M&H Toitures: 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 Toitures
Largest movements
- Cash -€54,661
down €54,661 (-49.0%), from €111,583 to €56,921
mainly Contributions, distributions and other (-€65,000) and Debts after one year (-€8,929)
- Tangible fixed assets -€8,725
down €8,725 (-22.4%), from €38,943 to €30,217
of which Furniture and vehicles: -€7,372
- Receivables within one year -€5,432
down €5,432 (-16.1%), from €33,832 to €28,400
of which Trade receivables: -€5,595
- Profit (loss) carried forward -€60,934
down €60,934 (-99.7%), from €61,147 to €213
- Debts after one year -€8,929
down €8,929 (-38.4%), from €23,226 to €14,297
- Tax, wage and social debts -€3,883
down €3,883 (-29.7%), from €13,095 to €9,212
of which Remuneration and social security: -€4,271
- Other debts +€3,055
up €3,055 (+5.1%), from €59,578 to €62,633
- Taxes -€23,044
down €23,044, from €17,943 to -€5,101
- Gross operating margin -€10,993
down €10,993 (-22.1%), from €49,765 to €38,772
- Depreciation +€4,872
up €4,872 (+126%), from €3,853 to €8,725
- Financial income -€4,309
down €4,309 (-26.4%), from €16,295 to €11,986
- Staff costs -€2,897
down €2,897 (-6.6%), from €43,962 to €41,064
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 | €188,324 | €118,284 | -€70,041 | -37.2% |
| Fixed assets | 21/28 | €38,943 | €30,217 | -€8,725 | -22.4% |
| Tangible fixed assets | 22/27 | €38,943 | €30,217 | -€8,725 | -22.4% |
| Plant, machinery and equipment | 23 | €3,873 | €2,520 | -€1,353 | -34.9% |
| Furniture and vehicles | 24 | €35,070 | €27,698 | -€7,372 | -21.0% |
| Current assets | 29/58 | €149,382 | €88,067 | -€61,315 | -41.0% |
| Amounts receivable within one year | 40/41 | €33,832 | €28,400 | -€5,432 | -16.1% |
| Trade receivables | 40 | €25,894 | €20,298 | -€5,595 | -21.6% |
| Other amounts receivable | 41 | €7,939 | €8,102 | +€163 | +2.1% |
| Cash at bank and in hand | 54/58 | €111,583 | €56,921 | -€54,661 | -49.0% |
| Deferred charges and accrued income | 490/1 | €3,967 | €2,745 | -€1,222 | -30.8% |
| Total equity and liabilities | 10/49 | €188,324 | €118,284 | -€70,041 | -37.2% |
| Equity | 10/15 | €76,147 | €15,213 | -€60,934 | -80.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,147 | €213 | -€60,934 | -99.7% |
| Amounts payable | 17/49 | €112,177 | €103,071 | -€9,106 | -8.1% |
| Amounts payable after more than one year | 17 | €23,226 | €14,297 | -€8,929 | -38.4% |
| Financial debts | 170/4 | €23,226 | €14,297 | -€8,929 | -38.4% |
| Amounts payable within one year | 42/48 | €88,951 | €88,774 | -€177 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €8,607 | €8,929 | +€322 | +3.7% |
| Trade debts | 44 | €7,672 | €8,000 | +€328 | +4.3% |
| Suppliers | 440/4 | €7,672 | €8,000 | +€328 | +4.3% |
| Taxes, remuneration and social security | 45 | €13,095 | €9,212 | -€3,883 | -29.7% |
| Taxes | 450/3 | €8,824 | €9,212 | +€389 | +4.4% |
| Remuneration and social security | 454/9 | €4,271 | - | -€4,271 | |
| Other amounts payable | 47/48 | €59,578 | €62,633 | +€3,055 | +5.1% |
| Non-recurring operating income | 76A | - | €1,355 | +€1,355 | |
| Remuneration, social security and pensions | 62 | €43,962 | €41,064 | -€2,897 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,853 | €8,725 | +€4,872 | +126% |
| Other operating charges | 640/8 | €193 | €397 | +€204 | +106% |
| Non-recurring operating charges | 66A | - | €171 | +€171 | |
| Gross operating margin | 9900 | €49,765 | €38,772 | -€10,993 | -22.1% |
| Operating profit (loss) | 9901 | €1,757 | -€11,586 | -€13,344 | |
| Financial income | 75/76B | €16,295 | €11,986 | -€4,309 | -26.4% |
| Recurring financial income | 75 | €16,295 | €11,986 | -€4,309 | -26.4% |
| Financial charges | 65/66B | €456 | €1,435 | +€979 | +215% |
| Recurring financial charges | 65 | €456 | €1,435 | +€979 | +215% |
| Profit (loss) for the period before taxes | 9903 | €17,596 | -€1,035 | -€18,632 | |
| Income taxes | 67/77 | €17,943 | -€5,101 | -€23,044 | |
| Profit (loss) for the period | 9904 | -€347 | €4,066 | +€4,412 | |
| Profit (loss) for the period to be appropriated | 9905 | -€347 | €4,066 | +€4,412 |
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 28 October 2026 via checked.be.