MH TECH: 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 TECH
Largest movements
- Receivables within one year +€11,210
up €11,210 (+38.5%), from €29,088 to €40,297
of which Trade receivables: +€11,252
- Tangible fixed assets +€10,089
up €10,089 (+455.5%), from €2,215 to €12,304
- Financial fixed assets +€1,200
new in 2025: €1,200
- Cash +€1,041
up €1,041 (+14.6%), from €7,119 to €8,159
mainly Net result for the year (+€18,680) and Tax, wage and social debts (+€7,785)
- Profit (loss) carried forward +€18,680
up €18,680 (+248.4%), from €7,520 to €26,200
- Tax, wage and social debts +€7,785
up €7,785 (+180.4%), from €4,316 to €12,101
of which Taxes: +€6,211
- Trade debts -€2,926
down €2,926 (-17.0%), from €17,221 to €14,294
- Purchases and services +€21,323
up €21,323 (+31.4%), from €67,926 to €89,248
- Gross operating margin +€19,937
up €19,937 (+146.6%), from €13,600 to €33,537
- Taxes +€4,746
up €4,746 (+240.3%), from €1,975 to €6,721
- Other operating charges +€2,716
up €2,716 (+1507.4%), from €180 to €2,896
- Depreciation +€1,472
up €1,472 (+66.5%), from €2,215 to €3,686
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 | €38,421 | €61,960 | +€23,539 | +61.3% |
| Fixed assets | 21/28 | €2,215 | €13,504 | +€11,289 | +509.7% |
| Tangible fixed assets | 22/27 | €2,215 | €12,304 | +€10,089 | +455.5% |
| Furniture and vehicles | 24 | €2,215 | €12,304 | +€10,089 | +455.5% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €36,206 | €48,457 | +€12,250 | +33.8% |
| Amounts receivable within one year | 40/41 | €29,088 | €40,297 | +€11,210 | +38.5% |
| Trade receivables | 40 | €20,961 | €32,213 | +€11,252 | +53.7% |
| Other amounts receivable | 41 | €8,126 | €8,084 | -€42 | -0.5% |
| Cash at bank and in hand | 54/58 | €7,119 | €8,159 | +€1,041 | +14.6% |
| Total equity and liabilities | 10/49 | €38,421 | €61,960 | +€23,539 | +61.3% |
| Equity | 10/15 | €13,520 | €32,200 | +€18,680 | +138.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,520 | €26,200 | +€18,680 | +248.4% |
| Amounts payable | 17/49 | €24,901 | €29,760 | +€4,859 | +19.5% |
| Amounts payable within one year | 42/48 | €24,901 | €29,760 | +€4,859 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €308 | €308 | = | 0.0% |
| Trade debts | 44 | €17,221 | €14,294 | -€2,926 | -17.0% |
| Suppliers | 440/4 | €17,221 | €14,294 | -€2,926 | -17.0% |
| Taxes, remuneration and social security | 45 | €4,316 | €12,101 | +€7,785 | +180.4% |
| Taxes | 450/3 | €4,316 | €10,527 | +€6,211 | +143.9% |
| Remuneration and social security | 454/9 | €0 | €1,574 | +€1,574 | +3935600.0% |
| Other amounts payable | 47/48 | €3,057 | €3,057 | = | 0.0% |
| Non-recurring operating income | 76A | - | €8,859 | +€8,859 | |
| Goods, raw materials, services and sundry goods | 60/61 | €67,926 | €89,248 | +€21,323 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,215 | €3,686 | +€1,472 | +66.5% |
| Other operating charges | 640/8 | €180 | €2,896 | +€2,716 | +1507.4% |
| Non-recurring operating charges | 66A | €507 | €882 | +€375 | +74.0% |
| Gross operating margin | 9900 | €13,600 | €33,537 | +€19,937 | +146.6% |
| Operating profit (loss) | 9901 | €10,698 | €26,072 | +€15,374 | +143.7% |
| Financial charges | 65/66B | €823 | €671 | -€152 | -18.5% |
| Recurring financial charges | 65 | €823 | €671 | -€152 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €9,875 | €25,401 | +€15,526 | +157.2% |
| Income taxes | 67/77 | €1,975 | €6,721 | +€4,746 | +240.3% |
| Profit (loss) for the period | 9904 | €7,900 | €18,680 | +€10,780 | +136.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,900 | €18,680 | +€10,780 | +136.5% |
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 1 October 2026 via checked.be.