MAHDIJA: 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.
MAHDIJA
Largest movements
- Receivables within one year +€5,310
up €5,310 (+134%), from €3,977 to €9,286
- Cash +€3,326
up €3,326 (+110%), from €3,036 to €6,362
mainly Tax, wage and social debts (+€4,385) and Trade debts (+€1,369)
- Tangible fixed assets -€1,173
down €1,173 (-53.7%), from €2,183 to €1,010
of which Plant, machinery and equipment: -€1,173
- Stocks and contracts -€400
down €400 (-20.0%), from €2,000 to €1,600
- Tax, wage and social debts +€4,385
up €4,385 (+80.4%), from €5,458 to €9,843
of which Remuneration and social security: +€4,300
- Trade debts +€1,369
up €1,369 (+61.7%), from €2,218 to €3,587
- Profit (loss) carried forward +€1,308
up €1,308 (+3.4%), from -€38,309 to -€37,001
- Purchases and services +€9,071
up €9,071 (+18.4%), from €49,294 to €58,365
- Turnover +€7,879
up €7,879 (+14.0%), from €56,417 to €64,295
- Taxes +€2,637
new in 2025: €2,637
- Gross operating margin -€1,193
down €1,193 (-16.7%), from €7,123 to €5,930
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 | €12,276 | €19,338 | +€7,063 | +57.5% |
| Fixed assets | 21/28 | €3,263 | €2,090 | -€1,173 | -35.9% |
| Tangible fixed assets | 22/27 | €2,183 | €1,010 | -€1,173 | -53.7% |
| Plant, machinery and equipment | 23 | €1,173 | - | -€1,173 | |
| Furniture and vehicles | 24 | €1,010 | €1,010 | = | 0.0% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €9,013 | €17,249 | +€8,235 | +91.4% |
| Stocks and contracts in progress | 3 | €2,000 | €1,600 | -€400 | -20.0% |
| Stocks | 30/36 | €2,000 | €1,600 | -€400 | -20.0% |
| Amounts receivable within one year | 40/41 | €3,977 | €9,286 | +€5,310 | +134% |
| Trade receivables | 40 | €3,977 | €9,286 | +€5,310 | +134% |
| Cash at bank and in hand | 54/58 | €3,036 | €6,362 | +€3,326 | +110% |
| Total equity and liabilities | 10/49 | €12,276 | €19,338 | +€7,063 | +57.5% |
| Equity | 10/15 | -€19,514 | -€18,206 | +€1,308 | +6.7% |
| Contributions | 10/11 | €18,795 | €18,795 | = | 0.0% |
| Contributions outside capital | 11 | €18,795 | €18,795 | = | 0.0% |
| Other | 1109/19 | €18,795 | €18,795 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,309 | -€37,001 | +€1,308 | +3.4% |
| Amounts payable | 17/49 | €31,790 | €37,544 | +€5,754 | +18.1% |
| Amounts payable within one year | 42/48 | €31,790 | €37,544 | +€5,754 | +18.1% |
| Trade debts | 44 | €2,218 | €3,587 | +€1,369 | +61.7% |
| Suppliers | 440/4 | €2,218 | €3,587 | +€1,369 | +61.7% |
| Taxes, remuneration and social security | 45 | €5,458 | €9,843 | +€4,385 | +80.4% |
| Taxes | 450/3 | €5,458 | €5,543 | +€85 | +1.6% |
| Remuneration and social security | 454/9 | - | €4,300 | +€4,300 | |
| Other amounts payable | 47/48 | €24,114 | €24,114 | = | 0.0% |
| Turnover | 70 | €56,417 | €64,295 | +€7,879 | +14.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,294 | €58,365 | +€9,071 | +18.4% |
| Remuneration, social security and pensions | 62 | €58 | - | -€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,564 | €1,173 | -€391 | -25.0% |
| Other operating charges | 640/8 | €299 | €712 | +€413 | +138% |
| Gross operating margin | 9900 | €7,123 | €5,930 | -€1,193 | -16.7% |
| Operating profit (loss) | 9901 | €5,202 | €4,045 | -€1,157 | -22.2% |
| Financial charges | 65/66B | €175 | €100 | -€75 | -43.0% |
| Recurring financial charges | 65 | €175 | €100 | -€75 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €5,027 | €3,946 | -€1,082 | -21.5% |
| Income taxes | 67/77 | - | €2,637 | +€2,637 | |
| Profit (loss) for the period | 9904 | €5,027 | €1,308 | -€3,719 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,027 | €1,308 | -€3,719 | -74.0% |
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 18 October 2026 via checked.be.