MAHBUB: what changed
Two fiscal 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.
MAHBUB
Largest movements
- Receivables within one year +€46,348
up €46,348 (+86.3%), from €53,690 to €100,038
of which Other amounts receivable: +€45,681
- Cash +€1,618
up €1,618 (+33.3%), from €4,856 to €6,474
mainly Net result for the year (+€63,869) and Other debts (+€7,000)
- Profit (loss) carried forward +€33,869
up €33,869 (+195.2%), from €17,348 to €51,217
- Other debts +€7,000
up €7,000 (+35.0%), from €20,000 to €27,000
- Trade debts +€5,739
up €5,739 (+4923.9%), from €117 to €5,855
- Tax, wage and social debts +€2,156
up €2,156 (+12.1%), from €17,874 to €20,030
- Turnover +€32,520
up €32,520 (+32.0%), from €101,782 to €134,302
- Gross operating margin +€32,505
up €32,505 (+71.2%), from €45,659 to €78,164
- Taxes +€7,692
up €7,692 (+105.1%), from €7,319 to €15,011
- Financial income +€2,848
up €2,848 (+236.0%), from €1,207 to €4,055
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,433 | €109,350 | +€47,918 | +78.0% |
| Formation expenses | 20 | €1,465 | €1,120 | -€345 | -23.6% |
| Fixed assets | 21/28 | €1,190 | €1,521 | +€331 | +27.8% |
| Tangible fixed assets | 22/27 | €1,190 | €1,521 | +€331 | +27.8% |
| Furniture and vehicles | 24 | €1,190 | €1,521 | +€331 | +27.8% |
| Current assets | 29/58 | €58,777 | €106,709 | +€47,931 | +81.5% |
| Amounts receivable within one year | 40/41 | €53,690 | €100,038 | +€46,348 | +86.3% |
| Trade receivables | 40 | €8,076 | €8,743 | +€667 | +8.3% |
| Other amounts receivable | 41 | €45,614 | €91,295 | +€45,681 | +100.1% |
| Cash at bank and in hand | 54/58 | €4,856 | €6,474 | +€1,618 | +33.3% |
| Deferred charges and accrued income | 490/1 | €231 | €197 | -€35 | -14.9% |
| Total equity and liabilities | 10/49 | €61,433 | €109,350 | +€47,918 | +78.0% |
| Equity | 10/15 | €22,348 | €56,217 | +€33,869 | +151.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,348 | €51,217 | +€33,869 | +195.2% |
| Amounts payable | 17/49 | €39,084 | €53,133 | +€14,049 | +35.9% |
| Amounts payable within one year | 42/48 | €37,991 | €52,885 | +€14,895 | +39.2% |
| Trade debts | 44 | €117 | €5,855 | +€5,739 | +4923.9% |
| Suppliers | 440/4 | €117 | €5,855 | +€5,739 | +4923.9% |
| Taxes, remuneration and social security | 45 | €17,874 | €20,030 | +€2,156 | +12.1% |
| Taxes | 450/3 | €17,874 | €20,030 | +€2,156 | +12.1% |
| Other amounts payable | 47/48 | €20,000 | €27,000 | +€7,000 | +35.0% |
| Accrued charges and deferred income | 492/3 | €1,094 | €248 | -€846 | -77.3% |
| Turnover | 70 | €101,782 | €134,302 | +€32,520 | +32.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €56,123 | €56,138 | +€15 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €993 | +€471 | +90.1% |
| Other operating charges | 640/8 | €1,584 | €1,866 | +€282 | +17.8% |
| Gross operating margin | 9900 | €45,659 | €78,164 | +€32,505 | +71.2% |
| Operating profit (loss) | 9901 | €43,553 | €75,305 | +€31,753 | +72.9% |
| Financial income | 75/76B | €1,207 | €4,055 | +€2,848 | +236.0% |
| Recurring financial income | 75 | €1,207 | €4,055 | +€2,848 | +236.0% |
| Financial charges | 65/66B | €92 | €480 | +€388 | +422.7% |
| Recurring financial charges | 65 | €92 | €480 | +€388 | +422.7% |
| Profit (loss) for the period before taxes | 9903 | €44,668 | €78,880 | +€34,212 | +76.6% |
| Income taxes | 67/77 | €7,319 | €15,011 | +€7,692 | +105.1% |
| Profit (loss) for the period | 9904 | €37,348 | €63,869 | +€26,520 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,348 | €63,869 | +€26,520 | +71.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.