MAHIR: 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.
MAHIR
Largest movements
- Intangible fixed assets +€65,189
new in 2024: €65,189
- Cash +€3,670
up €3,670 (+25.8%), from €14,214 to €17,884
mainly Trade debts (+€46,677) and Net result for the year (+€21,110)
- Tangible fixed assets +€3,287
up €3,287 (+26.8%), from €12,268 to €15,554
of which Plant, machinery and equipment: +€2,654
- Trade debts +€46,677
up €46,677 (+130.5%), from €35,765 to €82,442
- Reserves +€21,110
new in 2024: €21,110
- Tax, wage and social debts +€3,749
up €3,749 (+23.3%), from €16,122 to €19,870
of which Taxes: +€6,840
- Gross operating margin +€53,733
up €53,733 (+175.9%), from €30,545 to €84,278
- Staff costs +€32,220
up €32,220 (+189.5%), from €17,004 to €49,224
- Taxes +€6,187
up €6,187 (+210.4%), from €2,941 to €9,128
- Depreciation +€4,364
up €4,364 (+302.6%), from €1,442 to €5,807
- Financial income +€1,133
up €1,133 (+133.1%), from €851 to €1,984
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 | €66,784 | €138,319 | +€71,535 | +107.1% |
| Fixed assets | 21/28 | €12,268 | €80,743 | +€68,476 | +558.2% |
| Intangible fixed assets | 21 | - | €65,189 | +€65,189 | |
| Tangible fixed assets | 22/27 | €12,268 | €15,554 | +€3,287 | +26.8% |
| Plant, machinery and equipment | 23 | €12,268 | €14,921 | +€2,654 | +21.6% |
| Furniture and vehicles | 24 | - | €633 | +€633 | |
| Current assets | 29/58 | €54,516 | €57,575 | +€3,059 | +5.6% |
| Stocks and contracts in progress | 3 | €980 | €780 | -€200 | -20.4% |
| Stocks | 30/36 | €980 | €780 | -€200 | -20.4% |
| Amounts receivable within one year | 40/41 | €39,322 | €38,912 | -€410 | -1.0% |
| Trade receivables | 40 | €9,124 | - | -€9,124 | |
| Other amounts receivable | 41 | €30,198 | €38,912 | +€8,714 | +28.9% |
| Cash at bank and in hand | 54/58 | €14,214 | €17,884 | +€3,670 | +25.8% |
| Total equity and liabilities | 10/49 | €66,784 | €138,319 | +€71,535 | +107.1% |
| Equity | 10/15 | €9,931 | €31,041 | +€21,110 | +212.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €21,110 | +€21,110 | |
| Distributable reserves | 133 | - | €21,110 | +€21,110 | |
| Profit (loss) carried forward | 14 | €8,431 | €8,431 | = | 0.0% |
| Amounts payable | 17/49 | €56,852 | €107,278 | +€50,425 | +88.7% |
| Amounts payable within one year | 42/48 | €56,852 | €107,278 | +€50,425 | +88.7% |
| Trade debts | 44 | €35,765 | €82,442 | +€46,677 | +130.5% |
| Suppliers | 440/4 | €35,765 | €82,442 | +€46,677 | +130.5% |
| Taxes, remuneration and social security | 45 | €16,122 | €19,870 | +€3,749 | +23.3% |
| Taxes | 450/3 | €6,939 | €13,778 | +€6,840 | +98.6% |
| Remuneration and social security | 454/9 | €9,183 | €6,092 | -€3,091 | -33.7% |
| Other amounts payable | 47/48 | €4,965 | €4,965 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €17,004 | €49,224 | +€32,220 | +189.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,442 | €5,807 | +€4,364 | +302.6% |
| Other operating charges | 640/8 | €384 | €485 | +€101 | +26.1% |
| Gross operating margin | 9900 | €30,545 | €84,278 | +€53,733 | +175.9% |
| Operating profit (loss) | 9901 | €11,714 | €28,763 | +€17,049 | +145.5% |
| Financial income | 75/76B | €851 | €1,984 | +€1,133 | +133.1% |
| Recurring financial income | 75 | €851 | €1,984 | +€1,133 | +133.1% |
| Financial charges | 65/66B | €1,193 | €509 | -€683 | -57.3% |
| Recurring financial charges | 65 | €1,193 | €509 | -€683 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €11,372 | €30,237 | +€18,865 | +165.9% |
| Income taxes | 67/77 | €2,941 | €9,128 | +€6,187 | +210.4% |
| Profit (loss) for the period | 9904 | €8,431 | €21,110 | +€12,678 | +150.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,431 | €21,110 | +€12,678 | +150.4% |
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 10 October 2026 via checked.be.