MH MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€767,211
down €767,211 (-96.8%), from €792,621 to €25,410
of which Other amounts receivable: -€768,421
- Profit (loss) carried forward +€807,998
up €807,998 (+101%), from €798,898 to €1.6m
- Debts after one year -€750,000
down €750,000 (-12.5%), from €6.0m to €5.3m
- Other debts -€750,000
down €750,000 (-50.0%), from €1.5m to €750,000
- Financial charges -€15,103
down €15,103 (-13.4%), from €112,545 to €97,442
- Taxes +€3,034
up €3,034 (+28.8%), from €10,519 to €13,553
- Gross operating margin -€2,968
down €2,968 (-1.9%), from €153,541 to €150,572
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 | €8,376,621 | €7,679,439 | -€697,182 | -8.3% |
| Fixed assets | 21/28 | €7,500,000 | €7,500,000 | = | 0.0% |
| Financial fixed assets | 28 | €7,500,000 | €7,500,000 | = | 0.0% |
| Current assets | 29/58 | €876,621 | €179,439 | -€697,182 | -79.5% |
| Amounts receivable within one year | 40/41 | €792,621 | €25,410 | -€767,211 | -96.8% |
| Trade receivables | 40 | €24,200 | €25,410 | +€1,210 | +5.0% |
| Other amounts receivable | 41 | €768,421 | - | -€768,421 | |
| Cash at bank and in hand | 54/58 | €84,000 | €154,029 | +€70,029 | +83.4% |
| Total equity and liabilities | 10/49 | €8,376,621 | €7,679,439 | -€697,182 | -8.3% |
| Equity | 10/15 | €800,898 | €1,608,896 | +€807,998 | +101% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €798,898 | €1,606,896 | +€807,998 | +101% |
| Amounts payable | 17/49 | €7,575,724 | €6,070,543 | -€1.5m | -19.9% |
| Amounts payable after more than one year | 17 | €6,000,000 | €5,250,000 | -€750,000 | -12.5% |
| Other amounts payable | 178/9 | €6,000,000 | €5,250,000 | -€750,000 | -12.5% |
| Amounts payable within one year | 42/48 | €1,547,445 | €773,355 | -€774,090 | -50.0% |
| Trade debts | 44 | €695 | €452 | -€242 | -34.9% |
| Suppliers | 440/4 | €695 | €452 | -€242 | -34.9% |
| Taxes, remuneration and social security | 45 | €46,750 | €22,902 | -€23,848 | -51.0% |
| Taxes | 450/3 | €28,650 | €22,902 | -€5,748 | -20.1% |
| Remuneration and social security | 454/9 | €18,100 | - | -€18,100 | |
| Other amounts payable | 47/48 | €1,500,000 | €750,000 | -€750,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €28,279 | €47,188 | +€18,910 | +66.9% |
| Gross operating margin | 9900 | €153,541 | €150,572 | -€2,968 | -1.9% |
| Operating profit (loss) | 9901 | €153,541 | €150,572 | -€2,968 | -1.9% |
| Financial income | 75/76B | €768,421 | €768,421 | = | 0.0% |
| Recurring financial income | 75 | €768,421 | €768,421 | = | 0.0% |
| Financial charges | 65/66B | €112,545 | €97,442 | -€15,103 | -13.4% |
| Recurring financial charges | 65 | €112,545 | €97,442 | -€15,103 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €809,417 | €821,551 | +€12,134 | +1.5% |
| Income taxes | 67/77 | €10,519 | €13,553 | +€3,034 | +28.8% |
| Profit (loss) for the period | 9904 | €798,898 | €807,998 | +€9,101 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €798,898 | €807,998 | +€9,101 | +1.1% |
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 17 October 2026 via checked.be.