MalTaco: 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.
MalTaco
Largest movements
- Tangible fixed assets -€43,626
down €43,626 (-20.4%), from €213,520 to €169,893
of which Other tangible fixed assets: -€32,603
- Intangible fixed assets -€6,000
down €6,000 (-54.5%), from €11,014 to €5,014
- Cash -€4,034
down €4,034 (-6.1%), from €66,137 to €62,103
mainly Debts after one year (-€29,707) and Net result for the year (-€24,522)
- Debts after one year -€29,707
down €29,707 (-16.1%), from €184,585 to €154,878
- Profit (loss) carried forward -€24,522
down €24,522 (-42.4%), from -€57,823 to -€82,345
- Tax, wage and social debts +€4,277
up €4,277 (+26.3%), from €16,289 to €20,566
of which Remuneration and social security: +€5,840
- Trade debts -€3,386
down €3,386 (-16.9%), from €20,065 to €16,678
- Gross operating margin -€28,759
down €28,759 (-12.4%), from €231,840 to €203,081
- Staff costs +€14,687
up €14,687 (+9.3%), from €157,490 to €172,178
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 | €310,706 | €257,978 | -€52,728 | -17.0% |
| Fixed assets | 21/28 | €233,588 | €183,907 | -€49,681 | -21.3% |
| Intangible fixed assets | 21 | €11,014 | €5,014 | -€6,000 | -54.5% |
| Tangible fixed assets | 22/27 | €213,520 | €169,893 | -€43,626 | -20.4% |
| Plant, machinery and equipment | 23 | €21,448 | €10,425 | -€11,023 | -51.4% |
| Other tangible fixed assets | 26 | €192,071 | €159,468 | -€32,603 | -17.0% |
| Financial fixed assets | 28 | €9,055 | €9,000 | -€55 | -0.6% |
| Current assets | 29/58 | €77,118 | €74,071 | -€3,047 | -4.0% |
| Stocks and contracts in progress | 3 | €9,465 | €8,814 | -€651 | -6.9% |
| Stocks | 30/36 | €9,465 | €8,814 | -€651 | -6.9% |
| Amounts receivable within one year | 40/41 | €32 | €1,732 | +€1,700 | +5313.9% |
| Trade receivables | 40 | €32 | €1,732 | +€1,700 | +5313.9% |
| Cash at bank and in hand | 54/58 | €66,137 | €62,103 | -€4,034 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,484 | €1,421 | -€63 | -4.2% |
| Total equity and liabilities | 10/49 | €310,706 | €257,978 | -€52,728 | -17.0% |
| Equity | 10/15 | -€52,823 | -€77,345 | -€24,522 | -46.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,823 | -€82,345 | -€24,522 | -42.4% |
| Amounts payable | 17/49 | €363,528 | €335,323 | -€28,206 | -7.8% |
| Amounts payable after more than one year | 17 | €184,585 | €154,878 | -€29,707 | -16.1% |
| Financial debts | 170/4 | €184,585 | €154,878 | -€29,707 | -16.1% |
| Amounts payable within one year | 42/48 | €176,175 | €177,678 | +€1,503 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €29,128 | €29,707 | +€579 | +2.0% |
| Trade debts | 44 | €20,065 | €16,678 | -€3,386 | -16.9% |
| Suppliers | 440/4 | €20,065 | €16,678 | -€3,386 | -16.9% |
| Taxes, remuneration and social security | 45 | €16,289 | €20,566 | +€4,277 | +26.3% |
| Taxes | 450/3 | €4,169 | €2,606 | -€1,563 | -37.5% |
| Remuneration and social security | 454/9 | €12,120 | €17,960 | +€5,840 | +48.2% |
| Other amounts payable | 47/48 | €110,693 | €110,727 | +€34 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,768 | €2,767 | -€2 | -0.1% |
| Non-recurring operating income | 76A | €5,523 | - | -€5,523 | |
| Remuneration, social security and pensions | 62 | €157,490 | €172,178 | +€14,687 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,650 | €49,626 | -€2,024 | -3.9% |
| Other operating charges | 640/8 | €354 | €422 | +€68 | +19.1% |
| Gross operating margin | 9900 | €231,840 | €203,081 | -€28,759 | -12.4% |
| Operating profit (loss) | 9901 | €22,346 | -€19,144 | -€41,490 | |
| Financial income | 75/76B | €1,814 | €1,820 | +€6 | +0.3% |
| Recurring financial income | 75 | €1,814 | €1,820 | +€6 | +0.3% |
| Financial charges | 65/66B | €8,503 | €7,198 | -€1,304 | -15.3% |
| Recurring financial charges | 65 | €8,503 | €7,198 | -€1,304 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €15,657 | -€24,522 | -€40,179 | |
| Profit (loss) for the period | 9904 | €15,657 | -€24,522 | -€40,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,657 | -€24,522 | -€40,179 |
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 11 October 2026 via checked.be.