MH ENGINEERING & MANAGEMENT: what changed
Two fiscal 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 ENGINEERING & MANAGEMENT
Largest movements
- Cash +€36,815
up €36,815 (+97.9%), from €37,600 to €74,415
mainly Net result for the year (+€42,037) and Receivables within one year (+€2,808)
- Receivables within one year -€2,808
down €2,808 (-8.1%), from €34,742 to €31,934
of which Other amounts receivable: -€3,695
- Tangible fixed assets -€1,213
down €1,213 (-15.8%), from €7,697 to €6,484
- Reserves +€26,500
up €26,500 (+33.3%), from €79,520 to €106,020
- Profit (loss) carried forward +€15,537
no longer reported in 2025 (was -€15,537)
- Trade debts -€5,926
down €5,926 (-80.0%), from €7,407 to €1,481
- Tax, wage and social debts -€3,318
down €3,318 (-71.4%), from €4,649 to €1,331
of which Remuneration and social security: -€3,000
- Gross operating margin +€50,746
up €50,746 (+412.0%), from €12,316 to €63,062
- Taxes +€14,938
up €14,938 (+10594.2%), from €141 to €15,079
- Staff costs +€991
up €991 (+52.0%), from €1,906 to €2,898
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.
Cash bridge derived
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 | €80,038 | €112,832 | +€32,794 | +41.0% |
| Fixed assets | 21/28 | €7,697 | €6,484 | -€1,213 | -15.8% |
| Tangible fixed assets | 22/27 | €7,697 | €6,484 | -€1,213 | -15.8% |
| Furniture and vehicles | 24 | €7,697 | €6,484 | -€1,213 | -15.8% |
| Current assets | 29/58 | €72,342 | €106,348 | +€34,007 | +47.0% |
| Amounts receivable within one year | 40/41 | €34,742 | €31,934 | -€2,808 | -8.1% |
| Trade receivables | 40 | €25,245 | €26,132 | +€887 | +3.5% |
| Other amounts receivable | 41 | €9,497 | €5,802 | -€3,695 | -38.9% |
| Cash at bank and in hand | 54/58 | €37,600 | €74,415 | +€36,815 | +97.9% |
| Total equity and liabilities | 10/49 | €80,038 | €112,832 | +€32,794 | +41.0% |
| Equity | 10/15 | €67,983 | €110,020 | +€42,037 | +61.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €79,520 | €106,020 | +€26,500 | +33.3% |
| Distributable reserves | 133 | €79,520 | €106,020 | +€26,500 | +33.3% |
| Profit (loss) carried forward | 14 | -€15,537 | - | +€15,537 | |
| Amounts payable | 17/49 | €12,056 | €2,812 | -€9,244 | -76.7% |
| Amounts payable within one year | 42/48 | €12,056 | €2,812 | -€9,244 | -76.7% |
| Trade debts | 44 | €7,407 | €1,481 | -€5,926 | -80.0% |
| Suppliers | 440/4 | €7,407 | €1,481 | -€5,926 | -80.0% |
| Taxes, remuneration and social security | 45 | €4,649 | €1,331 | -€3,318 | -71.4% |
| Taxes | 450/3 | €1,649 | €1,331 | -€318 | -19.3% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €1,906 | €2,898 | +€991 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,563 | €1,749 | +€187 | +11.9% |
| Other operating charges | 640/8 | €1,749 | €1,298 | -€451 | -25.8% |
| Gross operating margin | 9900 | €12,316 | €63,062 | +€50,746 | +412.0% |
| Operating profit (loss) | 9901 | €7,099 | €57,117 | +€50,018 | +704.6% |
| Financial charges | 65/66B | €107 | €1 | -€105 | -99.0% |
| Recurring financial charges | 65 | €107 | €1 | -€105 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €6,992 | €57,116 | +€50,124 | +716.8% |
| Income taxes | 67/77 | €141 | €15,079 | +€14,938 | +10594.2% |
| Profit (loss) for the period | 9904 | €6,851 | €42,037 | +€35,186 | +513.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,851 | €42,037 | +€35,186 | +513.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.