MANAGEMENT MAHIEU: what changed
MANAGEMENT MAHIEU
Largest movements
- Cash -€66,884
down €66,884 (-10.1%), from €659,998 to €593,114
mainly Net result for the year (-€52,162) and Tax, wage and social debts (-€20,421)
- Profit (loss) carried forward -€52,162
new in 2025: -€52,162
- Tax, wage and social debts -€20,421
down €20,421 (-65.9%), from €30,972 to €10,552
of which Taxes: -€20,421
- Gross operating margin -€100,102
down €100,102, from €46,707 to -€53,395
- Taxes -€16,616
down €16,616 (-96.9%), from €17,155 to €538
- Financial income -€14,424
down €14,424 (-88.9%), from €16,219 to €1,795
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 | €663,411 | €597,126 | -€66,286 | -10.0% |
| Current assets | 29/58 | €663,411 | €597,126 | -€66,286 | -10.0% |
| Amounts receivable within one year | 40/41 | €3,413 | €4,011 | +€598 | +17.5% |
| Other amounts receivable | 41 | €3,413 | €4,011 | +€598 | +17.5% |
| Cash at bank and in hand | 54/58 | €659,998 | €593,114 | -€66,884 | -10.1% |
| Total equity and liabilities | 10/49 | €663,411 | €597,126 | -€66,286 | -10.0% |
| Equity | 10/15 | €622,390 | €570,228 | -€52,162 | -8.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €621,390 | €621,390 | = | 0.0% |
| Distributable reserves | 133 | €621,390 | €621,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€52,162 | -€52,162 | |
| Amounts payable | 17/49 | €41,021 | €26,898 | -€14,123 | -34.4% |
| Amounts payable within one year | 42/48 | €41,021 | €26,898 | -€14,123 | -34.4% |
| Taxes, remuneration and social security | 45 | €30,972 | €10,552 | -€20,421 | -65.9% |
| Taxes | 450/3 | €20,421 | - | -€20,421 | |
| Remuneration and social security | 454/9 | €10,552 | €10,552 | = | 0.0% |
| Other amounts payable | 47/48 | €10,048 | €16,346 | +€6,297 | +62.7% |
| Gross operating margin | 9900 | €46,707 | -€53,395 | -€100,102 | |
| Operating profit (loss) | 9901 | €46,707 | -€53,395 | -€100,102 | |
| Financial income | 75/76B | €16,219 | €1,795 | -€14,424 | -88.9% |
| Recurring financial income | 75 | €16,219 | €1,795 | -€14,424 | -88.9% |
| Financial charges | 65/66B | €24 | €24 | -€0 | -0.6% |
| Recurring financial charges | 65 | €24 | €24 | -€0 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €62,901 | -€51,624 | -€114,525 | |
| Income taxes | 67/77 | €17,155 | €538 | -€16,616 | -96.9% |
| Profit (loss) for the period | 9904 | €45,746 | -€52,162 | -€97,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,746 | -€52,162 | -€97,909 |
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 4 November 2026 via checked.be.