MHO.O.D.: 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.
MHO.O.D.
Largest movements
- Cash -€35,269
down €35,269 (-66.2%), from €53,289 to €18,020
mainly Contributions, distributions and other (-€74,706) and Tax, wage and social debts (-€1,725)
- Receivables within one year -€24,000
down €24,000 (-85.0%), from €28,235 to €4,235
of which Other amounts receivable: -€24,000
- Profit (loss) carried forward -€67,074
down €67,074 (-96.9%), from €69,188 to €2,115
- Other debts +€9,305
up €9,305 (+1,016%), from €916 to €10,222
- Tax, wage and social debts -€1,725
down €1,725 (-16.7%), from €10,349 to €8,623
of which Taxes: -€1,725
- Gross operating margin -€5,012
down €5,012 (-31.7%), from €15,811 to €10,799
- Taxes -€883
down €883 (-23.5%), from €3,751 to €2,868
- Depreciation -€276
down €276 (-57.0%), from €484 to €208
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 | €82,597 | €23,153 | -€59,444 | -72.0% |
| Fixed assets | 21/28 | €208 | - | -€208 | |
| Tangible fixed assets | 22/27 | €208 | - | -€208 | |
| Furniture and vehicles | 24 | €208 | - | -€208 | |
| Current assets | 29/58 | €82,389 | €23,153 | -€59,235 | -71.9% |
| Amounts receivable within one year | 40/41 | €28,235 | €4,235 | -€24,000 | -85.0% |
| Trade receivables | 40 | €4,235 | €4,235 | = | 0.0% |
| Other amounts receivable | 41 | €24,000 | - | -€24,000 | |
| Cash at bank and in hand | 54/58 | €53,289 | €18,020 | -€35,269 | -66.2% |
| Deferred charges and accrued income | 490/1 | €864 | €899 | +€34 | +4.0% |
| Total equity and liabilities | 10/49 | €82,597 | €23,153 | -€59,444 | -72.0% |
| Equity | 10/15 | €71,188 | €4,115 | -€67,074 | -94.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,188 | €2,115 | -€67,074 | -96.9% |
| Amounts payable | 17/49 | €11,409 | €19,039 | +€7,630 | +66.9% |
| Amounts payable within one year | 42/48 | €11,409 | €19,039 | +€7,630 | +66.9% |
| Trade debts | 44 | €144 | €194 | +€50 | +34.7% |
| Suppliers | 440/4 | €144 | €194 | +€50 | +34.7% |
| Taxes, remuneration and social security | 45 | €10,349 | €8,623 | -€1,725 | -16.7% |
| Taxes | 450/3 | €10,349 | €8,623 | -€1,725 | -16.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €916 | €10,222 | +€9,305 | +1,016% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €208 | -€276 | -57.0% |
| Gross operating margin | 9900 | €15,811 | €10,799 | -€5,012 | -31.7% |
| Operating profit (loss) | 9901 | €15,326 | €10,591 | -€4,736 | -30.9% |
| Financial charges | 65/66B | €94 | €90 | -€4 | -4.3% |
| Recurring financial charges | 65 | €94 | €90 | -€4 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €15,232 | €10,501 | -€4,732 | -31.1% |
| Income taxes | 67/77 | €3,751 | €2,868 | -€883 | -23.5% |
| Profit (loss) for the period | 9904 | €11,481 | €7,632 | -€3,849 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,481 | €7,632 | -€3,849 | -33.5% |
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 28 October 2026 via checked.be.