MH Isolation et Immo: what changed
What changed
MH Isolation et Immo
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
€15,556
2024 · €5,264+€10,292
Equity
€78,059
2024 · €62,504+€15,556
Cash
€14,676
2024 · €15,528-€852
Balance sheet total
€97,105
2024 · €113,596-€16,491
Largest movements
Assets
- Tangible fixed assets -€12,566
down €12,566 (-13.5%), from €93,154 to €80,587
- Receivables within one year -€1,660
down €1,660 (-82.1%), from €2,023 to €363
- Deferred charges and accrued income -€1,412
down €1,412 (-48.8%), from €2,892 to €1,479
Equity and liabilities
- Reserves +€15,000
up €15,000 (+35.3%), from €42,500 to €57,500
- Trade debts -€11,435
down €11,435 (-87.2%), from €13,118 to €1,683
- Current portion of long-term debt -€9,346
down €9,346 (-57.8%), from €16,176 to €6,830
- Other debts -€9,286
down €9,286 (-75.4%), from €12,318 to €3,033
- Debts after one year -€6,830
no longer reported in 2025 (was €6,830)
Income statement
- Gross operating margin +€12,214
up €12,214 (+42.9%), from €28,460 to €40,674
- Taxes +€4,326
up €4,326 (+140%), from €3,088 to €7,413
- Staff costs -€2,622
down €2,622, from €2,125 to -€497
- Other operating charges +€716
up €716 (+40.6%), from €1,761 to €2,477
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,264
Gross operating margin
+€12,214
Staff costs
+€2,622
Depreciation
+€294
Other operating charges
-€716
Financial income
-€0
Financial charges
+€204
Taxes
-€4,326
Result 2025
€15,556
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€15,324
Investment
€0
Financing
-€16,176
Cash 2024
€15,528
From operations (derived)
+€15,324
Net result for the year
+€15,556
Depreciation
+€12,566
Receivables within one year
+€1,660
Deferred charges and accrued income
+€1,412
Trade debts
-€11,435
Tax, wage and social debts
+€4,850
Other debts
-€9,286
Financing
-€16,176
Debts after one year
-€6,830
Current portion of long-term debt
-€9,346
Cash 2025
€14,676
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,596 | €97,105 | -€16,491 | -14.5% |
| Fixed assets | 21/28 | €93,154 | €80,587 | -€12,566 | -13.5% |
| Tangible fixed assets | 22/27 | €93,154 | €80,587 | -€12,566 | -13.5% |
| Land and buildings | 22 | €79,297 | €74,321 | -€4,976 | -6.3% |
| Plant, machinery and equipment | 23 | €3,258 | €1,628 | -€1,630 | -50.0% |
| Furniture and vehicles | 24 | €10,599 | €4,638 | -€5,961 | -56.2% |
| Current assets | 29/58 | €20,443 | €16,518 | -€3,925 | -19.2% |
| Amounts receivable within one year | 40/41 | €2,023 | €363 | -€1,660 | -82.1% |
| Other amounts receivable | 41 | €2,023 | €363 | -€1,660 | -82.1% |
| Cash at bank and in hand | 54/58 | €15,528 | €14,676 | -€852 | -5.5% |
| Deferred charges and accrued income | 490/1 | €2,892 | €1,479 | -€1,412 | -48.8% |
| Total equity and liabilities | 10/49 | €113,596 | €97,105 | -€16,491 | -14.5% |
| Equity | 10/15 | €62,504 | €78,059 | +€15,556 | +24.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €42,500 | €57,500 | +€15,000 | +35.3% |
| Distributable reserves | 133 | €42,500 | €57,500 | +€15,000 | +35.3% |
| Profit (loss) carried forward | 14 | €7,604 | €8,159 | +€556 | +7.3% |
| Amounts payable | 17/49 | €51,093 | €19,046 | -€32,047 | -62.7% |
| Amounts payable after more than one year | 17 | €6,830 | - | -€6,830 | |
| Financial debts | 170/4 | €6,830 | - | -€6,830 | |
| Amounts payable within one year | 42/48 | €44,263 | €19,046 | -€25,217 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €16,176 | €6,830 | -€9,346 | -57.8% |
| Trade debts | 44 | €13,118 | €1,683 | -€11,435 | -87.2% |
| Suppliers | 440/4 | €13,118 | €1,683 | -€11,435 | -87.2% |
| Taxes, remuneration and social security | 45 | €2,650 | €7,500 | +€4,850 | +183% |
| Taxes | 450/3 | €2,650 | €7,500 | +€4,850 | +183% |
| Other amounts payable | 47/48 | €12,318 | €3,033 | -€9,286 | -75.4% |
| Remuneration, social security and pensions | 62 | €2,125 | -€497 | -€2,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,860 | €12,566 | -€294 | -2.3% |
| Other operating charges | 640/8 | €1,761 | €2,477 | +€716 | +40.6% |
| Gross operating margin | 9900 | €28,460 | €40,674 | +€12,214 | +42.9% |
| Operating profit (loss) | 9901 | €11,714 | €26,128 | +€14,414 | +123% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,363 | €3,159 | -€204 | -6.1% |
| Recurring financial charges | 65 | €3,363 | €3,159 | -€204 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €8,352 | €22,969 | +€14,617 | +175% |
| Income taxes | 67/77 | €3,088 | €7,413 | +€4,326 | +140% |
| Profit (loss) for the period | 9904 | €5,264 | €15,556 | +€10,292 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €5,264 | €15,556 | +€10,292 | +196% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.