MALTER: 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.
MALTER
Largest movements
- Cash +€6,045
up €6,045 (+1959.7%), from €308 to €6,353
mainly Depreciation (+€4,482) and Receivables within one year (+€4,437)
- Tangible fixed assets -€4,482
down €4,482 (-38.0%), from €11,799 to €7,317
of which Plant, machinery and equipment: -€4,002
- Receivables within one year -€4,437
down €4,437 (-5.1%), from €86,957 to €82,520
of which Other amounts receivable: -€4,437
- Tax, wage and social debts -€5,199
down €5,199 (-77.5%), from €6,709 to €1,510
- Trade debts +€3,100
up €3,100 (+92.5%), from €3,350 to €6,450
- Gross operating margin -€5,604
down €5,604 (-55.3%), from €10,131 to €4,527
- Other operating charges +€3,443
up €3,443 (+855.4%), from €403 to €3,846
- Taxes -€2,595
down €2,595 (-89.9%), from €2,885 to €291
- Depreciation +€824
up €824 (+22.5%), from €3,657 to €4,482
- Financial income -€420
down €420 (-10.1%), from €4,173 to €3,753
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 | €99,474 | €96,600 | -€2,874 | -2.9% |
| Fixed assets | 21/28 | €11,799 | €7,317 | -€4,482 | -38.0% |
| Tangible fixed assets | 22/27 | €11,799 | €7,317 | -€4,482 | -38.0% |
| Land and buildings | 22 | €920 | €440 | -€480 | -52.2% |
| Plant, machinery and equipment | 23 | €10,879 | €6,877 | -€4,002 | -36.8% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €87,675 | €89,283 | +€1,608 | +1.8% |
| Amounts receivable within one year | 40/41 | €86,957 | €82,520 | -€4,437 | -5.1% |
| Trade receivables | 40 | €4,582 | €4,582 | = | 0.0% |
| Other amounts receivable | 41 | €82,375 | €77,938 | -€4,437 | -5.4% |
| Cash at bank and in hand | 54/58 | €308 | €6,353 | +€6,045 | +1959.7% |
| Deferred charges and accrued income | 490/1 | €410 | €410 | = | 0.0% |
| Total equity and liabilities | 10/49 | €99,474 | €96,600 | -€2,874 | -2.9% |
| Equity | 10/15 | €88,973 | €88,198 | -€774 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €82,773 | €81,998 | -€774 | -0.9% |
| Distributable reserves | 133 | €82,773 | €81,998 | -€774 | -0.9% |
| Amounts payable | 17/49 | €10,501 | €8,402 | -€2,100 | -20.0% |
| Amounts payable within one year | 42/48 | €10,059 | €7,960 | -€2,100 | -20.9% |
| Trade debts | 44 | €3,350 | €6,450 | +€3,100 | +92.5% |
| Suppliers | 440/4 | €3,350 | €6,450 | +€3,100 | +92.5% |
| Taxes, remuneration and social security | 45 | €6,709 | €1,510 | -€5,199 | -77.5% |
| Taxes | 450/3 | €6,709 | €1,510 | -€5,199 | -77.5% |
| Accrued charges and deferred income | 492/3 | €442 | €442 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,657 | €4,482 | +€824 | +22.5% |
| Other operating charges | 640/8 | €403 | €3,846 | +€3,443 | +855.4% |
| Gross operating margin | 9900 | €10,131 | €4,527 | -€5,604 | -55.3% |
| Operating profit (loss) | 9901 | €6,071 | -€3,801 | -€9,872 | |
| Financial income | 75/76B | €4,173 | €3,753 | -€420 | -10.1% |
| Recurring financial income | 75 | €4,173 | €3,753 | -€420 | -10.1% |
| Financial charges | 65/66B | €670 | €436 | -€234 | -34.9% |
| Recurring financial charges | 65 | €670 | €436 | -€234 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €9,574 | -€484 | -€10,058 | |
| Income taxes | 67/77 | €2,885 | €291 | -€2,595 | -89.9% |
| Profit (loss) for the period | 9904 | €6,689 | -€774 | -€7,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,689 | -€774 | -€7,463 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.