MHZ: 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.
MHZ
Largest movements
- Receivables within one year +€5,588
up €5,588 (+16.0%), from €34,882 to €40,471
of which Other amounts receivable: +€4,398
- Cash +€5,339
up €5,339 (+941%), from €567 to €5,907
mainly Net result for the year (+€5,529) and Trade debts (+€5,041)
- Profit (loss) carried forward +€5,529
up €5,529 (+80.5%), from €6,869 to €12,398
- Trade debts +€5,041
up €5,041 (+16.2%), from €31,041 to €36,082
- Turnover +€106,999
up €106,999 (+20.5%), from €522,938 to €629,937
- Purchases and services +€98,582
up €98,582 (+19.6%), from €503,636 to €602,218
- Gross operating margin +€8,417
up €8,417 (+43.6%), from €19,302 to €27,719
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 | €51,149 | €61,877 | +€10,728 | +21.0% |
| Current assets | 29/58 | €51,149 | €61,877 | +€10,728 | +21.0% |
| Stocks and contracts in progress | 3 | €15,700 | €15,500 | -€200 | -1.3% |
| Stocks | 30/36 | €15,700 | €15,500 | -€200 | -1.3% |
| Amounts receivable within one year | 40/41 | €34,882 | €40,471 | +€5,588 | +16.0% |
| Trade receivables | 40 | €13,845 | €15,036 | +€1,191 | +8.6% |
| Other amounts receivable | 41 | €21,037 | €25,435 | +€4,398 | +20.9% |
| Cash at bank and in hand | 54/58 | €567 | €5,907 | +€5,339 | +941% |
| Total equity and liabilities | 10/49 | €51,149 | €61,877 | +€10,728 | +21.0% |
| Equity | 10/15 | €7,869 | €13,398 | +€5,529 | +70.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,869 | €12,398 | +€5,529 | +80.5% |
| Amounts payable | 17/49 | €43,281 | €48,479 | +€5,199 | +12.0% |
| Amounts payable within one year | 42/48 | €43,281 | €48,479 | +€5,199 | +12.0% |
| Trade debts | 44 | €31,041 | €36,082 | +€5,041 | +16.2% |
| Suppliers | 440/4 | €31,041 | €36,082 | +€5,041 | +16.2% |
| Advances received on contracts in progress | 46 | €7,812 | €7,812 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,427 | €4,585 | +€158 | +3.6% |
| Taxes | 450/3 | €1,584 | €3,369 | +€1,785 | +113% |
| Remuneration and social security | 454/9 | €2,844 | €1,216 | -€1,628 | -57.2% |
| Turnover | 70 | €522,938 | €629,937 | +€106,999 | +20.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €503,636 | €602,218 | +€98,582 | +19.6% |
| Remuneration, social security and pensions | 62 | €12,720 | €17,086 | +€4,366 | +34.3% |
| Other operating charges | 640/8 | €623 | €1,081 | +€458 | +73.5% |
| Gross operating margin | 9900 | €19,302 | €27,719 | +€8,417 | +43.6% |
| Operating profit (loss) | 9901 | €5,958 | €9,551 | +€3,593 | +60.3% |
| Financial charges | 65/66B | €84 | €408 | +€324 | +388% |
| Recurring financial charges | 65 | €84 | €408 | +€324 | +388% |
| Profit (loss) for the period before taxes | 9903 | €5,874 | €9,143 | +€3,269 | +55.6% |
| Income taxes | 67/77 | €2,893 | €3,614 | +€721 | +24.9% |
| Profit (loss) for the period | 9904 | €2,981 | €5,529 | +€2,548 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,981 | €5,529 | +€2,548 | +85.5% |
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 15 October 2026 via checked.be.