MALS BY BJORN: 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.
MALS BY BJORN
Largest movements
- Receivables within one year -€14,356
down €14,356 (-57.0%), from €25,182 to €10,826
of which Trade receivables: -€13,636
- Financial fixed assets +€14,318
new in 2025: €14,318
- Cash -€13,044
down €13,044 (-16.3%), from €80,222 to €67,178
mainly Investment in fixed assets (net) (-€24,851) and Tax, wage and social debts (-€4,801)
- Tangible fixed assets +€5,629
up €5,629 (+57.3%), from €9,819 to €15,448
of which Furniture and vehicles: +€4,089
- Tax, wage and social debts -€4,801
down €4,801 (-17.4%), from €27,566 to €22,766
of which Remuneration and social security: -€3,171
- Trade debts -€3,555
down €3,555 (-96.8%), from €3,674 to €119
- Gross operating margin -€20,233
down €20,233 (-16.3%), from €124,363 to €104,130
- Staff costs +€16,112
up €16,112 (+19.7%), from €81,978 to €98,091
- Taxes -€10,310
down €10,310 (-94.7%), from €10,888 to €578
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 | €115,673 | €108,219 | -€7,454 | -6.4% |
| Fixed assets | 21/28 | €9,819 | €29,765 | +€19,946 | +203% |
| Tangible fixed assets | 22/27 | €9,819 | €15,448 | +€5,629 | +57.3% |
| Plant, machinery and equipment | 23 | €9,819 | €11,359 | +€1,540 | +15.7% |
| Furniture and vehicles | 24 | - | €4,089 | +€4,089 | |
| Financial fixed assets | 28 | - | €14,318 | +€14,318 | |
| Current assets | 29/58 | €105,854 | €78,454 | -€27,400 | -25.9% |
| Amounts receivable within one year | 40/41 | €25,182 | €10,826 | -€14,356 | -57.0% |
| Trade receivables | 40 | €24,462 | €10,826 | -€13,636 | -55.7% |
| Other amounts receivable | 41 | €720 | - | -€720 | |
| Cash at bank and in hand | 54/58 | €80,222 | €67,178 | -€13,044 | -16.3% |
| Deferred charges and accrued income | 490/1 | €450 | €450 | = | 0.0% |
| Total equity and liabilities | 10/49 | €115,673 | €108,219 | -€7,454 | -6.4% |
| Equity | 10/15 | €72,641 | €72,757 | +€116 | +0.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,641 | €67,641 | = | 0.0% |
| Distributable reserves | 133 | €67,641 | €67,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €116 | +€116 | |
| Amounts payable | 17/49 | €43,032 | €35,463 | -€7,570 | -17.6% |
| Amounts payable within one year | 42/48 | €43,032 | €35,463 | -€7,570 | -17.6% |
| Trade debts | 44 | €3,674 | €119 | -€3,555 | -96.8% |
| Suppliers | 440/4 | €3,674 | €119 | -€3,555 | -96.8% |
| Taxes, remuneration and social security | 45 | €27,566 | €22,766 | -€4,801 | -17.4% |
| Taxes | 450/3 | €12,610 | €10,981 | -€1,630 | -12.9% |
| Remuneration and social security | 454/9 | €14,956 | €11,785 | -€3,171 | -21.2% |
| Other amounts payable | 47/48 | €11,792 | €12,578 | +€786 | +6.7% |
| Remuneration, social security and pensions | 62 | €81,978 | €98,091 | +€16,112 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,796 | €4,905 | -€892 | -15.4% |
| Other operating charges | 640/8 | €124 | €124 | = | 0.0% |
| Gross operating margin | 9900 | €124,363 | €104,130 | -€20,233 | -16.3% |
| Operating profit (loss) | 9901 | €36,464 | €1,010 | -€35,454 | -97.2% |
| Financial income | 75/76B | €1,214 | €32 | -€1,183 | -97.4% |
| Recurring financial income | 75 | €1,214 | €32 | -€1,183 | -97.4% |
| Financial charges | 65/66B | €439 | €348 | -€91 | -20.8% |
| Recurring financial charges | 65 | €439 | €348 | -€91 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €37,239 | €694 | -€36,545 | -98.1% |
| Income taxes | 67/77 | €10,888 | €578 | -€10,310 | -94.7% |
| Profit (loss) for the period | 9904 | €26,351 | €116 | -€26,235 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,351 | €116 | -€26,235 | -99.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.