MH SOLUTIONS: what changed
Two fiscal 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 SOLUTIONS
Largest movements
- Receivables within one year +€51,358
up €51,358 (+186.7%), from €27,503 to €78,860
of which Other amounts receivable: +€47,000
- Tangible fixed assets -€20,300
down €20,300 (-2.3%), from €875,473 to €855,173
- Debts after one year -€94,717
down €94,717 (-8.2%), from €1.2m to €1.1m
- Profit (loss) carried forward +€70,380
up €70,380 (+39.6%), from €177,559 to €247,939
- Other debts +€50,069
new in 2025: €50,069
- Gross operating margin -€14,132
down €14,132 (-8.8%), from €161,304 to €147,172
- Financial income +€10,000
up €10,000 (+25.0%), from €40,000 to €50,000
- Taxes +€5,926
up €5,926 (+49.7%), from €11,934 to €17,860
- Financial charges -€3,266
down €3,266 (-8.1%), from €40,393 to €37,126
- Other operating charges -€1,861
down €1,861 (-55.3%), from €3,367 to €1,506
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.
Cash bridge derived
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 | €1,414,524 | €1,436,169 | +€21,645 | +1.5% |
| Fixed assets | 21/28 | €1,350,825 | €1,330,525 | -€20,300 | -1.5% |
| Tangible fixed assets | 22/27 | €875,473 | €855,173 | -€20,300 | -2.3% |
| Land and buildings | 22 | €875,473 | €855,173 | -€20,300 | -2.3% |
| Financial fixed assets | 28 | €475,352 | €475,352 | = | 0.0% |
| Current assets | 29/58 | €63,699 | €105,644 | +€41,945 | +65.8% |
| Amounts receivable within one year | 40/41 | €27,503 | €78,860 | +€51,358 | +186.7% |
| Trade receivables | 40 | €24,503 | €28,860 | +€4,358 | +17.8% |
| Other amounts receivable | 41 | €3,000 | €50,000 | +€47,000 | +1566.7% |
| Cash at bank and in hand | 54/58 | €33,759 | €26,784 | -€6,975 | -20.7% |
| Deferred charges and accrued income | 490/1 | €2,438 | - | -€2,438 | |
| Total equity and liabilities | 10/49 | €1,414,524 | €1,436,169 | +€21,645 | +1.5% |
| Equity | 10/15 | €179,559 | €249,939 | +€70,380 | +39.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,559 | €247,939 | +€70,380 | +39.6% |
| Amounts payable | 17/49 | €1,234,965 | €1,186,231 | -€48,734 | -3.9% |
| Amounts payable after more than one year | 17 | €1,155,678 | €1,060,961 | -€94,717 | -8.2% |
| Financial debts | 170/4 | €1,155,678 | €1,060,961 | -€94,717 | -8.2% |
| Amounts payable within one year | 42/48 | €76,880 | €123,193 | +€46,313 | +60.2% |
| Current portion of amounts payable after more than one year | 42 | €44,772 | €44,772 | = | 0.0% |
| Financial debts | 43 | €3,381 | €5,045 | +€1,664 | +49.2% |
| Credit institutions | 430/8 | €3,381 | €5,045 | +€1,664 | +49.2% |
| Trade debts | 44 | €9,935 | €7,361 | -€2,574 | -25.9% |
| Suppliers | 440/4 | €9,935 | €7,361 | -€2,574 | -25.9% |
| Taxes, remuneration and social security | 45 | €18,792 | €15,947 | -€2,845 | -15.1% |
| Taxes | 450/3 | €13,992 | €11,147 | -€2,845 | -20.3% |
| Remuneration and social security | 454/9 | €4,800 | €4,800 | = | 0.0% |
| Other amounts payable | 47/48 | - | €50,069 | +€50,069 | |
| Accrued charges and deferred income | 492/3 | €2,407 | €2,076 | -€331 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,300 | €20,300 | = | 0.0% |
| Other operating charges | 640/8 | €3,367 | €1,506 | -€1,861 | -55.3% |
| Gross operating margin | 9900 | €161,304 | €147,172 | -€14,132 | -8.8% |
| Operating profit (loss) | 9901 | €137,637 | €125,366 | -€12,271 | -8.9% |
| Financial income | 75/76B | €40,000 | €50,000 | +€10,000 | +25.0% |
| Recurring financial income | 75 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Financial charges | 65/66B | €40,393 | €37,126 | -€3,266 | -8.1% |
| Recurring financial charges | 65 | €40,393 | €37,126 | -€3,266 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €137,244 | €138,240 | +€995 | +0.7% |
| Income taxes | 67/77 | €11,934 | €17,860 | +€5,926 | +49.7% |
| Profit (loss) for the period | 9904 | €125,310 | €120,380 | -€4,931 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,310 | €120,380 | -€4,931 | -3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.