MALOK: 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.
MALOK
Largest movements
- Receivables within one year +€78,692
up €78,692 (+355.3%), from €22,145 to €100,838
of which Trade receivables: +€81,574
- Tangible fixed assets +€7,528
up €7,528 (+2.1%), from €350,320 to €357,848
of which Land and buildings: +€14,288
- Debts after one year +€56,710
up €56,710 (+23.5%), from €241,157 to €297,866
- Profit (loss) carried forward +€45,102
up €45,102 (+102.1%), from €44,157 to €89,259
- Trade debts -€22,178
down €22,178 (-97.4%), from €22,763 to €585
- Other debts -€19,321
down €19,321 (-63.3%), from €30,526 to €11,205
- Reserves +€15,000
up €15,000 (+100.0%), from €15,000 to €30,000
- Gross operating margin +€115,663
up €115,663 (+2572.1%), from €4,497 to €120,160
- Taxes +€6,613
up €6,613 (+567.6%), from €1,165 to €7,778
- Financial charges +€4,153
up €4,153 (+40.6%), from €10,240 to €14,393
- Depreciation -€3,705
down €3,705 (-10.5%), from €35,416 to €31,710
- Other operating charges +€2,545
up €2,545 (+70.0%), from €3,633 to €6,178
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 | €390,383 | €479,014 | +€88,632 | +22.7% |
| Fixed assets | 21/28 | €350,320 | €357,848 | +€7,528 | +2.1% |
| Tangible fixed assets | 22/27 | €350,320 | €357,848 | +€7,528 | +2.1% |
| Land and buildings | 22 | €334,918 | €349,206 | +€14,288 | +4.3% |
| Plant, machinery and equipment | 23 | €5,083 | €4,811 | -€272 | -5.4% |
| Furniture and vehicles | 24 | €10,318 | €3,830 | -€6,488 | -62.9% |
| Current assets | 29/58 | €40,063 | €121,166 | +€81,104 | +202.4% |
| Amounts receivable within one year | 40/41 | €22,145 | €100,838 | +€78,692 | +355.3% |
| Trade receivables | 40 | €18,607 | €100,181 | +€81,574 | +438.4% |
| Other amounts receivable | 41 | €3,538 | €656 | -€2,882 | -81.5% |
| Cash at bank and in hand | 54/58 | €17,918 | €19,609 | +€1,691 | +9.4% |
| Deferred charges and accrued income | 490/1 | - | €720 | +€720 | |
| Total equity and liabilities | 10/49 | €390,383 | €479,014 | +€88,632 | +22.7% |
| Equity | 10/15 | €66,157 | €126,259 | +€60,102 | +90.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Distributable reserves | 133 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Profit (loss) carried forward | 14 | €44,157 | €89,259 | +€45,102 | +102.1% |
| Amounts payable | 17/49 | €324,225 | €352,755 | +€28,530 | +8.8% |
| Amounts payable after more than one year | 17 | €241,157 | €297,866 | +€56,710 | +23.5% |
| Financial debts | 170/4 | €241,157 | €297,866 | +€56,710 | +23.5% |
| Amounts payable within one year | 42/48 | €83,069 | €54,889 | -€28,180 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €17,479 | €18,290 | +€811 | +4.6% |
| Trade debts | 44 | €22,763 | €585 | -€22,178 | -97.4% |
| Suppliers | 440/4 | €22,763 | €585 | -€22,178 | -97.4% |
| Taxes, remuneration and social security | 45 | €12,300 | €24,808 | +€12,508 | +101.7% |
| Taxes | 450/3 | €6,000 | €18,508 | +€12,508 | +208.5% |
| Remuneration and social security | 454/9 | €6,300 | €6,300 | = | 0.0% |
| Other amounts payable | 47/48 | €30,526 | €11,205 | -€19,321 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,416 | €31,710 | -€3,705 | -10.5% |
| Other operating charges | 640/8 | €3,633 | €6,178 | +€2,545 | +70.0% |
| Gross operating margin | 9900 | €4,497 | €120,160 | +€115,663 | +2572.1% |
| Operating profit (loss) | 9901 | -€34,552 | €82,272 | +€116,824 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +69.8% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +69.8% |
| Financial charges | 65/66B | €10,240 | €14,393 | +€4,153 | +40.6% |
| Recurring financial charges | 65 | €10,240 | €14,393 | +€4,153 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | -€44,792 | €67,880 | +€112,671 | |
| Income taxes | 67/77 | €1,165 | €7,778 | +€6,613 | +567.6% |
| Profit (loss) for the period | 9904 | -€45,957 | €60,102 | +€106,058 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,957 | €60,102 | +€106,058 |
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 11 October 2026 via checked.be.