MALOVET: 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.
MALOVET
Largest movements
- Receivables within one year +€9,633
up €9,633 (+12.1%), from €79,848 to €89,480
- Tangible fixed assets -€8,518
down €8,518 (-46.6%), from €18,288 to €9,769
of which Land and buildings: -€6,940
- Deferred charges and accrued income +€4,772
new in 2025: €4,772
- Cash +€1,404
up €1,404 (+219.9%), from €638 to €2,042
mainly Depreciation (+€8,518) and Net result for the year (+€6,008)
- Other debts +€3,300
new in 2025: €3,300
- Reserves +€2,709
up €2,709 (+7.8%), from €34,715 to €37,424
of which Distributable reserves: +€2,709
- Gross operating margin +€1,599
up €1,599 (+11.9%), from €13,395 to €14,994
- Taxes +€693
up €693 (+32.8%), from €2,111 to €2,804
- Financial income +€634
up €634 (+15.3%), from €4,138 to €4,772
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 | €98,774 | €106,064 | +€7,290 | +7.4% |
| Fixed assets | 21/28 | €18,288 | €9,769 | -€8,518 | -46.6% |
| Tangible fixed assets | 22/27 | €18,288 | €9,769 | -€8,518 | -46.6% |
| Land and buildings | 22 | €12,799 | €5,859 | -€6,940 | -54.2% |
| Plant, machinery and equipment | 23 | €5,488 | €3,910 | -€1,578 | -28.8% |
| Current assets | 29/58 | €80,486 | €96,294 | +€15,808 | +19.6% |
| Amounts receivable within one year | 40/41 | €79,848 | €89,480 | +€9,633 | +12.1% |
| Other amounts receivable | 41 | €79,848 | €89,480 | +€9,633 | +12.1% |
| Cash at bank and in hand | 54/58 | €638 | €2,042 | +€1,404 | +219.9% |
| Deferred charges and accrued income | 490/1 | - | €4,772 | +€4,772 | |
| Total equity and liabilities | 10/49 | €98,774 | €106,064 | +€7,290 | +7.4% |
| Equity | 10/15 | €97,099 | €99,807 | +€2,709 | +2.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €34,715 | €37,424 | +€2,709 | +7.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €28,565 | €31,274 | +€2,709 | +9.5% |
| Profit (loss) carried forward | 14 | €883 | €883 | = | 0.0% |
| Amounts payable | 17/49 | €1,675 | €6,256 | +€4,581 | +273.5% |
| Amounts payable within one year | 42/48 | €1,675 | €6,256 | +€4,581 | +273.5% |
| Trade debts | 44 | €1,675 | €2,153 | +€478 | +28.5% |
| Suppliers | 440/4 | €1,675 | €2,153 | +€478 | +28.5% |
| Taxes, remuneration and social security | 45 | - | €804 | +€804 | |
| Taxes | 450/3 | - | €804 | +€804 | |
| Other amounts payable | 47/48 | - | €3,300 | +€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,518 | €8,518 | = | 0.0% |
| Other operating charges | 640/8 | €2,320 | €2,382 | +€62 | +2.7% |
| Gross operating margin | 9900 | €13,395 | €14,994 | +€1,599 | +11.9% |
| Operating profit (loss) | 9901 | €2,556 | €4,093 | +€1,537 | +60.1% |
| Financial income | 75/76B | €4,138 | €4,772 | +€634 | +15.3% |
| Recurring financial income | 75 | €4,138 | €4,772 | +€634 | +15.3% |
| Financial charges | 65/66B | €59 | €53 | -€6 | -10.3% |
| Recurring financial charges | 65 | €59 | €53 | -€6 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €6,635 | €8,812 | +€2,177 | +32.8% |
| Income taxes | 67/77 | €2,111 | €2,804 | +€693 | +32.8% |
| Profit (loss) for the period | 9904 | €4,524 | €6,008 | +€1,484 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,524 | €6,008 | +€1,484 | +32.8% |
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 8 October 2026 via checked.be.