MHM Properties: 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.
What changed
MHM Properties
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€33,079
2024 · -€60,014+€93,093
Equity
€2.0m
2024 · €2.3m-€326,468
Cash
€3,715
2024 · €28,197-€24,482
Balance sheet total
€22.4m
2024 · €24.1m-€1.7m
Largest movements
Assets
- Tangible fixed assets -€1.4m
down €1.4m (-7.6%), from €19.1m to €17.7m
of which Land and buildings: -€1.4m
- Stocks and contracts -€316,946
down €316,946 (-6.9%), from €4.6m to €4.3m
Equity and liabilities
- Short-term financial debts -€1.2m
down €1.2m (-24.9%), from €4.8m to €3.6m
- Revaluation surpluses -€359,548
down €359,548 (-23.2%), from €1.6m to €1.2m
Income statement
- Financial charges -€218,087
down €218,087 (-31.0%), from €703,040 to €484,953
- Depreciation +€64,681
up €64,681 (+12.1%), from €536,539 to €601,220
- Taxes +€59,516
up €59,516 (+297577850.0%), from €0 to €59,516
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.
Result 2024
-€60,014
Gross operating margin
-€965
Depreciation
-€64,681
Other operating charges
-€89
Financial income
+€256
Financial charges
+€218,087
Taxes
-€59,516
Result 2025
€33,079
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.
From operations
+€702,769
Investment
+€846,944
Financing
-€1.6m
Cash 2024
€28,197
From operations (derived)
+€702,769
Net result for the year
+€33,079
Depreciation
+€601,220
Stocks and contracts
+€316,946
Receivables within one year
-€68,184
Deferred charges and accrued income
-€6,861
Trade debts
-€69,239
Tax, wage and social debts
-€5,006
Other debts
-€14,148
Accrued charges and deferred income
-€85,037
Investment (derived)
+€846,944
Investment in fixed assets (net)
+€846,944
Financing
-€1.6m
Debts after one year
-€47,537
Current portion of long-term debt
+€25,195
Short-term financial debts
-€1.2m
Contributions, distributions and other
-€359,548
Cash 2025
€3,715
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,095,490 | €22,380,945 | -€1.7m | -7.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €19,147,511 | €17,699,347 | -€1.4m | -7.6% |
| Tangible fixed assets | 22/27 | €19,138,511 | €17,690,347 | -€1.4m | -7.6% |
| Land and buildings | 22 | €19,070,542 | €17,643,827 | -€1.4m | -7.5% |
| Plant, machinery and equipment | 23 | €67,969 | €46,520 | -€21,449 | -31.6% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €4,947,979 | €4,681,597 | -€266,382 | -5.4% |
| Stocks and contracts in progress | 3 | €4,612,924 | €4,295,978 | -€316,946 | -6.9% |
| Stocks | 30/36 | €4,612,924 | €4,295,978 | -€316,946 | -6.9% |
| Amounts receivable within one year | 40/41 | €293,223 | €361,407 | +€68,184 | +23.3% |
| Trade receivables | 40 | €236,096 | €301,115 | +€65,019 | +27.5% |
| Other amounts receivable | 41 | €57,127 | €60,292 | +€3,165 | +5.5% |
| Cash at bank and in hand | 54/58 | €28,197 | €3,715 | -€24,482 | -86.8% |
| Deferred charges and accrued income | 490/1 | €13,636 | €20,497 | +€6,861 | +50.3% |
| Total equity and liabilities | 10/49 | €24,095,490 | €22,380,945 | -€1.7m | -7.1% |
| Equity | 10/15 | €2,329,433 | €2,002,965 | -€326,468 | -14.0% |
| Contributions | 10/11 | €180,300 | €180,300 | = | 0.0% |
| Revaluation surpluses | 12 | €1,550,167 | €1,190,619 | -€359,548 | -23.2% |
| Profit (loss) carried forward | 14 | €598,967 | €632,046 | +€33,079 | +5.5% |
| Amounts payable | 17/49 | €21,766,057 | €20,377,980 | -€1.4m | -6.4% |
| Amounts payable after more than one year | 17 | €16,023,131 | €15,975,594 | -€47,537 | -0.3% |
| Financial debts | 170/4 | €16,023,131 | €15,975,594 | -€47,537 | -0.3% |
| Amounts payable within one year | 42/48 | €5,646,475 | €4,390,972 | -€1.3m | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €509,643 | €534,838 | +€25,195 | +4.9% |
| Financial debts | 43 | €4,790,598 | €3,598,293 | -€1.2m | -24.9% |
| Credit institutions | 430/8 | €4,790,598 | €3,598,293 | -€1.2m | -24.9% |
| Trade debts | 44 | €185,545 | €116,306 | -€69,239 | -37.3% |
| Suppliers | 440/4 | €185,545 | €116,306 | -€69,239 | -37.3% |
| Taxes, remuneration and social security | 45 | €5,006 | - | -€5,006 | |
| Taxes | 450/3 | €5,006 | - | -€5,006 | |
| Other amounts payable | 47/48 | €155,683 | €141,535 | -€14,148 | -9.1% |
| Accrued charges and deferred income | 492/3 | €96,451 | €11,413 | -€85,037 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536,539 | €601,220 | +€64,681 | +12.1% |
| Other operating charges | 640/8 | €75,329 | €75,418 | +€89 | +0.1% |
| Gross operating margin | 9900 | €1,254,787 | €1,253,823 | -€965 | -0.1% |
| Operating profit (loss) | 9901 | €642,919 | €577,185 | -€65,734 | -10.2% |
| Financial income | 75/76B | €107 | €363 | +€256 | +239.5% |
| Recurring financial income | 75 | €107 | €363 | +€256 | +239.5% |
| Financial charges | 65/66B | €703,040 | €484,953 | -€218,087 | -31.0% |
| Recurring financial charges | 65 | €703,040 | €484,953 | -€218,087 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | -€60,014 | €92,595 | +€152,608 | |
| Income taxes | 67/77 | €0 | €59,516 | +€59,516 | +297577850.0% |
| Profit (loss) for the period | 9904 | -€60,014 | €33,079 | +€93,093 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,014 | €33,079 | +€93,093 |
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 12 October 2026 via checked.be.