M.H. Light: 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. Light
Largest movements
- Cash +€11,129
up €11,129 (+145%), from €7,665 to €18,794
mainly Net result for the year (+€9,105) and Debts after one year (+€6,890)
- Receivables within one year -€2,707
down €2,707 (-26.1%), from €10,367 to €7,660
of which Trade receivables: -€3,536
- Trade debts -€12,096
down €12,096 (-95.5%), from €12,669 to €573
- Profit (loss) carried forward +€9,105
up €9,105, from -€8,766 to €339
- Debts after one year +€6,890
new in 2025: €6,890
- Other debts +€3,307
up €3,307 (+26.5%), from €12,494 to €15,800
- Tax, wage and social debts +€1,215
new in 2025: €1,215
- Gross operating margin +€13,559
up €13,559, from -€2,509 to €11,050
- Purchases and services -€6,506
down €6,506 (-6.3%), from €103,399 to €96,893
- Turnover +€5,297
up €5,297 (+5.4%), from €97,457 to €102,755
- Taxes +€1,215
new in 2025: €1,215
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 | €18,396 | €26,817 | +€8,421 | +45.8% |
| Fixed assets | 21/28 | €363 | €363 | = | 0.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €18,033 | €26,454 | +€8,421 | +46.7% |
| Amounts receivable within one year | 40/41 | €10,367 | €7,660 | -€2,707 | -26.1% |
| Trade receivables | 40 | €8,995 | €5,460 | -€3,536 | -39.3% |
| Other amounts receivable | 41 | €1,372 | €2,200 | +€828 | +60.4% |
| Cash at bank and in hand | 54/58 | €7,665 | €18,794 | +€11,129 | +145% |
| Total equity and liabilities | 10/49 | €18,396 | €26,817 | +€8,421 | +45.8% |
| Equity | 10/15 | -€6,766 | €2,339 | +€9,105 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,766 | €339 | +€9,105 | |
| Amounts payable | 17/49 | €25,162 | €24,478 | -€684 | -2.7% |
| Amounts payable after more than one year | 17 | - | €6,890 | +€6,890 | |
| Financial debts | 170/4 | - | €6,890 | +€6,890 | |
| Amounts payable within one year | 42/48 | €25,162 | €17,588 | -€7,574 | -30.1% |
| Trade debts | 44 | €12,669 | €573 | -€12,096 | -95.5% |
| Suppliers | 440/4 | €12,669 | €573 | -€12,096 | -95.5% |
| Taxes, remuneration and social security | 45 | - | €1,215 | +€1,215 | |
| Taxes | 450/3 | - | €1,215 | +€1,215 | |
| Other amounts payable | 47/48 | €12,494 | €15,800 | +€3,307 | +26.5% |
| Turnover | 70 | €97,457 | €102,755 | +€5,297 | +5.4% |
| Non-recurring operating income | 76A | €3,427 | €5,188 | +€1,762 | +51.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €103,399 | €96,893 | -€6,506 | -6.3% |
| Remuneration, social security and pensions | 62 | €71 | - | -€71 | |
| Other operating charges | 640/8 | €128 | €527 | +€400 | +313% |
| Gross operating margin | 9900 | -€2,509 | €11,050 | +€13,559 | |
| Operating profit (loss) | 9901 | -€2,707 | €10,523 | +€13,230 | |
| Financial charges | 65/66B | €298 | €202 | -€96 | -32.1% |
| Recurring financial charges | 65 | €298 | €202 | -€96 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,005 | €10,320 | +€13,325 | |
| Income taxes | 67/77 | - | €1,215 | +€1,215 | |
| Profit (loss) for the period | 9904 | -€3,005 | €9,105 | +€12,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,005 | €9,105 | +€12,110 |
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 18 October 2026 via checked.be.