MALOSA: what changed
Two fiscal 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.
MALOSA
Largest movements
- Deferred charges and accrued income -€6,932
down €6,932 (-78.6%), from €8,816 to €1,884
- Cash -€451
down €451 (-25.3%), from €1,786 to €1,335
mainly Trade debts (-€4,699) and Tax, wage and social debts (-€2,584)
- Trade debts -€4,699
down €4,699 (-38.6%), from €12,188 to €7,488
- Tax, wage and social debts -€2,584
no longer reported in 2025 (was €2,584)
of which Remuneration and social security: -€2,247
- Profit (loss) carried forward -€1,207
down €1,207 (-4.9%), from -€24,591 to -€25,798
- Other debts +€1,019
up €1,019 (+99.4%), from €1,025 to €2,044
- Gross operating margin -€10,300
down €10,300 (-99.4%), from €10,362 to €62
- Other operating charges -€1,972
down €1,972 (-66.8%), from €2,951 to €978
- Financial charges -€1,379
down €1,379 (-87.5%), from €1,576 to €197
of which Non-recurring financial charges: -€799
- Depreciation -€496
no longer reported in 2025 (was €496)
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 | €12,734 | €5,262 | -€7,472 | -58.7% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €12,734 | €5,262 | -€7,472 | -58.7% |
| Amounts receivable within one year | 40/41 | €2,131 | €2,043 | -€88 | -4.1% |
| Trade receivables | 40 | €2,131 | €2,043 | -€88 | -4.1% |
| Cash at bank and in hand | 54/58 | €1,786 | €1,335 | -€451 | -25.3% |
| Deferred charges and accrued income | 490/1 | €8,816 | €1,884 | -€6,932 | -78.6% |
| Total equity and liabilities | 10/49 | €12,734 | €5,262 | -€7,472 | -58.7% |
| Equity | 10/15 | -€16,481 | -€17,688 | -€1,207 | -7.3% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,591 | -€25,798 | -€1,207 | -4.9% |
| Amounts payable | 17/49 | €29,215 | €22,950 | -€6,264 | -21.4% |
| Amounts payable after more than one year | 17 | €13,418 | €13,418 | = | 0.0% |
| Other amounts payable | 178/9 | €13,418 | €13,418 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,797 | €9,532 | -€6,264 | -39.7% |
| Trade debts | 44 | €12,188 | €7,488 | -€4,699 | -38.6% |
| Suppliers | 440/4 | €12,188 | €7,488 | -€4,699 | -38.6% |
| Taxes, remuneration and social security | 45 | €2,584 | - | -€2,584 | |
| Taxes | 450/3 | €337 | - | -€337 | |
| Remuneration and social security | 454/9 | €2,247 | - | -€2,247 | |
| Other amounts payable | 47/48 | €1,025 | €2,044 | +€1,019 | +99.4% |
| Non-recurring operating income | 76A | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | - | -€496 | |
| Other operating charges | 640/8 | €2,951 | €978 | -€1,972 | -66.8% |
| Gross operating margin | 9900 | €10,362 | €62 | -€10,300 | -99.4% |
| Operating profit (loss) | 9901 | €6,916 | -€917 | -€7,833 | |
| Financial charges | 65/66B | €1,576 | €197 | -€1,379 | -87.5% |
| Recurring financial charges | 65 | €777 | €197 | -€580 | -74.6% |
| Non-recurring financial charges | 66B | €799 | - | -€799 | |
| Profit (loss) for the period before taxes | 9903 | €5,340 | -€1,114 | -€6,454 | |
| Income taxes | 67/77 | €116 | €93 | -€23 | -19.9% |
| Profit (loss) for the period | 9904 | €5,223 | -€1,207 | -€6,431 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,223 | -€1,207 | -€6,431 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.