Maloelaba: 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.
Maloelaba
Largest movements
- Stocks and contracts +€22,126
up €22,126 (+31.0%), from €71,402 to €93,528
- Receivables within one year +€12,238
up €12,238 (+60.5%), from €20,214 to €32,452
of which Other amounts receivable: +€11,373
- Tangible fixed assets -€11,296
down €11,296 (-15.3%), from €73,676 to €62,380
of which Land and buildings: -€11,161
- Cash -€6,947
down €6,947 (-6.8%), from €101,645 to €94,699
mainly Contributions, distributions and other (-€53,048) and Stocks and contracts (-€22,126)
- Deferred charges and accrued income +€6,766
up €6,766 (+70.8%), from €9,554 to €16,319
- Other debts +€49,424
up €49,424 (+28,083%), from €176 to €49,600
- Reserves -€27,394
down €27,394 (-15.7%), from €174,360 to €146,966
- Tax, wage and social debts +€9,458
up €9,458 (+2,248%), from €421 to €9,878
- Trade debts -€8,600
down €8,600 (-39.9%), from €21,535 to €12,935
- Gross operating margin -€37,037
down €37,037 (-39.9%), from €92,748 to €55,712
- Taxes -€10,718
down €10,718 (-45.7%), from €23,441 to €12,723
- Other operating charges -€1,019
down €1,019 (-21.3%), from €4,784 to €3,766
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,492 | €299,379 | +€22,887 | +8.3% |
| Fixed assets | 21/28 | €73,676 | €62,380 | -€11,296 | -15.3% |
| Tangible fixed assets | 22/27 | €73,676 | €62,380 | -€11,296 | -15.3% |
| Land and buildings | 22 | €73,407 | €62,246 | -€11,161 | -15.2% |
| Plant, machinery and equipment | 23 | €270 | €135 | -€135 | -50.0% |
| Current assets | 29/58 | €202,815 | €236,999 | +€34,183 | +16.9% |
| Stocks and contracts in progress | 3 | €71,402 | €93,528 | +€22,126 | +31.0% |
| Stocks | 30/36 | €71,402 | €93,528 | +€22,126 | +31.0% |
| Amounts receivable within one year | 40/41 | €20,214 | €32,452 | +€12,238 | +60.5% |
| Trade receivables | 40 | €13,655 | €14,520 | +€865 | +6.3% |
| Other amounts receivable | 41 | €6,559 | €17,932 | +€11,373 | +173% |
| Cash at bank and in hand | 54/58 | €101,645 | €94,699 | -€6,947 | -6.8% |
| Deferred charges and accrued income | 490/1 | €9,554 | €16,319 | +€6,766 | +70.8% |
| Total equity and liabilities | 10/49 | €276,492 | €299,379 | +€22,887 | +8.3% |
| Equity | 10/15 | €254,360 | €226,966 | -€27,394 | -10.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €174,360 | €146,966 | -€27,394 | -15.7% |
| Distributable reserves | 133 | €174,360 | €146,966 | -€27,394 | -15.7% |
| Amounts payable | 17/49 | €22,132 | €72,413 | +€50,281 | +227% |
| Amounts payable within one year | 42/48 | €22,132 | €72,413 | +€50,281 | +227% |
| Trade debts | 44 | €21,535 | €12,935 | -€8,600 | -39.9% |
| Suppliers | 440/4 | €21,535 | €12,935 | -€8,600 | -39.9% |
| Taxes, remuneration and social security | 45 | €421 | €9,878 | +€9,458 | +2,248% |
| Taxes | 450/3 | €421 | €9,878 | +€9,458 | +2,248% |
| Other amounts payable | 47/48 | €176 | €49,600 | +€49,424 | +28,083% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,296 | €11,296 | = | 0.0% |
| Other operating charges | 640/8 | €4,784 | €3,766 | -€1,019 | -21.3% |
| Gross operating margin | 9900 | €92,748 | €55,712 | -€37,037 | -39.9% |
| Operating profit (loss) | 9901 | €76,668 | €40,650 | -€36,018 | -47.0% |
| Financial income | 75/76B | €311 | €451 | +€139 | +44.8% |
| Recurring financial income | 75 | €311 | €451 | +€139 | +44.8% |
| Financial charges | 65/66B | €2,087 | €2,724 | +€636 | +30.5% |
| Recurring financial charges | 65 | €2,087 | €2,724 | +€636 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €74,892 | €38,377 | -€36,515 | -48.8% |
| Income taxes | 67/77 | €23,441 | €12,723 | -€10,718 | -45.7% |
| Profit (loss) for the period | 9904 | €51,451 | €25,654 | -€25,797 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,451 | €25,654 | -€25,797 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.