MALUMAT MANAGEMENT: 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.
MALUMAT MANAGEMENT
Largest movements
- Cash -€3,392
down €3,392 (-10.4%), from €32,756 to €29,364
mainly Tax, wage and social debts (-€2,747) and Net result for the year (-€1,045)
- Reserves -€3,924
down €3,924 (-3.4%), from €117,090 to €113,166
of which Tax-exempt reserves: -€3,924
- Profit (loss) carried forward +€2,879
up €2,879 (+20.9%), from €13,752 to €16,631
- Tax, wage and social debts -€2,747
down €2,747 (-83.6%), from €3,284 to €537
- Gross operating margin +€1,254
up €1,254 (+95.0%), from -€1,320 to -€66
- Other operating charges +€400
new in 2025: €400
- Financial charges -€41
down €41 (-49.4%), from €83 to €42
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,526 | €139,735 | -€3,792 | -2.6% |
| Current assets | 29/58 | €143,526 | €139,735 | -€3,792 | -2.6% |
| Amounts receivable within one year | 40/41 | €110,771 | €110,371 | -€400 | -0.4% |
| Other amounts receivable | 41 | €110,771 | €110,371 | -€400 | -0.4% |
| Cash at bank and in hand | 54/58 | €32,756 | €29,364 | -€3,392 | -10.4% |
| Total equity and liabilities | 10/49 | €143,526 | €139,735 | -€3,792 | -2.6% |
| Equity | 10/15 | €140,242 | €139,197 | -€1,045 | -0.7% |
| Contributions | 10/11 | €9,400 | €9,400 | = | 0.0% |
| Contributions outside capital | 11 | €9,400 | €9,400 | = | 0.0% |
| Other | 1109/19 | €9,400 | €9,400 | = | 0.0% |
| Reserves | 13 | €117,090 | €113,166 | -€3,924 | -3.4% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,880 | €1,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,924 | - | -€3,924 | |
| Distributable reserves | 133 | €111,286 | €111,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,752 | €16,631 | +€2,879 | +20.9% |
| Amounts payable | 17/49 | €3,284 | €537 | -€2,747 | -83.6% |
| Amounts payable within one year | 42/48 | €3,284 | €537 | -€2,747 | -83.6% |
| Taxes, remuneration and social security | 45 | €3,284 | €537 | -€2,747 | -83.6% |
| Taxes | 450/3 | €3,284 | €537 | -€2,747 | -83.6% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€1,320 | -€66 | +€1,254 | +95.0% |
| Operating profit (loss) | 9901 | -€1,320 | -€466 | +€854 | +64.7% |
| Financial charges | 65/66B | €83 | €42 | -€41 | -49.4% |
| Recurring financial charges | 65 | €83 | €42 | -€41 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,403 | -€508 | +€896 | +63.8% |
| Income taxes | 67/77 | €530 | €537 | +€7 | +1.3% |
| Profit (loss) for the period | 9904 | -€1,933 | -€1,045 | +€888 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,933 | -€1,045 | +€888 | +46.0% |
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 13 October 2026 via checked.be.