MAHIEU PROPERTIES: 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.
MAHIEU PROPERTIES
Largest movements
- Stocks and contracts +€45,523
new in 2025: €45,523
- Cash -€18,162
down €18,162 (-75.1%), from €24,171 to €6,009
mainly Stocks and contracts (-€45,523) and Investment in fixed assets (net) (-€11,976)
- Tangible fixed assets +€9,806
new in 2025: €9,806
- Receivables within one year +€5,028
up €5,028 (+10.9%), from €46,027 to €51,055
of which Trade receivables: +€3,216
- Intangible fixed assets +€1,217
new in 2025: €1,217
- Trade debts +€45,385
up €45,385 (+713.6%), from €6,360 to €51,745
- Tax, wage and social debts -€5,422
down €5,422 (-53.3%), from €10,167 to €4,745
- Profit (loss) carried forward +€2,881
up €2,881 (+27.9%), from €10,343 to €13,224
- Purchases and services +€96,681
up €96,681 (+536.6%), from €18,016 to €114,698
- Turnover +€88,179
up €88,179 (+279.8%), from €31,519 to €119,698
- Financial charges +€4,765
up €4,765 (+3097.6%), from €154 to €4,919
- Gross operating margin -€3,613
down €3,613 (-26.8%), from €13,503 to €9,890
- Taxes -€2,483
down €2,483 (-70.3%), from €3,532 to €1,049
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 | €70,318 | €113,930 | +€43,612 | +62.0% |
| Fixed assets | 21/28 | €120 | €11,343 | +€11,223 | +9352.9% |
| Intangible fixed assets | 21 | - | €1,217 | +€1,217 | |
| Tangible fixed assets | 22/27 | - | €9,806 | +€9,806 | |
| Furniture and vehicles | 24 | - | €9,806 | +€9,806 | |
| Financial fixed assets | 28 | €120 | €320 | +€200 | +166.7% |
| Current assets | 29/58 | €70,198 | €102,587 | +€32,389 | +46.1% |
| Stocks and contracts in progress | 3 | - | €45,523 | +€45,523 | |
| Stocks | 30/36 | - | €45,523 | +€45,523 | |
| Amounts receivable within one year | 40/41 | €46,027 | €51,055 | +€5,028 | +10.9% |
| Trade receivables | 40 | €46,027 | €49,242 | +€3,216 | +7.0% |
| Other amounts receivable | 41 | - | €1,813 | +€1,813 | |
| Cash at bank and in hand | 54/58 | €24,171 | €6,009 | -€18,162 | -75.1% |
| Total equity and liabilities | 10/49 | €70,318 | €113,930 | +€43,612 | +62.0% |
| Equity | 10/15 | €27,513 | €30,394 | +€2,881 | +10.5% |
| Contributions | 10/11 | €17,170 | €17,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,343 | €13,224 | +€2,881 | +27.9% |
| Amounts payable | 17/49 | €42,806 | €83,537 | +€40,731 | +95.2% |
| Amounts payable within one year | 42/48 | €42,806 | €83,537 | +€40,731 | +95.2% |
| Financial debts | 43 | €0 | €0 | +€0 | +100.0% |
| Credit institutions | 430/8 | €0 | €0 | +€0 | +100.0% |
| Trade debts | 44 | €6,360 | €51,745 | +€45,385 | +713.6% |
| Suppliers | 440/4 | €6,360 | €51,745 | +€45,385 | +713.6% |
| Taxes, remuneration and social security | 45 | €10,167 | €4,745 | -€5,422 | -53.3% |
| Taxes | 450/3 | €10,167 | €4,745 | -€5,422 | -53.3% |
| Other amounts payable | 47/48 | €26,279 | €27,047 | +€768 | +2.9% |
| Turnover | 70 | €31,519 | €119,698 | +€88,179 | +279.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,016 | €114,698 | +€96,681 | +536.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €753 | +€753 | |
| Other operating charges | 640/8 | €387 | €467 | +€80 | +20.7% |
| Gross operating margin | 9900 | €13,503 | €9,890 | -€3,613 | -26.8% |
| Operating profit (loss) | 9901 | €13,116 | €8,670 | -€4,446 | -33.9% |
| Financial income | 75/76B | - | €179 | +€179 | |
| Recurring financial income | 75 | - | €179 | +€179 | |
| Financial charges | 65/66B | €154 | €4,919 | +€4,765 | +3097.6% |
| Recurring financial charges | 65 | €154 | €4,919 | +€4,765 | +3097.6% |
| Profit (loss) for the period before taxes | 9903 | €12,962 | €3,930 | -€9,032 | -69.7% |
| Income taxes | 67/77 | €3,532 | €1,049 | -€2,483 | -70.3% |
| Profit (loss) for the period | 9904 | €9,430 | €2,881 | -€6,549 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,430 | €2,881 | -€6,549 | -69.4% |
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 28 September 2026 via checked.be.