ENGINEERING en IMPORT MAHIEU: 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.
ENGINEERING en IMPORT MAHIEU
Largest movements
- Cash +€459,733
up €459,733 (+1,129%), from €40,703 to €500,435
mainly Investment in fixed assets (net) (+€267,097) and Current investments (+€250,000)
- Financial fixed assets -€387,000
no longer reported in 2025 (was €387,000)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year +€72,329
up €72,329 (+24.2%), from €299,446 to €371,775
of which Other amounts receivable: +€39,917
- Tangible fixed assets +€62,963
up €62,963 (+46.0%), from €136,757 to €199,720
of which Plant, machinery and equipment: +€63,400
- Other debts -€27,315
down €27,315 (-5.0%), from €549,666 to €522,351
- Reserves -€21,821
down €21,821 (-3.3%), from €658,310 to €636,489
- Tax, wage and social debts +€20,570
up €20,570 (+38.2%), from €53,909 to €74,480
of which Taxes: +€13,944
- Gross operating margin +€52,546
up €52,546 (+16.6%), from €315,615 to €368,160
- Staff costs +€48,842
up €48,842 (+30.3%), from €161,252 to €210,094
- Depreciation +€44,929
up €44,929 (+374%), from €12,011 to €56,940
- Financial charges +€33,319
up €33,319 (+5,696%), from €585 to €33,904
- Taxes -€21,066
down €21,066 (-48.9%), from €43,052 to €21,986
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 | €1,270,535 | €1,243,320 | -€27,216 | -2.1% |
| Fixed assets | 21/28 | €523,757 | €199,720 | -€324,037 | -61.9% |
| Tangible fixed assets | 22/27 | €136,757 | €199,720 | +€62,963 | +46.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €135,010 | €198,410 | +€63,400 | +47.0% |
| Furniture and vehicles | 24 | €1,747 | €1,310 | -€437 | -25.0% |
| Financial fixed assets | 28 | €387,000 | - | -€387,000 | |
| Current assets | 29/58 | €746,779 | €1,043,600 | +€296,821 | +39.7% |
| Stocks and contracts in progress | 3 | €155,000 | €169,475 | +€14,475 | +9.3% |
| Stocks | 30/36 | €155,000 | €169,475 | +€14,475 | +9.3% |
| Amounts receivable within one year | 40/41 | €299,446 | €371,775 | +€72,329 | +24.2% |
| Trade receivables | 40 | €286,129 | €318,541 | +€32,412 | +11.3% |
| Other amounts receivable | 41 | €13,317 | €53,234 | +€39,917 | +300% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €40,703 | €500,435 | +€459,733 | +1,129% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,914 | +€284 | +17.4% |
| Total equity and liabilities | 10/49 | €1,270,535 | €1,243,320 | -€27,216 | -2.1% |
| Equity | 10/15 | €664,510 | €642,689 | -€21,821 | -3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €658,310 | €636,489 | -€21,821 | -3.3% |
| Distributable reserves | 133 | €658,310 | €636,489 | -€21,821 | -3.3% |
| Amounts payable | 17/49 | €606,026 | €600,631 | -€5,395 | -0.9% |
| Amounts payable within one year | 42/48 | €606,026 | €600,631 | -€5,395 | -0.9% |
| Trade debts | 44 | €2,450 | €3,801 | +€1,351 | +55.1% |
| Suppliers | 440/4 | €2,450 | €3,801 | +€1,351 | +55.1% |
| Taxes, remuneration and social security | 45 | €53,909 | €74,480 | +€20,570 | +38.2% |
| Taxes | 450/3 | €30,559 | €44,503 | +€13,944 | +45.6% |
| Remuneration and social security | 454/9 | €23,350 | €29,976 | +€6,626 | +28.4% |
| Other amounts payable | 47/48 | €549,666 | €522,351 | -€27,315 | -5.0% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Remuneration, social security and pensions | 62 | €161,252 | €210,094 | +€48,842 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,011 | €56,940 | +€44,929 | +374% |
| Other operating charges | 640/8 | €2,056 | €3,826 | +€1,770 | +86.1% |
| Gross operating margin | 9900 | €315,615 | €368,160 | +€52,546 | +16.6% |
| Operating profit (loss) | 9901 | €140,296 | €97,300 | -€42,995 | -30.6% |
| Financial income | 75/76B | €249 | €20,055 | +€19,806 | +7,955% |
| Recurring financial income | 75 | €249 | €20,055 | +€19,806 | +7,955% |
| Financial charges | 65/66B | €585 | €33,904 | +€33,319 | +5,696% |
| Recurring financial charges | 65 | €585 | €33,904 | +€33,319 | +5,696% |
| Profit (loss) for the period before taxes | 9903 | €139,960 | €83,451 | -€56,508 | -40.4% |
| Income taxes | 67/77 | €43,052 | €21,986 | -€21,066 | -48.9% |
| Profit (loss) for the period | 9904 | €96,907 | €61,465 | -€35,442 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,907 | €61,465 | -€35,442 | -36.6% |
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 27 October 2026 via checked.be.