MALAIN: 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.
MALAIN
Largest movements
- Cash -€15,774
down €15,774 (-30.4%), from €51,829 to €36,056
mainly Net result for the year (-€16,299) and Deferred charges and accrued income (-€7,160)
- Deferred charges and accrued income +€7,160
up €7,160 (+495%), from €1,447 to €8,607
- Stocks and contracts -€6,004
down €6,004 (-39.3%), from €15,292 to €9,288
- Tangible fixed assets +€1,884
up €1,884 (+28.2%), from €6,675 to €8,559
of which Furniture and vehicles: +€2,293
- Profit (loss) carried forward -€16,299
down €16,299, from €10,303 to -€5,997
- Tax, wage and social debts +€5,814
up €5,814 (+18.7%), from €31,016 to €36,830
of which Remuneration and social security: +€2,957
- Trade debts -€3,970
down €3,970 (-24.8%), from €16,004 to €12,034
- Other debts +€2,238
up €2,238 (+377%), from €594 to €2,833
- Staff costs +€19,289
up €19,289 (+16.4%), from €117,574 to €136,863
- Gross operating margin -€7,841
down €7,841 (-5.8%), from €134,590 to €126,749
- Taxes -€3,024
down €3,024 (-94.4%), from €3,203 to €178
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 | €82,186 | €69,994 | -€12,192 | -14.8% |
| Fixed assets | 21/28 | €11,285 | €13,169 | +€1,884 | +16.7% |
| Tangible fixed assets | 22/27 | €6,675 | €8,559 | +€1,884 | +28.2% |
| Plant, machinery and equipment | 23 | €6,675 | €6,266 | -€409 | -6.1% |
| Furniture and vehicles | 24 | - | €2,293 | +€2,293 | |
| Financial fixed assets | 28 | €4,610 | €4,610 | = | 0.0% |
| Current assets | 29/58 | €70,901 | €56,825 | -€14,077 | -19.9% |
| Stocks and contracts in progress | 3 | €15,292 | €9,288 | -€6,004 | -39.3% |
| Stocks | 30/36 | €15,292 | €9,288 | -€6,004 | -39.3% |
| Amounts receivable within one year | 40/41 | €2,333 | €2,874 | +€541 | +23.2% |
| Trade receivables | 40 | - | €2,874 | +€2,874 | |
| Other amounts receivable | 41 | €2,333 | - | -€2,333 | |
| Cash at bank and in hand | 54/58 | €51,829 | €36,056 | -€15,774 | -30.4% |
| Deferred charges and accrued income | 490/1 | €1,447 | €8,607 | +€7,160 | +495% |
| Total equity and liabilities | 10/49 | €82,186 | €69,994 | -€12,192 | -14.8% |
| Equity | 10/15 | €34,572 | €18,273 | -€16,299 | -47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,670 | €5,670 | = | 0.0% |
| Non-distributable reserves | 130/1 | €170 | €170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €170 | €170 | = | 0.0% |
| Distributable reserves | 133 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,303 | -€5,997 | -€16,299 | |
| Amounts payable | 17/49 | €47,614 | €51,721 | +€4,107 | +8.6% |
| Amounts payable within one year | 42/48 | €47,614 | €51,696 | +€4,082 | +8.6% |
| Trade debts | 44 | €16,004 | €12,034 | -€3,970 | -24.8% |
| Suppliers | 440/4 | €16,004 | €12,034 | -€3,970 | -24.8% |
| Taxes, remuneration and social security | 45 | €31,016 | €36,830 | +€5,814 | +18.7% |
| Taxes | 450/3 | €10,301 | €13,159 | +€2,858 | +27.7% |
| Remuneration and social security | 454/9 | €20,715 | €23,671 | +€2,957 | +14.3% |
| Other amounts payable | 47/48 | €594 | €2,833 | +€2,238 | +377% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €117,574 | €136,863 | +€19,289 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,952 | €2,693 | +€741 | +38.0% |
| Other operating charges | 640/8 | €850 | €857 | +€7 | +0.8% |
| Gross operating margin | 9900 | €134,590 | €126,749 | -€7,841 | -5.8% |
| Operating profit (loss) | 9901 | €14,213 | -€13,664 | -€27,878 | |
| Financial income | 75/76B | €38 | €35 | -€3 | -7.9% |
| Recurring financial income | 75 | €38 | €35 | -€3 | -7.9% |
| Financial charges | 65/66B | €2,281 | €2,491 | +€210 | +9.2% |
| Recurring financial charges | 65 | €2,281 | €2,491 | +€210 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €11,970 | -€16,121 | -€28,091 | |
| Income taxes | 67/77 | €3,203 | €178 | -€3,024 | -94.4% |
| Profit (loss) for the period | 9904 | €8,767 | -€16,299 | -€25,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,767 | -€16,299 | -€25,066 |
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 30 October 2026 via checked.be.