MH AGENTUUR: 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 AGENTUUR
Largest movements
- Current investments +€29,963
up €29,963 (+15.0%), from €200,000 to €229,963
- Cash +€18,916
up €18,916 (+12.2%), from €154,488 to €173,405
mainly Net result for the year (+€81,730) and Other debts (+€13,767)
- Receivables within one year -€11,856
down €11,856 (-39.7%), from €29,837 to €17,981
of which Other amounts receivable: -€13,630
- Stocks and contracts +€4,726
up €4,726 (+31.2%), from €15,168 to €19,894
- Reserves +€22,825
up €22,825 (+6.3%), from €363,473 to €386,298
- Other debts +€13,767
new in 2025: €13,767
- Advances received +€12,952
new in 2025: €12,952
- Trade debts -€7,812
down €7,812 (-81.9%), from €9,543 to €1,731
- Gross operating margin +€28,930
up €28,930 (+34.6%), from €83,501 to €112,431
- Taxes +€10,578
up €10,578 (+46.7%), from €22,652 to €33,230
- Financial income +€7,068
up €7,068 (+381%), from €1,856 to €8,924
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 | €416,901 | €458,564 | +€41,663 | +10.0% |
| Fixed assets | 21/28 | €17,408 | €17,321 | -€87 | -0.5% |
| Tangible fixed assets | 22/27 | €16,066 | €13,924 | -€2,142 | -13.3% |
| Plant, machinery and equipment | 23 | - | €2,388 | +€2,388 | |
| Furniture and vehicles | 24 | €14,764 | €10,513 | -€4,251 | -28.8% |
| Other tangible fixed assets | 26 | €1,303 | €1,023 | -€280 | -21.5% |
| Financial fixed assets | 28 | €1,342 | €3,397 | +€2,055 | +153% |
| Current assets | 29/58 | €399,493 | €441,243 | +€41,750 | +10.5% |
| Stocks and contracts in progress | 3 | €15,168 | €19,894 | +€4,726 | +31.2% |
| Stocks | 30/36 | €15,168 | €19,894 | +€4,726 | +31.2% |
| Amounts receivable within one year | 40/41 | €29,837 | €17,981 | -€11,856 | -39.7% |
| Trade receivables | 40 | €8,930 | €10,705 | +€1,775 | +19.9% |
| Other amounts receivable | 41 | €20,907 | €7,277 | -€13,630 | -65.2% |
| Current investments | 50/53 | €200,000 | €229,963 | +€29,963 | +15.0% |
| Cash at bank and in hand | 54/58 | €154,488 | €173,405 | +€18,916 | +12.2% |
| Total equity and liabilities | 10/49 | €416,901 | €458,564 | +€41,663 | +10.0% |
| Equity | 10/15 | €382,223 | €405,048 | +€22,825 | +6.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €363,473 | €386,298 | +€22,825 | +6.3% |
| Distributable reserves | 133 | €363,473 | €386,298 | +€22,825 | +6.3% |
| Amounts payable | 17/49 | €34,678 | €53,516 | +€18,838 | +54.3% |
| Amounts payable within one year | 42/48 | €34,528 | €52,396 | +€17,868 | +51.7% |
| Trade debts | 44 | €9,543 | €1,731 | -€7,812 | -81.9% |
| Suppliers | 440/4 | €9,543 | €1,731 | -€7,812 | -81.9% |
| Advances received on contracts in progress | 46 | - | €12,952 | +€12,952 | |
| Taxes, remuneration and social security | 45 | €24,985 | €23,945 | -€1,040 | -4.2% |
| Taxes | 450/3 | €24,985 | €23,945 | -€1,040 | -4.2% |
| Other amounts payable | 47/48 | - | €13,767 | +€13,767 | |
| Accrued charges and deferred income | 492/3 | €150 | €1,120 | +€970 | +647% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,346 | €5,075 | +€729 | +16.8% |
| Other operating charges | 640/8 | €1,313 | €1,215 | -€98 | -7.5% |
| Gross operating margin | 9900 | €83,501 | €112,431 | +€28,930 | +34.6% |
| Operating profit (loss) | 9901 | €77,841 | €106,141 | +€28,300 | +36.4% |
| Financial income | 75/76B | €1,856 | €8,924 | +€7,068 | +381% |
| Recurring financial income | 75 | €1,856 | €8,924 | +€7,068 | +381% |
| Financial charges | 65/66B | €112 | €105 | -€7 | -6.5% |
| Recurring financial charges | 65 | €112 | €105 | -€7 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €79,585 | €114,960 | +€35,375 | +44.4% |
| Income taxes | 67/77 | €22,652 | €33,230 | +€10,578 | +46.7% |
| Profit (loss) for the period | 9904 | €56,933 | €81,730 | +€24,797 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,933 | €81,730 | +€24,797 | +43.6% |
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.