Mahieu Services Projects: 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.
Mahieu Services Projects
Largest movements
- Receivables within one year -€35,607
down €35,607 (-22.1%), from €160,866 to €125,259
of which Trade receivables: -€37,618
- Stocks and contracts -€6,910
down €6,910 (-49.2%), from €14,034 to €7,124
- Tangible fixed assets -€3,962
down €3,962 (-19.5%), from €20,322 to €16,360
of which Furniture and vehicles: -€2,053
- Deferred charges and accrued income -€2,690
down €2,690 (-68.7%), from €3,918 to €1,228
- Accrued charges and deferred income -€69,583
no longer reported in 2024 (was €69,583)
- Short-term financial debts +€27,008
up €27,008 (+182%), from €14,878 to €41,886
- Trade debts +€19,901
up €19,901 (+46.2%), from €43,085 to €62,987
- Profit (loss) carried forward -€18,856
down €18,856 (-90.6%), from €20,819 to €1,963
- Debts after one year -€5,173
down €5,173 (-35.7%), from €14,477 to €9,304
- Gross operating margin -€40,738
down €40,738, from €32,255 to -€8,483
- Taxes -€5,359
down €5,359, from €4,199 to -€1,161
- Write-downs -€3,603
no longer reported in 2024 (was €3,603)
- Financial charges +€2,946
up €2,946 (+107%), from €2,740 to €5,686
- Depreciation -€2,082
down €2,082 (-29.4%), from €7,078 to €4,996
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.
Derived cash bridge
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 | €208,182 | €159,310 | -€48,872 | -23.5% |
| Fixed assets | 21/28 | €21,330 | €17,368 | -€3,962 | -18.6% |
| Tangible fixed assets | 22/27 | €20,322 | €16,360 | -€3,962 | -19.5% |
| Plant, machinery and equipment | 23 | €16,600 | €14,692 | -€1,909 | -11.5% |
| Furniture and vehicles | 24 | €3,722 | €1,669 | -€2,053 | -55.2% |
| Financial fixed assets | 28 | €1,008 | €1,008 | = | 0.0% |
| Current assets | 29/58 | €186,852 | €141,942 | -€44,910 | -24.0% |
| Stocks and contracts in progress | 3 | €14,034 | €7,124 | -€6,910 | -49.2% |
| Stocks | 30/36 | €14,034 | €7,124 | -€6,910 | -49.2% |
| Amounts receivable within one year | 40/41 | €160,866 | €125,259 | -€35,607 | -22.1% |
| Trade receivables | 40 | €149,830 | €112,213 | -€37,618 | -25.1% |
| Other amounts receivable | 41 | €11,036 | €13,047 | +€2,011 | +18.2% |
| Cash at bank and in hand | 54/58 | €8,035 | €8,331 | +€296 | +3.7% |
| Deferred charges and accrued income | 490/1 | €3,918 | €1,228 | -€2,690 | -68.7% |
| Total equity and liabilities | 10/49 | €208,182 | €159,310 | -€48,872 | -23.5% |
| Equity | 10/15 | €41,279 | €22,423 | -€18,856 | -45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,819 | €1,963 | -€18,856 | -90.6% |
| Amounts payable | 17/49 | €166,903 | €136,887 | -€30,016 | -18.0% |
| Amounts payable after more than one year | 17 | €14,477 | €9,304 | -€5,173 | -35.7% |
| Financial debts | 170/4 | €14,477 | €9,304 | -€5,173 | -35.7% |
| Amounts payable within one year | 42/48 | €82,843 | €127,583 | +€44,740 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €5,995 | €7,219 | +€1,224 | +20.4% |
| Financial debts | 43 | €14,878 | €41,886 | +€27,008 | +182% |
| Credit institutions | 430/8 | €14,878 | €41,886 | +€27,008 | +182% |
| Trade debts | 44 | €43,085 | €62,987 | +€19,901 | +46.2% |
| Suppliers | 440/4 | €43,085 | €62,987 | +€19,901 | +46.2% |
| Taxes, remuneration and social security | 45 | €5,359 | €1,530 | -€3,829 | -71.5% |
| Taxes | 450/3 | €5,359 | €1,530 | -€3,829 | -71.5% |
| Other amounts payable | 47/48 | €13,526 | €13,962 | +€436 | +3.2% |
| Accrued charges and deferred income | 492/3 | €69,583 | - | -€69,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,078 | €4,996 | -€2,082 | -29.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,603 | - | -€3,603 | |
| Other operating charges | 640/8 | €1,841 | €983 | -€858 | -46.6% |
| Non-recurring operating charges | 66A | €3,756 | - | -€3,756 | |
| Gross operating margin | 9900 | €32,255 | -€8,483 | -€40,738 | |
| Operating profit (loss) | 9901 | €15,976 | -€14,462 | -€30,438 | |
| Financial income | 75/76B | - | €131 | +€131 | |
| Recurring financial income | 75 | - | €131 | +€131 | |
| Financial charges | 65/66B | €2,740 | €5,686 | +€2,946 | +107% |
| Recurring financial charges | 65 | €2,740 | €5,686 | +€2,946 | +107% |
| Profit (loss) for the period before taxes | 9903 | €13,236 | -€20,017 | -€33,253 | |
| Income taxes | 67/77 | €4,199 | -€1,161 | -€5,359 | |
| Profit (loss) for the period | 9904 | €9,037 | -€18,856 | -€27,894 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,037 | -€18,856 | -€27,894 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.