MH Innovation: 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 Innovation
Largest movements
- Cash +€23,429
up €23,429 (+23.4%), from €100,268 to €123,697
mainly Other debts (+€150,800) and Net result for the year (+€52,552)
- Receivables within one year +€22,921
up €22,921 (+51.5%), from €44,485 to €67,407
of which Other amounts receivable: +€12,354
- Intangible fixed assets +€3,485
new in 2025: €3,485
- Tangible fixed assets -€2,124
down €2,124 (-64.0%), from €3,321 to €1,197
of which Plant, machinery and equipment: -€1,476
- Other debts +€150,800
up €150,800 (+18,103%), from €833 to €151,633
- Reserves -€56,481
down €56,481 (-69.3%), from €81,539 to €25,059
- Profit (loss) carried forward -€42,600
no longer reported in 2025 (was €42,600)
- Gross operating margin +€30,550
up €30,550 (+77.3%), from €39,522 to €70,072
- Taxes +€4,597
up €4,597 (+43.4%), from €10,585 to €15,183
- Financial income +€761
up €761 (+204%), from €373 to €1,134
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 | €149,142 | €197,967 | +€48,825 | +32.7% |
| Fixed assets | 21/28 | €3,321 | €4,682 | +€1,361 | +41.0% |
| Intangible fixed assets | 21 | - | €3,485 | +€3,485 | |
| Tangible fixed assets | 22/27 | €3,321 | €1,197 | -€2,124 | -64.0% |
| Plant, machinery and equipment | 23 | €1,674 | €199 | -€1,476 | -88.1% |
| Furniture and vehicles | 24 | €1,647 | €999 | -€649 | -39.4% |
| Current assets | 29/58 | €145,820 | €193,285 | +€47,465 | +32.6% |
| Amounts receivable within one year | 40/41 | €44,485 | €67,407 | +€22,921 | +51.5% |
| Trade receivables | 40 | €30,566 | €41,133 | +€10,567 | +34.6% |
| Other amounts receivable | 41 | €13,919 | €26,274 | +€12,354 | +88.8% |
| Cash at bank and in hand | 54/58 | €100,268 | €123,697 | +€23,429 | +23.4% |
| Deferred charges and accrued income | 490/1 | €1,067 | €2,182 | +€1,114 | +104% |
| Total equity and liabilities | 10/49 | €149,142 | €197,967 | +€48,825 | +32.7% |
| Equity | 10/15 | €124,640 | €25,559 | -€99,081 | -79.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €81,539 | €25,059 | -€56,481 | -69.3% |
| Distributable reserves | 133 | €81,539 | €25,059 | -€56,481 | -69.3% |
| Profit (loss) carried forward | 14 | €42,600 | - | -€42,600 | |
| Amounts payable | 17/49 | €24,502 | €172,408 | +€147,906 | +604% |
| Amounts payable within one year | 42/48 | €23,012 | €172,408 | +€149,396 | +649% |
| Trade debts | 44 | €2,468 | €2,937 | +€469 | +19.0% |
| Suppliers | 440/4 | €2,468 | €2,937 | +€469 | +19.0% |
| Taxes, remuneration and social security | 45 | €19,711 | €17,839 | -€1,873 | -9.5% |
| Taxes | 450/3 | €19,592 | €17,717 | -€1,875 | -9.6% |
| Remuneration and social security | 454/9 | €119 | €122 | +€2 | +1.8% |
| Other amounts payable | 47/48 | €833 | €151,633 | +€150,800 | +18,103% |
| Accrued charges and deferred income | 492/3 | €1,490 | - | -€1,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,896 | €2,706 | -€191 | -6.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €178 | +€178 | |
| Gross operating margin | 9900 | €39,522 | €70,072 | +€30,550 | +77.3% |
| Operating profit (loss) | 9901 | €36,238 | €66,788 | +€30,550 | +84.3% |
| Financial income | 75/76B | €373 | €1,134 | +€761 | +204% |
| Recurring financial income | 75 | €373 | €1,134 | +€761 | +204% |
| Financial charges | 65/66B | €134 | €188 | +€54 | +40.1% |
| Recurring financial charges | 65 | €134 | €188 | +€54 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €36,477 | €67,734 | +€31,257 | +85.7% |
| Income taxes | 67/77 | €10,585 | €15,183 | +€4,597 | +43.4% |
| Profit (loss) for the period | 9904 | €25,892 | €52,552 | +€26,660 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €25,892 | €52,552 | +€26,660 | +103% |
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 1 November 2026 via checked.be.