MALOUNO: 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.
MALOUNO
Largest movements
- Receivables within one year -€4,405
down €4,405 (-13.4%), from €32,954 to €28,549
- Short-term financial debts -€19,048
no longer reported in 2025 (was €19,048)
- Profit (loss) carried forward +€11,206
up €11,206 (+57.7%), from -€19,437 to -€8,230
- Other debts +€3,437
up €3,437 (+64.4%), from €5,338 to €8,774
- Other operating charges -€769
no longer reported in 2025 (was €769)
- Financial charges -€667
no longer reported in 2025 (was €667)
- Write-downs +€379
new in 2025: €379
- Gross operating margin +€185
no longer reported in 2025 (was -€185)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,954 | €28,549 | -€4,405 | -13.4% |
| Current assets | 29/58 | €32,954 | €28,549 | -€4,405 | -13.4% |
| Amounts receivable within one year | 40/41 | €32,954 | €28,549 | -€4,405 | -13.4% |
| Other amounts receivable | 41 | €32,954 | €28,549 | -€4,405 | -13.4% |
| Total equity and liabilities | 10/49 | €32,954 | €28,549 | -€4,405 | -13.4% |
| Equity | 10/15 | €8,063 | €19,270 | +€11,206 | +139.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,437 | -€8,230 | +€11,206 | +57.7% |
| Amounts payable | 17/49 | €24,891 | €9,279 | -€15,611 | -62.7% |
| Amounts payable within one year | 42/48 | €24,891 | €9,279 | -€15,611 | -62.7% |
| Financial debts | 43 | €19,048 | - | -€19,048 | |
| Other loans | 439 | €19,048 | - | -€19,048 | |
| Trade debts | 44 | €505 | €505 | -€1 | -0.1% |
| Suppliers | 440/4 | €505 | €505 | -€1 | -0.1% |
| Other amounts payable | 47/48 | €5,338 | €8,774 | +€3,437 | +64.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €379 | +€379 | |
| Other operating charges | 640/8 | €769 | - | -€769 | |
| Gross operating margin | 9900 | -€185 | - | +€185 | |
| Operating profit (loss) | 9901 | -€954 | -€379 | +€575 | +60.3% |
| Financial charges | 65/66B | €667 | - | -€667 | |
| Recurring financial charges | 65 | €667 | - | -€667 | |
| Profit (loss) for the period before taxes | 9903 | -€1,621 | -€379 | +€1,242 | +76.6% |
| Profit (loss) for the period | 9904 | -€1,621 | -€379 | +€1,242 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,621 | -€379 | +€1,242 | +76.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.