MH DESIGN: 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 DESIGN
Largest movements
- Receivables within one year -€1,619
down €1,619 (-4.4%), from €36,482 to €34,863
of which Trade receivables: -€5,209
- Current investments +€952
up €952 (+6.8%), from €13,950 to €14,902
- Cash -€620
down €620 (-32.5%), from €1,906 to €1,286
mainly Net result for the year (-€4,997) and Current investments (-€952)
- Profit (loss) carried forward -€4,997
down €4,997 (-148%), from -€3,380 to -€8,376
- Trade debts +€3,212
up €3,212 (+218%), from €1,472 to €4,684
- Accrued charges and deferred income +€952
up €952 (+18.3%), from €5,191 to €6,142
- Gross operating margin -€9,403
down €9,403, from €7,353 to -€2,050
- Financial charges +€803
up €803 (+29.7%), from €2,705 to €3,508
- Financial income -€142
down €142 (-7.3%), from €1,952 to €1,810
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,596 | €55,779 | -€817 | -1.4% |
| Fixed assets | 21/28 | €782 | €1,029 | +€247 | +31.6% |
| Tangible fixed assets | 22/27 | €782 | €1,029 | +€247 | +31.6% |
| Plant, machinery and equipment | 23 | €782 | €1,029 | +€247 | +31.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €55,814 | €54,750 | -€1,064 | -1.9% |
| Amounts receivable within one year | 40/41 | €36,482 | €34,863 | -€1,619 | -4.4% |
| Trade receivables | 40 | €5,209 | €0 | -€5,209 | -100% |
| Other amounts receivable | 41 | €31,273 | €34,863 | +€3,590 | +11.5% |
| Current investments | 50/53 | €13,950 | €14,902 | +€952 | +6.8% |
| Cash at bank and in hand | 54/58 | €1,906 | €1,286 | -€620 | -32.5% |
| Deferred charges and accrued income | 490/1 | €3,475 | €3,699 | +€224 | +6.4% |
| Total equity and liabilities | 10/49 | €56,596 | €55,779 | -€817 | -1.4% |
| Equity | 10/15 | €40,069 | €35,072 | -€4,997 | -12.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €24,898 | €24,898 | = | 0.0% |
| Distributable reserves | 133 | €24,898 | €24,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,380 | -€8,376 | -€4,997 | -148% |
| Amounts payable | 17/49 | €16,527 | €20,707 | +€4,180 | +25.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €11,337 | €14,565 | +€3,228 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €9,529 | €9,688 | +€158 | +1.7% |
| Credit institutions | 430/8 | €9,529 | €9,688 | +€158 | +1.7% |
| Trade debts | 44 | €1,472 | €4,684 | +€3,212 | +218% |
| Suppliers | 440/4 | €1,472 | €4,684 | +€3,212 | +218% |
| Taxes, remuneration and social security | 45 | €336 | €194 | -€142 | -42.3% |
| Taxes | 450/3 | €336 | €194 | -€142 | -42.3% |
| Accrued charges and deferred income | 492/3 | €5,191 | €6,142 | +€952 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €413 | +€49 | +13.4% |
| Other operating charges | 640/8 | €617 | €641 | +€24 | +3.8% |
| Non-recurring operating charges | 66A | €8,673 | €0 | -€8,673 | -100% |
| Gross operating margin | 9900 | €7,353 | -€2,050 | -€9,403 | |
| Operating profit (loss) | 9901 | -€2,302 | -€3,105 | -€803 | -34.9% |
| Financial income | 75/76B | €1,952 | €1,810 | -€142 | -7.3% |
| Recurring financial income | 75 | €1,952 | €1,810 | -€142 | -7.3% |
| Financial charges | 65/66B | €2,705 | €3,508 | +€803 | +29.7% |
| Recurring financial charges | 65 | €2,705 | €3,508 | +€803 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,055 | -€4,803 | -€1,748 | -57.2% |
| Income taxes | 67/77 | €182 | €194 | +€12 | +6.5% |
| Profit (loss) for the period | 9904 | -€3,237 | -€4,997 | -€1,760 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,237 | -€4,997 | -€1,760 | -54.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.