MH-Bouw: what changed
MH-Bouw
Largest movements
- Receivables within one year +€29,578
up €29,578 (+592%), from €4,994 to €34,572
of which Trade receivables: +€30,291
- Cash -€3,428
down €3,428 (-24.4%), from €14,060 to €10,632
mainly Receivables within one year (-€29,578) and Investment in fixed assets (net) (-€1)
- Tangible fixed assets -€597
down €597 (-15.7%), from €3,799 to €3,202
of which Other tangible fixed assets: -€468
- Advances received +€12,887
new in 2025: €12,887
- Other debts +€4,901
up €4,901 (+1,968%), from €249 to €5,150
- Tax, wage and social debts +€2,860
new in 2025: €2,860
- Trade debts +€2,491
new in 2025: €2,491
- Reserves +€1,981
up €1,981 (+67.8%), from €2,920 to €4,901
- Gross operating margin +€9,644
up €9,644, from -€3,641 to €6,003
- Depreciation -€671
down €671 (-39.4%), from €1,702 to €1,031
- Other operating charges +€490
up €490 (+109%), from €449 to €939
- Financial charges -€70
down €70 (-32.6%), from €215 to €145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,620 | €48,740 | +€25,120 | +106% |
| Formation expenses | 20 | €767 | €334 | -€433 | -56.5% |
| Fixed assets | 21/28 | €3,799 | €3,202 | -€597 | -15.7% |
| Tangible fixed assets | 22/27 | €3,799 | €3,202 | -€597 | -15.7% |
| Furniture and vehicles | 24 | €129 | - | -€129 | |
| Other tangible fixed assets | 26 | €3,670 | €3,202 | -€468 | -12.8% |
| Current assets | 29/58 | €19,054 | €45,204 | +€26,150 | +137% |
| Amounts receivable within one year | 40/41 | €4,994 | €34,572 | +€29,578 | +592% |
| Trade receivables | 40 | €2,000 | €32,291 | +€30,291 | +1,515% |
| Other amounts receivable | 41 | €2,994 | €2,281 | -€713 | -23.8% |
| Cash at bank and in hand | 54/58 | €14,060 | €10,632 | -€3,428 | -24.4% |
| Total equity and liabilities | 10/49 | €23,620 | €48,740 | +€25,120 | +106% |
| Equity | 10/15 | €23,371 | €25,352 | +€1,981 | +8.5% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €2,920 | €4,901 | +€1,981 | +67.8% |
| Distributable reserves | 133 | €2,920 | €4,901 | +€1,981 | +67.8% |
| Amounts payable | 17/49 | €249 | €23,388 | +€23,139 | +9,293% |
| Amounts payable within one year | 42/48 | €249 | €23,388 | +€23,139 | +9,293% |
| Trade debts | 44 | - | €2,491 | +€2,491 | |
| Suppliers | 440/4 | - | €2,491 | +€2,491 | |
| Advances received on contracts in progress | 46 | - | €12,887 | +€12,887 | |
| Taxes, remuneration and social security | 45 | - | €2,860 | +€2,860 | |
| Taxes | 450/3 | - | €2,860 | +€2,860 | |
| Other amounts payable | 47/48 | €249 | €5,150 | +€4,901 | +1,968% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,702 | €1,031 | -€671 | -39.4% |
| Other operating charges | 640/8 | €449 | €939 | +€490 | +109% |
| Non-recurring operating charges | 66A | - | €1,908 | +€1,908 | |
| Gross operating margin | 9900 | -€3,641 | €6,003 | +€9,644 | |
| Operating profit (loss) | 9901 | -€5,792 | €2,125 | +€7,917 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €215 | €145 | -€70 | -32.6% |
| Recurring financial charges | 65 | €215 | €145 | -€70 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,007 | €1,981 | +€7,988 | |
| Profit (loss) for the period | 9904 | -€6,007 | €1,981 | +€7,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,007 | €1,981 | +€7,988 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.