MALON PCBM: 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.
MALON PCBM
Largest movements
- Receivables within one year +€25,956
up €25,956 (+107%), from €24,349 to €50,305
of which Other amounts receivable: +€30,156
- Tangible fixed assets -€21,343
down €21,343 (-23.3%), from €91,641 to €70,298
- Cash -€16,391
down €16,391 (-49.5%), from €33,081 to €16,690
mainly Contributions, distributions and other (-€45,000) and Receivables within one year (-€25,956)
- Intangible fixed assets -€9,005
no longer reported in 2025 (was €9,005)
- Other debts +€20,827
up €20,827 (+103%), from €20,250 to €41,077
- Debts after one year -€20,807
down €20,807 (-66.0%), from €31,532 to €10,725
- Contributions -€7,843
down €7,843 (-42.2%), from €18,600 to €10,757
- Tax, wage and social debts -€7,289
down €7,289 (-65.2%), from €11,186 to €3,897
- Profit (loss) carried forward -€6,220
down €6,220 (-10.9%), from €57,184 to €50,964
- Gross operating margin -€57,472
down €57,472 (-42.7%), from €134,504 to €77,032
- Depreciation -€16,288
down €16,288 (-33.8%), from €48,136 to €31,848
- Taxes -€10,923
down €10,923 (-49.1%), from €22,253 to €11,330
- Other operating charges -€4,881
down €4,881 (-78.4%), from €6,227 to €1,346
- Financial charges -€2,413
down €2,413 (-53.1%), from €4,541 to €2,128
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 | €159,180 | €138,579 | -€20,601 | -12.9% |
| Fixed assets | 21/28 | €100,646 | €70,298 | -€30,348 | -30.2% |
| Intangible fixed assets | 21 | €9,005 | - | -€9,005 | |
| Tangible fixed assets | 22/27 | €91,641 | €70,298 | -€21,343 | -23.3% |
| Furniture and vehicles | 24 | €91,641 | €70,298 | -€21,343 | -23.3% |
| Current assets | 29/58 | €58,534 | €68,281 | +€9,747 | +16.7% |
| Amounts receivable within one year | 40/41 | €24,349 | €50,305 | +€25,956 | +107% |
| Trade receivables | 40 | €24,200 | €20,000 | -€4,200 | -17.4% |
| Other amounts receivable | 41 | €149 | €30,305 | +€30,156 | +20,239% |
| Cash at bank and in hand | 54/58 | €33,081 | €16,690 | -€16,391 | -49.5% |
| Deferred charges and accrued income | 490/1 | €1,104 | €1,286 | +€182 | +16.5% |
| Total equity and liabilities | 10/49 | €159,180 | €138,579 | -€20,601 | -12.9% |
| Equity | 10/15 | €75,784 | €61,721 | -€14,063 | -18.6% |
| Contributions | 10/11 | €18,600 | €10,757 | -€7,843 | -42.2% |
| Profit (loss) carried forward | 14 | €57,184 | €50,964 | -€6,220 | -10.9% |
| Amounts payable | 17/49 | €83,396 | €76,858 | -€6,538 | -7.8% |
| Amounts payable after more than one year | 17 | €31,532 | €10,725 | -€20,807 | -66.0% |
| Financial debts | 170/4 | €31,532 | €10,725 | -€20,807 | -66.0% |
| Amounts payable within one year | 42/48 | €51,864 | €66,133 | +€14,269 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €19,979 | €20,807 | +€828 | +4.1% |
| Trade debts | 44 | €449 | €352 | -€97 | -21.6% |
| Suppliers | 440/4 | €449 | €352 | -€97 | -21.6% |
| Taxes, remuneration and social security | 45 | €11,186 | €3,897 | -€7,289 | -65.2% |
| Taxes | 450/3 | €11,186 | €3,897 | -€7,289 | -65.2% |
| Other amounts payable | 47/48 | €20,250 | €41,077 | +€20,827 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,136 | €31,848 | -€16,288 | -33.8% |
| Other operating charges | 640/8 | €6,227 | €1,346 | -€4,881 | -78.4% |
| Gross operating margin | 9900 | €134,504 | €77,032 | -€57,472 | -42.7% |
| Operating profit (loss) | 9901 | €80,141 | €43,838 | -€36,303 | -45.3% |
| Financial income | 75/76B | - | €557 | +€557 | |
| Recurring financial income | 75 | - | €557 | +€557 | |
| Financial charges | 65/66B | €4,541 | €2,128 | -€2,413 | -53.1% |
| Recurring financial charges | 65 | €4,541 | €2,128 | -€2,413 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €75,600 | €42,267 | -€33,333 | -44.1% |
| Income taxes | 67/77 | €22,253 | €11,330 | -€10,923 | -49.1% |
| Profit (loss) for the period | 9904 | €53,347 | €30,937 | -€22,410 | -42.0% |
| Transfer from tax-exempt reserves | 789 | €18,750 | - | -€18,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,097 | €30,937 | -€41,160 | -57.1% |
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 15 October 2026 via checked.be.