MHC CONSTRUCTION MANAGEMENT: 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.
MHC CONSTRUCTION MANAGEMENT
Largest movements
- Tangible fixed assets +€289,957
up €289,957 (+231,041%), from €126 to €290,083
of which Land and buildings: +€290,083
- Stocks and contracts +€245,511
up €245,511 (+40.7%), from €603,294 to €848,805
- Intangible fixed assets +€21,625
new in 2025: €21,625
- Short-term financial debts +€291,725
up €291,725 (+73.1%), from €399,000 to €690,725
- Profit (loss) carried forward +€155,455
up €155,455 (+114%), from €136,698 to €292,153
- Trade debts +€73,499
up €73,499 (+181%), from €40,605 to €114,104
- Other debts +€35,070
up €35,070 (+57.5%), from €60,970 to €96,040
- Financial income +€98,960
new in 2025: €98,960
- Gross operating margin +€25,310
up €25,310 (+18.9%), from €134,007 to €159,317
- Other operating charges -€10,571
down €10,571 (-80.4%), from €13,146 to €2,575
- Financial charges +€10,041
up €10,041 (+74.7%), from €13,438 to €23,479
- Taxes +€5,204
up €5,204 (+18.1%), from €28,809 to €34,013
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 | €780,440 | €1,328,503 | +€548,062 | +70.2% |
| Fixed assets | 21/28 | €120,126 | €431,707 | +€311,582 | +259% |
| Intangible fixed assets | 21 | - | €21,625 | +€21,625 | |
| Tangible fixed assets | 22/27 | €126 | €290,083 | +€289,957 | +231,041% |
| Land and buildings | 22 | - | €290,083 | +€290,083 | |
| Plant, machinery and equipment | 23 | €126 | - | -€126 | |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €660,315 | €896,796 | +€236,481 | +35.8% |
| Stocks and contracts in progress | 3 | €603,294 | €848,805 | +€245,511 | +40.7% |
| Stocks | 30/36 | €603,294 | €848,805 | +€245,511 | +40.7% |
| Amounts receivable within one year | 40/41 | - | €4,315 | +€4,315 | |
| Other amounts receivable | 41 | - | €4,315 | +€4,315 | |
| Cash at bank and in hand | 54/58 | €53,292 | €40,159 | -€13,132 | -24.6% |
| Deferred charges and accrued income | 490/1 | €3,729 | €3,517 | -€212 | -5.7% |
| Total equity and liabilities | 10/49 | €780,440 | €1,328,503 | +€548,062 | +70.2% |
| Equity | 10/15 | €246,797 | €402,253 | +€155,455 | +63.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €60,099 | €60,099 | = | 0.0% |
| Distributable reserves | 133 | €60,099 | €60,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,698 | €292,153 | +€155,455 | +114% |
| Amounts payable | 17/49 | €533,643 | €926,250 | +€392,607 | +73.6% |
| Amounts payable within one year | 42/48 | €521,036 | €926,250 | +€405,214 | +77.8% |
| Financial debts | 43 | €399,000 | €690,725 | +€291,725 | +73.1% |
| Credit institutions | 430/8 | €399,000 | €690,725 | +€291,725 | +73.1% |
| Trade debts | 44 | €40,605 | €114,104 | +€73,499 | +181% |
| Suppliers | 440/4 | €40,605 | €114,104 | +€73,499 | +181% |
| Taxes, remuneration and social security | 45 | €20,461 | €25,381 | +€4,920 | +24.0% |
| Taxes | 450/3 | €18,307 | €25,381 | +€7,074 | +38.6% |
| Remuneration and social security | 454/9 | €2,154 | - | -€2,154 | |
| Other amounts payable | 47/48 | €60,970 | €96,040 | +€35,070 | +57.5% |
| Accrued charges and deferred income | 492/3 | €12,607 | - | -€12,607 | |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €2,754 | +€2,629 | +2,094% |
| Other operating charges | 640/8 | €13,146 | €2,575 | -€10,571 | -80.4% |
| Gross operating margin | 9900 | €134,007 | €159,317 | +€25,310 | +18.9% |
| Operating profit (loss) | 9901 | €120,735 | €153,987 | +€33,252 | +27.5% |
| Financial income | 75/76B | - | €98,960 | +€98,960 | |
| Recurring financial income | 75 | - | €98,960 | +€98,960 | |
| Financial charges | 65/66B | €13,438 | €23,479 | +€10,041 | +74.7% |
| Recurring financial charges | 65 | €13,438 | €23,479 | +€10,041 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €107,297 | €229,468 | +€122,171 | +114% |
| Income taxes | 67/77 | €28,809 | €34,013 | +€5,204 | +18.1% |
| Profit (loss) for the period | 9904 | €78,488 | €195,455 | +€116,968 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €78,488 | €195,455 | +€116,968 | +149% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.