Malune: 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.
Malune
Largest movements
- Tangible fixed assets +€48,307
new in 2025: €48,307
- Receivables within one year +€42,177
up €42,177 (+289.8%), from €14,555 to €56,732
of which Trade receivables: +€41,973
- Cash -€6,851
down €6,851 (-43.4%), from €15,783 to €8,932
mainly Investment in fixed assets (net) (-€57,848) and Receivables within one year (-€42,177)
- Other debts +€78,184
up €78,184 (+1712.9%), from €4,564 to €82,749
- Reserves +€10,976
new in 2025: €10,976
- Tax, wage and social debts -€4,680
down €4,680 (-56.8%), from €8,245 to €3,565
- Depreciation +€9,541
new in 2025: €9,541
- Gross operating margin +€6,288
up €6,288 (+31.6%), from €19,885 to €26,173
- Taxes +€1,184
up €1,184 (+32.5%), from €3,639 to €4,824
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 | €30,338 | €113,971 | +€83,633 | +275.7% |
| Fixed assets | 21/28 | - | €48,307 | +€48,307 | |
| Tangible fixed assets | 22/27 | - | €48,307 | +€48,307 | |
| Furniture and vehicles | 24 | - | €48,307 | +€48,307 | |
| Current assets | 29/58 | €30,338 | €65,665 | +€35,326 | +116.4% |
| Amounts receivable within one year | 40/41 | €14,555 | €56,732 | +€42,177 | +289.8% |
| Trade receivables | 40 | €7,940 | €49,913 | +€41,973 | +528.6% |
| Other amounts receivable | 41 | €6,615 | €6,819 | +€204 | +3.1% |
| Cash at bank and in hand | 54/58 | €15,783 | €8,932 | -€6,851 | -43.4% |
| Total equity and liabilities | 10/49 | €30,338 | €113,971 | +€83,633 | +275.7% |
| Equity | 10/15 | €16,486 | €27,463 | +€10,976 | +66.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €10,976 | +€10,976 | |
| Distributable reserves | 133 | - | €10,976 | +€10,976 | |
| Profit (loss) carried forward | 14 | €13,986 | €13,986 | = | 0.0% |
| Amounts payable | 17/49 | €13,852 | €86,509 | +€72,657 | +524.5% |
| Amounts payable within one year | 42/48 | €13,681 | €86,314 | +€72,632 | +530.9% |
| Trade debts | 44 | €872 | - | -€872 | |
| Suppliers | 440/4 | €872 | - | -€872 | |
| Taxes, remuneration and social security | 45 | €8,245 | €3,565 | -€4,680 | -56.8% |
| Remuneration and social security | 454/9 | €8,245 | €3,565 | -€4,680 | -56.8% |
| Other amounts payable | 47/48 | €4,564 | €82,749 | +€78,184 | +1712.9% |
| Accrued charges and deferred income | 492/3 | €171 | €195 | +€24 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,541 | +€9,541 | |
| Other operating charges | 640/8 | €535 | €660 | +€124 | +23.2% |
| Gross operating margin | 9900 | €19,885 | €26,173 | +€6,288 | +31.6% |
| Operating profit (loss) | 9901 | €19,349 | €15,972 | -€3,377 | -17.5% |
| Financial charges | 65/66B | €124 | €172 | +€49 | +39.1% |
| Recurring financial charges | 65 | €124 | €172 | +€49 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €19,226 | €15,800 | -€3,426 | -17.8% |
| Income taxes | 67/77 | €3,639 | €4,824 | +€1,184 | +32.5% |
| Profit (loss) for the period | 9904 | €15,586 | €10,976 | -€4,610 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,586 | €10,976 | -€4,610 | -29.6% |
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 9 October 2026 via checked.be.