MALOUSI: 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.
MALOUSI
Largest movements
- Current investments -€157,108
down €157,108 (-4.5%), from €3.5m to €3.3m
- Cash +€111,165
up €111,165 (+63.8%), from €174,127 to €285,292
mainly Current investments (+€157,108) and Depreciation (+€8,586)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€92,832
up €92,832, from -€39,129 to €53,703
- Financial income -€77,936
down €77,936 (-59.2%), from €131,739 to €53,804
- Depreciation +€1,329
up €1,329 (+18.3%), from €7,257 to €8,586
- Gross operating margin -€965
down €965 (-13.0%), from -€7,404 to -€8,369
- Other operating charges -€663
down €663 (-26.5%), from €2,505 to €1,842
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 | €4,119,934 | €4,094,860 | -€25,074 | -0.6% |
| Fixed assets | 21/28 | €457,315 | €478,678 | +€21,363 | +4.7% |
| Tangible fixed assets | 22/27 | €457,315 | €478,678 | +€21,363 | +4.7% |
| Land and buildings | 22 | €457,315 | €478,678 | +€21,363 | +4.7% |
| Current assets | 29/58 | €3,662,619 | €3,616,182 | -€46,437 | -1.3% |
| Amounts receivable within one year | 40/41 | €12,583 | €14,409 | +€1,826 | +14.5% |
| Other amounts receivable | 41 | €12,583 | €14,409 | +€1,826 | +14.5% |
| Current investments | 50/53 | €3,473,290 | €3,316,182 | -€157,108 | -4.5% |
| Cash at bank and in hand | 54/58 | €174,127 | €285,292 | +€111,165 | +63.8% |
| Deferred charges and accrued income | 490/1 | €2,619 | €299 | -€2,320 | -88.6% |
| Total equity and liabilities | 10/49 | €4,119,934 | €4,094,860 | -€25,074 | -0.6% |
| Equity | 10/15 | €3,872,208 | €3,853,511 | -€18,696 | -0.5% |
| Contributions | 10/11 | €4,290,000 | €4,290,000 | = | 0.0% |
| Reserves | 13 | €73,968 | €73,968 | = | 0.0% |
| Distributable reserves | 133 | €73,968 | €73,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€491,760 | -€510,456 | -€18,696 | -3.8% |
| Amounts payable | 17/49 | €247,726 | €241,349 | -€6,377 | -2.6% |
| Amounts payable within one year | 42/48 | €247,726 | €241,349 | -€6,377 | -2.6% |
| Trade debts | 44 | €8,317 | €3,500 | -€4,817 | -57.9% |
| Suppliers | 440/4 | €8,317 | €3,500 | -€4,817 | -57.9% |
| Other amounts payable | 47/48 | €239,410 | €237,849 | -€1,561 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €766 | +€766 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,257 | €8,586 | +€1,329 | +18.3% |
| Other operating charges | 640/8 | €2,505 | €1,842 | -€663 | -26.5% |
| Gross operating margin | 9900 | -€7,404 | -€8,369 | -€965 | -13.0% |
| Operating profit (loss) | 9901 | -€17,166 | -€18,797 | -€1,631 | -9.5% |
| Financial income | 75/76B | €131,739 | €53,804 | -€77,936 | -59.2% |
| Recurring financial income | 75 | €131,739 | €53,804 | -€77,936 | -59.2% |
| Financial charges | 65/66B | -€39,129 | €53,703 | +€92,832 | |
| Recurring financial charges | 65 | -€39,129 | €53,703 | +€92,832 | |
| Profit (loss) for the period before taxes | 9903 | €153,703 | -€18,696 | -€172,399 | |
| Profit (loss) for the period | 9904 | €153,703 | -€18,696 | -€172,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €153,703 | -€18,696 | -€172,399 |
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 2 October 2026 via checked.be.