MAHY-BERIOT: what changed
MAHY-BERIOT
Largest movements
- Cash +€59,080
up €59,080 (+176%), from €33,568 to €92,648
mainly Stocks and contracts (+€48,304) and Other debts (+€33,772)
- Stocks and contracts -€48,304
down €48,304 (-70.7%), from €68,358 to €20,054
- Receivables within one year +€2,636
up €2,636 (+22.7%), from €11,612 to €14,248
of which Other amounts receivable: +€1,922
- Other debts +€33,772
up €33,772 (+1,799%), from €1,877 to €35,649
- Profit (loss) carried forward -€28,548
no longer reported in 2025 (was €28,548)
- Trade debts +€20,144
up €20,144 (+43.1%), from €46,777 to €66,921
- Debts after one year -€8,302
no longer reported in 2025 (was €8,302)
- Tax, wage and social debts -€4,587
down €4,587 (-25.2%), from €18,237 to €13,650
of which Taxes: -€2,560
- Staff costs -€46,062
down €46,062 (-24.0%), from €192,086 to €146,024
- Gross operating margin -€33,973
down €33,973 (-17.5%), from €194,250 to €160,276
- Taxes +€2,584
up €2,584 (+430%), from €601 to €3,184
- Financial charges +€2,169
up €2,169 (+90.0%), from €2,409 to €4,579
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,889 | €128,522 | +€12,633 | +10.9% |
| Fixed assets | 21/28 | €2,351 | €1,573 | -€779 | -33.1% |
| Tangible fixed assets | 22/27 | €1,947 | €1,169 | -€779 | -40.0% |
| Furniture and vehicles | 24 | €1,947 | €1,169 | -€779 | -40.0% |
| Financial fixed assets | 28 | €404 | €404 | = | 0.0% |
| Current assets | 29/58 | €113,538 | €126,950 | +€13,412 | +11.8% |
| Stocks and contracts in progress | 3 | €68,358 | €20,054 | -€48,304 | -70.7% |
| Stocks | 30/36 | €68,358 | €20,054 | -€48,304 | -70.7% |
| Amounts receivable within one year | 40/41 | €11,612 | €14,248 | +€2,636 | +22.7% |
| Trade receivables | 40 | €6,146 | €6,861 | +€715 | +11.6% |
| Other amounts receivable | 41 | €5,466 | €7,387 | +€1,922 | +35.2% |
| Cash at bank and in hand | 54/58 | €33,568 | €92,648 | +€59,080 | +176% |
| Total equity and liabilities | 10/49 | €115,889 | €128,522 | +€12,633 | +10.9% |
| Equity | 10/15 | €32,548 | €4,000 | -€28,548 | -87.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,548 | - | -€28,548 | |
| Amounts payable | 17/49 | €83,340 | €124,522 | +€41,182 | +49.4% |
| Amounts payable after more than one year | 17 | €8,302 | - | -€8,302 | |
| Financial debts | 170/4 | €8,302 | - | -€8,302 | |
| Amounts payable within one year | 42/48 | €75,039 | €124,522 | +€49,484 | +65.9% |
| Current portion of amounts payable after more than one year | 42 | €8,148 | €8,302 | +€154 | +1.9% |
| Trade debts | 44 | €46,777 | €66,921 | +€20,144 | +43.1% |
| Suppliers | 440/4 | €46,777 | €66,921 | +€20,144 | +43.1% |
| Taxes, remuneration and social security | 45 | €18,237 | €13,650 | -€4,587 | -25.2% |
| Taxes | 450/3 | €3,010 | €450 | -€2,560 | -85.0% |
| Remuneration and social security | 454/9 | €15,227 | €13,200 | -€2,027 | -13.3% |
| Other amounts payable | 47/48 | €1,877 | €35,649 | +€33,772 | +1,799% |
| Remuneration, social security and pensions | 62 | €192,086 | €146,024 | -€46,062 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,312 | €779 | -€533 | -40.6% |
| Other operating charges | 640/8 | €1,915 | €1,313 | -€601 | -31.4% |
| Non-recurring operating charges | 66A | €376 | - | -€376 | |
| Gross operating margin | 9900 | €194,250 | €160,276 | -€33,973 | -17.5% |
| Operating profit (loss) | 9901 | -€1,439 | €12,161 | +€13,599 | |
| Financial income | 75/76B | €10 | €2 | -€8 | -80.9% |
| Recurring financial income | 75 | €10 | €2 | -€8 | -80.9% |
| Financial charges | 65/66B | €2,409 | €4,579 | +€2,169 | +90.0% |
| Recurring financial charges | 65 | €2,409 | €4,579 | +€2,169 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,838 | €7,584 | +€11,422 | |
| Income taxes | 67/77 | €601 | €3,184 | +€2,584 | +430% |
| Profit (loss) for the period | 9904 | -€4,439 | €4,399 | +€8,838 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,439 | €4,399 | +€8,838 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.