Mahiri: 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.
Mahiri
Largest movements
- Receivables after one year +€272,754
new in 2025: €272,754
- Cash -€120,934
down €120,934 (-89.9%), from €134,551 to €13,617
mainly Receivables after one year (-€272,754) and Contributions, distributions and other (-€38,169)
- Current investments -€99,290
down €99,290 (-100%), from €99,290 to €0
- Receivables within one year -€14,447
down €14,447 (-30.9%), from €46,810 to €32,363
of which Other amounts receivable: -€14,720
- Tangible fixed assets -€10,554
down €10,554 (-21.0%), from €50,330 to €39,777
of which Land and buildings: -€9,910
- Reserves +€38,617
up €38,617 (+15.8%), from €244,662 to €283,278
of which Distributable reserves: +€38,617
- Other debts -€14,476
down €14,476 (-23.0%), from €62,959 to €48,483
- Tax, wage and social debts +€5,898
up €5,898 (+62.0%), from €9,511 to €15,408
of which Taxes: +€6,555
- Financial income +€6,837
up €6,837 (+419%), from €1,631 to €8,467
- Taxes +€3,163
up €3,163 (+13.3%), from €23,759 to €26,922
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 | €334,333 | €361,973 | +€27,640 | +8.3% |
| Fixed assets | 21/28 | €52,137 | €41,935 | -€10,202 | -19.6% |
| Tangible fixed assets | 22/27 | €50,330 | €39,777 | -€10,554 | -21.0% |
| Land and buildings | 22 | €49,549 | €39,639 | -€9,910 | -20.0% |
| Furniture and vehicles | 24 | €781 | €138 | -€644 | -82.4% |
| Financial fixed assets | 28 | €1,806 | €2,158 | +€352 | +19.5% |
| Current assets | 29/58 | €282,196 | €320,038 | +€37,842 | +13.4% |
| Amounts receivable after more than one year | 29 | - | €272,754 | +€272,754 | |
| Other amounts receivable | 291 | - | €272,754 | +€272,754 | |
| Amounts receivable within one year | 40/41 | €46,810 | €32,363 | -€14,447 | -30.9% |
| Trade receivables | 40 | €32,090 | €32,363 | +€273 | +0.9% |
| Other amounts receivable | 41 | €14,720 | €0 | -€14,720 | -100% |
| Current investments | 50/53 | €99,290 | €0 | -€99,290 | -100% |
| Cash at bank and in hand | 54/58 | €134,551 | €13,617 | -€120,934 | -89.9% |
| Deferred charges and accrued income | 490/1 | €1,545 | €1,304 | -€241 | -15.6% |
| Total equity and liabilities | 10/49 | €334,333 | €361,973 | +€27,640 | +8.3% |
| Equity | 10/15 | €257,062 | €295,678 | +€38,617 | +15.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €244,662 | €283,278 | +€38,617 | +15.8% |
| Tax-exempt reserves | 132 | €3,033 | €3,033 | = | 0.0% |
| Distributable reserves | 133 | €241,629 | €280,246 | +€38,617 | +16.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,272 | €66,295 | -€10,977 | -14.2% |
| Amounts payable after more than one year | 17 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 178/9 | €2,300 | €2,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,722 | €63,995 | -€9,727 | -13.2% |
| Trade debts | 44 | €1,252 | €104 | -€1,149 | -91.7% |
| Suppliers | 440/4 | €1,252 | €104 | -€1,149 | -91.7% |
| Taxes, remuneration and social security | 45 | €9,511 | €15,408 | +€5,898 | +62.0% |
| Taxes | 450/3 | €8,853 | €15,408 | +€6,555 | +74.0% |
| Remuneration and social security | 454/9 | €658 | €0 | -€658 | -100% |
| Other amounts payable | 47/48 | €62,959 | €48,483 | -€14,476 | -23.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €0 | -€1,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,554 | €10,554 | = | 0.0% |
| Other operating charges | 640/8 | €2,282 | €2,771 | +€489 | +21.4% |
| Gross operating margin | 9900 | €107,556 | €108,640 | +€1,084 | +1.0% |
| Operating profit (loss) | 9901 | €94,721 | €95,315 | +€595 | +0.6% |
| Financial income | 75/76B | €1,631 | €8,467 | +€6,837 | +419% |
| Recurring financial income | 75 | €1,631 | €8,467 | +€6,837 | +419% |
| Financial charges | 65/66B | €66 | €75 | +€8 | +12.6% |
| Recurring financial charges | 65 | €66 | €75 | +€8 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €96,285 | €103,708 | +€7,423 | +7.7% |
| Income taxes | 67/77 | €23,759 | €26,922 | +€3,163 | +13.3% |
| Profit (loss) for the period | 9904 | €72,526 | €76,786 | +€4,260 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,526 | €76,786 | +€4,260 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.