MAHITRANS: 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.
MAHITRANS
Largest movements
- Cash +€62,086
up €62,086 (+270.3%), from €22,967 to €85,052
mainly Current investments (+€28,000) and Depreciation (+€20,429)
- Current investments -€28,000
down €28,000 (-35.9%), from €78,000 to €50,000
- Tangible fixed assets -€20,429
down €20,429 (-19.0%), from €107,407 to €86,978
of which Furniture and vehicles: -€11,741
- Receivables within one year +€5,772
up €5,772 (+40.9%), from €14,112 to €19,884
of which Trade receivables: +€5,772
- Reserves +€13,733
up €13,733 (+13.1%), from €105,138 to €118,872
- Trade debts +€2,977
up €2,977 (+39.0%), from €7,637 to €10,614
- Gross operating margin +€53,687
up €53,687, from -€16,692 to €36,995
- Depreciation +€10,200
up €10,200 (+99.7%), from €10,229 to €20,429
- Financial income +€2,405
up €2,405 (+304.5%), from €790 to €3,195
- Taxes +€1,313
up €1,313 (+346.0%), from €379 to €1,692
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 | €226,904 | €246,747 | +€19,844 | +8.7% |
| Fixed assets | 21/28 | €107,421 | €86,992 | -€20,429 | -19.0% |
| Tangible fixed assets | 22/27 | €107,407 | €86,978 | -€20,429 | -19.0% |
| Land and buildings | 22 | €76,466 | €68,610 | -€7,856 | -10.3% |
| Plant, machinery and equipment | 23 | €2,455 | €1,624 | -€832 | -33.9% |
| Furniture and vehicles | 24 | €28,486 | €16,745 | -€11,741 | -41.2% |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €119,483 | €159,755 | +€40,272 | +33.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,114 | €1,143 | +€30 | +2.6% |
| Stocks | 30/36 | €1,114 | €1,143 | +€30 | +2.6% |
| Amounts receivable within one year | 40/41 | €14,112 | €19,884 | +€5,772 | +40.9% |
| Trade receivables | 40 | €9,774 | €15,546 | +€5,772 | +59.1% |
| Other amounts receivable | 41 | €4,338 | €4,338 | = | 0.0% |
| Current investments | 50/53 | €78,000 | €50,000 | -€28,000 | -35.9% |
| Cash at bank and in hand | 54/58 | €22,967 | €85,052 | +€62,086 | +270.3% |
| Deferred charges and accrued income | 490/1 | €3,290 | €3,676 | +€385 | +11.7% |
| Total equity and liabilities | 10/49 | €226,904 | €246,747 | +€19,844 | +8.7% |
| Equity | 10/15 | €206,853 | €220,587 | +€13,733 | +6.6% |
| Contributions | 10/11 | €101,715 | €101,715 | = | 0.0% |
| Reserves | 13 | €105,138 | €118,872 | +€13,733 | +13.1% |
| Distributable reserves | 133 | €105,138 | €118,872 | +€13,733 | +13.1% |
| Amounts payable | 17/49 | €20,050 | €26,161 | +€6,110 | +30.5% |
| Amounts payable within one year | 42/48 | €19,910 | €26,161 | +€6,250 | +31.4% |
| Trade debts | 44 | €7,637 | €10,614 | +€2,977 | +39.0% |
| Suppliers | 440/4 | €7,637 | €10,614 | +€2,977 | +39.0% |
| Taxes, remuneration and social security | 45 | €3,441 | €4,268 | +€827 | +24.0% |
| Taxes | 450/3 | €3,441 | €4,268 | +€827 | +24.0% |
| Other amounts payable | 47/48 | €8,832 | €11,279 | +€2,446 | +27.7% |
| Accrued charges and deferred income | 492/3 | €140 | €0 | -€140 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,229 | €20,429 | +€10,200 | +99.7% |
| Other operating charges | 640/8 | €3,828 | €3,867 | +€38 | +1.0% |
| Gross operating margin | 9900 | -€16,692 | €36,995 | +€53,687 | |
| Operating profit (loss) | 9901 | -€30,750 | €12,699 | +€43,449 | |
| Financial income | 75/76B | €790 | €3,195 | +€2,405 | +304.5% |
| Recurring financial income | 75 | €790 | €3,195 | +€2,405 | +304.5% |
| Financial charges | 65/66B | €463 | €468 | +€6 | +1.2% |
| Recurring financial charges | 65 | €463 | €468 | +€6 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,423 | €15,425 | +€45,848 | |
| Income taxes | 67/77 | €379 | €1,692 | +€1,313 | +346.0% |
| Profit (loss) for the period | 9904 | -€30,802 | €13,733 | +€44,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,802 | €13,733 | +€44,535 |
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 4 October 2026 via checked.be.