H & MO PARTNERS: 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.
H & MO PARTNERS
Largest movements
- Tangible fixed assets -€4,654
down €4,654 (-57.7%), from €8,060 to €3,406
- Receivables within one year -€2,994
down €2,994 (-8.4%), from €35,600 to €32,606
of which Trade receivables: -€13,120
- Cash -€1,445
down €1,445 (-10.7%), from €13,468 to €12,023
mainly Net result for the year (-€14,284) and Debts after one year (-€2,787)
- Profit (loss) carried forward -€14,284
down €14,284 (-49.7%), from €28,735 to €14,450
- Advances received +€5,421
new in 2025: €5,421
- Trade debts +€3,199
up €3,199 (+106%), from €3,026 to €6,225
- Debts after one year -€2,787
no longer reported in 2025 (was €2,787)
- Current portion of long-term debt -€1,436
down €1,436 (-36.6%), from €3,919 to €2,483
- Gross operating margin -€7,780
down €7,780 (-11,338%), from -€69 to -€7,849
- Other operating charges +€387
up €387 (+40.0%), from €968 to €1,355
- Financial charges +€255
up €255 (+149%), from €171 to €426
- Depreciation +€128
up €128 (+2.8%), from €4,526 to €4,654
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 | €57,128 | €48,369 | -€8,759 | -15.3% |
| Fixed assets | 21/28 | €8,060 | €3,406 | -€4,654 | -57.7% |
| Tangible fixed assets | 22/27 | €8,060 | €3,406 | -€4,654 | -57.7% |
| Furniture and vehicles | 24 | €8,060 | €3,406 | -€4,654 | -57.7% |
| Current assets | 29/58 | €49,068 | €44,964 | -€4,105 | -8.4% |
| Amounts receivable within one year | 40/41 | €35,600 | €32,606 | -€2,994 | -8.4% |
| Trade receivables | 40 | €22,552 | €9,431 | -€13,120 | -58.2% |
| Other amounts receivable | 41 | €13,048 | €23,175 | +€10,127 | +77.6% |
| Cash at bank and in hand | 54/58 | €13,468 | €12,023 | -€1,445 | -10.7% |
| Deferred charges and accrued income | 490/1 | - | €335 | +€335 | |
| Total equity and liabilities | 10/49 | €57,128 | €48,369 | -€8,759 | -15.3% |
| Equity | 10/15 | €47,396 | €33,112 | -€14,284 | -30.1% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Reserves | 13 | €262 | €262 | = | 0.0% |
| Non-distributable reserves | 130/1 | €262 | €262 | = | 0.0% |
| Other | 1319 | €262 | €262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,735 | €14,450 | -€14,284 | -49.7% |
| Amounts payable | 17/49 | €9,732 | €15,257 | +€5,526 | +56.8% |
| Amounts payable after more than one year | 17 | €2,787 | - | -€2,787 | |
| Financial debts | 170/4 | €2,787 | - | -€2,787 | |
| Amounts payable within one year | 42/48 | €6,945 | €15,257 | +€8,313 | +120% |
| Current portion of amounts payable after more than one year | 42 | €3,919 | €2,483 | -€1,436 | -36.6% |
| Trade debts | 44 | €3,026 | €6,225 | +€3,199 | +106% |
| Suppliers | 440/4 | €3,026 | €6,225 | +€3,199 | +106% |
| Advances received on contracts in progress | 46 | - | €5,421 | +€5,421 | |
| Other amounts payable | 47/48 | - | €1,128 | +€1,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,526 | €4,654 | +€128 | +2.8% |
| Other operating charges | 640/8 | €968 | €1,355 | +€387 | +40.0% |
| Gross operating margin | 9900 | -€69 | -€7,849 | -€7,780 | -11,338% |
| Operating profit (loss) | 9901 | -€5,563 | -€13,859 | -€8,296 | -149% |
| Financial charges | 65/66B | €171 | €426 | +€255 | +149% |
| Recurring financial charges | 65 | €171 | €426 | +€255 | +149% |
| Profit (loss) for the period before taxes | 9903 | -€5,734 | -€14,284 | -€8,551 | -149% |
| Profit (loss) for the period | 9904 | -€5,734 | -€14,284 | -€8,551 | -149% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,734 | -€14,284 | -€8,551 | -149% |
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 16 October 2026 via checked.be.