MHATEVER: 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.
MHATEVER
Largest movements
- Cash +€12,028
up €12,028 (+47.1%), from €25,555 to €37,584
mainly Net result for the year (+€41,352) and Other debts (+€5,213)
- Tangible fixed assets +€7,244
up €7,244 (+651.5%), from €1,112 to €8,356
- Receivables within one year +€2,932
up €2,932 (+33.3%), from €8,800 to €11,731
of which Trade receivables: +€2,291
- Profit (loss) carried forward +€12,202
new in 2025: €12,202
- Other debts +€5,213
up €5,213 (+21.8%), from €23,937 to €29,150
- Tax, wage and social debts +€4,939
up €4,939 (+59.8%), from €8,253 to €13,192
of which Taxes: +€5,027
- Gross operating margin +€24,067
up €24,067 (+75.4%), from €31,901 to €55,968
- Taxes +€5,084
up €5,084 (+79.1%), from €6,428 to €11,512
- Depreciation +€1,317
up €1,317 (+1877.2%), from €70 to €1,387
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 | €36,325 | €58,664 | +€22,339 | +61.5% |
| Fixed assets | 21/28 | €1,112 | €8,356 | +€7,244 | +651.5% |
| Tangible fixed assets | 22/27 | €1,112 | €8,356 | +€7,244 | +651.5% |
| Furniture and vehicles | 24 | €1,112 | €8,356 | +€7,244 | +651.5% |
| Current assets | 29/58 | €35,213 | €50,308 | +€15,095 | +42.9% |
| Amounts receivable within one year | 40/41 | €8,800 | €11,731 | +€2,932 | +33.3% |
| Trade receivables | 40 | €8,800 | €11,090 | +€2,291 | +26.0% |
| Other amounts receivable | 41 | - | €641 | +€641 | |
| Cash at bank and in hand | 54/58 | €25,555 | €37,584 | +€12,028 | +47.1% |
| Deferred charges and accrued income | 490/1 | €858 | €993 | +€135 | +15.8% |
| Total equity and liabilities | 10/49 | €36,325 | €58,664 | +€22,339 | +61.5% |
| Equity | 10/15 | €3,000 | €15,202 | +€12,202 | +406.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €12,202 | +€12,202 | |
| Amounts payable | 17/49 | €33,325 | €43,462 | +€10,137 | +30.4% |
| Amounts payable within one year | 42/48 | €33,325 | €43,462 | +€10,137 | +30.4% |
| Trade debts | 44 | €1,134 | €1,119 | -€15 | -1.3% |
| Suppliers | 440/4 | €1,134 | €1,119 | -€15 | -1.3% |
| Taxes, remuneration and social security | 45 | €8,253 | €13,192 | +€4,939 | +59.8% |
| Taxes | 450/3 | €8,165 | €13,192 | +€5,027 | +61.6% |
| Remuneration and social security | 454/9 | €88 | - | -€88 | |
| Other amounts payable | 47/48 | €23,937 | €29,150 | +€5,213 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | €1,387 | +€1,317 | +1877.2% |
| Other operating charges | 640/8 | €209 | €76 | -€133 | -63.8% |
| Gross operating margin | 9900 | €31,901 | €55,968 | +€24,067 | +75.4% |
| Operating profit (loss) | 9901 | €31,621 | €54,505 | +€22,884 | +72.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,327 | €1,640 | +€313 | +23.6% |
| Recurring financial charges | 65 | €1,327 | €1,640 | +€313 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €30,297 | €52,865 | +€22,568 | +74.5% |
| Income taxes | 67/77 | €6,428 | €11,512 | +€5,084 | +79.1% |
| Profit (loss) for the period | 9904 | €23,868 | €41,352 | +€17,484 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,868 | €41,352 | +€17,484 | +73.3% |
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 7 October 2026 via checked.be.