MAHALAKSHMI: 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.
MAHALAKSHMI
Largest movements
- Stocks and contracts +€52,641
new in 2025: €52,641
- Receivables within one year -€11,727
down €11,727 (-16.8%), from €70,002 to €58,275
of which Other amounts receivable: -€39,717
- Cash +€7,591
up €7,591 (+120%), from €6,300 to €13,891
mainly Other debts (+€51,854) and Trade debts (+€23,738)
- Tangible fixed assets +€6,462
new in 2025: €6,462
- Other debts +€51,854
up €51,854 (+207%), from €25,000 to €76,854
- Trade debts +€23,738
up €23,738 (+819%), from €2,898 to €26,637
- Tax, wage and social debts -€19,290
down €19,290 (-79.2%), from €24,347 to €5,057
of which Taxes: -€15,964
- Gross operating margin -€120,285
down €120,285 (-95.4%), from €126,126 to €5,841
- Staff costs -€65,481
down €65,481 (-94.8%), from €69,059 to €3,579
- Taxes -€6,237
no longer reported in 2025 (was €6,237)
- Financial charges +€1,801
up €1,801 (+130%), from €1,382 to €3,182
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 | €81,302 | €136,357 | +€55,055 | +67.7% |
| Fixed assets | 21/28 | €5,000 | €11,462 | +€6,462 | +129% |
| Tangible fixed assets | 22/27 | - | €6,462 | +€6,462 | |
| Land and buildings | 22 | - | €6,462 | +€6,462 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €76,302 | €124,895 | +€48,593 | +63.7% |
| Stocks and contracts in progress | 3 | - | €52,641 | +€52,641 | |
| Stocks | 30/36 | - | €52,641 | +€52,641 | |
| Amounts receivable within one year | 40/41 | €70,002 | €58,275 | -€11,727 | -16.8% |
| Trade receivables | 40 | €10,384 | €38,374 | +€27,990 | +270% |
| Other amounts receivable | 41 | €59,618 | €19,901 | -€39,717 | -66.6% |
| Cash at bank and in hand | 54/58 | €6,300 | €13,891 | +€7,591 | +120% |
| Deferred charges and accrued income | 490/1 | - | €88 | +€88 | |
| Total equity and liabilities | 10/49 | €81,302 | €136,357 | +€55,055 | +67.7% |
| Equity | 10/15 | €29,057 | €27,809 | -€1,248 | -4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,057 | €22,809 | -€1,248 | -5.2% |
| Amounts payable | 17/49 | €52,245 | €108,548 | +€56,303 | +108% |
| Amounts payable within one year | 42/48 | €52,245 | €108,548 | +€56,303 | +108% |
| Trade debts | 44 | €2,898 | €26,637 | +€23,738 | +819% |
| Suppliers | 440/4 | €2,898 | €26,637 | +€23,738 | +819% |
| Taxes, remuneration and social security | 45 | €24,347 | €5,057 | -€19,290 | -79.2% |
| Taxes | 450/3 | €20,664 | €4,699 | -€15,964 | -77.3% |
| Remuneration and social security | 454/9 | €3,683 | €358 | -€3,325 | -90.3% |
| Other amounts payable | 47/48 | €25,000 | €76,854 | +€51,854 | +207% |
| Remuneration, social security and pensions | 62 | €69,059 | €3,579 | -€65,481 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €223 | +€223 | |
| Other operating charges | 640/8 | €391 | €105 | -€286 | -73.0% |
| Gross operating margin | 9900 | €126,126 | €5,841 | -€120,285 | -95.4% |
| Operating profit (loss) | 9901 | €56,676 | €1,934 | -€54,742 | -96.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,382 | €3,182 | +€1,801 | +130% |
| Recurring financial charges | 65 | €1,382 | €3,182 | +€1,801 | +130% |
| Profit (loss) for the period before taxes | 9903 | €55,294 | -€1,248 | -€56,542 | |
| Income taxes | 67/77 | €6,237 | - | -€6,237 | |
| Profit (loss) for the period | 9904 | €49,057 | -€1,248 | -€50,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,057 | -€1,248 | -€50,305 |
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 25 October 2026 via checked.be.