MALOUS DIAMONDS: 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.
MALOUS DIAMONDS
Largest movements
- Stocks and contracts -€438,523
down €438,523 (-15.4%), from €2.8m to €2.4m
- Receivables within one year -€403,636
down €403,636 (-32.3%), from €1.2m to €844,498
of which Trade receivables: -€402,804
- Cash -€204,325
down €204,325 (-67.1%), from €304,520 to €100,195
mainly Net result for the year (-€851,134) and Short-term financial debts (-€681,536)
- Reserves -€851,134
down €851,134 (-25.6%), from €3.3m to €2.5m
of which Distributable reserves: -€851,134
- Short-term financial debts -€681,536
down €681,536 (-100%), from €681,536 to €0
- Trade debts +€456,253
up €456,253 (+31,607%), from €1,444 to €457,697
- Gross operating margin -€534,761
down €534,761, from €126,548 to -€408,213
- Write-downs +€328,398
new in 2025: €328,398
- Staff costs -€63,382
down €63,382 (-96.4%), from €65,773 to €2,391
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 | €4,457,151 | €3,403,361 | -€1.1m | -23.6% |
| Fixed assets | 21/28 | €47,900 | €41,214 | -€6,686 | -14.0% |
| Tangible fixed assets | 22/27 | €46,316 | €39,630 | -€6,686 | -14.4% |
| Land and buildings | 22 | €43,512 | €37,670 | -€5,841 | -13.4% |
| Plant, machinery and equipment | 23 | €2,804 | €1,959 | -€845 | -30.1% |
| Financial fixed assets | 28 | €1,584 | €1,584 | = | 0.0% |
| Current assets | 29/58 | €4,409,251 | €3,362,147 | -€1.0m | -23.7% |
| Amounts receivable after more than one year | 29 | €5,760 | €5,760 | = | 0.0% |
| Other amounts receivable | 291 | €5,760 | €5,760 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,848,846 | €2,410,323 | -€438,523 | -15.4% |
| Stocks | 30/36 | €2,848,846 | €2,410,323 | -€438,523 | -15.4% |
| Amounts receivable within one year | 40/41 | €1,248,134 | €844,498 | -€403,636 | -32.3% |
| Trade receivables | 40 | €1,241,217 | €838,413 | -€402,804 | -32.5% |
| Other amounts receivable | 41 | €6,917 | €6,085 | -€832 | -12.0% |
| Cash at bank and in hand | 54/58 | €304,520 | €100,195 | -€204,325 | -67.1% |
| Deferred charges and accrued income | 490/1 | €1,992 | €1,371 | -€621 | -31.2% |
| Total equity and liabilities | 10/49 | €4,457,151 | €3,403,361 | -€1.1m | -23.6% |
| Equity | 10/15 | €3,540,845 | €2,689,710 | -€851,134 | -24.0% |
| Contributions | 10/11 | €222,205 | €222,205 | = | 0.0% |
| Reserves | 13 | €3,318,639 | €2,467,505 | -€851,134 | -25.6% |
| Tax-exempt reserves | 132 | €12,926 | €12,926 | = | 0.0% |
| Distributable reserves | 133 | €3,305,714 | €2,454,579 | -€851,134 | -25.7% |
| Amounts payable | 17/49 | €916,306 | €713,651 | -€202,656 | -22.1% |
| Amounts payable after more than one year | 17 | €180,000 | €180,000 | = | 0.0% |
| Financial debts | 170/4 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €695,176 | €474,244 | -€220,932 | -31.8% |
| Financial debts | 43 | €681,536 | €0 | -€681,536 | -100% |
| Credit institutions | 430/8 | €681,536 | €0 | -€681,536 | -100% |
| Trade debts | 44 | €1,444 | €457,697 | +€456,253 | +31,607% |
| Suppliers | 440/4 | €1,444 | €457,697 | +€456,253 | +31,607% |
| Taxes, remuneration and social security | 45 | €12,196 | €16,547 | +€4,351 | +35.7% |
| Taxes | 450/3 | €12,196 | €16,547 | +€4,351 | +35.7% |
| Accrued charges and deferred income | 492/3 | €41,130 | €59,407 | +€18,276 | +44.4% |
| Remuneration, social security and pensions | 62 | €65,773 | €2,391 | -€63,382 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,220 | €6,686 | -€534 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €328,398 | +€328,398 | |
| Other operating charges | 640/8 | €5,669 | €6,991 | +€1,322 | +23.3% |
| Gross operating margin | 9900 | €126,548 | -€408,213 | -€534,761 | |
| Operating profit (loss) | 9901 | €47,886 | -€752,679 | -€800,564 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +2,477% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +2,477% |
| Financial charges | 65/66B | €89,878 | €87,921 | -€1,957 | -2.2% |
| Recurring financial charges | 65 | €89,878 | €87,921 | -€1,957 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,992 | -€840,587 | -€798,596 | -1,902% |
| Income taxes | 67/77 | €12,196 | €10,547 | -€1,649 | -13.5% |
| Profit (loss) for the period | 9904 | -€54,188 | -€851,134 | -€796,946 | -1,471% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,188 | -€851,134 | -€796,946 | -1,471% |
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 18 October 2026 via checked.be.