MH Immo Alliance: 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 Immo Alliance
Largest movements
- Cash +€17,780
up €17,780 (+164%), from €10,856 to €28,636
mainly Advances received (+€25,000) and Depreciation (+€9,501)
- Tangible fixed assets -€8,969
down €8,969 (-4.5%), from €199,792 to €190,824
of which Land and buildings: -€5,847
- Deferred charges and accrued income +€5,206
up €5,206 (+36,104%), from €14 to €5,221
- Advances received +€25,000
up €25,000 (+45.5%), from €55,000 to €80,000
- Debts after one year -€14,515
down €14,515 (-12.7%), from €113,887 to €99,372
- Gross operating margin +€21,580
up €21,580 (+7,357%), from €293 to €21,874
- Financial charges -€360
down €360 (-10.9%), from €3,302 to €2,942
- Depreciation -€313
down €313 (-3.2%), from €9,814 to €9,501
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 | €216,917 | €230,935 | +€14,018 | +6.5% |
| Fixed assets | 21/28 | €199,792 | €190,824 | -€8,969 | -4.5% |
| Tangible fixed assets | 22/27 | €199,792 | €190,824 | -€8,969 | -4.5% |
| Land and buildings | 22 | €193,474 | €187,626 | -€5,847 | -3.0% |
| Plant, machinery and equipment | 23 | €777 | €188 | -€589 | -75.8% |
| Furniture and vehicles | 24 | €5,542 | €3,009 | -€2,533 | -45.7% |
| Current assets | 29/58 | €17,125 | €40,112 | +€22,987 | +134% |
| Amounts receivable within one year | 40/41 | €6,255 | €6,255 | = | 0.0% |
| Other amounts receivable | 41 | €6,255 | €6,255 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,856 | €28,636 | +€17,780 | +164% |
| Deferred charges and accrued income | 490/1 | €14 | €5,221 | +€5,206 | +36,104% |
| Total equity and liabilities | 10/49 | €216,917 | €230,935 | +€14,018 | +6.5% |
| Equity | 10/15 | -€19,079 | -€17,312 | +€1,767 | +9.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,079 | -€42,312 | +€1,767 | +4.0% |
| Amounts payable | 17/49 | €235,997 | €248,248 | +€12,251 | +5.2% |
| Amounts payable after more than one year | 17 | €113,887 | €99,372 | -€14,515 | -12.7% |
| Financial debts | 170/4 | €113,887 | €99,372 | -€14,515 | -12.7% |
| Amounts payable within one year | 42/48 | €121,890 | €148,876 | +€26,986 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €14,163 | €14,515 | +€352 | +2.5% |
| Trade debts | 44 | €61 | €1,835 | +€1,775 | +2,924% |
| Suppliers | 440/4 | €61 | €1,835 | +€1,775 | +2,924% |
| Advances received on contracts in progress | 46 | €55,000 | €80,000 | +€25,000 | +45.5% |
| Other amounts payable | 47/48 | €52,666 | €52,526 | -€140 | -0.3% |
| Accrued charges and deferred income | 492/3 | €220 | - | -€220 | |
| Non-recurring operating income | 76A | €920 | €2,400 | +€1,480 | +161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,814 | €9,501 | -€313 | -3.2% |
| Other operating charges | 640/8 | €6,746 | €6,950 | +€205 | +3.0% |
| Non-recurring operating charges | 66A | - | €714 | +€714 | |
| Gross operating margin | 9900 | €293 | €21,874 | +€21,580 | +7,357% |
| Operating profit (loss) | 9901 | -€16,266 | €4,709 | +€20,975 | |
| Financial charges | 65/66B | €3,302 | €2,942 | -€360 | -10.9% |
| Recurring financial charges | 65 | €3,302 | €2,942 | -€360 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,567 | €1,767 | +€21,334 | |
| Profit (loss) for the period | 9904 | -€19,567 | €1,767 | +€21,334 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,567 | €1,767 | +€21,334 |
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 28 October 2026 via checked.be.