MH Agency: 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.
MH Agency
Largest movements
- Cash -€14,699
down €14,699 (-10.0%), from €146,904 to €132,205
mainly Contributions, distributions and other (-€142,787) and Receivables within one year (-€3,101)
- Receivables within one year +€3,101
up €3,101 (+30.5%), from €10,181 to €13,282
- Profit (loss) carried forward -€119,916
down €119,916 (-84.0%), from €142,787 to €22,871
- Other debts +€111,187
up €111,187 (+1,884%), from €5,901 to €117,088
- Trade debts -€2,405
down €2,405 (-38.1%), from €6,313 to €3,908
- Gross operating margin +€4,866
up €4,866 (+15.5%), from €31,303 to €36,169
- Taxes +€3,381
up €3,381 (+45.0%), from €7,511 to €10,892
- Depreciation +€556
up €556 (+52.2%), from €1,065 to €1,622
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 | €165,192 | €152,962 | -€12,230 | -7.4% |
| Fixed assets | 21/28 | €8,106 | €7,475 | -€631 | -7.8% |
| Tangible fixed assets | 22/27 | €8,106 | €7,475 | -€631 | -7.8% |
| Plant, machinery and equipment | 23 | €5,376 | €5,354 | -€23 | -0.4% |
| Furniture and vehicles | 24 | €2,730 | €2,121 | -€609 | -22.3% |
| Current assets | 29/58 | €157,085 | €145,487 | -€11,598 | -7.4% |
| Amounts receivable within one year | 40/41 | €10,181 | €13,282 | +€3,101 | +30.5% |
| Trade receivables | 40 | €10,181 | €13,282 | +€3,101 | +30.5% |
| Cash at bank and in hand | 54/58 | €146,904 | €132,205 | -€14,699 | -10.0% |
| Total equity and liabilities | 10/49 | €165,192 | €152,962 | -€12,230 | -7.4% |
| Equity | 10/15 | €143,787 | €23,871 | -€119,916 | -83.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,787 | €22,871 | -€119,916 | -84.0% |
| Amounts payable | 17/49 | €21,405 | €129,091 | +€107,686 | +503% |
| Amounts payable within one year | 42/48 | €21,405 | €129,091 | +€107,686 | +503% |
| Trade debts | 44 | €6,313 | €3,908 | -€2,405 | -38.1% |
| Suppliers | 440/4 | €6,313 | €3,908 | -€2,405 | -38.1% |
| Taxes, remuneration and social security | 45 | €9,192 | €8,095 | -€1,097 | -11.9% |
| Taxes | 450/3 | €9,192 | €8,095 | -€1,097 | -11.9% |
| Other amounts payable | 47/48 | €5,901 | €117,088 | +€111,187 | +1,884% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,065 | €1,622 | +€556 | +52.2% |
| Other operating charges | 640/8 | €796 | €583 | -€213 | -26.8% |
| Gross operating margin | 9900 | €31,303 | €36,169 | +€4,866 | +15.5% |
| Operating profit (loss) | 9901 | €29,441 | €33,964 | +€4,523 | +15.4% |
| Financial income | 75/76B | €0 | €30 | +€30 | +37,600% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +37,600% |
| Financial charges | 65/66B | €271 | €231 | -€40 | -14.6% |
| Recurring financial charges | 65 | €271 | €231 | -€40 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €29,171 | €33,763 | +€4,593 | +15.7% |
| Income taxes | 67/77 | €7,511 | €10,892 | +€3,381 | +45.0% |
| Profit (loss) for the period | 9904 | €21,660 | €22,871 | +€1,211 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,660 | €22,871 | +€1,211 | +5.6% |
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 29 October 2026 via checked.be.