Mahaan: 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.
Mahaan
Largest movements
- Cash -€4,480
down €4,480 (-28.4%), from €15,753 to €11,272
mainly Tax, wage and social debts (-€2,349) and Trade debts (-€2,345)
- Tax, wage and social debts -€2,349
down €2,349 (-87.5%), from €2,683 to €335
- Trade debts -€2,345
down €2,345 (-42.4%), from €5,528 to €3,183
- Reserves +€471
up €471 (+1.3%), from €35,298 to €35,769
- Staff costs +€9,622
new in 2025: €9,622
- Taxes -€2,349
down €2,349 (-87.5%), from €2,683 to €335
- Other operating charges +€1,477
up €1,477 (+91.7%), from €1,611 to €3,089
- Financial charges +€840
up €840 (+90.3%), from €930 to €1,770
- Gross operating margin +€515
up €515 (+3.5%), from €14,771 to €15,287
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.
Cash bridge derived
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 | €45,924 | €41,745 | -€4,180 | -9.1% |
| Fixed assets | 21/28 | €1,579 | €1,500 | -€79 | -5.0% |
| Financial fixed assets | 28 | €1,579 | €1,500 | -€79 | -5.0% |
| Current assets | 29/58 | €44,345 | €40,245 | -€4,101 | -9.2% |
| Stocks and contracts in progress | 3 | €26,606 | €26,870 | +€263 | +1.0% |
| Stocks | 30/36 | €26,606 | €26,870 | +€263 | +1.0% |
| Amounts receivable within one year | 40/41 | €1,986 | €2,103 | +€116 | +5.8% |
| Other amounts receivable | 41 | €1,986 | €2,103 | +€116 | +5.8% |
| Cash at bank and in hand | 54/58 | €15,753 | €11,272 | -€4,480 | -28.4% |
| Total equity and liabilities | 10/49 | €45,924 | €41,745 | -€4,180 | -9.1% |
| Equity | 10/15 | €37,298 | €37,769 | +€471 | +1.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,298 | €35,769 | +€471 | +1.3% |
| Distributable reserves | 133 | €35,298 | €35,769 | +€471 | +1.3% |
| Amounts payable | 17/49 | €8,626 | €3,975 | -€4,651 | -53.9% |
| Amounts payable within one year | 42/48 | €8,626 | €3,518 | -€5,108 | -59.2% |
| Trade debts | 44 | €5,528 | €3,183 | -€2,345 | -42.4% |
| Suppliers | 440/4 | €5,528 | €3,183 | -€2,345 | -42.4% |
| Taxes, remuneration and social security | 45 | €2,683 | €335 | -€2,349 | -87.5% |
| Taxes | 450/3 | €2,683 | €335 | -€2,349 | -87.5% |
| Other amounts payable | 47/48 | €415 | €0 | -€415 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €457 | +€457 | |
| Remuneration, social security and pensions | 62 | - | €9,622 | +€9,622 | |
| Other operating charges | 640/8 | €1,611 | €3,089 | +€1,477 | +91.7% |
| Gross operating margin | 9900 | €14,771 | €15,287 | +€515 | +3.5% |
| Operating profit (loss) | 9901 | €13,160 | €2,576 | -€10,584 | -80.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €930 | €1,770 | +€840 | +90.3% |
| Recurring financial charges | 65 | €930 | €1,770 | +€840 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €12,230 | €806 | -€11,424 | -93.4% |
| Income taxes | 67/77 | €2,683 | €335 | -€2,349 | -87.5% |
| Profit (loss) for the period | 9904 | €9,546 | €471 | -€9,075 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,546 | €471 | -€9,075 | -95.1% |
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 11 October 2026 via checked.be.