MH WOODWORK: 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 WOODWORK
Largest movements
- Receivables within one year +€52,404
up €52,404 (+7,813%), from €671 to €53,075
of which Trade receivables: +€47,595
- Cash +€1,499
up €1,499 (+3.5%), from €42,629 to €44,127
mainly Net result for the year (+€48,375) and Other debts (+€11,555)
- Profit (loss) carried forward +€33,375
up €33,375 (+88.4%), from €37,767 to €71,142
- Other debts +€11,555
up €11,555 (+255,073%), from €5 to €11,559
- Trade debts +€9,228
up €9,228 (+12,000%), from €77 to €9,305
- Current portion of long-term debt -€5,439
no longer reported in 2025 (was €5,439)
- Tax, wage and social debts +€4,500
new in 2025: €4,500
- Gross operating margin +€35,343
up €35,343 (+194%), from €18,206 to €53,548
- Taxes +€4,023
new in 2025: €4,023
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 | €45,787 | €99,006 | +€53,219 | +116% |
| Fixed assets | 21/28 | €2,488 | €1,804 | -€684 | -27.5% |
| Tangible fixed assets | 22/27 | €2,488 | €1,804 | -€684 | -27.5% |
| Furniture and vehicles | 24 | €2,488 | €1,804 | -€684 | -27.5% |
| Current assets | 29/58 | €43,299 | €97,202 | +€53,903 | +124% |
| Amounts receivable within one year | 40/41 | €671 | €53,075 | +€52,404 | +7,813% |
| Trade receivables | 40 | - | €47,595 | +€47,595 | |
| Other amounts receivable | 41 | €671 | €5,480 | +€4,809 | +717% |
| Cash at bank and in hand | 54/58 | €42,629 | €44,127 | +€1,499 | +3.5% |
| Total equity and liabilities | 10/49 | €45,787 | €99,006 | +€53,219 | +116% |
| Equity | 10/15 | €40,267 | €73,642 | +€33,375 | +82.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,767 | €71,142 | +€33,375 | +88.4% |
| Amounts payable | 17/49 | €5,520 | €25,364 | +€19,844 | +359% |
| Amounts payable within one year | 42/48 | €5,520 | €25,364 | +€19,844 | +359% |
| Current portion of amounts payable after more than one year | 42 | €5,439 | - | -€5,439 | |
| Trade debts | 44 | €77 | €9,305 | +€9,228 | +12,000% |
| Suppliers | 440/4 | €77 | €9,305 | +€9,228 | +12,000% |
| Taxes, remuneration and social security | 45 | - | €4,500 | +€4,500 | |
| Taxes | 450/3 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €5 | €11,559 | +€11,555 | +255,073% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €684 | +€460 | +205% |
| Other operating charges | 640/8 | - | €300 | +€300 | |
| Gross operating margin | 9900 | €18,206 | €53,548 | +€35,343 | +194% |
| Operating profit (loss) | 9901 | €17,982 | €52,564 | +€34,582 | +192% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €64 | €166 | +€102 | +160% |
| Recurring financial charges | 65 | €64 | €166 | +€102 | +160% |
| Profit (loss) for the period before taxes | 9903 | €17,918 | €52,399 | +€34,480 | +192% |
| Income taxes | 67/77 | - | €4,023 | +€4,023 | |
| Profit (loss) for the period | 9904 | €17,918 | €48,375 | +€30,457 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €17,918 | €48,375 | +€30,457 | +170% |
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 27 October 2026 via checked.be.