M.H.B: 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.
M.H.B
Largest movements
- Cash +€21,157
up €21,157 (+223%), from €9,480 to €30,637
mainly Net result for the year (+€74,236) and Depreciation (+€3,698)
- Tangible fixed assets +€4,802
up €4,802 (+78.9%), from €6,086 to €10,888
of which Furniture and vehicles: +€5,346
- Profit (loss) carried forward +€74,236
up €74,236, from -€56,210 to €18,026
- Tax, wage and social debts -€40,213
down €40,213 (-62.7%), from €64,089 to €23,876
of which Taxes: -€23,592
- Other debts -€5,183
down €5,183 (-41.5%), from €12,493 to €7,310
- Trade debts -€2,897
down €2,897 (-18.8%), from €15,446 to €12,549
- Staff costs -€79,647
down €79,647 (-77.5%), from €102,769 to €23,122
- Purchases and services +€16,269
up €16,269 (+32.8%), from €49,608 to €65,877
- Gross operating margin -€9,924
down €9,924 (-8.5%), from €116,867 to €106,943
- Taxes +€4,506
new in 2025: €4,506
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 | €57,015 | €82,958 | +€25,943 | +45.5% |
| Fixed assets | 21/28 | €6,086 | €10,888 | +€4,802 | +78.9% |
| Tangible fixed assets | 22/27 | €6,086 | €10,888 | +€4,802 | +78.9% |
| Plant, machinery and equipment | 23 | €908 | €364 | -€544 | -59.9% |
| Furniture and vehicles | 24 | €5,178 | €10,524 | +€5,346 | +103% |
| Current assets | 29/58 | €50,929 | €72,070 | +€21,141 | +41.5% |
| Amounts receivable within one year | 40/41 | €41,449 | €41,433 | -€16 | 0.0% |
| Trade receivables | 40 | €41,449 | €41,433 | -€16 | 0.0% |
| Cash at bank and in hand | 54/58 | €9,480 | €30,637 | +€21,157 | +223% |
| Total equity and liabilities | 10/49 | €57,015 | €82,958 | +€25,943 | +45.5% |
| Equity | 10/15 | -€35,013 | €39,223 | +€74,236 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €2,597 | €2,597 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,597 | €2,597 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,597 | €2,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,210 | €18,026 | +€74,236 | |
| Amounts payable | 17/49 | €92,028 | €43,735 | -€48,293 | -52.5% |
| Amounts payable within one year | 42/48 | €92,028 | €43,735 | -€48,293 | -52.5% |
| Trade debts | 44 | €15,446 | €12,549 | -€2,897 | -18.8% |
| Suppliers | 440/4 | €15,446 | €12,549 | -€2,897 | -18.8% |
| Taxes, remuneration and social security | 45 | €64,089 | €23,876 | -€40,213 | -62.7% |
| Taxes | 450/3 | €28,500 | €4,908 | -€23,592 | -82.8% |
| Remuneration and social security | 454/9 | €35,589 | €18,968 | -€16,621 | -46.7% |
| Other amounts payable | 47/48 | €12,493 | €7,310 | -€5,183 | -41.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,608 | €65,877 | +€16,269 | +32.8% |
| Remuneration, social security and pensions | 62 | €102,769 | €23,122 | -€79,647 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,392 | €3,698 | +€306 | +9.0% |
| Other operating charges | 640/8 | €274 | €999 | +€725 | +265% |
| Gross operating margin | 9900 | €116,867 | €106,943 | -€9,924 | -8.5% |
| Operating profit (loss) | 9901 | €10,432 | €79,124 | +€68,692 | +658% |
| Financial charges | 65/66B | €92 | €382 | +€290 | +315% |
| Recurring financial charges | 65 | €92 | €382 | +€290 | +315% |
| Profit (loss) for the period before taxes | 9903 | €10,340 | €78,742 | +€68,402 | +662% |
| Income taxes | 67/77 | - | €4,506 | +€4,506 | |
| Profit (loss) for the period | 9904 | €10,340 | €74,236 | +€63,896 | +618% |
| Profit (loss) for the period to be appropriated | 9905 | €10,340 | €74,236 | +€63,896 | +618% |
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 17 October 2026 via checked.be.