MHEARA: 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.
MHEARA
Largest movements
- Cash +€3,041
up €3,041 (+68.8%), from €4,420 to €7,461
mainly Accrued charges and deferred income (+€3,337) and Other debts (+€2,121)
- Tangible fixed assets -€1,606
down €1,606 (-27.2%), from €5,897 to €4,291
of which Plant, machinery and equipment: -€1,558
- Receivables within one year -€354
down €354 (-1.8%), from €19,570 to €19,216
- Profit (loss) carried forward -€4,911
new in 2025: -€4,911
- Accrued charges and deferred income +€3,337
new in 2025: €3,337
- Other debts +€2,121
up €2,121 (+29.0%), from €7,321 to €9,442
- Trade debts +€949
up €949 (+122%), from €778 to €1,727
- Tax, wage and social debts -€413
down €413 (-16.0%), from €2,584 to €2,170
- Gross operating margin -€13,931
down €13,931 (-86.6%), from €16,084 to €2,154
- Taxes +€3,800
new in 2025: €3,800
- Depreciation +€810
up €810 (+102%), from €795 to €1,606
- Other operating charges +€373
up €373 (+45.6%), from €818 to €1,191
- Financial charges +€201
up €201 (+75.3%), from €267 to €468
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 | €29,886 | €30,968 | +€1,082 | +3.6% |
| Fixed assets | 21/28 | €5,897 | €4,291 | -€1,606 | -27.2% |
| Tangible fixed assets | 22/27 | €5,897 | €4,291 | -€1,606 | -27.2% |
| Plant, machinery and equipment | 23 | €5,685 | €4,127 | -€1,558 | -27.4% |
| Furniture and vehicles | 24 | €212 | €164 | -€48 | -22.6% |
| Current assets | 29/58 | €23,990 | €26,677 | +€2,687 | +11.2% |
| Amounts receivable within one year | 40/41 | €19,570 | €19,216 | -€354 | -1.8% |
| Trade receivables | 40 | €19,570 | €19,216 | -€354 | -1.8% |
| Cash at bank and in hand | 54/58 | €4,420 | €7,461 | +€3,041 | +68.8% |
| Total equity and liabilities | 10/49 | €29,886 | €30,968 | +€1,082 | +3.6% |
| Equity | 10/15 | €19,204 | €14,293 | -€4,911 | -25.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,204 | €14,204 | = | 0.0% |
| Distributable reserves | 133 | €14,204 | €14,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,911 | -€4,911 | |
| Amounts payable | 17/49 | €10,682 | €16,676 | +€5,993 | +56.1% |
| Amounts payable within one year | 42/48 | €10,682 | €13,339 | +€2,657 | +24.9% |
| Trade debts | 44 | €778 | €1,727 | +€949 | +122% |
| Suppliers | 440/4 | €778 | €1,727 | +€949 | +122% |
| Taxes, remuneration and social security | 45 | €2,584 | €2,170 | -€413 | -16.0% |
| Taxes | 450/3 | €2,584 | €2,170 | -€413 | -16.0% |
| Other amounts payable | 47/48 | €7,321 | €9,442 | +€2,121 | +29.0% |
| Accrued charges and deferred income | 492/3 | - | €3,337 | +€3,337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €795 | €1,606 | +€810 | +102% |
| Other operating charges | 640/8 | €818 | €1,191 | +€373 | +45.6% |
| Gross operating margin | 9900 | €16,084 | €2,154 | -€13,931 | -86.6% |
| Operating profit (loss) | 9901 | €14,471 | -€643 | -€15,114 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €267 | €468 | +€201 | +75.3% |
| Recurring financial charges | 65 | €267 | €468 | +€201 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €14,204 | -€1,111 | -€15,315 | |
| Income taxes | 67/77 | - | €3,800 | +€3,800 | |
| Profit (loss) for the period | 9904 | €14,204 | -€4,911 | -€19,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,204 | -€4,911 | -€19,115 |
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 26 October 2026 via checked.be.