MLTA: 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.
MLTA
Largest movements
- Cash -€39,468
down €39,468 (-74.3%), from €53,116 to €13,648
mainly Other debts (-€43,269) and Debts after one year (-€5,002)
- Tangible fixed assets -€5,638
down €5,638 (-7.8%), from €71,901 to €66,264
of which Land and buildings: -€3,137
- Receivables within one year -€1,906
down €1,906 (-4.4%), from €43,794 to €41,888
of which Other amounts receivable: -€4,483
- Other debts -€43,269
down €43,269 (-58.1%), from €74,475 to €31,206
- Profit (loss) carried forward +€8,122
up €8,122 (+17.5%), from €46,278 to €54,399
- Debts after one year -€5,002
down €5,002 (-17.9%), from €27,901 to €22,898
- Tax, wage and social debts -€4,069
down €4,069 (-48.8%), from €8,335 to €4,266
of which Taxes: -€2,196
- Current portion of long-term debt -€3,120
down €3,120 (-38.4%), from €8,122 to €5,002
- Gross operating margin -€60,228
down €60,228 (-74.0%), from €81,366 to €21,138
- Taxes -€7,658
down €7,658 (-71.7%), from €10,684 to €3,026
- Depreciation -€1,391
down €1,391 (-16.6%), from €8,375 to €6,983
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 | €171,483 | €124,331 | -€47,151 | -27.5% |
| Fixed assets | 21/28 | €73,591 | €67,764 | -€5,827 | -7.9% |
| Intangible fixed assets | 21 | €190 | €0 | -€190 | -100.0% |
| Tangible fixed assets | 22/27 | €71,901 | €66,264 | -€5,638 | -7.8% |
| Land and buildings | 22 | €51,259 | €48,123 | -€3,137 | -6.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,786 | €3,700 | -€1,086 | -22.7% |
| Other tangible fixed assets | 26 | €15,856 | €14,442 | -€1,415 | -8.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €97,891 | €56,568 | -€41,324 | -42.2% |
| Amounts receivable within one year | 40/41 | €43,794 | €41,888 | -€1,906 | -4.4% |
| Trade receivables | 40 | €3,473 | €6,050 | +€2,577 | +74.2% |
| Other amounts receivable | 41 | €40,320 | €35,838 | -€4,483 | -11.1% |
| Cash at bank and in hand | 54/58 | €53,116 | €13,648 | -€39,468 | -74.3% |
| Deferred charges and accrued income | 490/1 | €982 | €1,031 | +€50 | +5.1% |
| Total equity and liabilities | 10/49 | €171,483 | €124,331 | -€47,151 | -27.5% |
| Equity | 10/15 | €49,278 | €57,399 | +€8,122 | +16.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,278 | €54,399 | +€8,122 | +17.5% |
| Amounts payable | 17/49 | €122,205 | €66,932 | -€55,273 | -45.2% |
| Amounts payable after more than one year | 17 | €27,901 | €22,898 | -€5,002 | -17.9% |
| Financial debts | 170/4 | €27,901 | €22,898 | -€5,002 | -17.9% |
| Amounts payable within one year | 42/48 | €94,304 | €44,034 | -€50,270 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €8,122 | €5,002 | -€3,120 | -38.4% |
| Trade debts | 44 | €3,372 | €3,561 | +€188 | +5.6% |
| Suppliers | 440/4 | €3,372 | €3,561 | +€188 | +5.6% |
| Taxes, remuneration and social security | 45 | €8,335 | €4,266 | -€4,069 | -48.8% |
| Taxes | 450/3 | €5,024 | €2,829 | -€2,196 | -43.7% |
| Remuneration and social security | 454/9 | €3,311 | €1,437 | -€1,874 | -56.6% |
| Other amounts payable | 47/48 | €74,475 | €31,206 | -€43,269 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,375 | €6,983 | -€1,391 | -16.6% |
| Other operating charges | 640/8 | €1,097 | €958 | -€139 | -12.7% |
| Gross operating margin | 9900 | €81,366 | €21,138 | -€60,228 | -74.0% |
| Operating profit (loss) | 9901 | €71,894 | €13,196 | -€58,698 | -81.6% |
| Financial income | 75/76B | €52 | €10 | -€43 | -81.8% |
| Recurring financial income | 75 | €52 | €10 | -€43 | -81.8% |
| Financial charges | 65/66B | €2,206 | €2,058 | -€148 | -6.7% |
| Recurring financial charges | 65 | €2,206 | €2,058 | -€148 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €69,741 | €11,148 | -€58,593 | -84.0% |
| Income taxes | 67/77 | €10,684 | €3,026 | -€7,658 | -71.7% |
| Profit (loss) for the period | 9904 | €59,057 | €8,122 | -€50,935 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,057 | €8,122 | -€50,935 | -86.2% |
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 4 October 2026 via checked.be.