MALOHA: 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.
MALOHA
Largest movements
- Tangible fixed assets +€47,848
up €47,848 (+10.0%), from €476,642 to €524,490
- Profit (loss) carried forward +€61,989
up €61,989 (+166.4%), from €37,246 to €99,234
- Other debts -€25,000
down €25,000 (-6.8%), from €368,710 to €343,710
- Financial income +€40,000
new in 2025: €40,000
- Depreciation +€2,760
up €2,760 (+19.2%), from €14,379 to €17,139
- Financial charges -€2,130
down €2,130 (-11.9%), from €17,965 to €15,834
- Taxes +€1,448
up €1,448 (+18.7%), from €7,746 to €9,195
- Gross operating margin +€1,072
up €1,072 (+1.5%), from €71,141 to €72,214
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 | €1,080,449 | €1,125,616 | +€45,167 | +4.2% |
| Fixed assets | 21/28 | €1,076,642 | €1,124,490 | +€47,848 | +4.4% |
| Tangible fixed assets | 22/27 | €476,642 | €524,490 | +€47,848 | +10.0% |
| Land and buildings | 22 | €476,642 | €524,490 | +€47,848 | +10.0% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €3,807 | €1,126 | -€2,681 | -70.4% |
| Cash at bank and in hand | 54/58 | €3,807 | €1,126 | -€2,681 | -70.4% |
| Total equity and liabilities | 10/49 | €1,080,449 | €1,125,616 | +€45,167 | +4.2% |
| Equity | 10/15 | €43,246 | €105,234 | +€61,989 | +143.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,246 | €99,234 | +€61,989 | +166.4% |
| Amounts payable | 17/49 | €1,037,203 | €1,020,382 | -€16,821 | -1.6% |
| Amounts payable after more than one year | 17 | €611,151 | €609,416 | -€1,735 | -0.3% |
| Financial debts | 170/4 | €611,151 | €609,416 | -€1,735 | -0.3% |
| Amounts payable within one year | 42/48 | €426,052 | €410,966 | -€15,086 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €44,910 | €50,315 | +€5,405 | +12.0% |
| Trade debts | 44 | €4,685 | €8,444 | +€3,758 | +80.2% |
| Suppliers | 440/4 | €4,685 | €8,444 | +€3,758 | +80.2% |
| Taxes, remuneration and social security | 45 | €7,746 | €8,497 | +€751 | +9.7% |
| Taxes | 450/3 | €7,746 | €8,497 | +€751 | +9.7% |
| Other amounts payable | 47/48 | €368,710 | €343,710 | -€25,000 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,379 | €17,139 | +€2,760 | +19.2% |
| Other operating charges | 640/8 | €7,812 | €8,057 | +€245 | +3.1% |
| Gross operating margin | 9900 | €71,141 | €72,214 | +€1,072 | +1.5% |
| Operating profit (loss) | 9901 | €48,950 | €47,018 | -€1,933 | -3.9% |
| Financial income | 75/76B | - | €40,000 | +€40,000 | |
| Recurring financial income | 75 | - | €40,000 | +€40,000 | |
| Financial charges | 65/66B | €17,965 | €15,834 | -€2,130 | -11.9% |
| Recurring financial charges | 65 | €17,965 | €15,834 | -€2,130 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €30,986 | €71,183 | +€40,197 | +129.7% |
| Income taxes | 67/77 | €7,746 | €9,195 | +€1,448 | +18.7% |
| Profit (loss) for the period | 9904 | €23,239 | €61,989 | +€38,749 | +166.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,239 | €61,989 | +€38,749 | +166.7% |
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 10 October 2026 via checked.be.