MHTHERAPY: 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.
MHTHERAPY
Largest movements
- Cash +€40,753
up €40,753 (+41.0%), from €99,326 to €140,079
mainly Net result for the year (+€71,285) and Depreciation (+€6,362)
- Tangible fixed assets +€13,038
up €13,038 (+108.4%), from €12,030 to €25,068
of which Other tangible fixed assets: +€14,853
- Receivables within one year +€8,683
up €8,683 (+1495.2%), from €581 to €9,263
of which Trade receivables: +€8,640
- Profit (loss) carried forward +€71,285
up €71,285 (+70.8%), from €100,632 to €171,917
- Tax, wage and social debts -€8,785
down €8,785 (-91.4%), from €9,609 to €824
- Gross operating margin +€9,287
up €9,287 (+10.5%), from €88,033 to €97,320
- Purchases and services -€8,384
down €8,384 (-11.0%), from €76,006 to €67,621
- Depreciation +€3,764
up €3,764 (+144.9%), from €2,598 to €6,362
- Taxes +€1,334
up €1,334 (+7.6%), from €17,455 to €18,790
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 | €113,463 | €174,876 | +€61,413 | +54.1% |
| Fixed assets | 21/28 | €12,030 | €25,068 | +€13,038 | +108.4% |
| Tangible fixed assets | 22/27 | €12,030 | €25,068 | +€13,038 | +108.4% |
| Plant, machinery and equipment | 23 | €3,974 | €3,408 | -€565 | -14.2% |
| Furniture and vehicles | 24 | €5,922 | €4,672 | -€1,250 | -21.1% |
| Other tangible fixed assets | 26 | €2,135 | €16,988 | +€14,853 | +695.7% |
| Current assets | 29/58 | €101,433 | €149,809 | +€48,376 | +47.7% |
| Amounts receivable within one year | 40/41 | €581 | €9,263 | +€8,683 | +1495.2% |
| Trade receivables | 40 | €581 | €9,221 | +€8,640 | +1487.9% |
| Other amounts receivable | 41 | - | €42 | +€42 | |
| Cash at bank and in hand | 54/58 | €99,326 | €140,079 | +€40,753 | +41.0% |
| Deferred charges and accrued income | 490/1 | €1,526 | €467 | -€1,060 | -69.4% |
| Total equity and liabilities | 10/49 | €113,463 | €174,876 | +€61,413 | +54.1% |
| Equity | 10/15 | €101,632 | €172,917 | +€71,285 | +70.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,632 | €171,917 | +€71,285 | +70.8% |
| Amounts payable | 17/49 | €11,832 | €1,960 | -€9,872 | -83.4% |
| Amounts payable within one year | 42/48 | €11,832 | €1,960 | -€9,872 | -83.4% |
| Trade debts | 44 | €2,126 | €1,136 | -€990 | -46.6% |
| Suppliers | 440/4 | €2,126 | €1,136 | -€990 | -46.6% |
| Taxes, remuneration and social security | 45 | €9,609 | €824 | -€8,785 | -91.4% |
| Taxes | 450/3 | €9,609 | €824 | -€8,785 | -91.4% |
| Other amounts payable | 47/48 | €97 | - | -€97 | |
| Goods, raw materials, services and sundry goods | 60/61 | €76,006 | €67,621 | -€8,384 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,598 | €6,362 | +€3,764 | +144.9% |
| Other operating charges | 640/8 | €1,045 | €646 | -€400 | -38.2% |
| Gross operating margin | 9900 | €88,033 | €97,320 | +€9,287 | +10.5% |
| Operating profit (loss) | 9901 | €84,390 | €90,312 | +€5,922 | +7.0% |
| Financial charges | 65/66B | €249 | €238 | -€11 | -4.6% |
| Recurring financial charges | 65 | €249 | €238 | -€11 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €84,141 | €90,075 | +€5,934 | +7.1% |
| Income taxes | 67/77 | €17,455 | €18,790 | +€1,334 | +7.6% |
| Profit (loss) for the period | 9904 | €66,685 | €71,285 | +€4,599 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,685 | €71,285 | +€4,599 | +6.9% |
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 1 October 2026 via checked.be.