Malt Capital: what changed
What changed
Malt Capital
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€17,127
2024 · -€50,350+€67,477
Equity
-€95,262
2024 · -€112,389+€17,127
Cash
€31,894
2024 · €28,767+€3,128
Balance sheet total
€373,071
2024 · €67,717+€305,354
Largest movements
Assets
- Financial fixed assets +€294,000
up €294,000 (+1,176,000%), from €25 to €294,025
- Deferred charges and accrued income +€20,044
up €20,044 (+14,469%), from €139 to €20,183
- Receivables within one year -€8,317
down €8,317 (-34.6%), from €24,052 to €15,735
Equity and liabilities
- Other debts +€289,960
up €289,960 (+199%), from €145,646 to €435,606
- Profit (loss) carried forward +€17,127
up €17,127 (+8.0%), from -€213,408 to -€196,281
Income statement
- Gross operating margin +€62,620
up €62,620, from -€35,896 to €26,724
- Depreciation -€2,842
down €2,842 (-36.5%), from €7,796 to €4,955
- Other operating charges -€789
down €789 (-25.3%), from €3,116 to €2,327
- Financial charges -€549
down €549 (-17.8%), from €3,083 to €2,534
- Financial income +€514
up €514 (+5,883%), from €9 to €523
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
-€50,350
Gross operating margin
+€62,620
Depreciation
+€2,842
Other operating charges
+€789
Financial income
+€514
Financial charges
+€549
Taxes
+€163
Result 2025
€17,127
raises the result
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
+€298,582
Investment
-€295,454
Financing
€0
Cash 2024
€28,767
From operations (derived)
+€298,582
Net result for the year
+€17,127
Depreciation
+€4,955
Receivables within one year
+€8,317
Deferred charges and accrued income
-€20,044
Trade debts
-€1,935
Tax, wage and social debts
+€1,885
Other debts
+€289,960
Accrued charges and deferred income
-€1,683
Investment (derived)
-€295,454
Investment in fixed assets (net)
-€295,454
Cash 2025
€31,894
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,717 | €373,071 | +€305,354 | +451% |
| Fixed assets | 21/28 | €14,759 | €305,258 | +€290,499 | +1,968% |
| Tangible fixed assets | 22/27 | €14,734 | €11,233 | -€3,501 | -23.8% |
| Furniture and vehicles | 24 | €12,484 | €8,983 | -€3,501 | -28.0% |
| Other tangible fixed assets | 26 | €2,250 | €2,250 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €294,025 | +€294,000 | +1,176,000% |
| Current assets | 29/58 | €52,958 | €67,812 | +€14,855 | +28.1% |
| Amounts receivable within one year | 40/41 | €24,052 | €15,735 | -€8,317 | -34.6% |
| Trade receivables | 40 | €24,052 | €15,735 | -€8,317 | -34.6% |
| Cash at bank and in hand | 54/58 | €28,767 | €31,894 | +€3,128 | +10.9% |
| Deferred charges and accrued income | 490/1 | €139 | €20,183 | +€20,044 | +14,469% |
| Total equity and liabilities | 10/49 | €67,717 | €373,071 | +€305,354 | +451% |
| Equity | 10/15 | -€112,389 | -€95,262 | +€17,127 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,819 | €94,819 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,959 | €92,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,408 | -€196,281 | +€17,127 | +8.0% |
| Amounts payable | 17/49 | €180,106 | €468,332 | +€288,227 | +160% |
| Amounts payable within one year | 42/48 | €178,423 | €468,332 | +€289,910 | +162% |
| Trade debts | 44 | €23,152 | €21,217 | -€1,935 | -8.4% |
| Suppliers | 440/4 | €23,152 | €21,217 | -€1,935 | -8.4% |
| Taxes, remuneration and social security | 45 | €9,625 | €11,510 | +€1,885 | +19.6% |
| Taxes | 450/3 | €9,625 | €11,510 | +€1,885 | +19.6% |
| Other amounts payable | 47/48 | €145,646 | €435,606 | +€289,960 | +199% |
| Accrued charges and deferred income | 492/3 | €1,683 | €0 | -€1,683 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,796 | €4,955 | -€2,842 | -36.5% |
| Other operating charges | 640/8 | €3,116 | €2,327 | -€789 | -25.3% |
| Gross operating margin | 9900 | -€35,896 | €26,724 | +€62,620 | |
| Operating profit (loss) | 9901 | -€46,809 | €19,442 | +€66,251 | |
| Financial income | 75/76B | €9 | €523 | +€514 | +5,883% |
| Recurring financial income | 75 | €9 | €523 | +€514 | +5,883% |
| Financial charges | 65/66B | €3,083 | €2,534 | -€549 | -17.8% |
| Recurring financial charges | 65 | €3,083 | €2,534 | -€549 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€49,883 | €17,431 | +€67,314 | |
| Income taxes | 67/77 | €466 | €304 | -€163 | -34.9% |
| Profit (loss) for the period | 9904 | -€50,350 | €17,127 | +€67,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,350 | €17,127 | +€67,477 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.