MAHRIAMED: 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.
MAHRIAMED
Largest movements
- Cash -€14,450
down €14,450 (-55.1%), from €26,233 to €11,783
mainly Tax, wage and social debts (-€20,703) and Investment in fixed assets (net) (-€13,150)
- Tangible fixed assets +€9,996
up €9,996 (+177%), from €5,646 to €15,642
of which Plant, machinery and equipment: +€8,746
- Intangible fixed assets -€3,060
down €3,060 (-11.7%), from €26,193 to €23,133
- Receivables within one year +€1,647
up €1,647 (+6.1%), from €27,197 to €28,844
of which Other amounts receivable: +€8,347
- Tax, wage and social debts -€20,703
down €20,703 (-35.3%), from €58,685 to €37,982
of which Remuneration and social security: -€16,137
- Trade debts +€13,228
up €13,228 (+2,672%), from €495 to €13,723
- Accrued charges and deferred income +€5,467
new in 2025: €5,467
- Profit (loss) carried forward -€2,578
down €2,578 (-20.8%), from €12,366 to €9,788
- Gross operating margin -€31,821
down €31,821 (-24.4%), from €130,453 to €98,632
- Staff costs -€20,259
down €20,259 (-18.5%), from €109,440 to €89,181
- Taxes -€4,089
no longer reported in 2025 (was €4,089)
- Depreciation +€3,216
up €3,216 (+107%), from €2,997 to €6,214
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 | €86,589 | €81,960 | -€4,629 | -5.3% |
| Fixed assets | 21/28 | €31,839 | €38,775 | +€6,936 | +21.8% |
| Intangible fixed assets | 21 | €26,193 | €23,133 | -€3,060 | -11.7% |
| Tangible fixed assets | 22/27 | €5,646 | €15,642 | +€9,996 | +177% |
| Plant, machinery and equipment | 23 | €5,646 | €14,391 | +€8,746 | +155% |
| Furniture and vehicles | 24 | - | €1,251 | +€1,251 | |
| Current assets | 29/58 | €54,750 | €43,185 | -€11,566 | -21.1% |
| Stocks and contracts in progress | 3 | €1,320 | €2,134 | +€814 | +61.6% |
| Stocks | 30/36 | €1,320 | €2,134 | +€814 | +61.6% |
| Amounts receivable within one year | 40/41 | €27,197 | €28,844 | +€1,647 | +6.1% |
| Trade receivables | 40 | €6,700 | - | -€6,700 | |
| Other amounts receivable | 41 | €20,497 | €28,844 | +€8,347 | +40.7% |
| Cash at bank and in hand | 54/58 | €26,233 | €11,783 | -€14,450 | -55.1% |
| Deferred charges and accrued income | 490/1 | - | €423 | +€423 | |
| Total equity and liabilities | 10/49 | €86,589 | €81,960 | -€4,629 | -5.3% |
| Equity | 10/15 | €27,366 | €24,788 | -€2,578 | -9.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,366 | €9,788 | -€2,578 | -20.8% |
| Amounts payable | 17/49 | €59,223 | €57,172 | -€2,051 | -3.5% |
| Amounts payable within one year | 42/48 | €59,223 | €51,705 | -€7,519 | -12.7% |
| Trade debts | 44 | €495 | €13,723 | +€13,228 | +2,672% |
| Suppliers | 440/4 | €495 | €13,723 | +€13,228 | +2,672% |
| Taxes, remuneration and social security | 45 | €58,685 | €37,982 | -€20,703 | -35.3% |
| Taxes | 450/3 | €31,072 | €26,506 | -€4,566 | -14.7% |
| Remuneration and social security | 454/9 | €27,613 | €11,476 | -€16,137 | -58.4% |
| Other amounts payable | 47/48 | €43 | - | -€43 | |
| Accrued charges and deferred income | 492/3 | - | €5,467 | +€5,467 | |
| Remuneration, social security and pensions | 62 | €109,440 | €89,181 | -€20,259 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,997 | €6,214 | +€3,216 | +107% |
| Other operating charges | 640/8 | €2,063 | €1,457 | -€606 | -29.4% |
| Gross operating margin | 9900 | €130,453 | €98,632 | -€31,821 | -24.4% |
| Operating profit (loss) | 9901 | €15,953 | €1,780 | -€14,173 | -88.8% |
| Financial income | 75/76B | €1 | €10 | +€9 | +1,686% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +1,686% |
| Non-recurring financial income | 76B | - | €10 | +€10 | |
| Financial charges | 65/66B | €4,205 | €4,368 | +€163 | +3.9% |
| Recurring financial charges | 65 | €4,205 | €4,368 | +€163 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €11,749 | -€2,578 | -€14,326 | |
| Income taxes | 67/77 | €4,089 | - | -€4,089 | |
| Profit (loss) for the period | 9904 | €7,660 | -€2,578 | -€10,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,660 | -€2,578 | -€10,238 |
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 27 October 2026 via checked.be.