M.H. LIMOUSINES: 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. LIMOUSINES
Largest movements
- Receivables within one year +€20,782
up €20,782 (+44.7%), from €46,539 to €67,322
of which Other amounts receivable: +€13,905
- Tangible fixed assets +€18,014
new in 2025: €18,014
- Cash +€5,214
up €5,214 (+23.5%), from €22,226 to €27,439
mainly Other debts (+€20,150) and Net result for the year (+€16,474)
- Other debts +€20,150
up €20,150 (+438%), from €4,600 to €24,750
- Profit (loss) carried forward +€16,474
up €16,474 (+76.2%), from €21,608 to €38,082
- Advances received +€6,846
new in 2025: €6,846
- Trade debts +€3,535
up €3,535 (+18.1%), from €19,544 to €23,079
- Tax, wage and social debts -€2,994
down €2,994 (-22.4%), from €13,388 to €10,393
of which Remuneration and social security: -€5,587
- Gross operating margin -€5,249
down €5,249 (-19.0%), from €27,590 to €22,341
- Other operating charges +€2,635
up €2,635 (+386%), from €682 to €3,318
- Staff costs -€1,957
no longer reported in 2025 (was €1,957)
- Taxes -€1,897
down €1,897 (-82.7%), from €2,293 to €396
- Depreciation -€1,318
down €1,318 (-37.9%), from €3,478 to €2,159
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 | €69,140 | €113,150 | +€44,010 | +63.7% |
| Fixed assets | 21/28 | €375 | €18,389 | +€18,014 | +4,804% |
| Tangible fixed assets | 22/27 | - | €18,014 | +€18,014 | |
| Furniture and vehicles | 24 | - | €18,014 | +€18,014 | |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €68,765 | €94,761 | +€25,996 | +37.8% |
| Amounts receivable within one year | 40/41 | €46,539 | €67,322 | +€20,782 | +44.7% |
| Trade receivables | 40 | €21,125 | €28,002 | +€6,877 | +32.6% |
| Other amounts receivable | 41 | €25,414 | €39,320 | +€13,905 | +54.7% |
| Cash at bank and in hand | 54/58 | €22,226 | €27,439 | +€5,214 | +23.5% |
| Total equity and liabilities | 10/49 | €69,140 | €113,150 | +€44,010 | +63.7% |
| Equity | 10/15 | €31,608 | €48,082 | +€16,474 | +52.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,608 | €38,082 | +€16,474 | +76.2% |
| Amounts payable | 17/49 | €37,532 | €65,068 | +€27,536 | +73.4% |
| Amounts payable within one year | 42/48 | €37,532 | €65,068 | +€27,536 | +73.4% |
| Trade debts | 44 | €19,544 | €23,079 | +€3,535 | +18.1% |
| Suppliers | 440/4 | €19,544 | €23,079 | +€3,535 | +18.1% |
| Advances received on contracts in progress | 46 | - | €6,846 | +€6,846 | |
| Taxes, remuneration and social security | 45 | €13,388 | €10,393 | -€2,994 | -22.4% |
| Taxes | 450/3 | €4,201 | €6,794 | +€2,593 | +61.7% |
| Remuneration and social security | 454/9 | €9,187 | €3,600 | -€5,587 | -60.8% |
| Other amounts payable | 47/48 | €4,600 | €24,750 | +€20,150 | +438% |
| Non-recurring operating income | 76A | €25,414 | - | -€25,414 | |
| Remuneration, social security and pensions | 62 | €1,957 | - | -€1,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,478 | €2,159 | -€1,318 | -37.9% |
| Other operating charges | 640/8 | €682 | €3,318 | +€2,635 | +386% |
| Non-recurring operating charges | 66A | €13,522 | - | -€13,522 | |
| Gross operating margin | 9900 | €27,590 | €22,341 | -€5,249 | -19.0% |
| Operating profit (loss) | 9901 | €7,951 | €16,864 | +€8,913 | +112% |
| Financial income | 75/76B | - | €225 | +€225 | |
| Recurring financial income | 75 | - | €225 | +€225 | |
| Financial charges | 65/66B | €72 | €220 | +€147 | +204% |
| Recurring financial charges | 65 | €72 | €220 | +€147 | +204% |
| Profit (loss) for the period before taxes | 9903 | €7,879 | €16,870 | +€8,991 | +114% |
| Income taxes | 67/77 | €2,293 | €396 | -€1,897 | -82.7% |
| Profit (loss) for the period | 9904 | €5,586 | €16,474 | +€10,888 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €5,586 | €16,474 | +€10,888 | +195% |
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 27 October 2026 via checked.be.