Maloem: 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.
Maloem
Largest movements
- Receivables within one year -€266,349
down €266,349 (-71.6%), from €372,109 to €105,759
of which Trade receivables: -€252,890
- Tangible fixed assets -€41,913
down €41,913 (-14.2%), from €294,971 to €253,059
of which Plant, machinery and equipment: -€41,913
- Cash -€39,066
down €39,066 (-99.8%), from €39,131 to €65
mainly Trade debts (-€299,502) and Net result for the year (-€46,567)
- Trade debts -€299,502
down €299,502 (-66.2%), from €452,668 to €153,166
- Reserves -€46,567
down €46,567 (-84.5%), from €55,109 to €8,542
- Other debts -€25,837
down €25,837 (-15.5%), from €167,219 to €141,382
- Accrued charges and deferred income +€24,847
up €24,847 (+8,892%), from €279 to €25,126
- Gross operating margin -€121,468
down €121,468 (-83.3%), from €145,772 to €24,303
- Taxes -€18,267
down €18,267 (-100%), from €18,267 to €0
- Depreciation -€7,953
down €7,953 (-10.1%), from €78,565 to €70,613
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 | €706,276 | €358,883 | -€347,393 | -49.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €294,971 | €253,059 | -€41,913 | -14.2% |
| Tangible fixed assets | 22/27 | €294,971 | €253,059 | -€41,913 | -14.2% |
| Plant, machinery and equipment | 23 | €294,971 | €253,059 | -€41,913 | -14.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €411,305 | €105,825 | -€305,480 | -74.3% |
| Amounts receivable within one year | 40/41 | €372,109 | €105,759 | -€266,349 | -71.6% |
| Trade receivables | 40 | €357,232 | €104,342 | -€252,890 | -70.8% |
| Other amounts receivable | 41 | €14,877 | €1,418 | -€13,459 | -90.5% |
| Cash at bank and in hand | 54/58 | €39,131 | €65 | -€39,066 | -99.8% |
| Deferred charges and accrued income | 490/1 | €65 | - | -€65 | |
| Total equity and liabilities | 10/49 | €706,276 | €358,883 | -€347,393 | -49.2% |
| Equity | 10/15 | €67,509 | €20,942 | -€46,567 | -69.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,109 | €8,542 | -€46,567 | -84.5% |
| Distributable reserves | 133 | €55,109 | €8,542 | -€46,567 | -84.5% |
| Amounts payable | 17/49 | €638,767 | €337,941 | -€300,826 | -47.1% |
| Amounts payable within one year | 42/48 | €638,488 | €312,815 | -€325,672 | -51.0% |
| Trade debts | 44 | €452,668 | €153,166 | -€299,502 | -66.2% |
| Suppliers | 440/4 | €452,668 | €153,166 | -€299,502 | -66.2% |
| Taxes, remuneration and social security | 45 | €18,601 | €18,267 | -€334 | -1.8% |
| Taxes | 450/3 | €18,601 | €18,267 | -€334 | -1.8% |
| Other amounts payable | 47/48 | €167,219 | €141,382 | -€25,837 | -15.5% |
| Accrued charges and deferred income | 492/3 | €279 | €25,126 | +€24,847 | +8,892% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,565 | €70,613 | -€7,953 | -10.1% |
| Other operating charges | 640/8 | €243 | €613 | +€371 | +153% |
| Gross operating margin | 9900 | €145,772 | €24,303 | -€121,468 | -83.3% |
| Operating profit (loss) | 9901 | €66,964 | -€46,923 | -€113,886 | |
| Financial income | 75/76B | - | €468 | +€468 | |
| Recurring financial income | 75 | - | €468 | +€468 | |
| Financial charges | 65/66B | €51 | €112 | +€61 | +120% |
| Recurring financial charges | 65 | €51 | €112 | +€61 | +120% |
| Profit (loss) for the period before taxes | 9903 | €66,913 | -€46,567 | -€113,479 | |
| Income taxes | 67/77 | €18,267 | €0 | -€18,267 | -100% |
| Profit (loss) for the period | 9904 | €48,646 | -€46,567 | -€95,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,646 | -€46,567 | -€95,213 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.