MALWIYA: 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.
MALWIYA
Largest movements
- Stocks and contracts +€13,000
up €13,000 (+48.5%), from €26,784 to €39,784
- Cash -€7,077
down €7,077 (-59.1%), from €11,981 to €4,904
mainly Stocks and contracts (-€13,000) and Tax, wage and social debts (-€3,859)
- Other debts +€8,743
up €8,743 (+51.1%), from €17,110 to €25,854
- Tax, wage and social debts -€3,859
down €3,859 (-64.6%), from €5,976 to €2,118
of which Remuneration and social security: -€3,515
- Trade debts +€1,245
up €1,245 (+36.7%), from €3,389 to €4,634
- Taxes +€3,176
up €3,176 (+576%), from €551 to €3,727
- Gross operating margin +€1,111
up €1,111 (+37.5%), from €2,960 to €4,072
- Other operating charges +€270
up €270 (+180%), from €150 to €420
- Financial charges +€79
up €79 (+145%), from €54 to €133
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 | €38,765 | €44,688 | +€5,923 | +15.3% |
| Current assets | 29/58 | €38,765 | €44,688 | +€5,923 | +15.3% |
| Stocks and contracts in progress | 3 | €26,784 | €39,784 | +€13,000 | +48.5% |
| Stocks | 30/36 | €26,784 | €39,784 | +€13,000 | +48.5% |
| Cash at bank and in hand | 54/58 | €11,981 | €4,904 | -€7,077 | -59.1% |
| Total equity and liabilities | 10/49 | €38,765 | €44,688 | +€5,923 | +15.3% |
| Equity | 10/15 | €12,289 | €12,083 | -€206 | -1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,089 | €5,883 | -€206 | -3.4% |
| Amounts payable | 17/49 | €26,476 | €32,606 | +€6,130 | +23.2% |
| Amounts payable within one year | 42/48 | €26,476 | €32,606 | +€6,130 | +23.2% |
| Trade debts | 44 | €3,389 | €4,634 | +€1,245 | +36.7% |
| Suppliers | 440/4 | €3,389 | €4,634 | +€1,245 | +36.7% |
| Taxes, remuneration and social security | 45 | €5,976 | €2,118 | -€3,859 | -64.6% |
| Taxes | 450/3 | €2,461 | €2,118 | -€344 | -14.0% |
| Remuneration and social security | 454/9 | €3,515 | - | -€3,515 | |
| Other amounts payable | 47/48 | €17,110 | €25,854 | +€8,743 | +51.1% |
| Other operating charges | 640/8 | €150 | €420 | +€270 | +180% |
| Gross operating margin | 9900 | €2,960 | €4,072 | +€1,111 | +37.5% |
| Operating profit (loss) | 9901 | €2,810 | €3,652 | +€841 | +29.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €54 | €133 | +€79 | +145% |
| Recurring financial charges | 65 | €54 | €133 | +€79 | +145% |
| Profit (loss) for the period before taxes | 9903 | €2,756 | €3,520 | +€764 | +27.7% |
| Income taxes | 67/77 | €551 | €3,727 | +€3,176 | +576% |
| Profit (loss) for the period | 9904 | €2,205 | -€206 | -€2,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,205 | -€206 | -€2,411 |
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 21 October 2026 via checked.be.