MH WORLDWIDE: 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 WORLDWIDE
Largest movements
- Cash -€92,372
down €92,372 (-49.1%), from €188,286 to €95,914
mainly Contributions, distributions and other (-€142,752) and Receivables within one year (-€66,806)
- Receivables within one year +€66,806
up €66,806 (+166%), from €40,188 to €106,994
of which Trade receivables: +€63,140
- Tangible fixed assets -€21,213
down €21,213 (-10.4%), from €203,496 to €182,283
of which Furniture and vehicles: -€12,627
- Reserves -€62,965
down €62,965 (-12.7%), from €495,939 to €432,974
- Tax, wage and social debts +€16,633
up €16,633 (+38.4%), from €43,364 to €59,997
of which Taxes: +€16,240
- Gross operating margin -€33,641
down €33,641 (-15.4%), from €219,034 to €185,393
- Taxes -€9,495
down €9,495 (-22.3%), from €42,608 to €33,113
- Financial charges -€3,207
down €3,207 (-94.7%), from €3,388 to €181
of which Non-recurring financial charges: -€2,776
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 | €555,720 | €509,908 | -€45,813 | -8.2% |
| Fixed assets | 21/28 | €248,546 | €227,333 | -€21,213 | -8.5% |
| Tangible fixed assets | 22/27 | €203,496 | €182,283 | -€21,213 | -10.4% |
| Land and buildings | 22 | €75,464 | €68,041 | -€7,423 | -9.8% |
| Plant, machinery and equipment | 23 | €6,323 | €5,306 | -€1,017 | -16.1% |
| Furniture and vehicles | 24 | €20,596 | €7,970 | -€12,627 | -61.3% |
| Other tangible fixed assets | 26 | €101,113 | €100,966 | -€147 | -0.1% |
| Financial fixed assets | 28 | €45,050 | €45,050 | = | 0.0% |
| Current assets | 29/58 | €307,175 | €282,575 | -€24,600 | -8.0% |
| Amounts receivable within one year | 40/41 | €40,188 | €106,994 | +€66,806 | +166% |
| Trade receivables | 40 | €31,488 | €94,628 | +€63,140 | +201% |
| Other amounts receivable | 41 | €8,700 | €12,367 | +€3,666 | +42.1% |
| Current investments | 50/53 | €74,459 | €75,595 | +€1,137 | +1.5% |
| Cash at bank and in hand | 54/58 | €188,286 | €95,914 | -€92,372 | -49.1% |
| Deferred charges and accrued income | 490/1 | €4,242 | €4,071 | -€171 | -4.0% |
| Total equity and liabilities | 10/49 | €555,720 | €509,908 | -€45,813 | -8.2% |
| Equity | 10/15 | €495,939 | €432,974 | -€62,965 | -12.7% |
| Reserves | 13 | €495,939 | €432,974 | -€62,965 | -12.7% |
| Distributable reserves | 133 | €495,939 | €432,974 | -€62,965 | -12.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,781 | €76,934 | +€17,153 | +28.7% |
| Amounts payable within one year | 42/48 | €58,856 | €76,934 | +€18,078 | +30.7% |
| Trade debts | 44 | €14,729 | €16,937 | +€2,208 | +15.0% |
| Suppliers | 440/4 | €14,729 | €16,937 | +€2,208 | +15.0% |
| Taxes, remuneration and social security | 45 | €43,364 | €59,997 | +€16,633 | +38.4% |
| Taxes | 450/3 | €32,993 | €49,234 | +€16,240 | +49.2% |
| Remuneration and social security | 454/9 | €10,370 | €10,763 | +€393 | +3.8% |
| Other amounts payable | 47/48 | €764 | €0 | -€764 | -100% |
| Accrued charges and deferred income | 492/3 | €925 | €0 | -€925 | -100% |
| Remuneration, social security and pensions | 62 | €43,950 | €44,365 | +€415 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,814 | €27,213 | +€1,399 | +5.4% |
| Other operating charges | 640/8 | €1,365 | €2,437 | +€1,072 | +78.6% |
| Gross operating margin | 9900 | €219,034 | €185,393 | -€33,641 | -15.4% |
| Operating profit (loss) | 9901 | €147,906 | €111,378 | -€36,527 | -24.7% |
| Financial income | 75/76B | €1,414 | €1,702 | +€289 | +20.4% |
| Recurring financial income | 75 | €1,414 | €1,702 | +€289 | +20.4% |
| Financial charges | 65/66B | €3,388 | €181 | -€3,207 | -94.7% |
| Recurring financial charges | 65 | €613 | €181 | -€432 | -70.5% |
| Non-recurring financial charges | 66B | €2,776 | €0 | -€2,776 | -100% |
| Profit (loss) for the period before taxes | 9903 | €145,931 | €112,900 | -€33,031 | -22.6% |
| Income taxes | 67/77 | €42,608 | €33,113 | -€9,495 | -22.3% |
| Profit (loss) for the period | 9904 | €103,323 | €79,787 | -€23,536 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,323 | €79,787 | -€23,536 | -22.8% |
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 14 October 2026 via checked.be.