Malvina: 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.
Malvina
Largest movements
- Cash +€14,207
up €14,207 (+7892.8%), from €180 to €14,387
mainly Net result for the year (+€25,770) and Depreciation (+€4,825)
- Receivables within one year +€8,107
up €8,107 (+781.0%), from €1,038 to €9,145
of which Trade receivables: +€8,470
- Tangible fixed assets -€2,034
down €2,034 (-27.4%), from €7,422 to €5,388
of which Furniture and vehicles: -€1,034
- Profit (loss) carried forward +€25,110
no longer reported in 2025 (was -€25,110)
- Other debts -€5,750
down €5,750 (-68.8%), from €8,353 to €2,603
- Reserves +€660
up €660 (+2.8%), from €23,273 to €23,933
of which Distributable reserves: +€660
- Gross operating margin +€33,571
up €33,571, from -€1,287 to €32,284
- Other operating charges +€1,178
up €1,178 (+841.4%), from €140 to €1,318
- Depreciation -€549
down €549 (-10.2%), from €5,374 to €4,825
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 | €8,640 | €28,920 | +€20,280 | +234.7% |
| Fixed assets | 21/28 | €7,422 | €5,388 | -€2,034 | -27.4% |
| Tangible fixed assets | 22/27 | €7,422 | €5,388 | -€2,034 | -27.4% |
| Land and buildings | 22 | €493 | €407 | -€86 | -17.4% |
| Plant, machinery and equipment | 23 | €914 | - | -€914 | |
| Furniture and vehicles | 24 | €6,015 | €4,981 | -€1,034 | -17.2% |
| Current assets | 29/58 | €1,218 | €23,532 | +€22,314 | +1832.0% |
| Amounts receivable within one year | 40/41 | €1,038 | €9,145 | +€8,107 | +781.0% |
| Trade receivables | 40 | €508 | €8,978 | +€8,470 | +1667.3% |
| Other amounts receivable | 41 | €530 | €167 | -€363 | -68.5% |
| Cash at bank and in hand | 54/58 | €180 | €14,387 | +€14,207 | +7892.8% |
| Total equity and liabilities | 10/49 | €8,640 | €28,920 | +€20,280 | +234.7% |
| Equity | 10/15 | €163 | €25,933 | +€25,770 | +15809.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,273 | €23,933 | +€660 | +2.8% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €23,073 | €23,733 | +€660 | +2.9% |
| Profit (loss) carried forward | 14 | -€25,110 | - | +€25,110 | |
| Amounts payable | 17/49 | €8,477 | €2,987 | -€5,490 | -64.8% |
| Amounts payable within one year | 42/48 | €8,477 | €2,987 | -€5,490 | -64.8% |
| Trade debts | 44 | €124 | €144 | +€20 | +16.1% |
| Suppliers | 440/4 | €124 | €144 | +€20 | +16.1% |
| Taxes, remuneration and social security | 45 | - | €240 | +€240 | |
| Taxes | 450/3 | - | €240 | +€240 | |
| Other amounts payable | 47/48 | €8,353 | €2,603 | -€5,750 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,374 | €4,825 | -€549 | -10.2% |
| Other operating charges | 640/8 | €140 | €1,318 | +€1,178 | +841.4% |
| Gross operating margin | 9900 | -€1,287 | €32,284 | +€33,571 | |
| Operating profit (loss) | 9901 | -€6,801 | €26,141 | +€32,942 | |
| Financial charges | 65/66B | €51 | €131 | +€80 | +156.9% |
| Recurring financial charges | 65 | €51 | €131 | +€80 | +156.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,852 | €26,010 | +€32,862 | |
| Income taxes | 67/77 | - | €240 | +€240 | |
| Profit (loss) for the period | 9904 | -€6,852 | €25,770 | +€32,622 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,852 | €25,770 | +€32,622 |
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 5 October 2026 via checked.be.