MALOTTE TWO: 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.
MALOTTE TWO
Largest movements
- Tangible fixed assets -€24,867
down €24,867 (-14.2%), from €175,557 to €150,691
of which Furniture and vehicles: -€15,561
- Stocks and contracts +€20,622
up €20,622 (+25.4%), from €81,067 to €101,689
- Receivables within one year -€6,380
down €6,380 (-62.7%), from €10,181 to €3,800
of which Other amounts receivable: -€7,761
- Debts after one year -€61,453
down €61,453 (-39.4%), from €156,120 to €94,666
- Current portion of long-term debt +€31,071
new in 2025: €31,071
- Profit (loss) carried forward +€16,356
up €16,356 (+68.8%), from -€23,788 to -€7,432
- Short-term financial debts +€4,556
up €4,556 (+15.6%), from €29,201 to €33,757
- Tax, wage and social debts +€3,936
up €3,936 (+22.8%), from €17,227 to €21,163
of which Taxes: +€5,455
- Gross operating margin +€27,850
up €27,850 (+104%), from €26,837 to €54,687
- Taxes +€1,285
up €1,285 (+525%), from €245 to €1,530
- Financial charges -€1,195
down €1,195 (-13.3%), from €8,961 to €7,766
- Depreciation -€1,020
down €1,020 (-3.7%), from €27,327 to €26,308
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 | €272,057 | €263,148 | -€8,908 | -3.3% |
| Fixed assets | 21/28 | €175,682 | €150,816 | -€24,867 | -14.2% |
| Tangible fixed assets | 22/27 | €175,557 | €150,691 | -€24,867 | -14.2% |
| Land and buildings | 22 | €128,744 | €120,161 | -€8,583 | -6.7% |
| Plant, machinery and equipment | 23 | €4,967 | €4,245 | -€722 | -14.5% |
| Furniture and vehicles | 24 | €41,846 | €26,285 | -€15,561 | -37.2% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €96,374 | €112,332 | +€15,958 | +16.6% |
| Stocks and contracts in progress | 3 | €81,067 | €101,689 | +€20,622 | +25.4% |
| Stocks | 30/36 | €81,067 | €101,689 | +€20,622 | +25.4% |
| Amounts receivable within one year | 40/41 | €10,181 | €3,800 | -€6,380 | -62.7% |
| Trade receivables | 40 | €2,420 | €3,800 | +€1,380 | +57.0% |
| Other amounts receivable | 41 | €7,761 | - | -€7,761 | |
| Cash at bank and in hand | 54/58 | €5,127 | €6,843 | +€1,716 | +33.5% |
| Total equity and liabilities | 10/49 | €272,057 | €263,148 | -€8,908 | -3.3% |
| Equity | 10/15 | €27,314 | €43,670 | +€16,356 | +59.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,502 | €32,502 | = | 0.0% |
| Distributable reserves | 133 | €32,502 | €32,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,788 | -€7,432 | +€16,356 | +68.8% |
| Amounts payable | 17/49 | €244,743 | €219,478 | -€25,265 | -10.3% |
| Amounts payable after more than one year | 17 | €156,120 | €94,666 | -€61,453 | -39.4% |
| Financial debts | 170/4 | €156,120 | €94,666 | -€61,453 | -39.4% |
| Amounts payable within one year | 42/48 | €88,623 | €124,811 | +€36,188 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | - | €31,071 | +€31,071 | |
| Financial debts | 43 | €29,201 | €33,757 | +€4,556 | +15.6% |
| Credit institutions | 430/8 | €29,201 | €33,757 | +€4,556 | +15.6% |
| Trade debts | 44 | €22,961 | €22,303 | -€658 | -2.9% |
| Suppliers | 440/4 | €22,961 | €22,303 | -€658 | -2.9% |
| Taxes, remuneration and social security | 45 | €17,227 | €21,163 | +€3,936 | +22.8% |
| Taxes | 450/3 | €15,708 | €21,163 | +€5,455 | +34.7% |
| Remuneration and social security | 454/9 | €1,519 | - | -€1,519 | |
| Other amounts payable | 47/48 | €19,233 | €16,517 | -€2,716 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,327 | €26,308 | -€1,020 | -3.7% |
| Other operating charges | 640/8 | €2,618 | €2,728 | +€110 | +4.2% |
| Gross operating margin | 9900 | €26,837 | €54,687 | +€27,850 | +104% |
| Operating profit (loss) | 9901 | -€3,108 | €25,652 | +€28,759 | |
| Financial charges | 65/66B | €8,961 | €7,766 | -€1,195 | -13.3% |
| Recurring financial charges | 65 | €8,961 | €7,766 | -€1,195 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,069 | €17,886 | +€29,955 | |
| Income taxes | 67/77 | €245 | €1,530 | +€1,285 | +525% |
| Profit (loss) for the period | 9904 | -€12,314 | €16,356 | +€28,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,314 | €16,356 | +€28,670 |
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.