MAHI GROUP: 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.
MAHI GROUP
Largest movements
- Receivables within one year +€13,819
up €13,819 (+47.1%), from €29,349 to €43,168
of which Trade receivables: +€14,501
- Cash -€4,666
down €4,666 (-44.9%), from €10,402 to €5,736
mainly Receivables within one year (-€13,819) and Other debts (-€3,927)
- Stocks and contracts +€1,975
up €1,975 (+2.3%), from €87,396 to €89,371
- Trade debts +€11,334
up €11,334 (+25.6%), from €44,235 to €55,569
- Other debts -€3,927
down €3,927 (-4.8%), from €81,365 to €77,438
- Profit (loss) carried forward +€1,986
up €1,986 (+94.6%), from €2,098 to €4,084
- Turnover +€3,585
up €3,585 (+3.0%), from €118,010 to €121,595
- Purchases and services +€1,937
up €1,937 (+1.7%), from €116,980 to €118,917
- Gross operating margin +€1,646
up €1,646 (+150.8%), from €1,091 to €2,738
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 | €127,698 | €138,275 | +€10,577 | +8.3% |
| Current assets | 29/58 | €127,698 | €138,275 | +€10,577 | +8.3% |
| Stocks and contracts in progress | 3 | €87,396 | €89,371 | +€1,975 | +2.3% |
| Stocks | 30/36 | €87,396 | €89,371 | +€1,975 | +2.3% |
| Amounts receivable within one year | 40/41 | €29,349 | €43,168 | +€13,819 | +47.1% |
| Trade receivables | 40 | €28,667 | €43,168 | +€14,501 | +50.6% |
| Other amounts receivable | 41 | €682 | - | -€682 | |
| Cash at bank and in hand | 54/58 | €10,402 | €5,736 | -€4,666 | -44.9% |
| Deferred charges and accrued income | 490/1 | €551 | - | -€551 | |
| Total equity and liabilities | 10/49 | €127,698 | €138,275 | +€10,577 | +8.3% |
| Equity | 10/15 | €2,098 | €4,084 | +€1,986 | +94.6% |
| Profit (loss) carried forward | 14 | €2,098 | €4,084 | +€1,986 | +94.6% |
| Amounts payable | 17/49 | €125,600 | €134,191 | +€8,591 | +6.8% |
| Amounts payable within one year | 42/48 | €125,600 | €134,191 | +€8,591 | +6.8% |
| Trade debts | 44 | €44,235 | €55,569 | +€11,334 | +25.6% |
| Suppliers | 440/4 | €44,235 | €55,569 | +€11,334 | +25.6% |
| Taxes, remuneration and social security | 45 | - | €1,185 | +€1,185 | |
| Taxes | 450/3 | - | €1,185 | +€1,185 | |
| Other amounts payable | 47/48 | €81,365 | €77,438 | -€3,927 | -4.8% |
| Turnover | 70 | €118,010 | €121,595 | +€3,585 | +3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €116,980 | €118,917 | +€1,937 | +1.7% |
| Other operating charges | 640/8 | €497 | €510 | +€12 | +2.5% |
| Gross operating margin | 9900 | €1,091 | €2,738 | +€1,646 | +150.8% |
| Operating profit (loss) | 9901 | €594 | €2,228 | +€1,634 | +275.0% |
| Financial charges | 65/66B | €226 | €161 | -€65 | -28.8% |
| Recurring financial charges | 65 | €226 | €161 | -€65 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €368 | €2,067 | +€1,699 | +461.7% |
| Income taxes | 67/77 | €277 | €81 | -€196 | -70.7% |
| Profit (loss) for the period | 9904 | €91 | €1,986 | +€1,895 | +2087.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91 | €1,986 | +€1,895 | +2087.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.