MH POOL: 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 POOL
Largest movements
- Receivables within one year -€97,450
down €97,450 (-63.7%), from €152,953 to €55,503
of which Other amounts receivable: -€58,847
- Stocks and contracts -€70,068
down €70,068 (-27.0%), from €259,233 to €189,165
of which Stocks: -€70,068
- Tangible fixed assets -€46,019
down €46,019 (-43.7%), from €105,416 to €59,398
of which Furniture and vehicles: -€37,990
- Deferred charges and accrued income -€6,262
down €6,262 (-50.7%), from €12,352 to €6,090
- Profit (loss) carried forward -€102,752
down €102,752, from €83,799 to -€18,953
- Trade debts -€48,290
down €48,290 (-53.1%), from €90,909 to €42,618
- Short-term financial debts -€42,927
down €42,927 (-21.7%), from €198,261 to €155,334
- Debts after one year -€33,071
down €33,071 (-49.3%), from €67,022 to €33,951
- Other debts +€23,145
up €23,145 (+2,616%), from €885 to €24,030
- Gross operating margin +€125,449
up €125,449 (+219%), from €57,287 to €182,735
- Staff costs -€58,383
down €58,383 (-23.5%), from €248,391 to €190,008
- Other operating charges -€27,910
down €27,910 (-71.1%), from €39,238 to €11,327
- Write-downs +€21,600
up €21,600, from -€10,035 to €11,565
- Financial charges +€8,770
up €8,770 (+50.6%), from €17,319 to €26,088
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 | €536,501 | €319,380 | -€217,121 | -40.5% |
| Fixed assets | 21/28 | €110,771 | €64,124 | -€46,647 | -42.1% |
| Intangible fixed assets | 21 | €2,355 | €1,708 | -€647 | -27.5% |
| Tangible fixed assets | 22/27 | €105,416 | €59,398 | -€46,019 | -43.7% |
| Plant, machinery and equipment | 23 | €16,720 | €8,761 | -€7,959 | -47.6% |
| Furniture and vehicles | 24 | €88,627 | €50,636 | -€37,990 | -42.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €70 | €0 | -€70 | -100% |
| Financial fixed assets | 28 | €3,000 | €3,018 | +€18 | +0.6% |
| Current assets | 29/58 | €425,730 | €255,256 | -€170,474 | -40.0% |
| Stocks and contracts in progress | 3 | €259,233 | €189,165 | -€70,068 | -27.0% |
| Stocks | 30/36 | €259,233 | €189,165 | -€70,068 | -27.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €152,953 | €55,503 | -€97,450 | -63.7% |
| Trade receivables | 40 | €88,300 | €49,696 | -€38,603 | -43.7% |
| Other amounts receivable | 41 | €64,654 | €5,807 | -€58,847 | -91.0% |
| Cash at bank and in hand | 54/58 | €1,191 | €4,497 | +€3,306 | +278% |
| Deferred charges and accrued income | 490/1 | €12,352 | €6,090 | -€6,262 | -50.7% |
| Total equity and liabilities | 10/49 | €536,501 | €319,380 | -€217,121 | -40.5% |
| Equity | 10/15 | €89,099 | -€13,653 | -€102,752 | |
| Contributions | 10/11 | €5,300 | €5,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,799 | -€18,953 | -€102,752 | |
| Amounts payable | 17/49 | €447,402 | €333,033 | -€114,369 | -25.6% |
| Amounts payable after more than one year | 17 | €67,022 | €33,951 | -€33,071 | -49.3% |
| Financial debts | 170/4 | €67,022 | €33,951 | -€33,071 | -49.3% |
| Amounts payable within one year | 42/48 | €380,379 | €295,946 | -€84,434 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €30,524 | €26,071 | -€4,452 | -14.6% |
| Financial debts | 43 | €198,261 | €155,334 | -€42,927 | -21.7% |
| Credit institutions | 430/8 | €198,261 | €155,334 | -€42,927 | -21.7% |
| Trade debts | 44 | €90,909 | €42,618 | -€48,290 | -53.1% |
| Suppliers | 440/4 | €90,909 | €42,618 | -€48,290 | -53.1% |
| Taxes, remuneration and social security | 45 | €59,801 | €47,892 | -€11,909 | -19.9% |
| Taxes | 450/3 | €11,180 | €30,280 | +€19,100 | +171% |
| Remuneration and social security | 454/9 | €48,621 | €17,611 | -€31,009 | -63.8% |
| Other amounts payable | 47/48 | €885 | €24,030 | +€23,145 | +2,616% |
| Accrued charges and deferred income | 492/3 | - | €3,136 | +€3,136 | |
| Non-recurring operating income | 76A | - | €379 | +€379 | |
| Remuneration, social security and pensions | 62 | €248,391 | €190,008 | -€58,383 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,274 | €48,724 | -€1,550 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,035 | €11,565 | +€21,600 | |
| Other operating charges | 640/8 | €39,238 | €11,327 | -€27,910 | -71.1% |
| Gross operating margin | 9900 | €57,287 | €182,735 | +€125,449 | +219% |
| Operating profit (loss) | 9901 | -€270,581 | -€78,889 | +€191,692 | +70.8% |
| Financial income | 75/76B | €4,210 | €2,225 | -€1,985 | -47.1% |
| Recurring financial income | 75 | €4,210 | €2,225 | -€1,985 | -47.1% |
| Financial charges | 65/66B | €17,319 | €26,088 | +€8,770 | +50.6% |
| Recurring financial charges | 65 | €17,319 | €26,088 | +€8,770 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | -€283,690 | -€102,752 | +€180,938 | +63.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€283,690 | -€102,752 | +€180,938 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€283,690 | -€102,752 | +€180,938 | +63.8% |
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.