M.H.D. CONSULTING: 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.D. CONSULTING
Largest movements
- Receivables within one year +€21,913
up €21,913 (+265%), from €8,275 to €30,188
of which Other amounts receivable: +€15,554
- Cash -€7,506
down €7,506 (-98.2%), from €7,643 to €137
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€21,913)
- Deferred charges and accrued income +€5,188
up €5,188 (+144%), from €3,606 to €8,795
- Tangible fixed assets +€1,509
new in 2025: €1,509
- Other debts +€24,627
up €24,627 (+458%), from €5,373 to €30,000
- Trade debts -€8,698
down €8,698 (-88.2%), from €9,866 to €1,168
- Debts after one year +€4,050
new in 2025: €4,050
- Current portion of long-term debt +€3,345
new in 2025: €3,345
- Profit (loss) carried forward -€2,970
down €2,970 (-4.3%), from €69,727 to €66,757
- Purchases and services +€39,848
new in 2025: €39,848
- Gross operating margin +€38,730
up €38,730 (+898%), from €4,313 to €43,043
- Taxes +€10,556
up €10,556 (+909%), from €1,161 to €11,717
- Depreciation +€7,710
new in 2025: €7,710
- Financial income +€4,421
new in 2025: €4,421
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 | €93,524 | €114,629 | +€21,104 | +22.6% |
| Fixed assets | 21/28 | - | €1,509 | +€1,509 | |
| Tangible fixed assets | 22/27 | - | €1,509 | +€1,509 | |
| Furniture and vehicles | 24 | - | €1,509 | +€1,509 | |
| Current assets | 29/58 | €93,524 | €113,119 | +€19,595 | +21.0% |
| Amounts receivable after more than one year | 29 | €74,000 | €74,000 | = | 0.0% |
| Trade receivables | 290 | €74,000 | - | -€74,000 | |
| Other amounts receivable | 291 | - | €74,000 | +€74,000 | |
| Amounts receivable within one year | 40/41 | €8,275 | €30,188 | +€21,913 | +265% |
| Trade receivables | 40 | €245 | €6,603 | +€6,359 | +2,601% |
| Other amounts receivable | 41 | €8,030 | €23,584 | +€15,554 | +194% |
| Cash at bank and in hand | 54/58 | €7,643 | €137 | -€7,506 | -98.2% |
| Deferred charges and accrued income | 490/1 | €3,606 | €8,795 | +€5,188 | +144% |
| Total equity and liabilities | 10/49 | €93,524 | €114,629 | +€21,104 | +22.6% |
| Equity | 10/15 | €69,728 | €66,758 | -€2,970 | -4.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,727 | €66,757 | -€2,970 | -4.3% |
| Amounts payable | 17/49 | €23,796 | €47,870 | +€24,074 | +101% |
| Amounts payable after more than one year | 17 | - | €4,050 | +€4,050 | |
| Financial debts | 170/4 | - | €4,050 | +€4,050 | |
| Amounts payable within one year | 42/48 | €23,796 | €43,820 | +€20,024 | +84.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,345 | +€3,345 | |
| Trade debts | 44 | €9,866 | €1,168 | -€8,698 | -88.2% |
| Suppliers | 440/4 | €9,866 | €1,168 | -€8,698 | -88.2% |
| Taxes, remuneration and social security | 45 | €8,557 | €9,308 | +€751 | +8.8% |
| Taxes | 450/3 | €8,557 | €9,308 | +€751 | +8.8% |
| Other amounts payable | 47/48 | €5,373 | €30,000 | +€24,627 | +458% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €39,848 | +€39,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,710 | +€7,710 | |
| Other operating charges | 640/8 | €673 | €205 | -€468 | -69.6% |
| Gross operating margin | 9900 | €4,313 | €43,043 | +€38,730 | +898% |
| Operating profit (loss) | 9901 | €3,640 | €35,128 | +€31,488 | +865% |
| Financial income | 75/76B | - | €4,421 | +€4,421 | |
| Recurring financial income | 75 | - | €4,421 | +€4,421 | |
| Financial charges | 65/66B | €635 | €802 | +€167 | +26.3% |
| Recurring financial charges | 65 | €635 | €802 | +€167 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €3,005 | €38,747 | +€35,742 | +1,189% |
| Income taxes | 67/77 | €1,161 | €11,717 | +€10,556 | +909% |
| Profit (loss) for the period | 9904 | €1,844 | €27,030 | +€25,186 | +1,366% |
| Profit (loss) for the period to be appropriated | 9905 | €1,844 | €27,030 | +€25,186 | +1,366% |
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 30 October 2026 via checked.be.