M.H. CONCEPT: 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. CONCEPT
Largest movements
- Receivables within one year -€30,028
down €30,028 (-31.9%), from €94,070 to €64,042
of which Trade receivables: -€38,221
- Stocks and contracts +€19,069
up €19,069 (+867%), from €2,200 to €21,269
- Tangible fixed assets -€5,437
down €5,437 (-28.8%), from €18,889 to €13,452
of which Furniture and vehicles: -€4,045
- Deferred charges and accrued income +€4,863
up €4,863 (+973%), from €500 to €5,363
- Profit (loss) carried forward -€17,561
down €17,561 (-55.3%), from €31,763 to €14,202
- Advances received +€8,981
up €8,981 (+132%), from €6,819 to €15,800
- Other debts -€8,278
down €8,278 (-39.7%), from €20,837 to €12,559
- Trade debts +€7,078
up €7,078 (+42.6%), from €16,634 to €23,713
- Debts after one year -€4,755
down €4,755 (-48.7%), from €9,770 to €5,016
- Gross operating margin -€63,201
down €63,201, from €55,583 to -€7,618
- Taxes -€3,536
down €3,536 (-91.8%), from €3,853 to €317
- Depreciation -€2,209
down €2,209 (-26.9%), from €8,219 to €6,010
- Financial charges -€1,195
down €1,195 (-60.4%), from €1,979 to €784
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 | €155,166 | €142,751 | -€12,415 | -8.0% |
| Fixed assets | 21/28 | €20,063 | €14,626 | -€5,437 | -27.1% |
| Tangible fixed assets | 22/27 | €18,889 | €13,452 | -€5,437 | -28.8% |
| Plant, machinery and equipment | 23 | €5,750 | €4,358 | -€1,391 | -24.2% |
| Furniture and vehicles | 24 | €13,139 | €9,094 | -€4,045 | -30.8% |
| Financial fixed assets | 28 | €1,174 | €1,174 | = | 0.0% |
| Current assets | 29/58 | €135,103 | €128,125 | -€6,978 | -5.2% |
| Stocks and contracts in progress | 3 | €2,200 | €21,269 | +€19,069 | +867% |
| Stocks | 30/36 | €2,200 | €21,269 | +€19,069 | +867% |
| Amounts receivable within one year | 40/41 | €94,070 | €64,042 | -€30,028 | -31.9% |
| Trade receivables | 40 | €91,881 | €53,659 | -€38,221 | -41.6% |
| Other amounts receivable | 41 | €2,190 | €10,383 | +€8,193 | +374% |
| Cash at bank and in hand | 54/58 | €38,332 | €37,451 | -€881 | -2.3% |
| Deferred charges and accrued income | 490/1 | €500 | €5,363 | +€4,863 | +973% |
| Total equity and liabilities | 10/49 | €155,166 | €142,751 | -€12,415 | -8.0% |
| Equity | 10/15 | €90,745 | €73,184 | -€17,561 | -19.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €40,390 | €40,390 | = | 0.0% |
| Distributable reserves | 133 | €40,390 | €40,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,763 | €14,202 | -€17,561 | -55.3% |
| Amounts payable | 17/49 | €64,421 | €69,567 | +€5,147 | +8.0% |
| Amounts payable after more than one year | 17 | €9,770 | €5,016 | -€4,755 | -48.7% |
| Financial debts | 170/4 | €9,770 | €5,016 | -€4,755 | -48.7% |
| Amounts payable within one year | 42/48 | €54,650 | €64,137 | +€9,486 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €4,507 | €4,755 | +€247 | +5.5% |
| Trade debts | 44 | €16,634 | €23,713 | +€7,078 | +42.6% |
| Suppliers | 440/4 | €16,634 | €23,713 | +€7,078 | +42.6% |
| Advances received on contracts in progress | 46 | €6,819 | €15,800 | +€8,981 | +132% |
| Taxes, remuneration and social security | 45 | €5,853 | €7,311 | +€1,458 | +24.9% |
| Taxes | 450/3 | €3,853 | €4,471 | +€618 | +16.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,840 | +€840 | +42.0% |
| Other amounts payable | 47/48 | €20,837 | €12,559 | -€8,278 | -39.7% |
| Accrued charges and deferred income | 492/3 | - | €415 | +€415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,219 | €6,010 | -€2,209 | -26.9% |
| Other operating charges | 640/8 | €3,001 | €2,948 | -€53 | -1.8% |
| Gross operating margin | 9900 | €55,583 | -€7,618 | -€63,201 | |
| Operating profit (loss) | 9901 | €44,363 | -€16,576 | -€60,939 | |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €1,979 | €784 | -€1,195 | -60.4% |
| Recurring financial charges | 65 | €1,979 | €784 | -€1,195 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €42,384 | -€17,244 | -€59,629 | |
| Income taxes | 67/77 | €3,853 | €317 | -€3,536 | -91.8% |
| Profit (loss) for the period | 9904 | €38,531 | -€17,561 | -€56,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,531 | -€17,561 | -€56,092 |
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 14 October 2026 via checked.be.