MHM Management & Consultancy: what changed
MHM Management & Consultancy
Largest movements
- Cash +€77,702
up €77,702 (+40.6%), from €191,330 to €269,032
mainly Net result for the year (+€83,053) and Receivables within one year (+€43,978)
- Receivables within one year -€43,978
down €43,978 (-100%), from €43,978 to €0
of which Other amounts receivable: -€43,978
- Tangible fixed assets -€18,635
down €18,635 (-23.1%), from €80,754 to €62,119
of which Furniture and vehicles: -€65,981
- Profit (loss) carried forward +€83,053
up €83,053, from €0 to €83,053
- Other debts -€39,631
down €39,631 (-50.3%), from €78,745 to €39,115
- Debts after one year -€12,133
down €12,133 (-38.0%), from €31,902 to €19,769
- Current portion of long-term debt -€6,597
down €6,597 (-47.6%), from €13,862 to €7,265
- Tax, wage and social debts -€5,143
down €5,143 (-47.6%), from €10,798 to €5,655
- Gross operating margin +€60,953
up €60,953 (+98.5%), from €61,860 to €122,813
- Depreciation -€19,844
down €19,844 (-87.0%), from €22,796 to €2,953
- Taxes +€14,103
up €14,103 (+150%), from €9,391 to €23,495
- Financial income -€4,067
down €4,067 (-100%), from €4,067 to €0
- Staff costs +€1,254
new in 2025: €1,254
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,063 | €331,151 | +€15,088 | +4.8% |
| Fixed assets | 21/28 | €80,754 | €62,119 | -€18,635 | -23.1% |
| Tangible fixed assets | 22/27 | €80,754 | €62,119 | -€18,635 | -23.1% |
| Plant, machinery and equipment | 23 | - | €1,578 | +€1,578 | |
| Furniture and vehicles | 24 | €69,048 | €3,066 | -€65,981 | -95.6% |
| Other tangible fixed assets | 26 | €11,707 | €57,475 | +€45,768 | +391% |
| Current assets | 29/58 | €235,308 | €269,032 | +€33,723 | +14.3% |
| Amounts receivable within one year | 40/41 | €43,978 | €0 | -€43,978 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €43,978 | €0 | -€43,978 | -100% |
| Cash at bank and in hand | 54/58 | €191,330 | €269,032 | +€77,702 | +40.6% |
| Total equity and liabilities | 10/49 | €316,063 | €331,151 | +€15,088 | +4.8% |
| Equity | 10/15 | €157,805 | €236,089 | +€78,284 | +49.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,205 | €134,436 | -€4,769 | -3.4% |
| Distributable reserves | 133 | €139,205 | €134,436 | -€4,769 | -3.4% |
| Profit (loss) carried forward | 14 | €0 | €83,053 | +€83,053 | |
| Amounts payable | 17/49 | €158,258 | €95,062 | -€63,196 | -39.9% |
| Amounts payable after more than one year | 17 | €31,902 | €19,769 | -€12,133 | -38.0% |
| Financial debts | 170/4 | €31,902 | €19,769 | -€12,133 | -38.0% |
| Amounts payable within one year | 42/48 | €126,356 | €75,293 | -€51,063 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €13,862 | €7,265 | -€6,597 | -47.6% |
| Trade debts | 44 | €22,951 | €23,259 | +€308 | +1.3% |
| Suppliers | 440/4 | €22,951 | €23,259 | +€308 | +1.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,798 | €5,655 | -€5,143 | -47.6% |
| Taxes | 450/3 | €10,798 | €5,655 | -€5,143 | -47.6% |
| Other amounts payable | 47/48 | €78,745 | €39,115 | -€39,631 | -50.3% |
| Remuneration, social security and pensions | 62 | - | €1,254 | +€1,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,796 | €2,953 | -€19,844 | -87.0% |
| Other operating charges | 640/8 | €1,918 | €1,544 | -€373 | -19.5% |
| Non-recurring operating charges | 66A | - | €7,425 | +€7,425 | |
| Gross operating margin | 9900 | €61,860 | €122,813 | +€60,953 | +98.5% |
| Operating profit (loss) | 9901 | €37,145 | €109,637 | +€72,491 | +195% |
| Financial income | 75/76B | €4,067 | €0 | -€4,067 | -100% |
| Recurring financial income | 75 | €4,067 | €0 | -€4,067 | -100% |
| Financial charges | 65/66B | €2,421 | €3,089 | +€668 | +27.6% |
| Recurring financial charges | 65 | €2,421 | €3,089 | +€668 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €38,791 | €106,548 | +€67,757 | +175% |
| Income taxes | 67/77 | €9,391 | €23,495 | +€14,103 | +150% |
| Profit (loss) for the period | 9904 | €29,400 | €83,053 | +€53,653 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €29,400 | €83,053 | +€53,653 | +182% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.