MH DRIVE COMPAGNY: 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 DRIVE COMPAGNY
Largest movements
- Cash +€9,512
up €9,512 (+276%), from €3,452 to €12,964
mainly Net result for the year (+€15,598) and Depreciation (+€6,198)
- Tangible fixed assets -€3,543
down €3,543 (-15.7%), from €22,568 to €19,024
- Receivables within one year +€2,480
new in 2025: €2,480
of which Trade receivables: +€2,479
- Profit (loss) carried forward +€15,598
up €15,598, from -€6,236 to €9,362
- Current portion of long-term debt -€8,177
no longer reported in 2025 (was €8,177)
- Trade debts +€1,836
up €1,836 (+211%), from €871 to €2,707
- Tax, wage and social debts -€503
no longer reported in 2025 (was €503)
- Gross operating margin +€16,447
up €16,447 (+250%), from €6,591 to €23,038
- Financial charges -€772
down €772 (-71.4%), from €1,082 to €310
- Other operating charges -€684
down €684 (-42.3%), from €1,616 to €932
- Depreciation +€265
up €265 (+4.5%), from €5,933 to €6,198
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 | €26,020 | €34,469 | +€8,449 | +32.5% |
| Fixed assets | 21/28 | €22,568 | €19,024 | -€3,543 | -15.7% |
| Tangible fixed assets | 22/27 | €22,568 | €19,024 | -€3,543 | -15.7% |
| Furniture and vehicles | 24 | €22,568 | €19,024 | -€3,543 | -15.7% |
| Current assets | 29/58 | €3,452 | €15,445 | +€11,993 | +347% |
| Amounts receivable within one year | 40/41 | - | €2,480 | +€2,480 | |
| Trade receivables | 40 | - | €2,479 | +€2,479 | |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €3,452 | €12,964 | +€9,512 | +276% |
| Total equity and liabilities | 10/49 | €26,020 | €34,469 | +€8,449 | +32.5% |
| Equity | 10/15 | €3,824 | €19,422 | +€15,598 | +408% |
| Contributions | 10/11 | €10,060 | €10,060 | = | 0.0% |
| Contributions outside capital | 11 | €10,060 | €10,060 | = | 0.0% |
| Other | 1109/19 | €10,060 | €10,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,236 | €9,362 | +€15,598 | |
| Amounts payable | 17/49 | €22,195 | €15,047 | -€7,148 | -32.2% |
| Amounts payable within one year | 42/48 | €22,195 | €15,047 | -€7,148 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €8,177 | - | -€8,177 | |
| Trade debts | 44 | €871 | €2,707 | +€1,836 | +211% |
| Suppliers | 440/4 | €871 | €2,707 | +€1,836 | +211% |
| Taxes, remuneration and social security | 45 | €503 | - | -€503 | |
| Taxes | 450/3 | €503 | - | -€503 | |
| Other amounts payable | 47/48 | €12,645 | €12,340 | -€305 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,933 | €6,198 | +€265 | +4.5% |
| Other operating charges | 640/8 | €1,616 | €932 | -€684 | -42.3% |
| Non-recurring operating charges | 66A | €20,471 | - | -€20,471 | |
| Gross operating margin | 9900 | €6,591 | €23,038 | +€16,447 | +250% |
| Operating profit (loss) | 9901 | -€21,429 | €15,908 | +€37,337 | |
| Financial charges | 65/66B | €1,082 | €310 | -€772 | -71.4% |
| Recurring financial charges | 65 | €1,082 | €310 | -€772 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,511 | €15,598 | +€38,109 | |
| Profit (loss) for the period | 9904 | -€22,511 | €15,598 | +€38,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,511 | €15,598 | +€38,109 |
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 27 October 2026 via checked.be.