MahaKali: 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.
MahaKali
Largest movements
- Cash +€61,248
up €61,248 (+348%), from €17,591 to €78,840
mainly Current investments (+€60,000) and Depreciation (+€5,207)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Tangible fixed assets -€4,804
down €4,804 (-29.5%), from €16,263 to €11,459
of which Land and buildings: -€4,175
- Receivables within one year +€1,176
up €1,176 (+96.1%), from €1,224 to €2,400
of which Trade receivables: +€963
- Profit (loss) carried forward -€4,627
new in 2025: -€4,627
- Other debts +€2,321
up €2,321 (+33.6%), from €6,900 to €9,221
- Tax, wage and social debts +€1,336
up €1,336 (+11.7%), from €11,371 to €12,707
- Trade debts -€1,255
down €1,255 (-32.4%), from €3,867 to €2,612
- Gross operating margin -€43,691
down €43,691 (-95.5%), from €45,763 to €2,072
- Taxes -€9,775
down €9,775 (-86.4%), from €11,316 to €1,540
- Staff costs -€6,578
no longer reported in 2025 (was €6,578)
- Financial income +€461
up €461 (+208%), from €221 to €682
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 | €96,690 | €94,465 | -€2,225 | -2.3% |
| Formation expenses | 20 | €485 | €82 | -€403 | -83.1% |
| Fixed assets | 21/28 | €16,468 | €11,664 | -€4,804 | -29.2% |
| Tangible fixed assets | 22/27 | €16,263 | €11,459 | -€4,804 | -29.5% |
| Land and buildings | 22 | €13,957 | €9,782 | -€4,175 | -29.9% |
| Plant, machinery and equipment | 23 | €2,306 | €1,677 | -€629 | -27.3% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €79,737 | €82,719 | +€2,983 | +3.7% |
| Amounts receivable within one year | 40/41 | €1,224 | €2,400 | +€1,176 | +96.1% |
| Trade receivables | 40 | €1,150 | €2,113 | +€963 | +83.7% |
| Other amounts receivable | 41 | €74 | €287 | +€213 | +289% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €17,591 | €78,840 | +€61,248 | +348% |
| Deferred charges and accrued income | 490/1 | €921 | €1,479 | +€558 | +60.6% |
| Total equity and liabilities | 10/49 | €96,690 | €94,465 | -€2,225 | -2.3% |
| Equity | 10/15 | €74,552 | €69,925 | -€4,627 | -6.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €72,552 | €72,552 | = | 0.0% |
| Distributable reserves | 133 | €72,552 | €72,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,627 | -€4,627 | |
| Amounts payable | 17/49 | €22,138 | €24,540 | +€2,402 | +10.9% |
| Amounts payable within one year | 42/48 | €22,138 | €24,540 | +€2,402 | +10.9% |
| Trade debts | 44 | €3,867 | €2,612 | -€1,255 | -32.4% |
| Suppliers | 440/4 | €3,867 | €2,612 | -€1,255 | -32.4% |
| Taxes, remuneration and social security | 45 | €11,371 | €12,707 | +€1,336 | +11.7% |
| Taxes | 450/3 | €11,371 | €12,707 | +€1,336 | +11.7% |
| Other amounts payable | 47/48 | €6,900 | €9,221 | +€2,321 | +33.6% |
| Remuneration, social security and pensions | 62 | €6,578 | - | -€6,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,207 | €5,207 | +€0 | 0.0% |
| Other operating charges | 640/8 | €392 | €440 | +€49 | +12.4% |
| Gross operating margin | 9900 | €45,763 | €2,072 | -€43,691 | -95.5% |
| Operating profit (loss) | 9901 | €33,586 | -€3,576 | -€37,162 | |
| Financial income | 75/76B | €221 | €682 | +€461 | +208% |
| Recurring financial income | 75 | €221 | €682 | +€461 | +208% |
| Financial charges | 65/66B | €220 | €192 | -€28 | -12.6% |
| Recurring financial charges | 65 | €220 | €192 | -€28 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €33,587 | -€3,086 | -€36,674 | |
| Income taxes | 67/77 | €11,316 | €1,540 | -€9,775 | -86.4% |
| Profit (loss) for the period | 9904 | €22,272 | -€4,627 | -€26,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,272 | -€4,627 | -€26,898 |
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 26 October 2026 via checked.be.