.4% |
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 6 October 2026 via checked.be.