MALOVA: what changed
What changed
MALOVA
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€212,778
2024 · €4,171+€208,607
Equity
€983,918
2024 · €778,140+€205,778
Cash
€814,672
2024 · €79,249+€735,423
Balance sheet total
€3.7m
2024 · €2.2m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€744,123
up €744,123 (+102%), from €726,989 to €1.5m
of which Land and buildings: +€744,228
- Cash +€735,423
up €735,423 (+928%), from €79,249 to €814,672
mainly Debts after one year (+€1.1m) and Net result for the year (+€212,778)
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+93.6%), from €1.2m to €2.4m
- Profit (loss) carried forward +€205,778
new in 2025: €205,778
- Trade debts +€62,175
up €62,175 (+161%), from €38,572 to €100,747
Income statement
- Gross operating margin +€231,097
up €231,097 (+163%), from €141,720 to €372,817
- Depreciation +€55,361
up €55,361 (+129%), from €42,966 to €98,327
- Taxes +€39,376
up €39,376 (+2,869%), from €1,372 to €40,748
- Financial charges +€17,270
up €17,270 (+3,948%), from €437 to €17,707
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,171
Gross operating margin
+€231,097
Depreciation
-€55,361
Other operating charges
+€925
Other operating items
+€88,072
Financial income
+€520
Financial charges
-€17,270
Taxes
-€39,376
Result 2025
€212,778
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€414,636
Investment
-€842,451
Financing
+€1.2m
Cash 2024
€79,249
From operations (derived)
+€414,636
Net result for the year
+€212,778
Depreciation
+€98,327
Receivables within one year
+€19,749
Smaller working-capital items
-€219
Trade debts
+€62,175
Other debts
+€5,154
Accrued charges and deferred income
+€16,671
Investment (derived)
-€842,451
Investment in fixed assets (net)
-€842,451
Financing
+€1.2m
Debts after one year
+€1.1m
Current portion of long-term debt
+€24,045
Contributions, distributions and other
-€7,000
Cash 2025
€814,672
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,217,914 | €3,679,575 | +€1.5m | +65.9% |
| Fixed assets | 21/28 | €2,090,897 | €2,835,020 | +€744,123 | +35.6% |
| Tangible fixed assets | 22/27 | €726,989 | €1,471,112 | +€744,123 | +102% |
| Land and buildings | 22 | €726,884 | €1,471,112 | +€744,228 | +102% |
| Furniture and vehicles | 24 | €105 | - | -€105 | |
| Financial fixed assets | 28 | €1,363,908 | €1,363,908 | = | 0.0% |
| Current assets | 29/58 | €127,018 | €844,555 | +€717,537 | +565% |
| Amounts receivable within one year | 40/41 | €45,914 | €26,165 | -€19,749 | -43.0% |
| Trade receivables | 40 | €28,540 | €11,002 | -€17,538 | -61.5% |
| Other amounts receivable | 41 | €17,374 | €15,163 | -€2,211 | -12.7% |
| Cash at bank and in hand | 54/58 | €79,249 | €814,672 | +€735,423 | +928% |
| Deferred charges and accrued income | 490/1 | €1,855 | €3,718 | +€1,863 | +100% |
| Total equity and liabilities | 10/49 | €2,217,914 | €3,679,575 | +€1.5m | +65.9% |
| Equity | 10/15 | €778,140 | €983,918 | +€205,778 | +26.4% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €428,140 | €428,140 | = | 0.0% |
| Distributable reserves | 133 | €428,140 | €428,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €205,778 | +€205,778 | |
| Amounts payable | 17/49 | €1,439,775 | €2,695,657 | +€1.3m | +87.2% |
| Amounts payable after more than one year | 17 | €1,225,000 | €2,371,193 | +€1.1m | +93.6% |
| Financial debts | 170/4 | €1,225,000 | €2,371,193 | +€1.1m | +93.6% |
| Amounts payable within one year | 42/48 | €212,875 | €305,893 | +€93,018 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €29,762 | €53,807 | +€24,045 | +80.8% |
| Trade debts | 44 | €38,572 | €100,747 | +€62,175 | +161% |
| Suppliers | 440/4 | €38,572 | €100,747 | +€62,175 | +161% |
| Taxes, remuneration and social security | 45 | €5,524 | €7,168 | +€1,644 | +29.8% |
| Taxes | 450/3 | €5,524 | €7,168 | +€1,644 | +29.8% |
| Other amounts payable | 47/48 | €139,017 | €144,171 | +€5,154 | +3.7% |
| Accrued charges and deferred income | 492/3 | €1,900 | €18,571 | +€16,671 | +877% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,966 | €98,327 | +€55,361 | +129% |
| Other operating charges | 640/8 | €4,886 | €3,961 | -€925 | -18.9% |
| Non-recurring operating charges | 66A | €88,072 | - | -€88,072 | |
| Gross operating margin | 9900 | €141,720 | €372,817 | +€231,097 | +163% |
| Operating profit (loss) | 9901 | €5,796 | €270,529 | +€264,733 | +4,567% |
| Financial income | 75/76B | €184 | €704 | +€520 | +282% |
| Recurring financial income | 75 | €184 | €704 | +€520 | +282% |
| Financial charges | 65/66B | €437 | €17,707 | +€17,270 | +3,948% |
| Recurring financial charges | 65 | €437 | €17,707 | +€17,270 | +3,948% |
| Profit (loss) for the period before taxes | 9903 | €5,543 | €253,527 | +€247,983 | +4,474% |
| Income taxes | 67/77 | €1,372 | €40,748 | +€39,376 | +2,869% |
| Profit (loss) for the period | 9904 | €4,171 | €212,778 | +€208,607 | +5,001% |
| Profit (loss) for the period to be appropriated | 9905 | €4,171 | €212,778 | +€208,607 | +5,001% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.