MALU & CO.: 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.
What changed
MALU & CO.
NACE 69.209, Other tax advisory services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,603
2024 · -€14,741+€12,138
Equity
€113,067
2024 · €115,671-€2,603
Cash
€9,868
2024 · €12,606-€2,737
Balance sheet total
€289,231
2024 · €299,453-€10,222
Largest movements
Assets
- Tangible fixed assets -€9,522
down €9,522 (-3.5%), from €275,703 to €266,181
of which Land and buildings: -€10,902
Equity and liabilities
- Debts after one year -€9,611
down €9,611 (-6.5%), from €148,586 to €138,976
Income statement
- Depreciation -€13,963
down €13,963 (-55.7%), from €25,048 to €11,085
- Gross operating margin -€1,353
down €1,353 (-7.9%), from €17,154 to €15,801
- Financial charges +€628
up €628 (+14.8%), from €4,234 to €4,861
- Other operating charges -€240
down €240 (-9.2%), from €2,615 to €2,376
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.
Result 2024
-€14,741
Gross operating margin
-€1,353
Depreciation
+€13,963
Other operating charges
+€240
Financial income
+€3
Financial charges
-€628
Taxes
-€87
Result 2025
-€2,603
raises the resultlowers the result
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.
From operations
+€8,436
Investment
-€1,563
Financing
-€9,611
Cash 2024
€12,606
From operations (derived)
+€8,436
Net result for the year
-€2,603
Depreciation
+€11,085
Receivables within one year
-€1,922
Deferred charges and accrued income
-€116
Trade debts
+€1,350
Tax, wage and social debts
+€622
Other debts
+€20
Investment (derived)
-€1,563
Investment in fixed assets (net)
-€1,563
Financing
-€9,611
Debts after one year
-€9,611
Cash 2025
€9,868
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,453 | €289,231 | -€10,222 | -3.4% |
| Fixed assets | 21/28 | €275,703 | €266,181 | -€9,522 | -3.5% |
| Tangible fixed assets | 22/27 | €275,703 | €266,181 | -€9,522 | -3.5% |
| Land and buildings | 22 | €275,453 | €264,551 | -€10,902 | -4.0% |
| Plant, machinery and equipment | 23 | €251 | €1,630 | +€1,380 | +551% |
| Current assets | 29/58 | €23,750 | €23,050 | -€700 | -2.9% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Trade receivables | 290 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €608 | €2,530 | +€1,922 | +316% |
| Trade receivables | 40 | €520 | €2,529 | +€2,009 | +386% |
| Other amounts receivable | 41 | €88 | €1 | -€88 | -99.2% |
| Cash at bank and in hand | 54/58 | €12,606 | €9,868 | -€2,737 | -21.7% |
| Deferred charges and accrued income | 490/1 | €536 | €652 | +€116 | +21.6% |
| Total equity and liabilities | 10/49 | €299,453 | €289,231 | -€10,222 | -3.4% |
| Equity | 10/15 | €115,671 | €113,067 | -€2,603 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €132,786 | €132,786 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,575 | -€40,179 | -€2,603 | -6.9% |
| Provisions and deferred taxes | 16 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €2,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €181,282 | €173,664 | -€7,619 | -4.2% |
| Amounts payable after more than one year | 17 | €148,586 | €138,976 | -€9,611 | -6.5% |
| Financial debts | 170/4 | €148,586 | €138,976 | -€9,611 | -6.5% |
| Amounts payable within one year | 42/48 | €32,696 | €34,688 | +€1,992 | +6.1% |
| Trade debts | 44 | €1,184 | €2,534 | +€1,350 | +114% |
| Suppliers | 440/4 | €1,184 | €2,534 | +€1,350 | +114% |
| Taxes, remuneration and social security | 45 | €1,855 | €2,476 | +€622 | +33.5% |
| Taxes | 450/3 | €464 | €1,086 | +€622 | +134% |
| Remuneration and social security | 454/9 | €1,390 | €1,390 | = | 0.0% |
| Other amounts payable | 47/48 | €29,658 | €29,678 | +€20 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,048 | €11,085 | -€13,963 | -55.7% |
| Other operating charges | 640/8 | €2,615 | €2,376 | -€240 | -9.2% |
| Gross operating margin | 9900 | €17,154 | €15,801 | -€1,353 | -7.9% |
| Operating profit (loss) | 9901 | -€10,509 | €2,340 | +€12,850 | |
| Financial income | 75/76B | €3 | €6 | +€3 | +83.1% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +83.1% |
| Financial charges | 65/66B | €4,234 | €4,861 | +€628 | +14.8% |
| Recurring financial charges | 65 | €4,234 | €4,861 | +€628 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,740 | -€2,515 | +€12,225 | +82.9% |
| Income taxes | 67/77 | €1 | €88 | +€87 | +8,860% |
| Profit (loss) for the period | 9904 | -€14,741 | -€2,603 | +€12,138 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,741 | -€2,603 | +€12,138 | +82.3% |
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 16 October 2026 via checked.be.