MALVARMIGO: what changed
Two fiscal 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.
MALVARMIGO
Largest movements
- Tangible fixed assets -€35,336
down €35,336 (-3.9%), from €902,808 to €867,472
- Cash +€10,435
up €10,435 (+40.0%), from €26,101 to €36,536
mainly Depreciation (+€35,336) and Net result for the year (+€24,535)
- Debts after one year -€60,003
down €60,003 (-12.0%), from €499,419 to €439,416
- Reserves +€24,535
up €24,535, from €0 to €24,535
- Accrued charges and deferred income -€16,052
down €16,052 (-62.8%), from €25,542 to €9,490
- Other debts +€11,788
up €11,788 (+3.6%), from €330,014 to €341,802
- Financial charges -€19,830
down €19,830 (-61.6%), from €32,197 to €12,367
- Taxes +€4,349
up €4,349 (+174.6%), from €2,491 to €6,840
- Gross operating margin +€2,190
up €2,190 (+2.6%), from €84,890 to €87,080
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 | €932,990 | €908,232 | -€24,758 | -2.7% |
| Fixed assets | 21/28 | €902,808 | €867,472 | -€35,336 | -3.9% |
| Tangible fixed assets | 22/27 | €902,808 | €867,472 | -€35,336 | -3.9% |
| Land and buildings | 22 | €902,808 | €867,472 | -€35,336 | -3.9% |
| Current assets | 29/58 | €30,182 | €40,761 | +€10,579 | +35.0% |
| Amounts receivable within one year | 40/41 | €2,509 | €2,509 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,509 | €2,509 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,101 | €36,536 | +€10,435 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,572 | €1,715 | +€144 | +9.1% |
| Total equity and liabilities | 10/49 | €932,990 | €908,232 | -€24,758 | -2.7% |
| Equity | 10/15 | €18,600 | €43,135 | +€24,535 | +131.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €24,535 | +€24,535 | |
| Distributable reserves | 133 | €0 | €24,535 | +€24,535 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €914,390 | €865,097 | -€49,293 | -5.4% |
| Amounts payable after more than one year | 17 | €499,419 | €439,416 | -€60,003 | -12.0% |
| Financial debts | 170/4 | €499,419 | €439,416 | -€60,003 | -12.0% |
| Amounts payable within one year | 42/48 | €389,429 | €416,191 | +€26,762 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €58,961 | €60,003 | +€1,043 | +1.8% |
| Trade debts | 44 | - | €7,547 | +€7,547 | |
| Suppliers | 440/4 | - | €7,547 | +€7,547 | |
| Taxes, remuneration and social security | 45 | €454 | €6,840 | +€6,386 | +1405.9% |
| Taxes | 450/3 | €454 | €6,840 | +€6,386 | +1405.9% |
| Other amounts payable | 47/48 | €330,014 | €341,802 | +€11,788 | +3.6% |
| Accrued charges and deferred income | 492/3 | €25,542 | €9,490 | -€16,052 | -62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,973 | €35,336 | +€363 | +1.0% |
| Other operating charges | 640/8 | €7,757 | €8,001 | +€245 | +3.2% |
| Gross operating margin | 9900 | €84,890 | €87,080 | +€2,190 | +2.6% |
| Operating profit (loss) | 9901 | €42,160 | €43,742 | +€1,582 | +3.8% |
| Financial charges | 65/66B | €32,197 | €12,367 | -€19,830 | -61.6% |
| Recurring financial charges | 65 | €32,197 | €12,367 | -€19,830 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €9,963 | €31,375 | +€21,412 | +214.9% |
| Income taxes | 67/77 | €2,491 | €6,840 | +€4,349 | +174.6% |
| Profit (loss) for the period | 9904 | €7,472 | €24,535 | +€17,063 | +228.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,472 | €24,535 | +€17,063 | +228.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.