MALTA: 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.
MALTA
Largest movements
- Intangible fixed assets -€133,000
no longer reported in 2025 (was €133,000)
- Receivables within one year -€16,943
down €16,943 (-50.6%), from €33,472 to €16,529
- Financial fixed assets -€7,590
no longer reported in 2025 (was €7,590)
- Cash -€2,033
down €2,033 (-99.9%), from €2,034 to €1
mainly Contributions, distributions and other (-€240,030) and Trade debts (-€1,259)
- Tangible fixed assets -€2,006
down €2,006 (-65.4%), from €3,068 to €1,062
of which Other tangible fixed assets: -€1,880
- Contributions -€240,030
down €240,030 (-93.9%), from €255,600 to €15,570
- Other debts +€39,196
up €39,196 (+1425.4%), from €2,750 to €41,946
- Profit (loss) carried forward +€31,841
up €31,841 (+36.3%), from -€87,644 to -€55,804
- Tax, wage and social debts +€8,292
up €8,292 (+187.8%), from €4,415 to €12,708
of which Taxes: +€8,292
- Gross operating margin +€30,105
up €30,105 (+683.7%), from €4,403 to €34,508
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 | €179,164 | €17,592 | -€161,572 | -90.2% |
| Fixed assets | 21/28 | €143,658 | €1,062 | -€142,596 | -99.3% |
| Intangible fixed assets | 21 | €133,000 | - | -€133,000 | |
| Tangible fixed assets | 22/27 | €3,068 | €1,062 | -€2,006 | -65.4% |
| Furniture and vehicles | 24 | €138 | €12 | -€126 | -91.2% |
| Other tangible fixed assets | 26 | €2,930 | €1,050 | -€1,880 | -64.2% |
| Financial fixed assets | 28 | €7,590 | - | -€7,590 | |
| Current assets | 29/58 | €35,506 | €16,530 | -€18,977 | -53.4% |
| Amounts receivable within one year | 40/41 | €33,472 | €16,529 | -€16,943 | -50.6% |
| Trade receivables | 40 | €33,472 | €16,529 | -€16,943 | -50.6% |
| Cash at bank and in hand | 54/58 | €2,034 | €1 | -€2,033 | -99.9% |
| Total equity and liabilities | 10/49 | €179,164 | €17,592 | -€161,572 | -90.2% |
| Equity | 10/15 | €167,956 | -€40,234 | -€208,189 | |
| Contributions | 10/11 | €255,600 | €15,570 | -€240,030 | -93.9% |
| Capital | 10 | €255,600 | €15,570 | -€240,030 | -93.9% |
| Issued capital | 100 | €268,000 | €268,000 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €252,430 | +€240,030 | +1935.7% |
| Profit (loss) carried forward | 14 | -€87,644 | -€55,804 | +€31,841 | +36.3% |
| Amounts payable | 17/49 | €11,208 | €57,825 | +€46,617 | +415.9% |
| Amounts payable within one year | 42/48 | €11,208 | €57,438 | +€46,230 | +412.5% |
| Trade debts | 44 | €4,043 | €2,785 | -€1,259 | -31.1% |
| Suppliers | 440/4 | €4,043 | €2,785 | -€1,259 | -31.1% |
| Taxes, remuneration and social security | 45 | €4,415 | €12,708 | +€8,292 | +187.8% |
| Taxes | 450/3 | €4,034 | €12,327 | +€8,292 | +205.6% |
| Remuneration and social security | 454/9 | €381 | €381 | = | 0.0% |
| Other amounts payable | 47/48 | €2,750 | €41,946 | +€39,196 | +1425.4% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,006 | €2,006 | +€0 | 0.0% |
| Other operating charges | 640/8 | €384 | €614 | +€230 | +59.8% |
| Gross operating margin | 9900 | €4,403 | €34,508 | +€30,105 | +683.7% |
| Operating profit (loss) | 9901 | €2,013 | €31,888 | +€29,875 | +1484.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €57 | €47 | -€10 | -17.0% |
| Recurring financial charges | 65 | €57 | €47 | -€10 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €1,956 | €31,841 | +€29,885 | +1527.8% |
| Profit (loss) for the period | 9904 | €1,956 | €31,841 | +€29,885 | +1527.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,956 | €31,841 | +€29,885 | +1527.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.