MAH&CO: 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.
MAH&CO
Largest movements
- Tangible fixed assets -€9,353
down €9,353 (-36.2%), from €25,864 to €16,510
- Receivables within one year -€8,358
down €8,358 (-79.1%), from €10,572 to €2,214
of which Trade receivables: -€7,376
- Cash -€4,066
down €4,066 (-82.2%), from €4,949 to €883
mainly Net result for the year (-€23,359)
- Profit (loss) carried forward -€23,359
down €23,359, from €9,421 to -€13,938
- Trade debts +€1,481
new in 2025: €1,481
- Turnover -€16,278
down €16,278 (-71.1%), from €22,902 to €6,624
- Gross operating margin -€12,657
down €12,657, from €8,464 to -€4,193
- Purchases and services -€3,621
down €3,621 (-25.1%), from €14,437 to €10,817
- Other operating charges -€1,263
down €1,263 (-52.6%), from €2,403 to €1,140
- Taxes +€1,042
new in 2025: €1,042
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 | €41,385 | €19,607 | -€21,777 | -52.6% |
| Fixed assets | 21/28 | €25,864 | €16,510 | -€9,353 | -36.2% |
| Tangible fixed assets | 22/27 | €25,864 | €16,510 | -€9,353 | -36.2% |
| Furniture and vehicles | 24 | €25,864 | €16,510 | -€9,353 | -36.2% |
| Current assets | 29/58 | €15,521 | €3,097 | -€12,424 | -80.0% |
| Amounts receivable within one year | 40/41 | €10,572 | €2,214 | -€8,358 | -79.1% |
| Trade receivables | 40 | €7,376 | - | -€7,376 | |
| Other amounts receivable | 41 | €3,196 | €2,214 | -€982 | -30.7% |
| Cash at bank and in hand | 54/58 | €4,949 | €883 | -€4,066 | -82.2% |
| Total equity and liabilities | 10/49 | €41,385 | €19,607 | -€21,777 | -52.6% |
| Equity | 10/15 | €11,921 | -€11,438 | -€23,359 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,421 | -€13,938 | -€23,359 | |
| Amounts payable | 17/49 | €29,464 | €31,045 | +€1,581 | +5.4% |
| Amounts payable within one year | 42/48 | €29,464 | €31,045 | +€1,581 | +5.4% |
| Trade debts | 44 | - | €1,481 | +€1,481 | |
| Suppliers | 440/4 | - | €1,481 | +€1,481 | |
| Other amounts payable | 47/48 | €29,464 | €29,564 | +€100 | +0.3% |
| Turnover | 70 | €22,902 | €6,624 | -€16,278 | -71.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,437 | €10,817 | -€3,621 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,353 | €9,353 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,403 | €1,140 | -€1,263 | -52.6% |
| Non-recurring operating charges | 66A | - | €7,556 | +€7,556 | |
| Gross operating margin | 9900 | €8,464 | -€4,193 | -€12,657 | |
| Operating profit (loss) | 9901 | -€3,292 | -€22,242 | -€18,950 | -576% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,365 | -€22,317 | -€18,951 | -563% |
| Income taxes | 67/77 | - | €1,042 | +€1,042 | |
| Profit (loss) for the period | 9904 | -€3,365 | -€23,359 | -€19,993 | -594% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,365 | -€23,359 | -€19,993 | -594% |
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 16 October 2026 via checked.be.