MALOUNOT: 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.
MALOUNOT
Largest movements
- Cash -€128,473
down €128,473 (-13.6%), from €941,530 to €813,057
mainly Contributions, distributions and other (-€774,452) and Trade debts (-€124,439)
- Receivables within one year -€93,529
down €93,529 (-67.9%), from €137,836 to €44,307
of which Other amounts receivable: -€64,179
- Reserves -€755,990
down €755,990 (-91.6%), from €825,127 to €69,137
- Other debts +€664,874
up €664,874 (+793.2%), from €83,819 to €748,693
- Trade debts -€124,439
down €124,439 (-88.0%), from €141,474 to €17,035
- Gross operating margin -€1.0m
down €1.0m (-96.8%), from €1.0m to €33,348
- Staff costs -€308,328
down €308,328 (-100.0%), from €308,384 to €56
- Taxes -€164,540
down €164,540 (-96.9%), from €169,727 to €5,187
- Financial charges -€11,132
down €11,132 (-43.0%), from €25,896 to €14,764
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 | €1,079,741 | €857,364 | -€222,377 | -20.6% |
| Current assets | 29/58 | €1,079,741 | €857,364 | -€222,377 | -20.6% |
| Amounts receivable within one year | 40/41 | €137,836 | €44,307 | -€93,529 | -67.9% |
| Trade receivables | 40 | €49,733 | €20,384 | -€29,349 | -59.0% |
| Other amounts receivable | 41 | €88,103 | €23,923 | -€64,179 | -72.8% |
| Cash at bank and in hand | 54/58 | €941,530 | €813,057 | -€128,473 | -13.6% |
| Deferred charges and accrued income | 490/1 | €375 | - | -€375 | |
| Total equity and liabilities | 10/49 | €1,079,741 | €857,364 | -€222,377 | -20.6% |
| Equity | 10/15 | €829,927 | €73,937 | -€755,990 | -91.1% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €825,127 | €69,137 | -€755,990 | -91.6% |
| Distributable reserves | 133 | €825,127 | €69,137 | -€755,990 | -91.6% |
| Amounts payable | 17/49 | €249,814 | €783,427 | +€533,613 | +213.6% |
| Amounts payable within one year | 42/48 | €249,814 | €783,199 | +€533,385 | +213.5% |
| Trade debts | 44 | €141,474 | €17,035 | -€124,439 | -88.0% |
| Suppliers | 440/4 | €141,474 | €17,035 | -€124,439 | -88.0% |
| Taxes, remuneration and social security | 45 | €24,520 | €17,470 | -€7,050 | -28.8% |
| Taxes | 450/3 | €15,842 | €17,470 | +€1,628 | +10.3% |
| Remuneration and social security | 454/9 | €8,678 | - | -€8,678 | |
| Other amounts payable | 47/48 | €83,819 | €748,693 | +€664,874 | +793.2% |
| Accrued charges and deferred income | 492/3 | - | €229 | +€229 | |
| Remuneration, social security and pensions | 62 | €308,384 | €56 | -€308,328 | -100.0% |
| Other operating charges | 640/8 | €9,106 | €1,804 | -€7,301 | -80.2% |
| Gross operating margin | 9900 | €1,036,662 | €33,348 | -€1.0m | -96.8% |
| Operating profit (loss) | 9901 | €719,172 | €31,488 | -€687,684 | -95.6% |
| Financial income | 75/76B | €2,926 | €6,926 | +€4,000 | +136.7% |
| Recurring financial income | 75 | €2,926 | €6,926 | +€4,000 | +136.7% |
| Financial charges | 65/66B | €25,896 | €14,764 | -€11,132 | -43.0% |
| Recurring financial charges | 65 | €25,896 | €14,764 | -€11,132 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €696,202 | €23,650 | -€672,552 | -96.6% |
| Income taxes | 67/77 | €169,727 | €5,187 | -€164,540 | -96.9% |
| Profit (loss) for the period | 9904 | €526,475 | €18,463 | -€508,013 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €526,475 | €18,463 | -€508,013 | -96.5% |
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 7 October 2026 via checked.be.