MALOU'S TEAM: 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.
MALOU'S TEAM
Largest movements
- Receivables within one year +€15,720
up €15,720 (+41.7%), from €37,691 to €53,411
of which Trade receivables: +€16,682
- Cash +€4,284
up €4,284 (+73.2%), from €5,852 to €10,137
mainly Other debts (+€15,300) and Trade debts (+€12,590)
- Tangible fixed assets -€2,367
down €2,367 (-65.4%), from €3,622 to €1,255
- Deferred charges and accrued income +€2,280
new in 2025: €2,280
- Other debts +€15,300
new in 2025: €15,300
- Trade debts +€12,590
up €12,590 (+30,113%), from €42 to €12,632
- Profit (loss) carried forward -€11,175
down €11,175 (-53.9%), from €20,744 to €9,568
- Tax, wage and social debts +€2,700
up €2,700 (+75.0%), from €3,598 to €6,298
- Gross operating margin -€14,609
down €14,609 (-53.7%), from €27,182 to €12,573
- Taxes -€3,901
down €3,901 (-50.9%), from €7,671 to €3,770
- Depreciation +€1,255
up €1,255 (+113%), from €1,113 to €2,367
- Financial income -€312
down €312 (-19.2%), from €1,624 to €1,312
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 | €47,166 | €67,082 | +€19,917 | +42.2% |
| Fixed assets | 21/28 | €3,622 | €1,255 | -€2,367 | -65.4% |
| Tangible fixed assets | 22/27 | €3,622 | €1,255 | -€2,367 | -65.4% |
| Furniture and vehicles | 24 | €3,622 | €1,255 | -€2,367 | -65.4% |
| Current assets | 29/58 | €43,543 | €65,827 | +€22,284 | +51.2% |
| Amounts receivable within one year | 40/41 | €37,691 | €53,411 | +€15,720 | +41.7% |
| Trade receivables | 40 | €18,669 | €35,351 | +€16,682 | +89.4% |
| Other amounts receivable | 41 | €19,022 | €18,060 | -€962 | -5.1% |
| Cash at bank and in hand | 54/58 | €5,852 | €10,137 | +€4,284 | +73.2% |
| Deferred charges and accrued income | 490/1 | - | €2,280 | +€2,280 | |
| Total equity and liabilities | 10/49 | €47,166 | €67,082 | +€19,917 | +42.2% |
| Equity | 10/15 | €41,204 | €30,028 | -€11,175 | -27.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,744 | €9,568 | -€11,175 | -53.9% |
| Amounts payable | 17/49 | €5,962 | €37,054 | +€31,092 | +522% |
| Amounts payable within one year | 42/48 | €5,162 | €36,254 | +€31,092 | +602% |
| Current portion of amounts payable after more than one year | 42 | €1,522 | €2,024 | +€502 | +33.0% |
| Trade debts | 44 | €42 | €12,632 | +€12,590 | +30,113% |
| Suppliers | 440/4 | €42 | €12,632 | +€12,590 | +30,113% |
| Taxes, remuneration and social security | 45 | €3,598 | €6,298 | +€2,700 | +75.0% |
| Taxes | 450/3 | €3,598 | €6,298 | +€2,700 | +75.0% |
| Other amounts payable | 47/48 | - | €15,300 | +€15,300 | |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,113 | €2,367 | +€1,255 | +113% |
| Other operating charges | 640/8 | €438 | €701 | +€263 | +60.1% |
| Gross operating margin | 9900 | €27,182 | €12,573 | -€14,609 | -53.7% |
| Operating profit (loss) | 9901 | €25,631 | €9,505 | -€16,127 | -62.9% |
| Financial income | 75/76B | €1,624 | €1,312 | -€312 | -19.2% |
| Recurring financial income | 75 | €1,624 | €1,312 | -€312 | -19.2% |
| Financial charges | 65/66B | €377 | €222 | -€155 | -41.1% |
| Recurring financial charges | 65 | €377 | €222 | -€155 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €26,879 | €10,594 | -€16,284 | -60.6% |
| Income taxes | 67/77 | €7,671 | €3,770 | -€3,901 | -50.9% |
| Profit (loss) for the period | 9904 | €19,208 | €6,825 | -€12,384 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,208 | €6,825 | -€12,384 | -64.5% |
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 24 October 2026 via checked.be.