MAHJA: 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.
MAHJA
Largest movements
- Stocks and contracts +€23,351
up €23,351 (+69.6%), from €33,549 to €56,900
- Cash -€8,656
down €8,656 (-93.9%), from €9,215 to €560
mainly Stocks and contracts (-€23,351) and Short-term financial debts (-€1,239)
- Reserves +€11,035
up €11,035 (+45.0%), from €24,521 to €35,556
of which Distributable reserves: +€11,035
- Tax, wage and social debts +€4,687
up €4,687 (+318%), from €1,472 to €6,159
- Short-term financial debts -€1,239
no longer reported in 2023 (was €1,239)
- Other operating charges -€4,160
down €4,160 (-68.5%), from €6,070 to €1,910
- Depreciation -€2,444
no longer reported in 2023 (was €2,444)
- Gross operating margin +€1,202
up €1,202 (+9.5%), from €12,690 to €13,893
- Financial charges -€400
down €400 (-46.4%), from €862 to €462
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,715 | €62,410 | +€14,695 | +30.8% |
| Fixed assets | 21/28 | €4,950 | €4,950 | = | 0.0% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €42,765 | €57,460 | +€14,695 | +34.4% |
| Stocks and contracts in progress | 3 | €33,549 | €56,900 | +€23,351 | +69.6% |
| Stocks | 30/36 | €33,549 | €56,900 | +€23,351 | +69.6% |
| Cash at bank and in hand | 54/58 | €9,215 | €560 | -€8,656 | -93.9% |
| Total equity and liabilities | 10/49 | €47,715 | €62,410 | +€14,695 | +30.8% |
| Equity | 10/15 | €44,521 | €55,556 | +€11,035 | +24.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €24,521 | €35,556 | +€11,035 | +45.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €22,521 | €33,556 | +€11,035 | +49.0% |
| Amounts payable | 17/49 | €3,194 | €6,854 | +€3,661 | +115% |
| Amounts payable within one year | 42/48 | €3,194 | €6,854 | +€3,661 | +115% |
| Financial debts | 43 | €1,239 | - | -€1,239 | |
| Credit institutions | 430/8 | €1,239 | - | -€1,239 | |
| Trade debts | 44 | €483 | €497 | +€14 | +3.0% |
| Suppliers | 440/4 | €483 | €497 | +€14 | +3.0% |
| Taxes, remuneration and social security | 45 | €1,472 | €6,159 | +€4,687 | +318% |
| Taxes | 450/3 | €1,472 | €6,159 | +€4,687 | +318% |
| Other amounts payable | 47/48 | - | €198 | +€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,444 | - | -€2,444 | |
| Other operating charges | 640/8 | €6,070 | €1,910 | -€4,160 | -68.5% |
| Gross operating margin | 9900 | €12,690 | €13,893 | +€1,202 | +9.5% |
| Operating profit (loss) | 9901 | €4,176 | €11,983 | +€7,807 | +187% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €862 | €462 | -€400 | -46.4% |
| Recurring financial charges | 65 | €862 | €462 | -€400 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €3,314 | €11,521 | +€8,207 | +248% |
| Income taxes | 67/77 | €570 | €487 | -€83 | -14.6% |
| Profit (loss) for the period | 9904 | €2,744 | €11,035 | +€8,290 | +302% |
| Profit (loss) for the period to be appropriated | 9905 | €2,744 | €11,035 | +€8,290 | +302% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.