MALU: 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.
MALU
Largest movements
- Cash -€167,238
down €167,238 (-50.4%), from €331,604 to €164,366
- Deferred charges and accrued income +€105,098
up €105,098 (+248%), from €42,298 to €147,396
- Profit (loss) carried forward -€106,981
down €106,981 (-29.4%), from €363,691 to €256,710
- Tax, wage and social debts +€44,773
up €44,773 (+289%), from €15,469 to €60,242
- Gross operating margin +€143,234
up €143,234 (+74.0%), from €193,483 to €336,717
- Taxes +€36,749
up €36,749 (+84.5%), from €43,484 to €80,232
- Depreciation -€6,453
down €6,453 (-86.8%), from €7,436 to €982
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,287 | €327,818 | -€60,469 | -15.6% |
| Fixed assets | 21/28 | €7,869 | €6,241 | -€1,628 | -20.7% |
| Tangible fixed assets | 22/27 | €5,769 | €4,241 | -€1,528 | -26.5% |
| Furniture and vehicles | 24 | €5,769 | €4,241 | -€1,528 | -26.5% |
| Financial fixed assets | 28 | €2,100 | €2,000 | -€100 | -4.8% |
| Current assets | 29/58 | €380,418 | €321,577 | -€58,841 | -15.5% |
| Amounts receivable within one year | 40/41 | €6,516 | €9,816 | +€3,299 | +50.6% |
| Other amounts receivable | 41 | €6,516 | €9,816 | +€3,299 | +50.6% |
| Cash at bank and in hand | 54/58 | €331,604 | €164,366 | -€167,238 | -50.4% |
| Deferred charges and accrued income | 490/1 | €42,298 | €147,396 | +€105,098 | +248% |
| Total equity and liabilities | 10/49 | €388,287 | €327,818 | -€60,469 | -15.6% |
| Equity | 10/15 | €369,691 | €262,710 | -€106,981 | -28.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | - | -€6,000 | |
| Issued capital | 100 | €6,000 | - | -€6,000 | |
| Profit (loss) carried forward | 14 | €363,691 | €256,710 | -€106,981 | -29.4% |
| Amounts payable | 17/49 | €18,596 | €65,108 | +€46,512 | +250% |
| Amounts payable within one year | 42/48 | €18,092 | €64,604 | +€46,512 | +257% |
| Trade debts | 44 | €1,751 | €2,056 | +€305 | +17.4% |
| Suppliers | 440/4 | €1,751 | €2,056 | +€305 | +17.4% |
| Taxes, remuneration and social security | 45 | €15,469 | €60,242 | +€44,773 | +289% |
| Taxes | 450/3 | €15,469 | €60,242 | +€44,773 | +289% |
| Other amounts payable | 47/48 | €872 | €2,306 | +€1,434 | +165% |
| Accrued charges and deferred income | 492/3 | €504 | €504 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,436 | €982 | -€6,453 | -86.8% |
| Other operating charges | 640/8 | €937 | €1,473 | +€535 | +57.1% |
| Gross operating margin | 9900 | €193,483 | €336,717 | +€143,234 | +74.0% |
| Operating profit (loss) | 9901 | €185,110 | €334,262 | +€149,152 | +80.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €1,259 | €77 | -€1,182 | -93.9% |
| Recurring financial charges | 65 | €1,259 | €77 | -€1,182 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €183,851 | €334,185 | +€150,334 | +81.8% |
| Income taxes | 67/77 | €43,484 | €80,232 | +€36,749 | +84.5% |
| Profit (loss) for the period | 9904 | €140,367 | €253,953 | +€113,585 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €140,367 | €253,953 | +€113,585 | +80.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.