Mahoma: 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.
Mahoma
Largest movements
- Intangible fixed assets -€521
down €521 (-40.2%), from €1,295 to €774
- Tangible fixed assets -€495
down €495 (-31.1%), from €1,590 to €1,095
- Formation expenses -€484
down €484 (-45.1%), from €1,073 to €588
- Stocks and contracts -€405
down €405 (-79.3%), from €511 to €106
- Cash +€363
up €363 (+294%), from €124 to €487
mainly Depreciation (+€1,501) and Stocks and contracts (+€405)
- Trade debts -€1,870
down €1,870 (-45.7%), from €4,091 to €2,221
- Tax, wage and social debts +€297
up €297 (+46.0%), from €646 to €942
- Other debts +€157
up €157, from €0 to €157
- Profit (loss) carried forward +€151
up €151 (+13.8%), from €1,099 to €1,250
- Current portion of long-term debt -€138
down €138 (-86.4%), from €160 to €22
- Gross operating margin -€1,324
down €1,324 (-34.3%), from €3,857 to €2,533
- Taxes -€324
down €324 (-54.0%), from €600 to €276
- Financial charges -€76
down €76 (-31.8%), from €240 to €164
- Other operating charges +€74
up €74 (+12.3%), from €603 to €677
- Financial income +€66
up €66 (+38.9%), from €169 to €235
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 | €11,995 | €10,592 | -€1,403 | -11.7% |
| Formation expenses | 20 | €1,073 | €588 | -€484 | -45.1% |
| Fixed assets | 21/28 | €2,885 | €1,869 | -€1,016 | -35.2% |
| Intangible fixed assets | 21 | €1,295 | €774 | -€521 | -40.2% |
| Tangible fixed assets | 22/27 | €1,590 | €1,095 | -€495 | -31.1% |
| Land and buildings | 22 | €1,590 | €1,095 | -€495 | -31.1% |
| Current assets | 29/58 | €8,038 | €8,135 | +€98 | +1.2% |
| Stocks and contracts in progress | 3 | €511 | €106 | -€405 | -79.3% |
| Stocks | 30/36 | €511 | €106 | -€405 | -79.3% |
| Amounts receivable within one year | 40/41 | €7,370 | €7,508 | +€138 | +1.9% |
| Trade receivables | 40 | €0 | €3,257 | +€3,257 | |
| Other amounts receivable | 41 | €7,370 | €4,251 | -€3,120 | -42.3% |
| Cash at bank and in hand | 54/58 | €124 | €487 | +€363 | +294% |
| Deferred charges and accrued income | 490/1 | €33 | €35 | +€2 | +5.0% |
| Total equity and liabilities | 10/49 | €11,995 | €10,592 | -€1,403 | -11.7% |
| Equity | 10/15 | €7,099 | €7,250 | +€151 | +2.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,099 | €1,250 | +€151 | +13.8% |
| Amounts payable | 17/49 | €4,896 | €3,342 | -€1,554 | -31.7% |
| Amounts payable within one year | 42/48 | €4,896 | €3,342 | -€1,554 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €160 | €22 | -€138 | -86.4% |
| Trade debts | 44 | €4,091 | €2,221 | -€1,870 | -45.7% |
| Suppliers | 440/4 | €4,091 | €2,221 | -€1,870 | -45.7% |
| Taxes, remuneration and social security | 45 | €646 | €942 | +€297 | +46.0% |
| Taxes | 450/3 | €646 | €942 | +€297 | +46.0% |
| Other amounts payable | 47/48 | €0 | €157 | +€157 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,501 | €1,501 | -€0 | 0.0% |
| Other operating charges | 640/8 | €603 | €677 | +€74 | +12.3% |
| Gross operating margin | 9900 | €3,857 | €2,533 | -€1,324 | -34.3% |
| Operating profit (loss) | 9901 | €1,754 | €356 | -€1,398 | -79.7% |
| Financial income | 75/76B | €169 | €235 | +€66 | +38.9% |
| Recurring financial income | 75 | €169 | €235 | +€66 | +38.9% |
| Financial charges | 65/66B | €240 | €164 | -€76 | -31.8% |
| Recurring financial charges | 65 | €240 | €164 | -€76 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €1,683 | €427 | -€1,256 | -74.6% |
| Income taxes | 67/77 | €600 | €276 | -€324 | -54.0% |
| Profit (loss) for the period | 9904 | €1,083 | €151 | -€932 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,083 | €151 | -€932 | -86.0% |
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 19 October 2026 via checked.be.