MAHA BXL.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.
MAHA BXL.CO
Largest movements
- Receivables within one year +€8,119
up €8,119 (+131%), from €6,210 to €14,329
- Cash -€7,180
down €7,180 (-45.5%), from €15,771 to €8,591
mainly Receivables within one year (-€8,119) and Trade debts (-€2,960)
- Tangible fixed assets -€540
down €540 (-33.3%), from €1,620 to €1,080
- Profit (loss) carried forward +€3,712
up €3,712 (+322%), from €1,153 to €4,866
- Trade debts -€2,960
down €2,960 (-20.6%), from €14,364 to €11,404
- Tax, wage and social debts -€354
down €354 (-7.0%), from €5,084 to €4,730
of which Remuneration and social security: -€648
- Staff costs -€10,038
down €10,038 (-47.0%), from €21,374 to €11,336
- Gross operating margin -€3,336
down €3,336 (-14.9%), from €22,451 to €19,115
- Financial charges +€2,362
up €2,362 (+851%), from €278 to €2,640
- Taxes +€835
up €835 (+1,610%), from €52 to €887
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 | €23,601 | €24,000 | +€399 | +1.7% |
| Fixed assets | 21/28 | €1,620 | €1,080 | -€540 | -33.3% |
| Tangible fixed assets | 22/27 | €1,620 | €1,080 | -€540 | -33.3% |
| Furniture and vehicles | 24 | €1,620 | €1,080 | -€540 | -33.3% |
| Current assets | 29/58 | €21,981 | €22,920 | +€939 | +4.3% |
| Amounts receivable within one year | 40/41 | €6,210 | €14,329 | +€8,119 | +131% |
| Other amounts receivable | 41 | €6,210 | €14,329 | +€8,119 | +131% |
| Cash at bank and in hand | 54/58 | €15,771 | €8,591 | -€7,180 | -45.5% |
| Total equity and liabilities | 10/49 | €23,601 | €24,000 | +€399 | +1.7% |
| Equity | 10/15 | €4,153 | €7,866 | +€3,712 | +89.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,153 | €4,866 | +€3,712 | +322% |
| Amounts payable | 17/49 | €19,447 | €16,134 | -€3,313 | -17.0% |
| Amounts payable within one year | 42/48 | €19,447 | €16,134 | -€3,313 | -17.0% |
| Trade debts | 44 | €14,364 | €11,404 | -€2,960 | -20.6% |
| Suppliers | 440/4 | €14,364 | €11,404 | -€2,960 | -20.6% |
| Taxes, remuneration and social security | 45 | €5,084 | €4,730 | -€354 | -7.0% |
| Taxes | 450/3 | €2,867 | €3,161 | +€295 | +10.3% |
| Remuneration and social security | 454/9 | €2,217 | €1,569 | -€648 | -29.2% |
| Remuneration, social security and pensions | 62 | €21,374 | €11,336 | -€10,038 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €540 | = | 0.0% |
| Gross operating margin | 9900 | €22,451 | €19,115 | -€3,336 | -14.9% |
| Operating profit (loss) | 9901 | €537 | €7,239 | +€6,702 | +1,248% |
| Financial charges | 65/66B | €278 | €2,640 | +€2,362 | +851% |
| Recurring financial charges | 65 | €278 | €2,640 | +€2,362 | +851% |
| Profit (loss) for the period before taxes | 9903 | €259 | €4,600 | +€4,340 | +1,673% |
| Income taxes | 67/77 | €52 | €887 | +€835 | +1,610% |
| Profit (loss) for the period | 9904 | €208 | €3,712 | +€3,505 | +1,689% |
| Profit (loss) for the period to be appropriated | 9905 | €208 | €3,712 | +€3,505 | +1,689% |
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 29 October 2026 via checked.be.