MH Global Consulting: 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 Global Consulting
Largest movements
- Cash -€12,797
down €12,797 (-96.0%), from €13,332 to €535
mainly Trade debts (-€14,324) and Other debts (-€10,205)
- Receivables within one year -€6,132
down €6,132 (-46.7%), from €13,133 to €7,000
- Tangible fixed assets -€2,043
down €2,043 (-10.7%), from €19,019 to €16,977
of which Plant, machinery and equipment: -€1,468
- Deferred charges and accrued income +€1,619
up €1,619 (+5.0%), from €32,616 to €34,235
- Trade debts -€14,324
down €14,324 (-93.0%), from €15,409 to €1,085
- Other debts -€10,205
no longer reported in 2025 (was €10,205)
- Reserves +€7,000
up €7,000 (+25.1%), from €27,853 to €34,853
- Debts after one year -€3,600
down €3,600 (-48.8%), from €7,374 to €3,774
- Tax, wage and social debts +€1,446
up €1,446 (+12.6%), from €11,449 to €12,895
- Gross operating margin -€7,819
down €7,819 (-36.9%), from €21,202 to €13,384
- Taxes -€2,921
down €2,921 (-52.1%), from €5,602 to €2,681
- Financial charges -€1,135
down €1,135 (-55.0%), from €2,065 to €929
- Other operating charges +€556
up €556 (+471%), from €118 to €674
- Depreciation -€366
down €366 (-15.2%), from €2,409 to €2,043
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 | €78,141 | €58,788 | -€19,353 | -24.8% |
| Fixed assets | 21/28 | €19,059 | €17,017 | -€2,043 | -10.7% |
| Tangible fixed assets | 22/27 | €19,019 | €16,977 | -€2,043 | -10.7% |
| Plant, machinery and equipment | 23 | €15,141 | €13,673 | -€1,468 | -9.7% |
| Furniture and vehicles | 24 | €3,878 | €3,303 | -€575 | -14.8% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €59,081 | €41,771 | -€17,310 | -29.3% |
| Amounts receivable within one year | 40/41 | €13,133 | €7,000 | -€6,132 | -46.7% |
| Trade receivables | 40 | €13,133 | €7,000 | -€6,132 | -46.7% |
| Cash at bank and in hand | 54/58 | €13,332 | €535 | -€12,797 | -96.0% |
| Deferred charges and accrued income | 490/1 | €32,616 | €34,235 | +€1,619 | +5.0% |
| Total equity and liabilities | 10/49 | €78,141 | €58,788 | -€19,353 | -24.8% |
| Equity | 10/15 | €30,282 | €37,435 | +€7,153 | +23.6% |
| Contributions | 10/11 | €2,420 | €2,420 | = | 0.0% |
| Reserves | 13 | €27,853 | €34,853 | +€7,000 | +25.1% |
| Distributable reserves | 133 | €27,853 | €34,853 | +€7,000 | +25.1% |
| Profit (loss) carried forward | 14 | €9 | €162 | +€153 | +1,637% |
| Amounts payable | 17/49 | €47,859 | €21,353 | -€26,506 | -55.4% |
| Amounts payable after more than one year | 17 | €7,374 | €3,774 | -€3,600 | -48.8% |
| Financial debts | 170/4 | €7,374 | €3,774 | -€3,600 | -48.8% |
| Amounts payable within one year | 42/48 | €40,484 | €17,579 | -€22,906 | -56.6% |
| Financial debts | 43 | €3,422 | €3,599 | +€177 | +5.2% |
| Credit institutions | 430/8 | €3,422 | €3,599 | +€177 | +5.2% |
| Trade debts | 44 | €15,409 | €1,085 | -€14,324 | -93.0% |
| Suppliers | 440/4 | €15,409 | €1,085 | -€14,324 | -93.0% |
| Taxes, remuneration and social security | 45 | €11,449 | €12,895 | +€1,446 | +12.6% |
| Taxes | 450/3 | €11,449 | €12,895 | +€1,446 | +12.6% |
| Other amounts payable | 47/48 | €10,205 | - | -€10,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,409 | €2,043 | -€366 | -15.2% |
| Other operating charges | 640/8 | €118 | €674 | +€556 | +471% |
| Gross operating margin | 9900 | €21,202 | €13,384 | -€7,819 | -36.9% |
| Operating profit (loss) | 9901 | €18,676 | €10,667 | -€8,009 | -42.9% |
| Financial income | 75/76B | - | €97 | +€97 | |
| Recurring financial income | 75 | - | €97 | +€97 | |
| Financial charges | 65/66B | €2,065 | €929 | -€1,135 | -55.0% |
| Recurring financial charges | 65 | €2,065 | €929 | -€1,135 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €16,611 | €9,834 | -€6,777 | -40.8% |
| Income taxes | 67/77 | €5,602 | €2,681 | -€2,921 | -52.1% |
| Profit (loss) for the period | 9904 | €11,009 | €7,153 | -€3,856 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,009 | €7,153 | -€3,856 | -35.0% |
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 22 October 2026 via checked.be.