MAHOO: what changed
Two fiscal 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.
MAHOO
Largest movements
- Receivables after one year +€6,000
up €6,000 (+6.0%), from €100,000 to €106,000
- Tangible fixed assets +€5,085
up €5,085 (+85.4%), from €5,952 to €11,037
of which Plant, machinery and equipment: +€3,351
- Cash -€3,244
down €3,244 (-4.3%), from €74,656 to €71,412
mainly Other debts (-€62,541) and Investment in fixed assets (net) (-€7,511)
- Other debts -€62,541
down €62,541 (-65.9%), from €94,938 to €32,397
- Profit (loss) carried forward +€61,261
up €61,261 (+76.1%), from €80,503 to €141,763
- Tax, wage and social debts +€11,442
up €11,442 (+42.1%), from €27,212 to €38,654
of which Taxes: +€16,502
- Gross operating margin +€6,608
up €6,608 (+9.4%), from €70,025 to €76,632
- Depreciation +€1,153
up €1,153 (+90.5%), from €1,273 to €2,426
- Taxes +€1,126
up €1,126 (+7.2%), from €15,529 to €16,655
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.
Cash bridge derived
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 | €207,193 | €217,639 | +€10,446 | +5.0% |
| Fixed assets | 21/28 | €5,952 | €11,037 | +€5,085 | +85.4% |
| Tangible fixed assets | 22/27 | €5,952 | €11,037 | +€5,085 | +85.4% |
| Land and buildings | 22 | - | €2,940 | +€2,940 | |
| Plant, machinery and equipment | 23 | €1,990 | €5,342 | +€3,351 | +168.4% |
| Furniture and vehicles | 24 | €3,962 | €2,755 | -€1,206 | -30.5% |
| Current assets | 29/58 | €201,241 | €206,602 | +€5,361 | +2.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €106,000 | +€6,000 | +6.0% |
| Other amounts receivable | 291 | €100,000 | €106,000 | +€6,000 | +6.0% |
| Amounts receivable within one year | 40/41 | €19,953 | €21,905 | +€1,952 | +9.8% |
| Trade receivables | 40 | €19,953 | €21,905 | +€1,952 | +9.8% |
| Cash at bank and in hand | 54/58 | €74,656 | €71,412 | -€3,244 | -4.3% |
| Deferred charges and accrued income | 490/1 | €6,632 | €7,285 | +€653 | +9.8% |
| Total equity and liabilities | 10/49 | €207,193 | €217,639 | +€10,446 | +5.0% |
| Equity | 10/15 | €83,503 | €144,763 | +€61,261 | +73.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,503 | €141,763 | +€61,261 | +76.1% |
| Amounts payable | 17/49 | €123,690 | €72,875 | -€50,815 | -41.1% |
| Amounts payable within one year | 42/48 | €123,690 | €72,875 | -€50,815 | -41.1% |
| Trade debts | 44 | €1,541 | €1,825 | +€284 | +18.4% |
| Suppliers | 440/4 | €1,541 | €1,825 | +€284 | +18.4% |
| Taxes, remuneration and social security | 45 | €27,212 | €38,654 | +€11,442 | +42.1% |
| Taxes | 450/3 | €22,152 | €38,654 | +€16,502 | +74.5% |
| Remuneration and social security | 454/9 | €5,060 | €0 | -€5,060 | -100.0% |
| Other amounts payable | 47/48 | €94,938 | €32,397 | -€62,541 | -65.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,273 | €2,426 | +€1,153 | +90.5% |
| Other operating charges | 640/8 | €164 | €166 | +€2 | +1.2% |
| Gross operating margin | 9900 | €70,025 | €76,632 | +€6,608 | +9.4% |
| Operating profit (loss) | 9901 | €68,587 | €74,040 | +€5,453 | +8.0% |
| Financial income | 75/76B | €6,000 | €6,360 | +€360 | +6.0% |
| Recurring financial income | 75 | €6,000 | €6,360 | +€360 | +6.0% |
| Financial charges | 65/66B | €2,639 | €2,484 | -€155 | -5.9% |
| Recurring financial charges | 65 | €2,639 | €2,484 | -€155 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €71,948 | €77,916 | +€5,968 | +8.3% |
| Income taxes | 67/77 | €15,529 | €16,655 | +€1,126 | +7.2% |
| Profit (loss) for the period | 9904 | €56,418 | €61,261 | +€4,842 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,418 | €61,261 | +€4,842 | +8.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.