Malou View: 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.
Malou View
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+11.6%), from €14.3m to €16.0m
- Cash +€608,113
up €608,113 (+8,586%), from €7,083 to €615,196
mainly Other debts (+€7.2m) and Advances received (+€528,074)
- Other debts +€7.2m
up €7.2m (+250%), from €2.9m to €10.1m
- Short-term financial debts -€5.4m
down €5.4m (-52.0%), from €10.4m to €5.0m
- Advances received +€528,074
new in 2025: €528,074
- Other operating charges -€154,931
down €154,931 (-88.0%), from €176,112 to €21,181
- Gross operating margin -€18,509
down €18,509 (-1,013%), from -€1,828 to -€20,336
- Financial charges +€6,610
up €6,610 (+68.6%), from €9,634 to €16,243
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 | €14,309,124 | €16,682,847 | +€2.4m | +16.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €14,309,124 | €16,682,847 | +€2.4m | +16.6% |
| Stocks and contracts in progress | 3 | €14,302,042 | €15,961,516 | +€1.7m | +11.6% |
| Stocks | 30/36 | €14,302,042 | €15,961,516 | +€1.7m | +11.6% |
| Amounts receivable within one year | 40/41 | - | €106,135 | +€106,135 | |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | - | €104,925 | +€104,925 | |
| Cash at bank and in hand | 54/58 | €7,083 | €615,196 | +€608,113 | +8,586% |
| Total equity and liabilities | 10/49 | €14,309,124 | €16,682,847 | +€2.4m | +16.6% |
| Equity | 10/15 | €1,012,283 | €954,523 | -€57,760 | -5.7% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €913,283 | €855,523 | -€57,760 | -6.3% |
| Amounts payable | 17/49 | €13,296,841 | €15,728,324 | +€2.4m | +18.3% |
| Amounts payable within one year | 42/48 | €13,237,966 | €15,719,072 | +€2.5m | +18.7% |
| Financial debts | 43 | €10,350,000 | €4,967,000 | -€5.4m | -52.0% |
| Credit institutions | 430/8 | €10,350,000 | €4,967,000 | -€5.4m | -52.0% |
| Trade debts | 44 | €394 | €103,845 | +€103,451 | +26,242% |
| Suppliers | 440/4 | €394 | €103,845 | +€103,451 | +26,242% |
| Advances received on contracts in progress | 46 | - | €528,074 | +€528,074 | |
| Other amounts payable | 47/48 | €2,887,572 | €10,120,153 | +€7.2m | +250% |
| Accrued charges and deferred income | 492/3 | €58,875 | €9,252 | -€49,623 | -84.3% |
| Other operating charges | 640/8 | €176,112 | €21,181 | -€154,931 | -88.0% |
| Gross operating margin | 9900 | -€1,828 | -€20,336 | -€18,509 | -1,013% |
| Operating profit (loss) | 9901 | -€177,940 | -€41,517 | +€136,423 | +76.7% |
| Financial charges | 65/66B | €9,634 | €16,243 | +€6,610 | +68.6% |
| Recurring financial charges | 65 | €9,634 | €16,243 | +€6,610 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | -€187,573 | -€57,760 | +€129,813 | +69.2% |
| Profit (loss) for the period | 9904 | -€187,573 | -€57,760 | +€129,813 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,573 | -€57,760 | +€129,813 | +69.2% |
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.