MH APK&Q: 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 APK&Q
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€15,000
new in 2025: €15,000
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 | €16,506,587 | €16,552,675 | +€46,087 | +0.3% |
| Fixed assets | 21/28 | €16,439,937 | €16,439,937 | = | 0.0% |
| Financial fixed assets | 28 | €16,439,937 | €16,439,937 | = | 0.0% |
| Current assets | 29/58 | €66,650 | €112,738 | +€46,087 | +69.1% |
| Amounts receivable within one year | 40/41 | €64,805 | €71,970 | +€7,165 | +11.1% |
| Trade receivables | 40 | €64,805 | €71,970 | +€7,165 | +11.1% |
| Cash at bank and in hand | 54/58 | €1,845 | €40,768 | +€38,922 | +2,109% |
| Total equity and liabilities | 10/49 | €16,506,587 | €16,552,675 | +€46,087 | +0.3% |
| Equity | 10/15 | -€119,075 | -€157,304 | -€38,229 | -32.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,075 | -€172,304 | -€38,229 | -28.5% |
| Amounts payable | 17/49 | €16,625,663 | €16,709,979 | +€84,316 | +0.5% |
| Amounts payable after more than one year | 17 | €16,555,399 | €16,613,477 | +€58,078 | +0.4% |
| Other amounts payable | 178/9 | €16,555,399 | €16,613,477 | +€58,078 | +0.4% |
| Amounts payable within one year | 42/48 | €1,570 | €27,598 | +€26,028 | +1,658% |
| Trade debts | 44 | - | €26,030 | +€26,030 | |
| Suppliers | 440/4 | - | €26,030 | +€26,030 | |
| Taxes, remuneration and social security | 45 | €1,570 | €1,569 | -€1 | -0.1% |
| Taxes | 450/3 | €1,570 | €1,569 | -€1 | -0.1% |
| Accrued charges and deferred income | 492/3 | €68,694 | €68,904 | +€210 | +0.3% |
| Other operating charges | 640/8 | €961 | €1,045 | +€84 | +8.7% |
| Gross operating margin | 9900 | €29,915 | €29,630 | -€285 | -1.0% |
| Operating profit (loss) | 9901 | €28,954 | €28,585 | -€369 | -1.3% |
| Financial income | 75/76B | - | €15,000 | +€15,000 | |
| Recurring financial income | 75 | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €81,547 | €81,814 | +€267 | +0.3% |
| Recurring financial charges | 65 | €81,547 | €81,814 | +€267 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,593 | -€38,229 | +€14,364 | +27.3% |
| Profit (loss) for the period | 9904 | -€52,593 | -€38,229 | +€14,364 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,593 | -€38,229 | +€14,364 | +27.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.