MHCONSULTANTS: 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.
MHCONSULTANTS
Largest movements
- Tangible fixed assets -€24,152
down €24,152 (-52.8%), from €45,779 to €21,627
of which Furniture and vehicles: -€16,891
- Intangible fixed assets -€22,000
down €22,000 (-14.0%), from €157,667 to €135,667
- Cash -€18,574
down €18,574 (-27.4%), from €67,724 to €49,149
mainly Debts after one year (-€43,871) and Trade debts (-€18,473)
- Receivables within one year +€15,201
up €15,201 (+11.4%), from €133,442 to €148,643
of which Other amounts receivable: +€16,729
- Debts after one year -€43,871
down €43,871 (-51.9%), from €84,589 to €40,718
- Trade debts -€18,473
down €18,473 (-61.1%), from €30,229 to €11,756
- Tax, wage and social debts +€9,160
up €9,160 (+9.6%), from €95,868 to €105,028
of which Remuneration and social security: +€9,330
- Profit (loss) carried forward +€4,840
up €4,840 (+4.7%), from €102,283 to €107,122
- Gross operating margin -€78,633
down €78,633 (-15.2%), from €515,924 to €437,291
- Staff costs -€51,214
down €51,214 (-12.1%), from €424,187 to €372,973
- Taxes -€5,689
down €5,689 (-44.7%), from €12,722 to €7,033
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 | €444,441 | €395,009 | -€49,432 | -11.1% |
| Fixed assets | 21/28 | €206,546 | €160,393 | -€46,152 | -22.3% |
| Intangible fixed assets | 21 | €157,667 | €135,667 | -€22,000 | -14.0% |
| Tangible fixed assets | 22/27 | €45,779 | €21,627 | -€24,152 | -52.8% |
| Plant, machinery and equipment | 23 | - | €1,540 | +€1,540 | |
| Furniture and vehicles | 24 | €20,863 | €3,972 | -€16,891 | -81.0% |
| Leasing and similar rights | 25 | €23,563 | €15,111 | -€8,452 | -35.9% |
| Other tangible fixed assets | 26 | €1,353 | €1,004 | -€350 | -25.8% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €237,895 | €234,616 | -€3,279 | -1.4% |
| Stocks and contracts in progress | 3 | €3,065 | €3,277 | +€212 | +6.9% |
| Stocks | 30/36 | €3,065 | €3,277 | +€212 | +6.9% |
| Amounts receivable within one year | 40/41 | €133,442 | €148,643 | +€15,201 | +11.4% |
| Trade receivables | 40 | €133,441 | €131,912 | -€1,528 | -1.1% |
| Other amounts receivable | 41 | €1 | €16,731 | +€16,729 | +1,296,857% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,724 | €49,149 | -€18,574 | -27.4% |
| Deferred charges and accrued income | 490/1 | €3,665 | €3,546 | -€118 | -3.2% |
| Total equity and liabilities | 10/49 | €444,441 | €395,009 | -€49,432 | -11.1% |
| Equity | 10/15 | €162,283 | €167,122 | +€4,840 | +3.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,283 | €107,122 | +€4,840 | +4.7% |
| Amounts payable | 17/49 | €282,158 | €227,887 | -€54,271 | -19.2% |
| Amounts payable after more than one year | 17 | €84,589 | €40,718 | -€43,871 | -51.9% |
| Financial debts | 170/4 | €84,589 | €40,718 | -€43,871 | -51.9% |
| Amounts payable within one year | 42/48 | €197,569 | €187,168 | -€10,400 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €65,472 | €62,337 | -€3,135 | -4.8% |
| Trade debts | 44 | €30,229 | €11,756 | -€18,473 | -61.1% |
| Suppliers | 440/4 | €30,229 | €11,756 | -€18,473 | -61.1% |
| Taxes, remuneration and social security | 45 | €95,868 | €105,028 | +€9,160 | +9.6% |
| Taxes | 450/3 | €47,722 | €47,552 | -€170 | -0.4% |
| Remuneration and social security | 454/9 | €48,146 | €57,475 | +€9,330 | +19.4% |
| Other amounts payable | 47/48 | €6,000 | €8,048 | +€2,048 | +34.1% |
| Remuneration, social security and pensions | 62 | €424,187 | €372,973 | -€51,214 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,918 | €34,720 | -€2,198 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90 | €149 | +€59 | +65.6% |
| Other operating charges | 640/8 | €3,068 | €7,104 | +€4,036 | +132% |
| Non-recurring operating charges | 66A | €747 | - | -€747 | |
| Gross operating margin | 9900 | €515,924 | €437,291 | -€78,633 | -15.2% |
| Operating profit (loss) | 9901 | €50,913 | €22,345 | -€28,568 | -56.1% |
| Financial income | 75/76B | €1,146 | €1,220 | +€74 | +6.5% |
| Recurring financial income | 75 | €1,146 | €1,220 | +€74 | +6.5% |
| Financial charges | 65/66B | €3,698 | €4,634 | +€936 | +25.3% |
| Recurring financial charges | 65 | €3,698 | €4,634 | +€936 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €48,361 | €18,931 | -€29,430 | -60.9% |
| Income taxes | 67/77 | €12,722 | €7,033 | -€5,689 | -44.7% |
| Profit (loss) for the period | 9904 | €35,640 | €11,898 | -€23,741 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,640 | €11,898 | -€23,741 | -66.6% |
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 21 October 2026 via checked.be.