MAHARLIKA SERVICES: 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.
MAHARLIKA SERVICES
Largest movements
- Receivables within one year +€73,850
up €73,850 (+118%), from €62,421 to €136,271
of which Trade receivables: +€70,449
- Cash -€24,470
down €24,470 (-53.7%), from €45,609 to €21,139
mainly Receivables within one year (-€73,850) and Tax, wage and social debts (-€18,923)
- Tangible fixed assets +€3,713
up €3,713 (+1.8%), from €207,861 to €211,575
of which Land and buildings: +€7,757
- Profit (loss) carried forward +€45,710
up €45,710 (+58.3%), from €78,359 to €124,070
- Other debts +€21,681
up €21,681 (+222%), from €9,767 to €31,448
- Tax, wage and social debts -€18,923
down €18,923 (-21.5%), from €87,863 to €68,940
of which Taxes: -€17,972
- Current portion of long-term debt +€11,394
up €11,394 (+170%), from €6,715 to €18,109
- Debts after one year -€6,984
down €6,984 (-6.7%), from €104,489 to €97,505
- Staff costs -€42,763
down €42,763 (-11.2%), from €381,298 to €338,535
- Gross operating margin -€11,167
down €11,167 (-2.6%), from €422,178 to €411,011
- Taxes +€5,322
up €5,322, from €0 to €5,322
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 | €315,891 | €368,985 | +€53,093 | +16.8% |
| Fixed assets | 21/28 | €207,861 | €211,575 | +€3,713 | +1.8% |
| Tangible fixed assets | 22/27 | €207,861 | €211,575 | +€3,713 | +1.8% |
| Land and buildings | 22 | €199,073 | €206,829 | +€7,757 | +3.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,789 | €4,745 | -€4,044 | -46.0% |
| Current assets | 29/58 | €108,030 | €157,410 | +€49,380 | +45.7% |
| Amounts receivable within one year | 40/41 | €62,421 | €136,271 | +€73,850 | +118% |
| Trade receivables | 40 | €16,444 | €86,893 | +€70,449 | +428% |
| Other amounts receivable | 41 | €45,977 | €49,378 | +€3,401 | +7.4% |
| Cash at bank and in hand | 54/58 | €45,609 | €21,139 | -€24,470 | -53.7% |
| Total equity and liabilities | 10/49 | €315,891 | €368,985 | +€53,093 | +16.8% |
| Equity | 10/15 | €83,771 | €129,482 | +€45,710 | +54.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €412 | €412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €412 | €412 | = | 0.0% |
| Legal reserve | 130 | €412 | €412 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,359 | €124,070 | +€45,710 | +58.3% |
| Amounts payable | 17/49 | €232,120 | €239,503 | +€7,383 | +3.2% |
| Amounts payable after more than one year | 17 | €104,489 | €97,505 | -€6,984 | -6.7% |
| Financial debts | 170/4 | €104,489 | €97,505 | -€6,984 | -6.7% |
| Amounts payable within one year | 42/48 | €127,631 | €141,998 | +€14,367 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €6,715 | €18,109 | +€11,394 | +170% |
| Trade debts | 44 | €23,286 | €23,501 | +€215 | +0.9% |
| Suppliers | 440/4 | €23,286 | €23,501 | +€215 | +0.9% |
| Taxes, remuneration and social security | 45 | €87,863 | €68,940 | -€18,923 | -21.5% |
| Taxes | 450/3 | €58,795 | €40,823 | -€17,972 | -30.6% |
| Remuneration and social security | 454/9 | €29,068 | €28,117 | -€951 | -3.3% |
| Other amounts payable | 47/48 | €9,767 | €31,448 | +€21,681 | +222% |
| Remuneration, social security and pensions | 62 | €381,298 | €338,535 | -€42,763 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,467 | €14,636 | -€831 | -5.4% |
| Other operating charges | 640/8 | €1,557 | €1,092 | -€465 | -29.8% |
| Gross operating margin | 9900 | €422,178 | €411,011 | -€11,167 | -2.6% |
| Operating profit (loss) | 9901 | €23,855 | €56,747 | +€32,892 | +138% |
| Financial charges | 65/66B | €3,610 | €5,715 | +€2,105 | +58.3% |
| Recurring financial charges | 65 | €3,610 | €5,715 | +€2,105 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €20,245 | €51,032 | +€30,787 | +152% |
| Income taxes | 67/77 | €0 | €5,322 | +€5,322 | |
| Profit (loss) for the period | 9904 | €20,245 | €45,710 | +€25,465 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €20,245 | €45,710 | +€25,465 | +126% |
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 31 October 2026 via checked.be.