MHChauffage: 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.
MHChauffage
Largest movements
- Tangible fixed assets +€32,857
new in 2025: €32,857
of which Furniture and vehicles: +€29,990
- Receivables within one year +€24,425
up €24,425 (+647.6%), from €3,772 to €28,197
of which Trade receivables: +€20,058
- Cash +€2,223
up €2,223 (+9.9%), from €22,459 to €24,682
mainly Debts after one year (+€20,459) and Net result for the year (+€19,598)
- Deferred charges and accrued income -€1,605
no longer reported in 2025 (was €1,605)
- Formation expenses -€893
no longer reported in 2025 (was €893)
- Debts after one year +€20,459
new in 2025: €20,459
- Reserves +€18,512
up €18,512 (+195.1%), from €9,488 to €28,000
- Tax, wage and social debts +€5,919
up €5,919 (+444.9%), from €1,330 to €7,249
of which Taxes: +€3,405
- Current portion of long-term debt +€5,528
new in 2025: €5,528
- Trade debts +€4,734
up €4,734 (+242.7%), from €1,951 to €6,684
- Gross operating margin +€31,276
up €31,276 (+208.1%), from €15,028 to €46,304
- Staff costs +€12,815
up €12,815 (+823.6%), from €1,556 to €14,371
- Depreciation +€5,916
up €5,916 (+2181.2%), from €271 to €6,187
- Taxes +€1,905
up €1,905 (+73.8%), from €2,580 to €4,486
- Financial charges +€898
up €898 (+958.7%), from €94 to €992
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 | €29,109 | €85,998 | +€56,888 | +195.4% |
| Formation expenses | 20 | €893 | - | -€893 | |
| Fixed assets | 21/28 | - | €33,119 | +€33,119 | |
| Tangible fixed assets | 22/27 | - | €32,857 | +€32,857 | |
| Plant, machinery and equipment | 23 | - | €2,867 | +€2,867 | |
| Furniture and vehicles | 24 | - | €29,990 | +€29,990 | |
| Financial fixed assets | 28 | - | €262 | +€262 | |
| Current assets | 29/58 | €28,216 | €52,879 | +€24,663 | +87.4% |
| Stocks and contracts in progress | 3 | €380 | - | -€380 | |
| Stocks | 30/36 | €380 | - | -€380 | |
| Amounts receivable within one year | 40/41 | €3,772 | €28,197 | +€24,425 | +647.6% |
| Trade receivables | 40 | €2,119 | €22,177 | +€20,058 | +946.7% |
| Other amounts receivable | 41 | €1,653 | €6,020 | +€4,367 | +264.2% |
| Cash at bank and in hand | 54/58 | €22,459 | €24,682 | +€2,223 | +9.9% |
| Deferred charges and accrued income | 490/1 | €1,605 | - | -€1,605 | |
| Total equity and liabilities | 10/49 | €29,109 | €85,998 | +€56,888 | +195.4% |
| Equity | 10/15 | €11,988 | €30,753 | +€18,765 | +156.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,488 | €28,000 | +€18,512 | +195.1% |
| Distributable reserves | 133 | €9,488 | €28,000 | +€18,512 | +195.1% |
| Profit (loss) carried forward | 14 | - | €253 | +€253 | |
| Amounts payable | 17/49 | €17,121 | €55,244 | +€38,123 | +222.7% |
| Amounts payable after more than one year | 17 | - | €20,459 | +€20,459 | |
| Financial debts | 170/4 | - | €20,459 | +€20,459 | |
| Amounts payable within one year | 42/48 | €17,121 | €34,785 | +€17,664 | +103.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,528 | +€5,528 | |
| Trade debts | 44 | €1,951 | €6,684 | +€4,734 | +242.7% |
| Suppliers | 440/4 | €1,951 | €6,684 | +€4,734 | +242.7% |
| Advances received on contracts in progress | 46 | €10,539 | €11,824 | +€1,284 | +12.2% |
| Taxes, remuneration and social security | 45 | €1,330 | €7,249 | +€5,919 | +444.9% |
| Taxes | 450/3 | €1,330 | €4,736 | +€3,405 | +256.0% |
| Remuneration and social security | 454/9 | - | €2,513 | +€2,513 | |
| Other amounts payable | 47/48 | €3,301 | €3,500 | +€199 | +6.0% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €1,556 | €14,371 | +€12,815 | +823.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €6,187 | +€5,916 | +2181.2% |
| Other operating charges | 640/8 | €205 | €669 | +€464 | +226.0% |
| Gross operating margin | 9900 | €15,028 | €46,304 | +€31,276 | +208.1% |
| Operating profit (loss) | 9901 | €12,995 | €25,076 | +€12,080 | +93.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €94 | €992 | +€898 | +958.7% |
| Recurring financial charges | 65 | €94 | €992 | +€898 | +958.7% |
| Profit (loss) for the period before taxes | 9903 | €12,902 | €24,084 | +€11,182 | +86.7% |
| Income taxes | 67/77 | €2,580 | €4,486 | +€1,905 | +73.8% |
| Profit (loss) for the period | 9904 | €10,321 | €19,598 | +€9,277 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,321 | €19,598 | +€9,277 | +89.9% |
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 12 October 2026 via checked.be.