MAHIEU.V: 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.V
Largest movements
- Cash +€339
up €339 (+7.9%), from €4,266 to €4,605
mainly Trade debts (+€1,305) and Other debts (+€411)
- Receivables within one year +€66
up €66 (+72.5%), from €91 to €158
- Profit (loss) carried forward -€1,312
down €1,312 (-8.3%), from -€15,710 to -€17,022
- Trade debts +€1,305
up €1,305 (+1,927%), from €68 to €1,373
- Other debts +€411
new in 2025: €411
- Gross operating margin +€507
up €507 (+29.4%), from -€1,722 to -€1,215
- Other operating charges -€176
no longer reported in 2025 (was €176)
- Financial charges +€39
up €39 (+68.6%), from €57 to €96
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.
Derived cash bridge
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 | €4,357 | €4,763 | +€405 | +9.3% |
| Current assets | 29/58 | €4,357 | €4,763 | +€405 | +9.3% |
| Amounts receivable within one year | 40/41 | €91 | €158 | +€66 | +72.5% |
| Other amounts receivable | 41 | €91 | €158 | +€66 | +72.5% |
| Cash at bank and in hand | 54/58 | €4,266 | €4,605 | +€339 | +7.9% |
| Total equity and liabilities | 10/49 | €4,357 | €4,763 | +€405 | +9.3% |
| Equity | 10/15 | €4,290 | €2,978 | -€1,312 | -30.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,710 | -€17,022 | -€1,312 | -8.3% |
| Amounts payable | 17/49 | €68 | €1,784 | +€1,717 | +2,535% |
| Amounts payable within one year | 42/48 | €68 | €1,784 | +€1,717 | +2,535% |
| Trade debts | 44 | €68 | €1,373 | +€1,305 | +1,927% |
| Suppliers | 440/4 | €68 | €1,373 | +€1,305 | +1,927% |
| Other amounts payable | 47/48 | - | €411 | +€411 | |
| Other operating charges | 640/8 | €176 | - | -€176 | |
| Non-recurring operating charges | 66A | €4,462 | - | -€4,462 | |
| Gross operating margin | 9900 | -€1,722 | -€1,215 | +€507 | +29.4% |
| Operating profit (loss) | 9901 | -€6,360 | -€1,215 | +€5,145 | +80.9% |
| Financial charges | 65/66B | €57 | €96 | +€39 | +68.6% |
| Recurring financial charges | 65 | €57 | €96 | +€39 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,417 | -€1,312 | +€5,106 | +79.6% |
| Profit (loss) for the period | 9904 | -€6,417 | -€1,312 | +€5,106 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,417 | -€1,312 | +€5,106 | +79.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.