MHL KINE: 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.
MHL KINE
Largest movements
- Cash +€14,502
up €14,502 (+161%), from €8,992 to €23,494
mainly Net result for the year (+€14,447) and Tax, wage and social debts (+€4,812)
- Receivables within one year +€3,520
up €3,520 (+293%), from €1,200 to €4,720
of which Other amounts receivable: +€4,071
- Tangible fixed assets -€3,110
down €3,110 (-27.5%), from €11,313 to €8,204
- Profit (loss) carried forward +€14,447
up €14,447 (+129%), from €11,236 to €25,683
- Tax, wage and social debts +€4,812
up €4,812 (+161%), from €2,987 to €7,799
- Other debts -€3,956
down €3,956 (-100%), from €3,956 to €0
- Gross operating margin +€5,313
up €5,313 (+28.2%), from €18,830 to €24,143
- Taxes +€1,824
up €1,824 (+61.1%), from €2,987 to €4,812
- Financial charges +€1,414
up €1,414 (+371%), from €381 to €1,795
- Depreciation -€1,116
down €1,116 (-26.4%), from €4,225 to €3,110
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 | €22,698 | €37,707 | +€15,009 | +66.1% |
| Fixed assets | 21/28 | €11,313 | €8,204 | -€3,110 | -27.5% |
| Tangible fixed assets | 22/27 | €11,313 | €8,204 | -€3,110 | -27.5% |
| Furniture and vehicles | 24 | €11,313 | €8,204 | -€3,110 | -27.5% |
| Current assets | 29/58 | €11,384 | €29,503 | +€18,119 | +159% |
| Amounts receivable within one year | 40/41 | €1,200 | €4,720 | +€3,520 | +293% |
| Trade receivables | 40 | €1,200 | €649 | -€551 | -45.9% |
| Other amounts receivable | 41 | - | €4,071 | +€4,071 | |
| Cash at bank and in hand | 54/58 | €8,992 | €23,494 | +€14,502 | +161% |
| Deferred charges and accrued income | 490/1 | €1,193 | €1,289 | +€97 | +8.1% |
| Total equity and liabilities | 10/49 | €22,698 | €37,707 | +€15,009 | +66.1% |
| Equity | 10/15 | €15,236 | €29,683 | +€14,447 | +94.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,236 | €25,683 | +€14,447 | +129% |
| Amounts payable | 17/49 | €7,461 | €8,024 | +€563 | +7.5% |
| Amounts payable within one year | 42/48 | €7,461 | €8,024 | +€563 | +7.5% |
| Trade debts | 44 | €518 | €225 | -€293 | -56.6% |
| Suppliers | 440/4 | €518 | €225 | -€293 | -56.6% |
| Taxes, remuneration and social security | 45 | €2,987 | €7,799 | +€4,812 | +161% |
| Taxes | 450/3 | €2,987 | €7,799 | +€4,812 | +161% |
| Other amounts payable | 47/48 | €3,956 | €0 | -€3,956 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,225 | €3,110 | -€1,116 | -26.4% |
| Gross operating margin | 9900 | €18,830 | €24,143 | +€5,313 | +28.2% |
| Operating profit (loss) | 9901 | €14,605 | €21,033 | +€6,429 | +44.0% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €381 | €1,795 | +€1,414 | +371% |
| Recurring financial charges | 65 | €381 | €1,795 | +€1,414 | +371% |
| Profit (loss) for the period before taxes | 9903 | €14,224 | €19,258 | +€5,035 | +35.4% |
| Income taxes | 67/77 | €2,987 | €4,812 | +€1,824 | +61.1% |
| Profit (loss) for the period | 9904 | €11,236 | €14,447 | +€3,210 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,236 | €14,447 | +€3,210 | +28.6% |
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 29 October 2026 via checked.be.