MALU MANAGEMENT: what changed
What changed
MALU MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€64,637
2024 · €70,640-€6,003
Equity
€138,276
2024 · €73,640+€64,637
Cash
€33,997
2024 · €33,700+€297
Balance sheet total
€990,873
2024 · €948,419+€42,454
Largest movements
Assets
- Receivables within one year +€38,217
up €38,217 (+4.2%), from €913,397 to €951,615
of which Other amounts receivable: +€56,316
Equity and liabilities
- Profit (loss) carried forward +€64,637
up €64,637 (+91.5%), from €70,640 to €135,276
- Debts after one year -€23,927
down €23,927 (-3.9%), from €621,474 to €597,546
- Other debts +€17,114
up €17,114 (+9.6%), from €177,452 to €194,566
Income statement
- Gross operating margin -€8,364
down €8,364 (-6.7%), from €124,401 to €116,037
- Financial charges -€4,793
down €4,793 (-14.2%), from €33,826 to €29,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€70,640
Gross operating margin
-€8,364
Depreciation
-€603
Other operating charges
-€879
Financial charges
+€4,793
Taxes
-€949
Result 2025
€64,637
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,166
Investment
-€4,924
Financing
-€22,945
Cash 2024
€33,700
From operations (derived)
+€28,166
Net result for the year
+€64,637
Depreciation
+€985
Receivables within one year
-€38,217
Trade debts
-€9,275
Tax, wage and social debts
-€7,077
Other debts
+€17,114
Investment (derived)
-€4,924
Investment in fixed assets (net)
-€4,924
Financing
-€22,945
Debts after one year
-€23,927
Current portion of long-term debt
+€982
Cash 2025
€33,997
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,419 | €990,873 | +€42,454 | +4.5% |
| Fixed assets | 21/28 | €1,322 | €5,261 | +€3,939 | +298% |
| Tangible fixed assets | 22/27 | €1,322 | €5,261 | +€3,939 | +298% |
| Plant, machinery and equipment | 23 | €550 | €4,053 | +€3,502 | +636% |
| Furniture and vehicles | 24 | €772 | €1,209 | +€437 | +56.6% |
| Current assets | 29/58 | €947,097 | €985,612 | +€38,514 | +4.1% |
| Amounts receivable within one year | 40/41 | €913,397 | €951,615 | +€38,217 | +4.2% |
| Trade receivables | 40 | €29,739 | €11,641 | -€18,098 | -60.9% |
| Other amounts receivable | 41 | €883,658 | €939,974 | +€56,316 | +6.4% |
| Cash at bank and in hand | 54/58 | €33,700 | €33,997 | +€297 | +0.9% |
| Total equity and liabilities | 10/49 | €948,419 | €990,873 | +€42,454 | +4.5% |
| Equity | 10/15 | €73,640 | €138,276 | +€64,637 | +87.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,640 | €135,276 | +€64,637 | +91.5% |
| Amounts payable | 17/49 | €874,780 | €852,597 | -€22,183 | -2.5% |
| Amounts payable after more than one year | 17 | €621,474 | €597,546 | -€23,927 | -3.9% |
| Financial debts | 170/4 | €621,474 | €597,546 | -€23,927 | -3.9% |
| Amounts payable within one year | 42/48 | €253,306 | €255,050 | +€1,744 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €22,945 | €23,927 | +€982 | +4.3% |
| Trade debts | 44 | €20,304 | €11,029 | -€9,275 | -45.7% |
| Suppliers | 440/4 | €20,304 | €11,029 | -€9,275 | -45.7% |
| Taxes, remuneration and social security | 45 | €32,605 | €25,527 | -€7,077 | -21.7% |
| Taxes | 450/3 | €32,605 | €25,527 | -€7,077 | -21.7% |
| Other amounts payable | 47/48 | €177,452 | €194,566 | +€17,114 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €985 | +€603 | +158% |
| Other operating charges | 640/8 | €1,554 | €2,434 | +€879 | +56.6% |
| Gross operating margin | 9900 | €124,401 | €116,037 | -€8,364 | -6.7% |
| Operating profit (loss) | 9901 | €122,466 | €112,619 | -€9,847 | -8.0% |
| Financial charges | 65/66B | €33,826 | €29,033 | -€4,793 | -14.2% |
| Recurring financial charges | 65 | €33,826 | €29,033 | -€4,793 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €88,640 | €83,586 | -€5,053 | -5.7% |
| Income taxes | 67/77 | €18,000 | €18,949 | +€949 | +5.3% |
| Profit (loss) for the period | 9904 | €70,640 | €64,637 | -€6,003 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,640 | €64,637 | -€6,003 | -8.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.