MHOVY: what changed
Two fiscal 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.
MHOVY
Largest movements
- Receivables within one year -€1,098
down €1,098 (-16.7%), from €6,585 to €5,487
of which Trade receivables: -€1,210
- Cash +€1,005
up €1,005 (+51.2%), from €1,961 to €2,966
mainly Other debts (+€6,519) and Receivables within one year (+€1,098)
- Tangible fixed assets -€341
down €341 (-38.7%), from €881 to €540
- Other debts +€6,519
up €6,519 (+4.4%), from €148,555 to €155,073
- Profit (loss) carried forward -€3,315
down €3,315 (-2.0%), from -€162,910 to -€166,225
- Trade debts -€1,670
down €1,670 (-76.0%), from €2,196 to €526
- Accrued charges and deferred income -€1,173
down €1,173 (-100.0%), from €1,173 to €0
- Tax, wage and social debts -€474
down €474 (-25.3%), from €1,873 to €1,398
- Depreciation -€1,951
down €1,951 (-85.1%), from €2,291 to €341
- Gross operating margin -€761
down €761 (-90.2%), from -€843 to -€1,604
- Financial charges +€75
up €75 (+100.4%), from €75 to €150
- Financial income +€60
up €60, from €0 to €60
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,849 | €17,421 | -€428 | -2.4% |
| Fixed assets | 21/28 | €9,184 | €8,844 | -€341 | -3.7% |
| Intangible fixed assets | 21 | €8,303 | €8,303 | = | 0.0% |
| Tangible fixed assets | 22/27 | €881 | €540 | -€341 | -38.7% |
| Furniture and vehicles | 24 | €881 | €540 | -€341 | -38.7% |
| Current assets | 29/58 | €8,664 | €8,578 | -€87 | -1.0% |
| Amounts receivable within one year | 40/41 | €6,585 | €5,487 | -€1,098 | -16.7% |
| Trade receivables | 40 | €6,016 | €4,806 | -€1,210 | -20.1% |
| Other amounts receivable | 41 | €568 | €680 | +€112 | +19.7% |
| Cash at bank and in hand | 54/58 | €1,961 | €2,966 | +€1,005 | +51.2% |
| Deferred charges and accrued income | 490/1 | €118 | €125 | +€6 | +5.3% |
| Total equity and liabilities | 10/49 | €17,849 | €17,421 | -€428 | -2.4% |
| Equity | 10/15 | -€142,459 | -€145,774 | -€3,315 | -2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,910 | -€166,225 | -€3,315 | -2.0% |
| Amounts payable | 17/49 | €160,307 | €163,195 | +€2,888 | +1.8% |
| Amounts payable after more than one year | 17 | €6,197 | €6,197 | = | 0.0% |
| Financial debts | 170/4 | €6,197 | €6,197 | = | 0.0% |
| Amounts payable within one year | 42/48 | €152,937 | €156,998 | +€4,061 | +2.7% |
| Financial debts | 43 | €313 | €0 | -€313 | -100.0% |
| Credit institutions | 430/8 | €313 | €0 | -€313 | -100.0% |
| Trade debts | 44 | €2,196 | €526 | -€1,670 | -76.0% |
| Suppliers | 440/4 | €2,196 | €526 | -€1,670 | -76.0% |
| Taxes, remuneration and social security | 45 | €1,873 | €1,398 | -€474 | -25.3% |
| Taxes | 450/3 | €1,873 | €1,398 | -€474 | -25.3% |
| Other amounts payable | 47/48 | €148,555 | €155,073 | +€6,519 | +4.4% |
| Accrued charges and deferred income | 492/3 | €1,173 | €0 | -€1,173 | -100.0% |
| Non-recurring operating income | 76A | €685 | €0 | -€685 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,291 | €341 | -€1,951 | -85.1% |
| Other operating charges | 640/8 | €1,115 | €1,105 | -€9 | -0.8% |
| Gross operating margin | 9900 | -€843 | -€1,604 | -€761 | -90.2% |
| Operating profit (loss) | 9901 | -€4,249 | -€3,050 | +€1,199 | +28.2% |
| Financial income | 75/76B | €0 | €60 | +€60 | |
| Recurring financial income | 75 | €0 | €60 | +€60 | |
| Financial charges | 65/66B | €75 | €150 | +€75 | +100.4% |
| Recurring financial charges | 65 | €75 | €150 | +€75 | +100.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,324 | -€3,141 | +€1,184 | +27.4% |
| Income taxes | 67/77 | €171 | €174 | +€4 | +2.1% |
| Profit (loss) for the period | 9904 | -€4,495 | -€3,315 | +€1,180 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,495 | -€3,315 | +€1,180 | +26.3% |
Source: filed annual accounts (NBB), fiscal years ended 15 December 2024 and 15 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.