M& H CONSULTANCY: 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 CONSULTANCY
Largest movements
- Receivables within one year +€7,793
up €7,793 (+152%), from €5,118 to €12,911
of which Trade receivables: +€9,011
- Cash +€3,003
up €3,003 (+357%), from €841 to €3,844
mainly Net result for the year (+€9,474) and Tax, wage and social debts (+€3,685)
- Deferred charges and accrued income -€500
down €500 (-54.4%), from €920 to €420
- Tangible fixed assets -€365
down €365 (-17.0%), from €2,151 to €1,786
of which Furniture and vehicles: -€365
- Reserves +€8,433
new in 2025: €8,433
- Tax, wage and social debts +€3,685
new in 2025: €3,685
- Accrued charges and deferred income -€3,500
down €3,500 (-100%), from €3,500 to €0
- Profit (loss) carried forward +€1,041
up €1,041, from -€1,041 to €0
- Trade debts +€272
up €272 (+73.2%), from €371 to €643
- Gross operating margin +€10,906
up €10,906 (+306%), from €3,560 to €14,466
- Taxes +€4,158
new in 2025: €4,158
- Depreciation -€186
down €186 (-33.7%), from €551 to €365
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 | €9,030 | €18,961 | +€9,931 | +110% |
| Fixed assets | 21/28 | €2,151 | €1,786 | -€365 | -17.0% |
| Tangible fixed assets | 22/27 | €2,151 | €1,786 | -€365 | -17.0% |
| Furniture and vehicles | 24 | €365 | €0 | -€365 | -100% |
| Other tangible fixed assets | 26 | €1,786 | €1,786 | = | 0.0% |
| Current assets | 29/58 | €6,879 | €17,175 | +€10,296 | +150% |
| Amounts receivable within one year | 40/41 | €5,118 | €12,911 | +€7,793 | +152% |
| Trade receivables | 40 | €0 | €9,011 | +€9,011 | |
| Other amounts receivable | 41 | €5,118 | €3,900 | -€1,218 | -23.8% |
| Cash at bank and in hand | 54/58 | €841 | €3,844 | +€3,003 | +357% |
| Deferred charges and accrued income | 490/1 | €920 | €420 | -€500 | -54.4% |
| Total equity and liabilities | 10/49 | €9,030 | €18,961 | +€9,931 | +110% |
| Equity | 10/15 | €5,159 | €14,633 | +€9,474 | +184% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €8,433 | +€8,433 | |
| Distributable reserves | 133 | - | €8,433 | +€8,433 | |
| Profit (loss) carried forward | 14 | -€1,041 | €0 | +€1,041 | |
| Amounts payable | 17/49 | €3,871 | €4,328 | +€457 | +11.8% |
| Amounts payable within one year | 42/48 | €371 | €4,328 | +€3,957 | +1,067% |
| Trade debts | 44 | €371 | €643 | +€272 | +73.2% |
| Suppliers | 440/4 | €371 | €643 | +€272 | +73.2% |
| Taxes, remuneration and social security | 45 | - | €3,685 | +€3,685 | |
| Taxes | 450/3 | - | €3,685 | +€3,685 | |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551 | €365 | -€186 | -33.7% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €3,560 | €14,466 | +€10,906 | +306% |
| Operating profit (loss) | 9901 | €2,496 | €13,573 | +€11,077 | +444% |
| Financial income | 75/76B | €170 | €250 | +€80 | +47.4% |
| Recurring financial income | 75 | €170 | €250 | +€80 | +47.4% |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.0% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €2,504 | €13,633 | +€11,129 | +444% |
| Income taxes | 67/77 | - | €4,158 | +€4,158 | |
| Profit (loss) for the period | 9904 | €2,504 | €9,474 | +€6,970 | +278% |
| Profit (loss) for the period to be appropriated | 9905 | €2,504 | €9,474 | +€6,970 | +278% |
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.