MALVAROSA: 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.
MALVAROSA
Largest movements
- Cash +€12,940
up €12,940 (+1439.2%), from €899 to €13,839
mainly Net result for the year (+€44,005) and Investment in fixed assets (net) (+€5,606)
- Tangible fixed assets -€7,807
down €7,807 (-96.3%), from €8,108 to €301
of which Furniture and vehicles: -€4,225
- Financial fixed assets -€2,024
no longer reported in 2025 (was €2,024)
- Receivables within one year -€1,828
down €1,828 (-98.9%), from €1,850 to €21
of which Trade receivables: -€1,572
- Profit (loss) carried forward +€44,005
up €44,005, from -€43,736 to €269
- Other debts -€34,908
down €34,908 (-83.2%), from €41,954 to €7,045
- Tax, wage and social debts -€5,973
down €5,973 (-94.4%), from €6,329 to €356
of which Taxes: -€5,014
- Trade debts -€1,843
down €1,843 (-90.6%), from €2,034 to €191
- Gross operating margin +€49,052
up €49,052 (+658.3%), from €7,451 to €56,503
- Staff costs -€20,397
down €20,397 (-81.3%), from €25,104 to €4,707
- Depreciation -€12,612
down €12,612 (-74.9%), from €16,837 to €4,225
- Financial charges -€1,924
down €1,924 (-84.2%), from €2,284 to €360
- Other operating charges +€1,331
up €1,331 (+87.7%), from €1,518 to €2,849
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 | €12,881 | €14,162 | +€1,281 | +9.9% |
| Fixed assets | 21/28 | €10,132 | €301 | -€9,831 | -97.0% |
| Tangible fixed assets | 22/27 | €8,108 | €301 | -€7,807 | -96.3% |
| Furniture and vehicles | 24 | €4,526 | €301 | -€4,225 | -93.4% |
| Other tangible fixed assets | 26 | €3,582 | - | -€3,582 | |
| Financial fixed assets | 28 | €2,024 | - | -€2,024 | |
| Current assets | 29/58 | €2,749 | €13,861 | +€11,112 | +404.2% |
| Amounts receivable within one year | 40/41 | €1,850 | €21 | -€1,828 | -98.9% |
| Trade receivables | 40 | €1,572 | - | -€1,572 | |
| Other amounts receivable | 41 | €278 | €21 | -€257 | -92.4% |
| Cash at bank and in hand | 54/58 | €899 | €13,839 | +€12,940 | +1439.2% |
| Total equity and liabilities | 10/49 | €12,881 | €14,162 | +€1,281 | +9.9% |
| Equity | 10/15 | -€37,436 | €6,569 | +€44,005 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,736 | €269 | +€44,005 | |
| Amounts payable | 17/49 | €50,317 | €7,593 | -€42,724 | -84.9% |
| Amounts payable within one year | 42/48 | €50,317 | €7,593 | -€42,724 | -84.9% |
| Trade debts | 44 | €2,034 | €191 | -€1,843 | -90.6% |
| Suppliers | 440/4 | €2,034 | €191 | -€1,843 | -90.6% |
| Taxes, remuneration and social security | 45 | €6,329 | €356 | -€5,973 | -94.4% |
| Taxes | 450/3 | €5,370 | €356 | -€5,014 | -93.4% |
| Remuneration and social security | 454/9 | €959 | - | -€959 | |
| Other amounts payable | 47/48 | €41,954 | €7,045 | -€34,908 | -83.2% |
| Non-recurring operating income | 76A | - | €86,418 | +€86,418 | |
| Remuneration, social security and pensions | 62 | €25,104 | €4,707 | -€20,397 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,837 | €4,225 | -€12,612 | -74.9% |
| Other operating charges | 640/8 | €1,518 | €2,849 | +€1,331 | +87.7% |
| Gross operating margin | 9900 | €7,451 | €56,503 | +€49,052 | +658.3% |
| Operating profit (loss) | 9901 | -€36,007 | €44,722 | +€80,729 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,284 | €360 | -€1,924 | -84.2% |
| Recurring financial charges | 65 | €2,284 | €360 | -€1,924 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,291 | €44,361 | +€82,653 | |
| Income taxes | 67/77 | - | €356 | +€356 | |
| Profit (loss) for the period | 9904 | -€38,291 | €44,005 | +€82,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,291 | €44,005 | +€82,296 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.