MALTA: 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.
MALTA
Largest movements
- Tangible fixed assets -€5,333
down €5,333 (-29.9%), from €17,855 to €12,522
- Receivables within one year +€4,721
up €4,721 (+815%), from €579 to €5,300
of which Trade receivables: +€4,559
- Profit (loss) carried forward -€10,200
down €10,200 (-7.4%), from -€138,151 to -€148,351
- Other debts +€6,665
up €6,665 (+2.0%), from €328,746 to €335,412
- Trade debts +€4,386
up €4,386 (+126%), from €3,482 to €7,868
- Gross operating margin -€2,783
down €2,783, from €1,734 to -€1,048
- Financial charges -€425
down €425 (-13.2%), from €3,215 to €2,790
- Other operating charges -€185
down €185 (-18.8%), from €985 to €800
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 | €378,715 | €378,393 | -€322 | -0.1% |
| Fixed assets | 21/28 | €376,875 | €371,542 | -€5,333 | -1.4% |
| Tangible fixed assets | 22/27 | €17,855 | €12,522 | -€5,333 | -29.9% |
| Furniture and vehicles | 24 | €17,855 | €12,522 | -€5,333 | -29.9% |
| Financial fixed assets | 28 | €359,021 | €359,021 | = | 0.0% |
| Current assets | 29/58 | €1,840 | €6,850 | +€5,011 | +272% |
| Amounts receivable within one year | 40/41 | €579 | €5,300 | +€4,721 | +815% |
| Trade receivables | 40 | €441 | €5,000 | +€4,559 | +1,034% |
| Other amounts receivable | 41 | €138 | €300 | +€162 | +117% |
| Cash at bank and in hand | 54/58 | €33 | €286 | +€253 | +768% |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,265 | +€37 | +3.0% |
| Total equity and liabilities | 10/49 | €378,715 | €378,393 | -€322 | -0.1% |
| Equity | 10/15 | -€50,651 | -€60,851 | -€10,200 | -20.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,151 | -€148,351 | -€10,200 | -7.4% |
| Amounts payable | 17/49 | €429,366 | €439,243 | +€9,878 | +2.3% |
| Amounts payable after more than one year | 17 | €55,500 | €55,500 | = | 0.0% |
| Financial debts | 170/4 | €55,500 | €55,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €373,866 | €383,743 | +€9,878 | +2.6% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €3,482 | €7,868 | +€4,386 | +126% |
| Suppliers | 440/4 | €3,482 | €7,868 | +€4,386 | +126% |
| Taxes, remuneration and social security | 45 | €1,637 | €464 | -€1,173 | -71.7% |
| Taxes | 450/3 | €1,637 | €464 | -€1,173 | -71.7% |
| Other amounts payable | 47/48 | €328,746 | €335,412 | +€6,665 | +2.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,333 | €5,333 | = | 0.0% |
| Other operating charges | 640/8 | €985 | €800 | -€185 | -18.8% |
| Gross operating margin | 9900 | €1,734 | -€1,048 | -€2,783 | |
| Operating profit (loss) | 9901 | -€4,584 | -€7,181 | -€2,597 | -56.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €3,215 | €2,790 | -€425 | -13.2% |
| Recurring financial charges | 65 | €3,215 | €2,790 | -€425 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,798 | -€9,971 | -€2,173 | -27.9% |
| Income taxes | 67/77 | €235 | €229 | -€6 | -2.4% |
| Profit (loss) for the period | 9904 | -€8,033 | -€10,200 | -€2,167 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,033 | -€10,200 | -€2,167 | -27.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.