MAHEMA: 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.
MAHEMA
Largest movements
- Tangible fixed assets +€40,647
up €40,647 (+657.3%), from €6,184 to €46,831
of which Furniture and vehicles: +€39,747
- Receivables within one year -€16,600
down €16,600 (-5.6%), from €298,371 to €281,771
of which Other amounts receivable: -€16,584
- Cash +€15,514
up €15,514 (+102.5%), from €15,133 to €30,647
mainly Debts after one year (+€26,355) and Receivables within one year (+€16,600)
- Debts after one year +€26,355
new in 2024: €26,355
- Current portion of long-term debt +€10,627
new in 2024: €10,627
- Trade debts +€9,766
up €9,766 (+25.4%), from €38,493 to €48,259
of which Bills of exchange payable: +€10,078
- Profit (loss) carried forward -€5,902
down €5,902 (-2.6%), from €227,448 to €221,547
- Gross operating margin -€35,779
down €35,779 (-20.0%), from €178,972 to €143,193
- Staff costs -€15,016
down €15,016 (-10.1%), from €149,049 to €134,033
- Depreciation +€9,316
up €9,316 (+821.9%), from €1,133 to €10,449
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 | €349,665 | €390,380 | +€40,714 | +11.6% |
| Fixed assets | 21/28 | €6,394 | €47,203 | +€40,809 | +638.3% |
| Tangible fixed assets | 22/27 | €6,184 | €46,831 | +€40,647 | +657.3% |
| Plant, machinery and equipment | 23 | €5,846 | €7,084 | +€1,238 | +21.2% |
| Furniture and vehicles | 24 | - | €39,747 | +€39,747 | |
| Other tangible fixed assets | 26 | €338 | - | -€338 | |
| Financial fixed assets | 28 | €210 | €372 | +€162 | +77.0% |
| Current assets | 29/58 | €343,272 | €343,176 | -€95 | 0.0% |
| Amounts receivable after more than one year | 29 | €21,978 | €21,978 | = | 0.0% |
| Trade receivables | 290 | €21,978 | €21,978 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,137 | €8,212 | +€1,075 | +15.1% |
| Stocks | 30/36 | €7,137 | €8,212 | +€1,075 | +15.1% |
| Amounts receivable within one year | 40/41 | €298,371 | €281,771 | -€16,600 | -5.6% |
| Trade receivables | 40 | €588 | €572 | -€16 | -2.7% |
| Other amounts receivable | 41 | €297,783 | €281,199 | -€16,584 | -5.6% |
| Cash at bank and in hand | 54/58 | €15,133 | €30,647 | +€15,514 | +102.5% |
| Deferred charges and accrued income | 490/1 | €652 | €568 | -€84 | -12.8% |
| Total equity and liabilities | 10/49 | €349,665 | €390,380 | +€40,714 | +11.6% |
| Equity | 10/15 | €296,516 | €290,615 | -€5,902 | -2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,068 | €7,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €868 | €868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,448 | €221,547 | -€5,902 | -2.6% |
| Amounts payable | 17/49 | €53,149 | €99,765 | +€46,616 | +87.7% |
| Amounts payable after more than one year | 17 | - | €26,355 | +€26,355 | |
| Financial debts | 170/4 | - | €26,355 | +€26,355 | |
| Amounts payable within one year | 42/48 | €50,008 | €73,410 | +€23,401 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,627 | +€10,627 | |
| Trade debts | 44 | €38,493 | €48,259 | +€9,766 | +25.4% |
| Suppliers | 440/4 | €38,493 | €38,181 | -€312 | -0.8% |
| Bills of exchange payable | 441 | - | €10,078 | +€10,078 | |
| Taxes, remuneration and social security | 45 | €11,515 | €14,524 | +€3,009 | +26.1% |
| Taxes | 450/3 | €5,115 | €3,628 | -€1,486 | -29.1% |
| Remuneration and social security | 454/9 | €6,400 | €10,896 | +€4,495 | +70.2% |
| Accrued charges and deferred income | 492/3 | €3,141 | - | -€3,141 | |
| Remuneration, social security and pensions | 62 | €149,049 | €134,033 | -€15,016 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,133 | €10,449 | +€9,316 | +821.9% |
| Other operating charges | 640/8 | €2,584 | €2,469 | -€115 | -4.4% |
| Gross operating margin | 9900 | €178,972 | €143,193 | -€35,779 | -20.0% |
| Operating profit (loss) | 9901 | €26,206 | -€3,758 | -€29,964 | |
| Financial income | 75/76B | €1,597 | €1,943 | +€347 | +21.7% |
| Recurring financial income | 75 | €1,597 | €1,943 | +€347 | +21.7% |
| Financial charges | 65/66B | €2,525 | €3,869 | +€1,344 | +53.3% |
| Recurring financial charges | 65 | €2,525 | €3,869 | +€1,344 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €25,278 | -€5,684 | -€30,962 | |
| Income taxes | 67/77 | €145 | €218 | +€73 | +50.0% |
| Profit (loss) for the period | 9904 | €25,133 | -€5,902 | -€31,034 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,133 | -€5,902 | -€31,034 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.