Malamat: what changed
Malamat
Largest movements
- Receivables within one year +€130,824
up €130,824 (+888%), from €14,736 to €145,559
of which Other amounts receivable: +€145,559
- Financial fixed assets +€15,000
new in 2025: €15,000
- Current investments +€7,614
up €7,614 (+39.0%), from €19,507 to €27,120
- Cash +€4,074
up €4,074 (+401%), from €1,015 to €5,089
mainly Debts after one year (+€103,152) and Other debts (+€17,205)
- Tangible fixed assets -€2,311
down €2,311 (-60.7%), from €3,805 to €1,494
- Debts after one year +€103,152
new in 2025: €103,152
- Other debts +€17,205
up €17,205 (+272%), from €6,334 to €23,539
- Profit (loss) carried forward +€16,942
up €16,942 (+2,977%), from €569 to €17,512
- Current portion of long-term debt +€12,889
up €12,889 (+225%), from €5,736 to €18,625
- Trade debts +€11,296
up €11,296 (+52.4%), from €21,542 to €32,839
of which Bills of exchange payable: +€28,787
- Depreciation -€10,900
down €10,900 (-77.7%), from €14,028 to €3,128
- Financial charges +€7,353
up €7,353, from -€1,993 to €5,359
- Gross operating margin -€5,809
down €5,809 (-15.9%), from €36,621 to €30,812
- Taxes -€849
down €849 (-16.3%), from €5,200 to €4,351
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,065 | €214,265 | +€155,201 | +263% |
| Fixed assets | 21/28 | €3,805 | €16,494 | +€12,689 | +333% |
| Tangible fixed assets | 22/27 | €3,805 | €1,494 | -€2,311 | -60.7% |
| Furniture and vehicles | 24 | €3,805 | €1,494 | -€2,311 | -60.7% |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €55,260 | €197,772 | +€142,512 | +258% |
| Amounts receivable after more than one year | 29 | €20,003 | €20,003 | = | 0.0% |
| Other amounts receivable | 291 | €20,003 | €20,003 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,736 | €145,559 | +€130,824 | +888% |
| Trade receivables | 40 | €14,736 | - | -€14,736 | |
| Other amounts receivable | 41 | - | €145,559 | +€145,559 | |
| Current investments | 50/53 | €19,507 | €27,120 | +€7,614 | +39.0% |
| Cash at bank and in hand | 54/58 | €1,015 | €5,089 | +€4,074 | +401% |
| Total equity and liabilities | 10/49 | €59,065 | €214,265 | +€155,201 | +263% |
| Equity | 10/15 | €19,169 | €36,112 | +€16,942 | +88.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €569 | €17,512 | +€16,942 | +2,977% |
| Amounts payable | 17/49 | €39,896 | €178,154 | +€138,258 | +347% |
| Amounts payable after more than one year | 17 | - | €103,152 | +€103,152 | |
| Financial debts | 170/4 | - | €103,152 | +€103,152 | |
| Amounts payable within one year | 42/48 | €39,896 | €75,002 | +€35,106 | +88.0% |
| Current portion of amounts payable after more than one year | 42 | €5,736 | €18,625 | +€12,889 | +225% |
| Trade debts | 44 | €21,542 | €32,839 | +€11,296 | +52.4% |
| Suppliers | 440/4 | €21,542 | €4,052 | -€17,490 | -81.2% |
| Bills of exchange payable | 441 | - | €28,787 | +€28,787 | |
| Taxes, remuneration and social security | 45 | €6,283 | - | -€6,283 | |
| Taxes | 450/3 | €6,283 | - | -€6,283 | |
| Other amounts payable | 47/48 | €6,334 | €23,539 | +€17,205 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,028 | €3,128 | -€10,900 | -77.7% |
| Other operating charges | 640/8 | €872 | €1,166 | +€294 | +33.7% |
| Gross operating margin | 9900 | €36,621 | €30,812 | -€5,809 | -15.9% |
| Operating profit (loss) | 9901 | €21,721 | €26,518 | +€4,797 | +22.1% |
| Financial income | 75/76B | €258 | €134 | -€124 | -48.0% |
| Recurring financial income | 75 | €258 | €134 | -€124 | -48.0% |
| Financial charges | 65/66B | -€1,993 | €5,359 | +€7,353 | |
| Recurring financial charges | 65 | -€1,993 | €5,359 | +€7,353 | |
| Profit (loss) for the period before taxes | 9903 | €23,973 | €21,293 | -€2,679 | -11.2% |
| Income taxes | 67/77 | €5,200 | €4,351 | -€849 | -16.3% |
| Profit (loss) for the period | 9904 | €18,773 | €16,942 | -€1,831 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,773 | €16,942 | -€1,831 | -9.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.