Maluco: 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.
Maluco
Largest movements
- Tangible fixed assets -€19,187
down €19,187 (-39.6%), from €48,456 to €29,269
of which Plant, machinery and equipment: -€11,816
- Cash -€8,729
down €8,729 (-33.7%), from €25,937 to €17,208
mainly Other debts (-€20,615) and Accrued charges and deferred income (-€4,521)
- Receivables within one year -€1,316
no longer reported in 2025 (was €1,316)
- Other debts -€20,615
down €20,615 (-85.2%), from €24,207 to €3,592
- Accrued charges and deferred income -€4,521
no longer reported in 2025 (was €4,521)
- Profit (loss) carried forward -€4,119
down €4,119 (-28.9%), from €14,256 to €10,137
- Gross operating margin -€18,547
down €18,547, from €18,494 to -€53
- Depreciation -€8,935
down €8,935 (-60.7%), from €14,730 to €5,795
- Financial charges -€2,580
down €2,580 (-91.6%), from €2,816 to €236
- Financial income +€2,530
new in 2025: €2,530
of which Financial income: +€2,530
- Taxes -€632
down €632, from €580 to -€52
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 | €76,791 | €47,052 | -€29,739 | -38.7% |
| Fixed assets | 21/28 | €48,456 | €29,269 | -€19,187 | -39.6% |
| Tangible fixed assets | 22/27 | €48,456 | €29,269 | -€19,187 | -39.6% |
| Plant, machinery and equipment | 23 | €12,025 | €209 | -€11,816 | -98.3% |
| Furniture and vehicles | 24 | €36,431 | €29,060 | -€7,371 | -20.2% |
| Current assets | 29/58 | €28,335 | €17,783 | -€10,552 | -37.2% |
| Amounts receivable within one year | 40/41 | €1,316 | - | -€1,316 | |
| Other amounts receivable | 41 | €1,316 | - | -€1,316 | |
| Cash at bank and in hand | 54/58 | €25,937 | €17,208 | -€8,729 | -33.7% |
| Deferred charges and accrued income | 490/1 | €1,082 | €575 | -€507 | -46.9% |
| Total equity and liabilities | 10/49 | €76,791 | €47,052 | -€29,739 | -38.7% |
| Equity | 10/15 | €47,166 | €43,047 | -€4,119 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,310 | €14,310 | = | 0.0% |
| Distributable reserves | 133 | €14,310 | €14,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,256 | €10,137 | -€4,119 | -28.9% |
| Amounts payable | 17/49 | €29,625 | €4,005 | -€25,620 | -86.5% |
| Amounts payable within one year | 42/48 | €25,104 | €4,005 | -€21,099 | -84.0% |
| Trade debts | 44 | €317 | €124 | -€193 | -60.9% |
| Suppliers | 440/4 | €317 | €124 | -€193 | -60.9% |
| Taxes, remuneration and social security | 45 | €580 | €289 | -€291 | -50.2% |
| Taxes | 450/3 | €580 | €289 | -€291 | -50.2% |
| Other amounts payable | 47/48 | €24,207 | €3,592 | -€20,615 | -85.2% |
| Accrued charges and deferred income | 492/3 | €4,521 | - | -€4,521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,730 | €5,795 | -€8,935 | -60.7% |
| Other operating charges | 640/8 | €492 | €617 | +€125 | +25.4% |
| Gross operating margin | 9900 | €18,494 | -€53 | -€18,547 | |
| Operating profit (loss) | 9901 | €3,272 | -€6,465 | -€9,737 | |
| Financial income | 75/76B | - | €2,530 | +€2,530 | |
| Recurring financial income | 75 | - | €2,530 | +€2,530 | |
| Non-recurring financial income | 76B | - | €2,530 | +€2,530 | |
| Financial charges | 65/66B | €2,816 | €236 | -€2,580 | -91.6% |
| Recurring financial charges | 65 | €2,816 | €236 | -€2,580 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €456 | -€4,171 | -€4,627 | |
| Income taxes | 67/77 | €580 | -€52 | -€632 | |
| Profit (loss) for the period | 9904 | -€124 | -€4,119 | -€3,995 | -3221.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€124 | -€4,119 | -€3,995 | -3221.8% |
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 11 October 2026 via checked.be.