MH DELIVERY: 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 DELIVERY
Largest movements
- Stocks and contracts +€56,740
up €56,740 (+85.8%), from €66,111 to €122,851
- Receivables within one year -€17,487
down €17,487 (-48.7%), from €35,882 to €18,395
of which Trade receivables: -€9,401
- Cash +€2,822
up €2,822 (+37.5%), from €7,525 to €10,346
mainly Other debts (+€42,542) and Receivables within one year (+€17,487)
- Tangible fixed assets -€2,727
down €2,727 (-21.3%), from €12,815 to €10,089
- Other debts +€42,542
up €42,542 (+74.8%), from €56,865 to €99,407
- Debts after one year -€9,067
no longer reported in 2025 (was €9,067)
- Profit (loss) carried forward +€4,012
up €4,012 (+41.0%), from €9,796 to €13,808
- Trade debts +€2,783
up €2,783 (+13.4%), from €20,819 to €23,602
- Turnover -€597,765
no longer reported in 2025 (was €597,765)
- Purchases and services -€578,191
no longer reported in 2025 (was €578,191)
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 | €125,657 | €165,004 | +€39,348 | +31.3% |
| Fixed assets | 21/28 | €16,138 | €13,412 | -€2,727 | -16.9% |
| Tangible fixed assets | 22/27 | €12,815 | €10,089 | -€2,727 | -21.3% |
| Furniture and vehicles | 24 | €12,815 | €10,089 | -€2,727 | -21.3% |
| Financial fixed assets | 28 | €3,323 | €3,323 | = | 0.0% |
| Current assets | 29/58 | €109,518 | €151,592 | +€42,074 | +38.4% |
| Stocks and contracts in progress | 3 | €66,111 | €122,851 | +€56,740 | +85.8% |
| Stocks | 30/36 | €66,111 | €122,851 | +€56,740 | +85.8% |
| Amounts receivable within one year | 40/41 | €35,882 | €18,395 | -€17,487 | -48.7% |
| Trade receivables | 40 | €27,796 | €18,395 | -€9,401 | -33.8% |
| Other amounts receivable | 41 | €8,086 | - | -€8,086 | |
| Cash at bank and in hand | 54/58 | €7,525 | €10,346 | +€2,822 | +37.5% |
| Total equity and liabilities | 10/49 | €125,657 | €165,004 | +€39,348 | +31.3% |
| Equity | 10/15 | €13,088 | €17,101 | +€4,012 | +30.7% |
| Contributions | 10/11 | €3,293 | €3,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,796 | €13,808 | +€4,012 | +41.0% |
| Amounts payable | 17/49 | €112,568 | €147,904 | +€35,336 | +31.4% |
| Amounts payable after more than one year | 17 | €9,067 | - | -€9,067 | |
| Financial debts | 170/4 | €9,067 | - | -€9,067 | |
| Amounts payable within one year | 42/48 | €103,501 | €147,904 | +€44,403 | +42.9% |
| Trade debts | 44 | €20,819 | €23,602 | +€2,783 | +13.4% |
| Suppliers | 440/4 | €20,819 | €23,602 | +€2,783 | +13.4% |
| Taxes, remuneration and social security | 45 | €25,817 | €24,895 | -€922 | -3.6% |
| Taxes | 450/3 | €25,817 | €24,895 | -€922 | -3.6% |
| Other amounts payable | 47/48 | €56,865 | €99,407 | +€42,542 | +74.8% |
| Turnover | 70 | €597,765 | - | -€597,765 | |
| Goods, raw materials, services and sundry goods | 60/61 | €578,191 | - | -€578,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,994 | €4,208 | -€5,786 | -57.9% |
| Other operating charges | 640/8 | €5,446 | €7,913 | +€2,467 | +45.3% |
| Gross operating margin | 9900 | €19,575 | €18,419 | -€1,155 | -5.9% |
| Operating profit (loss) | 9901 | €4,135 | €6,298 | +€2,163 | +52.3% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €210 | €270 | +€60 | +28.6% |
| Recurring financial charges | 65 | €210 | €270 | +€60 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €3,932 | €6,028 | +€2,096 | +53.3% |
| Income taxes | 67/77 | €3,232 | €2,016 | -€1,216 | -37.6% |
| Profit (loss) for the period | 9904 | €700 | €4,012 | +€3,312 | +473% |
| Profit (loss) for the period to be appropriated | 9905 | €700 | €4,012 | +€3,312 | +473% |
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 24 October 2026 via checked.be.