M&H Management: 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 Management
Largest movements
- Receivables within one year +€21,797
up €21,797 (+29,640%), from €74 to €21,871
of which Trade receivables: +€20,500
- Cash +€15,313
up €15,313 (+108%), from €14,134 to €29,446
mainly Net result for the year (+€37,528) and Tax, wage and social debts (+€104)
- Reserves +€37,528
up €37,528 (+993%), from €3,779 to €41,307
- Trade debts -€521
down €521 (-28.3%), from €1,840 to €1,318
- Gross operating margin +€42,993
up €42,993 (+934%), from €4,605 to €47,598
- Taxes +€9,049
up €9,049 (+2,719%), from €333 to €9,382
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 | €14,207 | €51,317 | +€37,110 | +261% |
| Current assets | 29/58 | €14,207 | €51,317 | +€37,110 | +261% |
| Amounts receivable within one year | 40/41 | €74 | €21,871 | +€21,797 | +29,640% |
| Trade receivables | 40 | €0 | €20,500 | +€20,500 | |
| Other amounts receivable | 41 | €74 | €1,371 | +€1,297 | +1,764% |
| Cash at bank and in hand | 54/58 | €14,134 | €29,446 | +€15,313 | +108% |
| Total equity and liabilities | 10/49 | €14,207 | €51,317 | +€37,110 | +261% |
| Equity | 10/15 | €8,779 | €46,307 | +€37,528 | +427% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,779 | €41,307 | +€37,528 | +993% |
| Distributable reserves | 133 | €3,779 | €41,307 | +€37,528 | +993% |
| Amounts payable | 17/49 | €5,428 | €5,010 | -€418 | -7.7% |
| Amounts payable within one year | 42/48 | €5,428 | €5,010 | -€418 | -7.7% |
| Trade debts | 44 | €1,840 | €1,318 | -€521 | -28.3% |
| Suppliers | 440/4 | €1,840 | €1,318 | -€521 | -28.3% |
| Taxes, remuneration and social security | 45 | €2,789 | €2,892 | +€104 | +3.7% |
| Taxes | 450/3 | €2,789 | €2,892 | +€104 | +3.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Other operating charges | 640/8 | €646 | €659 | +€12 | +1.9% |
| Gross operating margin | 9900 | €4,605 | €47,598 | +€42,993 | +934% |
| Operating profit (loss) | 9901 | €3,959 | €46,939 | +€42,981 | +1,086% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €52 | €29 | -€23 | -43.9% |
| Recurring financial charges | 65 | €52 | €29 | -€23 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €3,906 | €46,910 | +€43,004 | +1,101% |
| Income taxes | 67/77 | €333 | €9,382 | +€9,049 | +2,719% |
| Profit (loss) for the period | 9904 | €3,573 | €37,528 | +€33,954 | +950% |
| Profit (loss) for the period to be appropriated | 9905 | €3,573 | €37,528 | +€33,954 | +950% |
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 23 October 2026 via checked.be.