M & H IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€43,423
down €43,423 (-5.7%), from €758,121 to €714,697
of which Land and buildings: -€42,423
- Receivables within one year -€21,376
down €21,376 (-17.7%), from €120,716 to €99,340
of which Other amounts receivable: -€33,518
- Debts after one year -€43,372
down €43,372 (-5.9%), from €731,346 to €687,974
- Other debts -€19,819
down €19,819 (-99.3%), from €19,967 to €148
- Financial income -€13,164
down €13,164 (-70.0%), from €18,801 to €5,637
- Gross operating margin +€8,111
up €8,111 (+14.2%), from €57,036 to €65,147
- Depreciation +€1,165
up €1,165 (+2.8%), from €42,259 to €43,423
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 | €884,358 | €821,678 | -€62,680 | -7.1% |
| Fixed assets | 21/28 | €758,121 | €714,697 | -€43,423 | -5.7% |
| Tangible fixed assets | 22/27 | €758,121 | €714,697 | -€43,423 | -5.7% |
| Land and buildings | 22 | €753,193 | €710,770 | -€42,423 | -5.6% |
| Furniture and vehicles | 24 | €4,927 | €3,927 | -€1,000 | -20.3% |
| Current assets | 29/58 | €126,237 | €106,981 | -€19,257 | -15.3% |
| Amounts receivable within one year | 40/41 | €120,716 | €99,340 | -€21,376 | -17.7% |
| Trade receivables | 40 | €0 | €12,141 | +€12,141 | |
| Other amounts receivable | 41 | €120,716 | €87,199 | -€33,518 | -27.8% |
| Cash at bank and in hand | 54/58 | €3,003 | €5,101 | +€2,098 | +69.9% |
| Deferred charges and accrued income | 490/1 | €2,518 | €2,540 | +€22 | +0.9% |
| Total equity and liabilities | 10/49 | €884,358 | €821,678 | -€62,680 | -7.1% |
| Equity | 10/15 | €88,511 | €88,057 | -€454 | -0.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,404 | -€18,221 | +€5,184 | +22.1% |
| Investment grants | 15 | €101,915 | €96,278 | -€5,637 | -5.5% |
| Amounts payable | 17/49 | €795,847 | €733,621 | -€62,227 | -7.8% |
| Amounts payable after more than one year | 17 | €731,346 | €687,974 | -€43,372 | -5.9% |
| Financial debts | 170/4 | €731,346 | €687,974 | -€43,372 | -5.9% |
| Amounts payable within one year | 42/48 | €64,502 | €45,647 | -€18,855 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €42,473 | €43,372 | +€899 | +2.1% |
| Trade debts | 44 | €2,061 | €2,127 | +€65 | +3.2% |
| Suppliers | 440/4 | €2,061 | €2,127 | +€65 | +3.2% |
| Other amounts payable | 47/48 | €19,967 | €148 | -€19,819 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,259 | €43,423 | +€1,165 | +2.8% |
| Other operating charges | 640/8 | €6,128 | €6,320 | +€192 | +3.1% |
| Gross operating margin | 9900 | €57,036 | €65,147 | +€8,111 | +14.2% |
| Operating profit (loss) | 9901 | €8,650 | €15,403 | +€6,753 | +78.1% |
| Financial income | 75/76B | €18,801 | €5,637 | -€13,164 | -70.0% |
| Recurring financial income | 75 | €18,801 | €5,637 | -€13,164 | -70.0% |
| Financial charges | 65/66B | €16,064 | €15,857 | -€207 | -1.3% |
| Recurring financial charges | 65 | €16,064 | €15,857 | -€207 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €11,388 | €5,184 | -€6,204 | -54.5% |
| Profit (loss) for the period | 9904 | €11,388 | €5,184 | -€6,204 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,388 | €5,184 | -€6,204 | -54.5% |
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.