MHPop: 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.
MHPop
Largest movements
- Stocks and contracts +€25,725
new in 2025: €25,725
- Receivables within one year +€6,723
up €6,723 (+1,409%), from €477 to €7,200
- Cash +€5,323
up €5,323 (+6.2%), from €85,211 to €90,534
mainly Net result for the year (+€42,066) and Trade debts (+€8,866)
- Tangible fixed assets -€2,624
down €2,624 (-20.3%), from €12,953 to €10,329
of which Other tangible fixed assets: -€1,408
- Profit (loss) carried forward +€42,066
up €42,066 (+145%), from €29,009 to €71,075
- Current portion of long-term debt -€10,034
no longer reported in 2025 (was €10,034)
- Trade debts +€8,866
up €8,866 (+410%), from €2,163 to €11,029
- Tax, wage and social debts -€6,454
down €6,454 (-28.1%), from €22,964 to €16,509
of which Taxes: -€8,030
- Gross operating margin +€20,796
up €20,796 (+31.6%), from €65,862 to €86,658
- Staff costs +€7,068
up €7,068 (+33.7%), from €20,961 to €28,029
- Taxes +€2,134
up €2,134 (+23.7%), from €9,010 to €11,143
- Financial charges -€1,177
down €1,177 (-31.0%), from €3,801 to €2,625
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 | €99,438 | €134,310 | +€34,872 | +35.1% |
| Fixed assets | 21/28 | €13,325 | €10,851 | -€2,474 | -18.6% |
| Tangible fixed assets | 22/27 | €12,953 | €10,329 | -€2,624 | -20.3% |
| Furniture and vehicles | 24 | €2,346 | €1,130 | -€1,216 | -51.8% |
| Other tangible fixed assets | 26 | €10,607 | €9,199 | -€1,408 | -13.3% |
| Financial fixed assets | 28 | €372 | €522 | +€150 | +40.3% |
| Current assets | 29/58 | €86,112 | €123,459 | +€37,346 | +43.4% |
| Stocks and contracts in progress | 3 | - | €25,725 | +€25,725 | |
| Stocks | 30/36 | - | €25,725 | +€25,725 | |
| Amounts receivable within one year | 40/41 | €477 | €7,200 | +€6,723 | +1,409% |
| Trade receivables | 40 | €477 | €7,200 | +€6,723 | +1,409% |
| Cash at bank and in hand | 54/58 | €85,211 | €90,534 | +€5,323 | +6.2% |
| Deferred charges and accrued income | 490/1 | €424 | - | -€424 | |
| Total equity and liabilities | 10/49 | €99,438 | €134,310 | +€34,872 | +35.1% |
| Equity | 10/15 | €54,009 | €96,075 | +€42,066 | +77.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,009 | €71,075 | +€42,066 | +145% |
| Amounts payable | 17/49 | €45,428 | €38,234 | -€7,194 | -15.8% |
| Amounts payable after more than one year | 17 | €9,654 | €10,328 | +€674 | +7.0% |
| Financial debts | 170/4 | €9,654 | €10,328 | +€674 | +7.0% |
| Amounts payable within one year | 42/48 | €35,161 | €27,538 | -€7,622 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €10,034 | - | -€10,034 | |
| Trade debts | 44 | €2,163 | €11,029 | +€8,866 | +410% |
| Suppliers | 440/4 | €2,163 | €11,029 | +€8,866 | +410% |
| Taxes, remuneration and social security | 45 | €22,964 | €16,509 | -€6,454 | -28.1% |
| Taxes | 450/3 | €20,253 | €12,222 | -€8,030 | -39.6% |
| Remuneration and social security | 454/9 | €2,711 | €4,287 | +€1,576 | +58.1% |
| Accrued charges and deferred income | 492/3 | €614 | €368 | -€245 | -40.0% |
| Remuneration, social security and pensions | 62 | €20,961 | €28,029 | +€7,068 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,852 | €2,624 | -€227 | -8.0% |
| Other operating charges | 640/8 | €369 | €423 | +€54 | +14.6% |
| Gross operating margin | 9900 | €65,862 | €86,658 | +€20,796 | +31.6% |
| Operating profit (loss) | 9901 | €41,680 | €55,582 | +€13,901 | +33.4% |
| Financial income | 75/76B | €140 | €252 | +€112 | +80.0% |
| Recurring financial income | 75 | €140 | €252 | +€112 | +80.0% |
| Financial charges | 65/66B | €3,801 | €2,625 | -€1,177 | -31.0% |
| Recurring financial charges | 65 | €3,801 | €2,625 | -€1,177 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €38,019 | €53,209 | +€15,190 | +40.0% |
| Income taxes | 67/77 | €9,010 | €11,143 | +€2,134 | +23.7% |
| Profit (loss) for the period | 9904 | €29,009 | €42,066 | +€13,056 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,009 | €42,066 | +€13,056 | +45.0% |
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 22 October 2026 via checked.be.