Scierie Mahy: what changed
What changed
Scierie Mahy
NACE 16.110, Sawmilling and planing of wood
filed annual accounts (NBB)
Net result for the year
€23,788
2024 · €25,423-€1,635
Equity
€295,281
2024 · €328,493-€33,212
Cash
€226,547
2024 · €207,769+€18,778
Balance sheet total
€316,520
2024 · €346,077-€29,557
Largest movements
Assets
- Stocks and contracts -€39,325
down €39,325 (-37.1%), from €106,050 to €66,725
- Cash +€18,778
up €18,778 (+9.0%), from €207,769 to €226,547
mainly Stocks and contracts (+€39,325) and Net result for the year (+€23,788)
- Receivables within one year -€7,601
down €7,601 (-31.5%), from €24,102 to €16,501
- Financial fixed assets -€4,369
down €4,369 (-69.1%), from €6,322 to €1,953
Equity and liabilities
- Reserves -€33,212
down €33,212 (-10.7%), from €309,893 to €276,681
of which Distributable reserves: -€33,212
Income statement
- Gross operating margin -€3,139
down €3,139 (-4.0%), from €78,912 to €75,774
- Taxes -€2,922
down €2,922 (-19.0%), from €15,399 to €12,478
- Staff costs +€2,629
up €2,629 (+9.3%), from €28,361 to €30,990
- Other operating charges -€2,585
down €2,585 (-21.9%), from €11,789 to €9,204
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.
Result 2024
€25,423
Gross operating margin
-€3,139
Staff costs
-€2,629
Depreciation
-€478
Write-downs
-€714
Other operating charges
+€2,585
Financial income
-€619
Financial charges
+€437
Taxes
+€2,922
Result 2025
€23,788
raises the resultlowers the result
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.
From operations
+€75,479
Investment
+€299
Financing
-€57,000
Cash 2024
€207,769
From operations (derived)
+€75,479
Net result for the year
+€23,788
Depreciation
+€1,110
Stocks and contracts
+€39,325
Receivables within one year
+€7,601
Trade debts
+€2,430
Tax, wage and social debts
+€1,210
Other debts
+€15
Investment (derived)
+€299
Investment in fixed assets (net)
+€299
Financing
-€57,000
Contributions, distributions and other
-€57,000
Cash 2025
€226,547
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,077 | €316,520 | -€29,557 | -8.5% |
| Fixed assets | 21/28 | €8,155 | €6,747 | -€1,409 | -17.3% |
| Tangible fixed assets | 22/27 | €1,834 | €4,794 | +€2,960 | +161% |
| Plant, machinery and equipment | 23 | €1,834 | €3,522 | +€1,688 | +92.1% |
| Furniture and vehicles | 24 | - | €1,272 | +€1,272 | |
| Financial fixed assets | 28 | €6,322 | €1,953 | -€4,369 | -69.1% |
| Current assets | 29/58 | €337,922 | €309,773 | -€28,148 | -8.3% |
| Stocks and contracts in progress | 3 | €106,050 | €66,725 | -€39,325 | -37.1% |
| Stocks | 30/36 | €106,050 | €66,725 | -€39,325 | -37.1% |
| Amounts receivable within one year | 40/41 | €24,102 | €16,501 | -€7,601 | -31.5% |
| Trade receivables | 40 | €24,102 | €16,501 | -€7,601 | -31.5% |
| Cash at bank and in hand | 54/58 | €207,769 | €226,547 | +€18,778 | +9.0% |
| Total equity and liabilities | 10/49 | €346,077 | €316,520 | -€29,557 | -8.5% |
| Equity | 10/15 | €328,493 | €295,281 | -€33,212 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €309,893 | €276,681 | -€33,212 | -10.7% |
| Non-distributable reserves | 130/1 | €36,952 | €36,952 | = | 0.0% |
| Other | 1319 | €36,952 | €36,952 | = | 0.0% |
| Distributable reserves | 133 | €272,941 | €239,729 | -€33,212 | -12.2% |
| Amounts payable | 17/49 | €17,584 | €21,239 | +€3,655 | +20.8% |
| Amounts payable within one year | 42/48 | €17,584 | €21,239 | +€3,655 | +20.8% |
| Trade debts | 44 | €5,145 | €7,576 | +€2,430 | +47.2% |
| Suppliers | 440/4 | €5,145 | €7,576 | +€2,430 | +47.2% |
| Taxes, remuneration and social security | 45 | €12,396 | €13,607 | +€1,210 | +9.8% |
| Taxes | 450/3 | €10,543 | €11,527 | +€985 | +9.3% |
| Remuneration and social security | 454/9 | €1,854 | €2,079 | +€225 | +12.2% |
| Other amounts payable | 47/48 | €42 | €57 | +€15 | +35.4% |
| Remuneration, social security and pensions | 62 | €28,361 | €30,990 | +€2,629 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €1,110 | +€478 | +75.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€714 | - | +€714 | |
| Other operating charges | 640/8 | €11,789 | €9,204 | -€2,585 | -21.9% |
| Gross operating margin | 9900 | €78,912 | €75,774 | -€3,139 | -4.0% |
| Operating profit (loss) | 9901 | €38,845 | €34,470 | -€4,375 | -11.3% |
| Financial income | 75/76B | €3,264 | €2,645 | -€619 | -19.0% |
| Recurring financial income | 75 | €3,264 | €2,645 | -€619 | -19.0% |
| Financial charges | 65/66B | €1,287 | €850 | -€437 | -34.0% |
| Recurring financial charges | 65 | €1,287 | €850 | -€437 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €40,822 | €36,265 | -€4,557 | -11.2% |
| Income taxes | 67/77 | €15,399 | €12,478 | -€2,922 | -19.0% |
| Profit (loss) for the period | 9904 | €25,423 | €23,788 | -€1,635 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,423 | €23,788 | -€1,635 | -6.4% |
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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 5 November 2026 via checked.be.