MAHSSA IMMO: 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.
MAHSSA IMMO
Largest movements
- Tangible fixed assets +€50,894
up €50,894 (+2,500%), from €2,036 to €52,929
- Cash -€6,128
down €6,128 (-5.8%), from €105,060 to €98,932
mainly Contributions, distributions and other (-€105,000) and Investment in fixed assets (net) (-€59,239)
- Receivables within one year +€4,006
up €4,006 (+17.1%), from €23,460 to €27,466
of which Other amounts receivable: +€3,092
- Other debts +€64,699
up €64,699 (+146%), from €44,223 to €108,922
- Profit (loss) carried forward -€49,748
down €49,748 (-99.2%), from €50,157 to €409
- Debts after one year +€37,936
new in 2025: €37,936
- Current portion of long-term debt +€10,046
new in 2025: €10,046
- Tax, wage and social debts -€7,265
down €7,265 (-44.8%), from €16,234 to €8,969
of which Taxes: -€10,505
- Depreciation +€4,907
up €4,907 (+182%), from €2,698 to €7,605
- Taxes +€4,185
up €4,185 (+39.0%), from €10,723 to €14,908
- Staff costs +€3,019
new in 2025: €3,019
- Gross operating margin +€1,468
up €1,468 (+1.8%), from €81,177 to €82,646
- Financial charges +€967
up €967 (+203%), from €476 to €1,443
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 | €133,193 | €183,621 | +€50,429 | +37.9% |
| Fixed assets | 21/28 | €3,339 | €54,973 | +€51,634 | +1,546% |
| Intangible fixed assets | 21 | €1,303 | €843 | -€460 | -35.3% |
| Tangible fixed assets | 22/27 | €2,036 | €52,929 | +€50,894 | +2,500% |
| Furniture and vehicles | 24 | €2,036 | €52,929 | +€50,894 | +2,500% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €129,853 | €128,649 | -€1,205 | -0.9% |
| Amounts receivable within one year | 40/41 | €23,460 | €27,466 | +€4,006 | +17.1% |
| Trade receivables | 40 | €19,060 | €19,974 | +€913 | +4.8% |
| Other amounts receivable | 41 | €4,400 | €7,492 | +€3,092 | +70.3% |
| Cash at bank and in hand | 54/58 | €105,060 | €98,932 | -€6,128 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,333 | €2,251 | +€918 | +68.9% |
| Total equity and liabilities | 10/49 | €133,193 | €183,621 | +€50,429 | +37.9% |
| Equity | 10/15 | €52,157 | €2,409 | -€49,748 | -95.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,157 | €409 | -€49,748 | -99.2% |
| Amounts payable | 17/49 | €81,036 | €181,213 | +€100,177 | +124% |
| Amounts payable after more than one year | 17 | - | €37,936 | +€37,936 | |
| Financial debts | 170/4 | - | €37,936 | +€37,936 | |
| Amounts payable within one year | 42/48 | €81,036 | €143,277 | +€62,241 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,046 | +€10,046 | |
| Trade debts | 44 | €20,579 | €15,340 | -€5,239 | -25.5% |
| Suppliers | 440/4 | €20,579 | €15,340 | -€5,239 | -25.5% |
| Taxes, remuneration and social security | 45 | €16,234 | €8,969 | -€7,265 | -44.8% |
| Taxes | 450/3 | €16,234 | €5,729 | -€10,505 | -64.7% |
| Remuneration and social security | 454/9 | - | €3,240 | +€3,240 | |
| Other amounts payable | 47/48 | €44,223 | €108,922 | +€64,699 | +146% |
| Remuneration, social security and pensions | 62 | - | €3,019 | +€3,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,698 | €7,605 | +€4,907 | +182% |
| Other operating charges | 640/8 | €240 | €421 | +€182 | +75.7% |
| Gross operating margin | 9900 | €81,177 | €82,646 | +€1,468 | +1.8% |
| Operating profit (loss) | 9901 | €78,239 | €71,600 | -€6,639 | -8.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +875% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +875% |
| Financial charges | 65/66B | €476 | €1,443 | +€967 | +203% |
| Recurring financial charges | 65 | €476 | €1,443 | +€967 | +203% |
| Profit (loss) for the period before taxes | 9903 | €77,763 | €70,160 | -€7,604 | -9.8% |
| Income taxes | 67/77 | €10,723 | €14,908 | +€4,185 | +39.0% |
| Profit (loss) for the period | 9904 | €67,040 | €55,252 | -€11,789 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,040 | €55,252 | -€11,789 | -17.6% |
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 14 October 2026 via checked.be.