MALUCA: 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.
MALUCA
Largest movements
- Tangible fixed assets +€38,000
new in 2025: €38,000
- Financial fixed assets +€13,863
new in 2025: €13,863
- Receivables within one year -€8,095
down €8,095 (-93.7%), from €8,644 to €548
of which Trade receivables: -€7,993
- Profit (loss) carried forward +€26,413
up €26,413 (+1.0%), from -€2.6m to -€2.6m
- Tax, wage and social debts +€10,930
up €10,930 (+112.9%), from €9,678 to €20,608
of which Taxes: +€6,930
- Trade debts +€8,130
up €8,130 (+159.6%), from €5,095 to €13,226
- Accrued charges and deferred income -€7,000
no longer reported in 2025 (was €7,000)
- Other debts +€3,400
up €3,400 (+0.2%), from €1.4m to €1.4m
- Gross operating margin +€13,361
up €13,361 (+54.3%), from €24,598 to €37,959
- Taxes +€3,531
up €3,531 (+58.1%), from €6,081 to €9,612
- Provisions +€1,500
new in 2025: €1,500
- Other operating charges -€441
down €441 (-53.2%), from €828 to €387
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 | €11,998 | €55,371 | +€43,373 | +361.5% |
| Fixed assets | 21/28 | - | €51,863 | +€51,863 | |
| Tangible fixed assets | 22/27 | - | €38,000 | +€38,000 | |
| Other tangible fixed assets | 26 | - | €38,000 | +€38,000 | |
| Financial fixed assets | 28 | - | €13,863 | +€13,863 | |
| Current assets | 29/58 | €11,998 | €3,508 | -€8,490 | -70.8% |
| Amounts receivable within one year | 40/41 | €8,644 | €548 | -€8,095 | -93.7% |
| Trade receivables | 40 | €8,470 | €477 | -€7,993 | -94.4% |
| Other amounts receivable | 41 | €174 | €71 | -€103 | -59.1% |
| Cash at bank and in hand | 54/58 | €3,305 | €2,907 | -€398 | -12.0% |
| Deferred charges and accrued income | 490/1 | €50 | €52 | +€3 | +5.8% |
| Total equity and liabilities | 10/49 | €11,998 | €55,371 | +€43,373 | +361.5% |
| Equity | 10/15 | -€1,372,154 | -€1,345,742 | +€26,413 | +1.9% |
| Contributions | 10/11 | €1,220,000 | €1,220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,592,154 | -€2,565,742 | +€26,413 | +1.0% |
| Provisions and deferred taxes | 16 | - | €1,500 | +€1,500 | |
| Provisions for liabilities and charges | 160/5 | - | €1,500 | +€1,500 | |
| Major repairs and maintenance | 162 | - | €1,500 | +€1,500 | |
| Amounts payable | 17/49 | €1,384,152 | €1,399,612 | +€15,460 | +1.1% |
| Amounts payable within one year | 42/48 | €1,377,152 | €1,399,612 | +€22,460 | +1.6% |
| Trade debts | 44 | €5,095 | €13,226 | +€8,130 | +159.6% |
| Suppliers | 440/4 | €5,095 | €13,226 | +€8,130 | +159.6% |
| Taxes, remuneration and social security | 45 | €9,678 | €20,608 | +€10,930 | +112.9% |
| Taxes | 450/3 | €9,678 | €16,608 | +€6,930 | +71.6% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €1,362,379 | €1,365,779 | +€3,400 | +0.2% |
| Accrued charges and deferred income | 492/3 | €7,000 | - | -€7,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,500 | +€1,500 | |
| Other operating charges | 640/8 | €828 | €387 | -€441 | -53.2% |
| Gross operating margin | 9900 | €24,598 | €37,959 | +€13,361 | +54.3% |
| Operating profit (loss) | 9901 | €23,769 | €36,071 | +€12,302 | +51.8% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €50 | €46 | -€4 | -7.3% |
| Recurring financial charges | 65 | €50 | €46 | -€4 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €23,728 | €36,025 | +€12,297 | +51.8% |
| Income taxes | 67/77 | €6,081 | €9,612 | +€3,531 | +58.1% |
| Profit (loss) for the period | 9904 | €17,647 | €26,413 | +€8,765 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,647 | €26,413 | +€8,765 | +49.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.