MH Building: 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 Building
Largest movements
- Stocks and contracts +€120,000
new in 2025: €120,000
- Receivables within one year +€86,392
up €86,392 (+92.3%), from €93,582 to €179,974
of which Trade receivables: +€51,735
- Tangible fixed assets -€19,604
down €19,604 (-24.2%), from €80,885 to €61,281
of which Furniture and vehicles: -€11,939
- Other debts +€89,867
up €89,867 (+258%), from €34,868 to €124,735
- Trade debts +€71,832
up €71,832 (+215%), from €33,343 to €105,175
- Profit (loss) carried forward +€50,156
up €50,156, from -€41,016 to €9,140
- Debts after one year -€20,019
down €20,019 (-92.2%), from €21,708 to €1,689
- Tax, wage and social debts -€5,968
down €5,968 (-32.2%), from €18,548 to €12,580
of which Taxes: -€10,511
- Other operating charges +€27,558
up €27,558 (+842%), from €3,272 to €30,829
- Staff costs +€24,735
up €24,735 (+298%), from €8,287 to €33,022
- Gross operating margin +€23,241
up €23,241 (+18.8%), from €123,474 to €146,715
- Depreciation -€6,256
down €6,256 (-24.2%), from €25,859 to €19,604
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 | €181,699 | €366,705 | +€185,006 | +102% |
| Fixed assets | 21/28 | €85,920 | €66,316 | -€19,604 | -22.8% |
| Tangible fixed assets | 22/27 | €80,885 | €61,281 | -€19,604 | -24.2% |
| Plant, machinery and equipment | 23 | €21,190 | €13,525 | -€7,665 | -36.2% |
| Furniture and vehicles | 24 | €59,695 | €47,756 | -€11,939 | -20.0% |
| Financial fixed assets | 28 | €5,035 | €5,035 | = | 0.0% |
| Current assets | 29/58 | €95,779 | €300,389 | +€204,610 | +214% |
| Stocks and contracts in progress | 3 | - | €120,000 | +€120,000 | |
| Contracts in progress | 37 | - | €120,000 | +€120,000 | |
| Amounts receivable within one year | 40/41 | €93,582 | €179,974 | +€86,392 | +92.3% |
| Trade receivables | 40 | €76,670 | €128,406 | +€51,735 | +67.5% |
| Other amounts receivable | 41 | €16,912 | €51,569 | +€34,657 | +205% |
| Cash at bank and in hand | 54/58 | €2,000 | €40 | -€1,960 | -98.0% |
| Deferred charges and accrued income | 490/1 | €197 | €375 | +€178 | +90.4% |
| Total equity and liabilities | 10/49 | €181,699 | €366,705 | +€185,006 | +102% |
| Equity | 10/15 | -€40,466 | €9,690 | +€50,156 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,016 | €9,140 | +€50,156 | |
| Amounts payable | 17/49 | €222,165 | €357,015 | +€134,850 | +60.7% |
| Amounts payable after more than one year | 17 | €21,708 | €1,689 | -€20,019 | -92.2% |
| Financial debts | 170/4 | €21,708 | €1,689 | -€20,019 | -92.2% |
| Amounts payable within one year | 42/48 | €200,457 | €355,326 | +€154,869 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €24,743 | €20,837 | -€3,907 | -15.8% |
| Financial debts | 43 | €88,955 | €91,999 | +€3,044 | +3.4% |
| Credit institutions | 430/8 | €88,955 | €91,999 | +€3,044 | +3.4% |
| Trade debts | 44 | €33,343 | €105,175 | +€71,832 | +215% |
| Suppliers | 440/4 | €33,343 | €105,175 | +€71,832 | +215% |
| Taxes, remuneration and social security | 45 | €18,548 | €12,580 | -€5,968 | -32.2% |
| Taxes | 450/3 | €13,002 | €2,491 | -€10,511 | -80.8% |
| Remuneration and social security | 454/9 | €5,546 | €10,089 | +€4,543 | +81.9% |
| Other amounts payable | 47/48 | €34,868 | €124,735 | +€89,867 | +258% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,287 | €33,022 | +€24,735 | +298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,859 | €19,604 | -€6,256 | -24.2% |
| Other operating charges | 640/8 | €3,272 | €30,829 | +€27,558 | +842% |
| Non-recurring operating charges | 66A | €6,312 | €0 | -€6,312 | -100% |
| Gross operating margin | 9900 | €123,474 | €146,715 | +€23,241 | +18.8% |
| Operating profit (loss) | 9901 | €79,744 | €63,260 | -€16,484 | -20.7% |
| Financial income | 75/76B | €936 | €310 | -€626 | -66.9% |
| Recurring financial income | 75 | €936 | €310 | -€626 | -66.9% |
| Financial charges | 65/66B | €13,151 | €13,117 | -€34 | -0.3% |
| Recurring financial charges | 65 | €13,151 | €13,117 | -€34 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €67,529 | €50,453 | -€17,076 | -25.3% |
| Income taxes | 67/77 | €258 | €297 | +€38 | +14.9% |
| Profit (loss) for the period | 9904 | €67,270 | €50,156 | -€17,114 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,270 | €50,156 | -€17,114 | -25.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.