MHA CONSULTING: 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.
MHA CONSULTING
Largest movements
- Cash +€8,442
up €8,442 (+8.1%), from €103,658 to €112,101
mainly Net result for the year (+€8,519) and Trade debts (+€2,603)
- Receivables within one year +€6,692
up €6,692 (+39.4%), from €16,992 to €23,684
of which Trade receivables: +€7,389
- Reserves +€8,519
up €8,519 (+4.7%), from €182,123 to €190,643
- Trade debts +€2,603
up €2,603 (+1,194%), from €218 to €2,821
- Gross operating margin -€4,995
down €4,995 (-25.0%), from €19,986 to €14,991
- Taxes +€763
up €763 (+26.2%), from €2,910 to €3,672
- Financial income +€711
up €711 (+66.7%), from €1,066 to €1,777
- Financial charges -€660
down €660 (-23.2%), from €2,845 to €2,185
of which Financial charges: -€1,000
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 | €203,956 | €216,466 | +€12,510 | +6.1% |
| Fixed assets | 21/28 | €77,171 | €75,922 | -€1,249 | -1.6% |
| Tangible fixed assets | 22/27 | €7,146 | €5,897 | -€1,249 | -17.5% |
| Furniture and vehicles | 24 | €342 | €92 | -€249 | -73.0% |
| Other tangible fixed assets | 26 | €6,805 | €5,805 | -€1,000 | -14.7% |
| Financial fixed assets | 28 | €70,025 | €70,025 | = | 0.0% |
| Current assets | 29/58 | €126,785 | €140,544 | +€13,760 | +10.9% |
| Amounts receivable after more than one year | 29 | €3,563 | €2,343 | -€1,220 | -34.2% |
| Other amounts receivable | 291 | €3,563 | €2,343 | -€1,220 | -34.2% |
| Amounts receivable within one year | 40/41 | €16,992 | €23,684 | +€6,692 | +39.4% |
| Trade receivables | 40 | €14,093 | €21,482 | +€7,389 | +52.4% |
| Other amounts receivable | 41 | €2,899 | €2,202 | -€697 | -24.0% |
| Cash at bank and in hand | 54/58 | €103,658 | €112,101 | +€8,442 | +8.1% |
| Deferred charges and accrued income | 490/1 | €2,571 | €2,417 | -€154 | -6.0% |
| Total equity and liabilities | 10/49 | €203,956 | €216,466 | +€12,510 | +6.1% |
| Equity | 10/15 | €194,523 | €203,043 | +€8,519 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €182,123 | €190,643 | +€8,519 | +4.7% |
| Distributable reserves | 133 | €182,123 | €190,643 | +€8,519 | +4.7% |
| Amounts payable | 17/49 | €9,433 | €13,424 | +€3,991 | +42.3% |
| Amounts payable within one year | 42/48 | €9,433 | €13,424 | +€3,991 | +42.3% |
| Trade debts | 44 | €218 | €2,821 | +€2,603 | +1,194% |
| Suppliers | 440/4 | €218 | €2,821 | +€2,603 | +1,194% |
| Taxes, remuneration and social security | 45 | €9,215 | €10,603 | +€1,388 | +15.1% |
| Taxes | 450/3 | €9,215 | €10,603 | +€1,388 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,249 | €1,249 | = | 0.0% |
| Other operating charges | 640/8 | €1,005 | €1,142 | +€137 | +13.7% |
| Gross operating margin | 9900 | €19,986 | €14,991 | -€4,995 | -25.0% |
| Operating profit (loss) | 9901 | €17,732 | €12,599 | -€5,133 | -28.9% |
| Financial income | 75/76B | €1,066 | €1,777 | +€711 | +66.7% |
| Recurring financial income | 75 | €1,066 | €1,777 | +€711 | +66.7% |
| Financial charges | 65/66B | €2,845 | €2,185 | -€660 | -23.2% |
| Recurring financial charges | 65 | €2,845 | €1,845 | -€1,000 | -35.1% |
| Non-recurring financial charges | 66B | - | €339 | +€339 | |
| Profit (loss) for the period before taxes | 9903 | €15,953 | €12,192 | -€3,761 | -23.6% |
| Income taxes | 67/77 | €2,910 | €3,672 | +€763 | +26.2% |
| Profit (loss) for the period | 9904 | €13,043 | €8,519 | -€4,524 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,043 | €8,519 | -€4,524 | -34.7% |
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.