MAHEI: 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.
MAHEI
Largest movements
- Tangible fixed assets -€31,783
down €31,783 (-7.9%), from €400,382 to €368,599
- Cash +€7,167
up €7,167 (+983.7%), from €729 to €7,896
mainly Depreciation (+€31,783) and Trade debts (+€1,707)
- Profit (loss) carried forward -€19,729
down €19,729 (-4.8%), from -€414,509 to -€434,239
- Other debts -€6,491
down €6,491 (-1.7%), from €383,194 to €376,703
- Gross operating margin +€1,396
up €1,396 (+11.1%), from €12,524 to €13,921
- Depreciation -€977
down €977 (-3.0%), from €32,760 to €31,783
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.
Cash bridge derived
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 | €406,145 | €381,631 | -€24,514 | -6.0% |
| Fixed assets | 21/28 | €400,382 | €368,599 | -€31,783 | -7.9% |
| Tangible fixed assets | 22/27 | €400,382 | €368,599 | -€31,783 | -7.9% |
| Land and buildings | 22 | €400,382 | €368,599 | -€31,783 | -7.9% |
| Current assets | 29/58 | €5,763 | €13,032 | +€7,268 | +126.1% |
| Amounts receivable within one year | 40/41 | €2,609 | €3,030 | +€421 | +16.1% |
| Trade receivables | 40 | €845 | €1,265 | +€421 | +49.8% |
| Other amounts receivable | 41 | €1,764 | €1,764 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €729 | €7,896 | +€7,167 | +983.7% |
| Deferred charges and accrued income | 490/1 | €2,426 | €2,106 | -€320 | -13.2% |
| Total equity and liabilities | 10/49 | €406,145 | €381,631 | -€24,514 | -6.0% |
| Equity | 10/15 | €19,842 | €112 | -€19,729 | -99.4% |
| Contributions | 10/11 | €69,420 | €69,420 | = | 0.0% |
| Revaluation surpluses | 12 | €358,000 | €358,000 | = | 0.0% |
| Reserves | 13 | €6,931 | €6,931 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,931 | €6,931 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,931 | €6,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,509 | -€434,239 | -€19,729 | -4.8% |
| Amounts payable | 17/49 | €386,303 | €381,518 | -€4,785 | -1.2% |
| Amounts payable within one year | 42/48 | €386,303 | €381,518 | -€4,785 | -1.2% |
| Trade debts | 44 | €3,109 | €4,815 | +€1,707 | +54.9% |
| Suppliers | 440/4 | €3,109 | €4,815 | +€1,707 | +54.9% |
| Other amounts payable | 47/48 | €383,194 | €376,703 | -€6,491 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,760 | €31,783 | -€977 | -3.0% |
| Other operating charges | 640/8 | €1,333 | €1,370 | +€37 | +2.8% |
| Gross operating margin | 9900 | €12,524 | €13,921 | +€1,396 | +11.1% |
| Operating profit (loss) | 9901 | -€21,568 | -€19,232 | +€2,336 | +10.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €348 | €396 | +€48 | +13.9% |
| Recurring financial charges | 65 | €348 | €396 | +€48 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,916 | -€19,628 | +€2,288 | +10.4% |
| Income taxes | 67/77 | €101 | €101 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€22,018 | -€19,729 | +€2,288 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,018 | -€19,729 | +€2,288 | +10.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.