MHDT: 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.
MHDT
Largest movements
- Cash +€27,898
up €27,898 (+228.5%), from €12,211 to €40,109
mainly Receivables within one year (+€9,869) and Net result for the year (+€9,568)
- Receivables within one year -€9,869
down €9,869 (-98.2%), from €10,049 to €180
of which Other amounts receivable: -€9,465
- Tangible fixed assets -€3,765
down €3,765 (-63.8%), from €5,902 to €2,137
of which Furniture and vehicles: -€3,532
- Deferred charges and accrued income -€1,886
down €1,886 (-48.7%), from €3,875 to €1,989
- Profit (loss) carried forward +€9,568
up €9,568, from -€2,944 to €6,624
- Tax, wage and social debts +€3,482
new in 2025: €3,482
- Current portion of long-term debt -€2,940
no longer reported in 2025 (was €2,940)
- Other debts +€2,044
up €2,044 (+79.3%), from €2,577 to €4,621
- Gross operating margin +€15,304
up €15,304 (+964.0%), from €1,588 to €16,892
- Taxes +€2,928
up €2,928 (+547.7%), from €535 to €3,463
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 | €32,038 | €44,415 | +€12,378 | +38.6% |
| Fixed assets | 21/28 | €5,902 | €2,137 | -€3,765 | -63.8% |
| Tangible fixed assets | 22/27 | €5,902 | €2,137 | -€3,765 | -63.8% |
| Plant, machinery and equipment | 23 | €963 | €730 | -€233 | -24.2% |
| Furniture and vehicles | 24 | €4,939 | €1,407 | -€3,532 | -71.5% |
| Current assets | 29/58 | €26,135 | €42,278 | +€16,143 | +61.8% |
| Amounts receivable within one year | 40/41 | €10,049 | €180 | -€9,869 | -98.2% |
| Trade receivables | 40 | €584 | €180 | -€404 | -69.2% |
| Other amounts receivable | 41 | €9,465 | - | -€9,465 | |
| Cash at bank and in hand | 54/58 | €12,211 | €40,109 | +€27,898 | +228.5% |
| Deferred charges and accrued income | 490/1 | €3,875 | €1,989 | -€1,886 | -48.7% |
| Total equity and liabilities | 10/49 | €32,038 | €44,415 | +€12,378 | +38.6% |
| Equity | 10/15 | €25,874 | €35,442 | +€9,568 | +37.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,818 | €23,818 | = | 0.0% |
| Distributable reserves | 133 | €23,818 | €23,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,944 | €6,624 | +€9,568 | |
| Amounts payable | 17/49 | €6,164 | €8,973 | +€2,809 | +45.6% |
| Amounts payable within one year | 42/48 | €6,164 | €8,973 | +€2,809 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €2,940 | - | -€2,940 | |
| Trade debts | 44 | €646 | €871 | +€224 | +34.7% |
| Suppliers | 440/4 | €646 | €871 | +€224 | +34.7% |
| Taxes, remuneration and social security | 45 | - | €3,482 | +€3,482 | |
| Taxes | 450/3 | - | €3,482 | +€3,482 | |
| Other amounts payable | 47/48 | €2,577 | €4,621 | +€2,044 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,736 | €3,765 | +€29 | +0.8% |
| Gross operating margin | 9900 | €1,588 | €16,892 | +€15,304 | +964.0% |
| Operating profit (loss) | 9901 | -€2,149 | €13,127 | +€15,275 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €261 | €95 | -€166 | -63.5% |
| Recurring financial charges | 65 | €261 | €95 | -€166 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,410 | €13,031 | +€15,441 | |
| Income taxes | 67/77 | €535 | €3,463 | +€2,928 | +547.7% |
| Profit (loss) for the period | 9904 | -€2,944 | €9,568 | +€12,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,944 | €9,568 | +€12,513 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.