MHServices: 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.
MHServices
Largest movements
- Current investments +€94,593
new in 2025: €94,593
- Receivables within one year +€18,621
up €18,621 (+7587.0%), from €245 to €18,866
of which Trade receivables: +€15,325
- Cash +€16,138
up €16,138 (+537.9%), from €3,000 to €19,138
mainly Net result for the year (+€98,235) and Tax, wage and social debts (+€34,914)
- Tangible fixed assets +€2,323
new in 2025: €2,323
- Profit (loss) carried forward +€98,235
up €98,235, from -€2,374 to €95,861
- Tax, wage and social debts +€34,914
new in 2025: €34,914
- Other debts -€1,464
no longer reported in 2025 (was €1,464)
- Gross operating margin +€128,231
up €128,231, from -€2,324 to €125,908
- Taxes +€26,978
new in 2025: €26,978
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 | €3,245 | €135,420 | +€132,175 | +4072.6% |
| Fixed assets | 21/28 | - | €2,323 | +€2,323 | |
| Tangible fixed assets | 22/27 | - | €2,323 | +€2,323 | |
| Furniture and vehicles | 24 | - | €2,323 | +€2,323 | |
| Current assets | 29/58 | €3,245 | €133,097 | +€129,852 | +4001.1% |
| Stocks and contracts in progress | 3 | - | €500 | +€500 | |
| Stocks | 30/36 | - | €500 | +€500 | |
| Amounts receivable within one year | 40/41 | €245 | €18,866 | +€18,621 | +7587.0% |
| Trade receivables | 40 | - | €15,325 | +€15,325 | |
| Other amounts receivable | 41 | €245 | €3,541 | +€3,296 | +1342.8% |
| Current investments | 50/53 | - | €94,593 | +€94,593 | |
| Cash at bank and in hand | 54/58 | €3,000 | €19,138 | +€16,138 | +537.9% |
| Total equity and liabilities | 10/49 | €3,245 | €135,420 | +€132,175 | +4072.6% |
| Equity | 10/15 | €626 | €98,861 | +€98,235 | +15685.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,374 | €95,861 | +€98,235 | |
| Amounts payable | 17/49 | €2,619 | €36,559 | +€33,940 | +1295.9% |
| Amounts payable within one year | 42/48 | €2,619 | €35,982 | +€33,363 | +1273.8% |
| Financial debts | 43 | - | €227 | +€227 | |
| Credit institutions | 430/8 | - | €227 | +€227 | |
| Trade debts | 44 | €1,155 | €841 | -€314 | -27.2% |
| Suppliers | 440/4 | €1,155 | €841 | -€314 | -27.2% |
| Taxes, remuneration and social security | 45 | - | €34,914 | +€34,914 | |
| Taxes | 450/3 | - | €34,914 | +€34,914 | |
| Other amounts payable | 47/48 | €1,464 | - | -€1,464 | |
| Accrued charges and deferred income | 492/3 | - | €577 | +€577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €452 | +€452 | |
| Other operating charges | 640/8 | €50 | €175 | +€125 | +249.4% |
| Gross operating margin | 9900 | -€2,324 | €125,908 | +€128,231 | |
| Operating profit (loss) | 9901 | -€2,374 | €125,281 | +€127,655 | |
| Financial charges | 65/66B | - | €69 | +€69 | |
| Recurring financial charges | 65 | - | €69 | +€69 | |
| Profit (loss) for the period before taxes | 9903 | -€2,374 | €125,213 | +€127,586 | |
| Income taxes | 67/77 | - | €26,978 | +€26,978 | |
| Profit (loss) for the period | 9904 | -€2,374 | €98,235 | +€100,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,374 | €98,235 | +€100,609 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.