MAHE CREATIVE SOLUTIONS: 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.
MAHE CREATIVE SOLUTIONS
Largest movements
- Current investments -€440,493
down €440,493 (-58.4%), from €753,624 to €313,132
- Stocks and contracts +€389,112
up €389,112 (+5,620%), from €6,924 to €396,036
- Tangible fixed assets +€74,889
up €74,889 (+24.8%), from €302,372 to €377,262
of which Furniture and vehicles: +€94,322
- Receivables within one year +€56,718
up €56,718 (+299%), from €18,971 to €75,689
of which Trade receivables: +€53,480
- Debts after one year +€75,899
up €75,899 (+26.7%), from €283,836 to €359,735
- Contributions +€35,000
up €35,000 (+53.8%), from €65,000 to €100,000
- Tax, wage and social debts -€34,700
down €34,700 (-64.1%), from €54,143 to €19,443
- Gross operating margin -€153,773
down €153,773 (-63.1%), from €243,744 to €89,971
- Taxes -€39,312
down €39,312 (-94.2%), from €41,747 to €2,436
- Financial charges +€32,604
up €32,604 (+359%), from €9,080 to €41,684
- Depreciation +€21,346
up €21,346 (+58.3%), from €36,606 to €57,952
- Financial income +€19,711
up €19,711 (+214%), from €9,213 to €28,924
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,117,933 | €1,203,308 | +€85,375 | +7.6% |
| Fixed assets | 21/28 | €302,374 | €377,263 | +€74,889 | +24.8% |
| Intangible fixed assets | 21 | €2 | €1 | -€1 | -35.0% |
| Tangible fixed assets | 22/27 | €302,372 | €377,262 | +€74,889 | +24.8% |
| Land and buildings | 22 | €205,037 | €183,601 | -€21,436 | -10.5% |
| Plant, machinery and equipment | 23 | €16,864 | €18,151 | +€1,288 | +7.6% |
| Furniture and vehicles | 24 | €12,460 | €106,782 | +€94,322 | +757% |
| Other tangible fixed assets | 26 | €68,012 | €68,727 | +€716 | +1.1% |
| Current assets | 29/58 | €815,559 | €826,045 | +€10,486 | +1.3% |
| Stocks and contracts in progress | 3 | €6,924 | €396,036 | +€389,112 | +5,620% |
| Stocks | 30/36 | €6,924 | €396,036 | +€389,112 | +5,620% |
| Amounts receivable within one year | 40/41 | €18,971 | €75,689 | +€56,718 | +299% |
| Trade receivables | 40 | €10,000 | €63,480 | +€53,480 | +535% |
| Other amounts receivable | 41 | €8,971 | €12,210 | +€3,238 | +36.1% |
| Current investments | 50/53 | €753,624 | €313,132 | -€440,493 | -58.4% |
| Cash at bank and in hand | 54/58 | €33,984 | €39,182 | +€5,197 | +15.3% |
| Deferred charges and accrued income | 490/1 | €2,055 | €2,007 | -€48 | -2.3% |
| Total equity and liabilities | 10/49 | €1,117,933 | €1,203,308 | +€85,375 | +7.6% |
| Equity | 10/15 | €744,227 | €788,428 | +€44,201 | +5.9% |
| Contributions | 10/11 | €65,000 | €100,000 | +€35,000 | +53.8% |
| Reserves | 13 | €679,227 | €688,428 | +€9,201 | +1.4% |
| Distributable reserves | 133 | €679,227 | €688,428 | +€9,201 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €373,706 | €414,880 | +€41,174 | +11.0% |
| Amounts payable after more than one year | 17 | €283,836 | €359,735 | +€75,899 | +26.7% |
| Other amounts payable | 178/9 | €283,836 | €359,735 | +€75,899 | +26.7% |
| Amounts payable within one year | 42/48 | €88,969 | €55,145 | -€33,825 | -38.0% |
| Trade debts | 44 | €6,107 | €800 | -€5,307 | -86.9% |
| Suppliers | 440/4 | €6,107 | €800 | -€5,307 | -86.9% |
| Taxes, remuneration and social security | 45 | €54,143 | €19,443 | -€34,700 | -64.1% |
| Taxes | 450/3 | €54,143 | €19,443 | -€34,700 | -64.1% |
| Other amounts payable | 47/48 | €28,719 | €34,902 | +€6,182 | +21.5% |
| Accrued charges and deferred income | 492/3 | €901 | €0 | -€901 | -100% |
| Non-recurring operating income | 76A | - | €8,942 | +€8,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,606 | €57,952 | +€21,346 | +58.3% |
| Other operating charges | 640/8 | €1,744 | €3,294 | +€1,549 | +88.8% |
| Non-recurring operating charges | 66A | €1,343 | €1,329 | -€14 | -1.0% |
| Gross operating margin | 9900 | €243,744 | €89,971 | -€153,773 | -63.1% |
| Operating profit (loss) | 9901 | €204,050 | €27,396 | -€176,654 | -86.6% |
| Financial income | 75/76B | €9,213 | €28,924 | +€19,711 | +214% |
| Recurring financial income | 75 | €9,213 | €28,924 | +€19,711 | +214% |
| Financial charges | 65/66B | €9,080 | €41,684 | +€32,604 | +359% |
| Recurring financial charges | 65 | €9,080 | €41,684 | +€32,604 | +359% |
| Profit (loss) for the period before taxes | 9903 | €204,184 | €14,636 | -€189,548 | -92.8% |
| Income taxes | 67/77 | €41,747 | €2,436 | -€39,312 | -94.2% |
| Profit (loss) for the period | 9904 | €162,437 | €12,201 | -€150,236 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €162,437 | €12,201 | -€150,236 | -92.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.