Maloe: 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.
Maloe
Largest movements
- Tangible fixed assets +€10,793
up €10,793 (+14.3%), from €75,320 to €86,113
of which Plant, machinery and equipment: +€27,122
- Receivables within one year -€9,641
down €9,641 (-73.6%), from €13,096 to €3,456
of which Trade receivables: -€9,102
- Stocks and contracts +€7,344
up €7,344 (+448.8%), from €1,636 to €8,980
- Cash -€6,298
down €6,298 (-52.5%), from €11,994 to €5,696
mainly Investment in fixed assets (net) (-€34,896) and Net result for the year (-€18,414)
- Other debts +€33,452
up €33,452 (+58.7%), from €57,003 to €90,456
- Reserves -€12,099
down €12,099 (-100.0%), from €12,099 to €0
- Debts after one year -€10,496
down €10,496 (-100.0%), from €10,496 to €0
- Profit (loss) carried forward -€6,315
new in 2025: -€6,315
- Current portion of long-term debt -€1,471
down €1,471 (-12.3%), from €11,967 to €10,496
- Gross operating margin -€19,879
down €19,879 (-70.8%), from €28,060 to €8,182
- Depreciation +€6,581
up €6,581 (+37.6%), from €17,522 to €24,103
- Taxes -€3,499
down €3,499 (-85.6%), from €4,086 to €587
- Financial charges -€699
down €699 (-38.5%), from €1,814 to €1,115
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 | €103,284 | €105,796 | +€2,512 | +2.4% |
| Fixed assets | 21/28 | €75,320 | €86,113 | +€10,793 | +14.3% |
| Tangible fixed assets | 22/27 | €75,320 | €86,113 | +€10,793 | +14.3% |
| Plant, machinery and equipment | 23 | €16,696 | €43,818 | +€27,122 | +162.4% |
| Furniture and vehicles | 24 | €58,623 | €42,295 | -€16,328 | -27.9% |
| Current assets | 29/58 | €27,964 | €19,683 | -€8,281 | -29.6% |
| Stocks and contracts in progress | 3 | €1,636 | €8,980 | +€7,344 | +448.8% |
| Stocks | 30/36 | €1,636 | €8,980 | +€7,344 | +448.8% |
| Amounts receivable within one year | 40/41 | €13,096 | €3,456 | -€9,641 | -73.6% |
| Trade receivables | 40 | €10,501 | €1,399 | -€9,102 | -86.7% |
| Other amounts receivable | 41 | €2,595 | €2,057 | -€538 | -20.7% |
| Cash at bank and in hand | 54/58 | €11,994 | €5,696 | -€6,298 | -52.5% |
| Deferred charges and accrued income | 490/1 | €1,238 | €1,552 | +€314 | +25.3% |
| Total equity and liabilities | 10/49 | €103,284 | €105,796 | +€2,512 | +2.4% |
| Equity | 10/15 | €17,099 | -€1,315 | -€18,414 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,099 | €0 | -€12,099 | -100.0% |
| Distributable reserves | 133 | €12,099 | €0 | -€12,099 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€6,315 | -€6,315 | |
| Amounts payable | 17/49 | €86,185 | €107,111 | +€20,926 | +24.3% |
| Amounts payable after more than one year | 17 | €10,496 | €0 | -€10,496 | -100.0% |
| Financial debts | 170/4 | €10,496 | €0 | -€10,496 | -100.0% |
| Amounts payable within one year | 42/48 | €75,689 | €107,111 | +€31,422 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €11,967 | €10,496 | -€1,471 | -12.3% |
| Trade debts | 44 | €130 | €800 | +€670 | +517.1% |
| Suppliers | 440/4 | €130 | €800 | +€670 | +517.1% |
| Taxes, remuneration and social security | 45 | €6,589 | €5,360 | -€1,229 | -18.7% |
| Taxes | 450/3 | €6,589 | €5,360 | -€1,229 | -18.7% |
| Other amounts payable | 47/48 | €57,003 | €90,456 | +€33,452 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,522 | €24,103 | +€6,581 | +37.6% |
| Other operating charges | 640/8 | €975 | €792 | -€183 | -18.8% |
| Gross operating margin | 9900 | €28,060 | €8,182 | -€19,879 | -70.8% |
| Operating profit (loss) | 9901 | €9,564 | -€16,713 | -€26,277 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,814 | €1,115 | -€699 | -38.5% |
| Recurring financial charges | 65 | €1,814 | €1,115 | -€699 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €7,750 | -€17,827 | -€25,577 | |
| Income taxes | 67/77 | €4,086 | €587 | -€3,499 | -85.6% |
| Profit (loss) for the period | 9904 | €3,664 | -€18,414 | -€22,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,664 | -€18,414 | -€22,079 |
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.