MAHOGAN MGMT: 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.
MAHOGAN MGMT
Largest movements
- Cash +€18,285
up €18,285 (+272%), from €6,723 to €25,008
mainly Trade debts (+€26,928) and Depreciation (+€1,474)
- Receivables within one year +€4,142
up €4,142 (+13.7%), from €30,250 to €34,392
of which Other amounts receivable: +€30,643
- Trade debts +€26,928
up €26,928 (+2,101%), from €1,282 to €28,210
- Tax, wage and social debts -€3,750
down €3,750 (-21.6%), from €17,337 to €13,588
- Profit (loss) carried forward -€997
down €997, from €96 to -€901
- Gross operating margin -€29,020
down €29,020 (-89.5%), from €32,408 to €3,388
- Taxes -€5,686
down €5,686 (-77.0%), from €7,381 to €1,695
- Financial charges -€892
down €892 (-68.4%), from €1,304 to €412
- Other operating charges -€874
down €874 (-51.3%), from €1,704 to €830
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 | €45,090 | €67,271 | +€22,181 | +49.2% |
| Fixed assets | 21/28 | €1,829 | €1,575 | -€254 | -13.9% |
| Tangible fixed assets | 22/27 | €1,829 | €1,575 | -€254 | -13.9% |
| Furniture and vehicles | 24 | €1,829 | €1,575 | -€254 | -13.9% |
| Current assets | 29/58 | €43,261 | €65,695 | +€22,435 | +51.9% |
| Amounts receivable after more than one year | 29 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 291 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,250 | €34,392 | +€4,142 | +13.7% |
| Trade receivables | 40 | €30,250 | €3,749 | -€26,501 | -87.6% |
| Other amounts receivable | 41 | - | €30,643 | +€30,643 | |
| Cash at bank and in hand | 54/58 | €6,723 | €25,008 | +€18,285 | +272% |
| Deferred charges and accrued income | 490/1 | €288 | €295 | +€7 | +2.4% |
| Total equity and liabilities | 10/49 | €45,090 | €67,271 | +€22,181 | +49.2% |
| Equity | 10/15 | €20,096 | €19,099 | -€997 | -5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96 | -€901 | -€997 | |
| Amounts payable | 17/49 | €24,994 | €48,172 | +€23,178 | +92.7% |
| Amounts payable within one year | 42/48 | €24,994 | €48,172 | +€23,178 | +92.7% |
| Trade debts | 44 | €1,282 | €28,210 | +€26,928 | +2,101% |
| Suppliers | 440/4 | €1,282 | €28,210 | +€26,928 | +2,101% |
| Taxes, remuneration and social security | 45 | €17,337 | €13,588 | -€3,750 | -21.6% |
| Taxes | 450/3 | €17,337 | €13,588 | -€3,750 | -21.6% |
| Other amounts payable | 47/48 | €6,375 | €6,375 | = | 0.0% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161 | €1,474 | +€313 | +27.0% |
| Other operating charges | 640/8 | €1,704 | €830 | -€874 | -51.3% |
| Gross operating margin | 9900 | €32,408 | €3,388 | -€29,020 | -89.5% |
| Operating profit (loss) | 9901 | €29,543 | €1,083 | -€28,460 | -96.3% |
| Financial income | 75/76B | €0 | €27 | +€27 | +89,600% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +89,600% |
| Financial charges | 65/66B | €1,304 | €412 | -€892 | -68.4% |
| Recurring financial charges | 65 | €1,304 | €412 | -€892 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €28,239 | €698 | -€27,541 | -97.5% |
| Income taxes | 67/77 | €7,381 | €1,695 | -€5,686 | -77.0% |
| Profit (loss) for the period | 9904 | €20,858 | -€997 | -€21,855 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,858 | -€997 | -€21,855 |
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 24 October 2026 via checked.be.