MH AUTOMOBILE: 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 AUTOMOBILE
Largest movements
- Cash +€77,189
up €77,189 (+204%), from €37,894 to €115,082
mainly Net result for the year (+€211,441) and Stocks and contracts (+€38,859)
- Stocks and contracts -€38,859
down €38,859 (-3.9%), from €986,033 to €947,175
- Profit (loss) carried forward +€211,441
up €211,441 (+61.0%), from €346,722 to €558,164
- Other debts -€110,432
down €110,432 (-93.5%), from €118,164 to €7,732
- Trade debts -€30,751
down €30,751 (-13.8%), from €222,798 to €192,047
- Debts after one year -€25,923
down €25,923 (-47.1%), from €55,015 to €29,092
- Tax, wage and social debts +€13,939
up €13,939 (+12.2%), from €113,789 to €127,727
of which Remuneration and social security: +€12,599
- Gross operating margin +€89,710
up €89,710 (+26.9%), from €332,983 to €422,693
- Staff costs +€74,013
up €74,013 (+260%), from €28,506 to €102,520
- Taxes +€10,349
up €10,349 (+18.3%), from €56,422 to €66,771
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 | €1,239,456 | €1,289,893 | +€50,437 | +4.1% |
| Fixed assets | 21/28 | €40,317 | €41,592 | +€1,275 | +3.2% |
| Tangible fixed assets | 22/27 | €40,317 | €41,592 | +€1,275 | +3.2% |
| Plant, machinery and equipment | 23 | €9,992 | €8,392 | -€1,600 | -16.0% |
| Furniture and vehicles | 24 | €19,067 | €13,920 | -€5,147 | -27.0% |
| Other tangible fixed assets | 26 | €11,257 | €19,279 | +€8,022 | +71.3% |
| Current assets | 29/58 | €1,199,139 | €1,248,301 | +€49,162 | +4.1% |
| Stocks and contracts in progress | 3 | €986,033 | €947,175 | -€38,859 | -3.9% |
| Stocks | 30/36 | €986,033 | €947,175 | -€38,859 | -3.9% |
| Amounts receivable within one year | 40/41 | €175,212 | €186,044 | +€10,831 | +6.2% |
| Trade receivables | 40 | €166,821 | €174,744 | +€7,923 | +4.7% |
| Other amounts receivable | 41 | €8,392 | €11,300 | +€2,908 | +34.7% |
| Cash at bank and in hand | 54/58 | €37,894 | €115,082 | +€77,189 | +204% |
| Total equity and liabilities | 10/49 | €1,239,456 | €1,289,893 | +€50,437 | +4.1% |
| Equity | 10/15 | €350,722 | €562,164 | +€211,441 | +60.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346,722 | €558,164 | +€211,441 | +61.0% |
| Amounts payable | 17/49 | €888,733 | €727,729 | -€161,004 | -18.1% |
| Amounts payable after more than one year | 17 | €55,015 | €29,092 | -€25,923 | -47.1% |
| Financial debts | 170/4 | €55,015 | €29,092 | -€25,923 | -47.1% |
| Amounts payable within one year | 42/48 | €833,500 | €698,419 | -€135,082 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €33,749 | €25,913 | -€7,837 | -23.2% |
| Financial debts | 43 | €345,000 | €345,000 | = | 0.0% |
| Credit institutions | 430/8 | €345,000 | €345,000 | = | 0.0% |
| Trade debts | 44 | €222,798 | €192,047 | -€30,751 | -13.8% |
| Suppliers | 440/4 | €222,798 | €192,047 | -€30,751 | -13.8% |
| Taxes, remuneration and social security | 45 | €113,789 | €127,727 | +€13,939 | +12.2% |
| Taxes | 450/3 | €109,115 | €110,454 | +€1,340 | +1.2% |
| Remuneration and social security | 454/9 | €4,674 | €17,273 | +€12,599 | +270% |
| Other amounts payable | 47/48 | €118,164 | €7,732 | -€110,432 | -93.5% |
| Accrued charges and deferred income | 492/3 | €218 | €218 | = | 0.0% |
| Non-recurring operating income | 76A | €44,490 | - | -€44,490 | |
| Remuneration, social security and pensions | 62 | €28,506 | €102,520 | +€74,013 | +260% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,572 | €12,600 | +€29 | +0.2% |
| Other operating charges | 640/8 | €7,635 | €5,699 | -€1,935 | -25.4% |
| Gross operating margin | 9900 | €332,983 | €422,693 | +€89,710 | +26.9% |
| Operating profit (loss) | 9901 | €284,270 | €301,874 | +€17,604 | +6.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -81.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -81.8% |
| Financial charges | 65/66B | €22,340 | €23,661 | +€1,322 | +5.9% |
| Recurring financial charges | 65 | €22,340 | €23,661 | +€1,322 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €261,930 | €278,212 | +€16,282 | +6.2% |
| Income taxes | 67/77 | €56,422 | €66,771 | +€10,349 | +18.3% |
| Profit (loss) for the period | 9904 | €205,508 | €211,441 | +€5,933 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €205,508 | €211,441 | +€5,933 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.