MNHDT: 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.
MNHDT
Largest movements
- Receivables within one year +€33,967
up €33,967 (+91.9%), from €36,951 to €70,917
of which Trade receivables: +€33,138
- Tangible fixed assets +€10,300
up €10,300 (+538.8%), from €1,912 to €12,211
of which Furniture and vehicles: +€9,490
- Cash +€7,266
up €7,266 (+48.5%), from €14,973 to €22,239
mainly Trade debts (+€61,812) and Other debts (+€17,693)
- Deferred charges and accrued income -€2,292
no longer reported in 2025 (was €2,292)
- Stocks and contracts -€1,521
down €1,521 (-6.2%), from €24,511 to €22,991
- Trade debts +€61,812
up €61,812 (+185.6%), from €33,299 to €95,111
- Profit (loss) carried forward -€31,244
down €31,244 (-50.7%), from -€61,573 to -€92,817
- Other debts +€17,693
up €17,693 (+274.4%), from €6,447 to €24,141
- Financial income -€29,823
down €29,823 (-98.5%), from €30,272 to €449
- Gross operating margin -€14,198
down €14,198 (-106.2%), from -€13,371 to -€27,569
- Depreciation +€2,416
up €2,416 (+439.9%), from €549 to €2,965
- Other operating charges +€681
up €681 (+351.6%), from €194 to €875
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 | €80,639 | €128,358 | +€47,719 | +59.2% |
| Fixed assets | 21/28 | €1,912 | €12,211 | +€10,300 | +538.8% |
| Tangible fixed assets | 22/27 | €1,912 | €12,211 | +€10,300 | +538.8% |
| Plant, machinery and equipment | 23 | €723 | €1,532 | +€809 | +111.9% |
| Furniture and vehicles | 24 | €1,188 | €10,679 | +€9,490 | +798.6% |
| Current assets | 29/58 | €78,727 | €116,147 | +€37,420 | +47.5% |
| Stocks and contracts in progress | 3 | €24,511 | €22,991 | -€1,521 | -6.2% |
| Stocks | 30/36 | €24,511 | €22,991 | -€1,521 | -6.2% |
| Amounts receivable within one year | 40/41 | €36,951 | €70,917 | +€33,967 | +91.9% |
| Trade receivables | 40 | €36,518 | €69,657 | +€33,138 | +90.7% |
| Other amounts receivable | 41 | €432 | €1,260 | +€828 | +191.6% |
| Cash at bank and in hand | 54/58 | €14,973 | €22,239 | +€7,266 | +48.5% |
| Deferred charges and accrued income | 490/1 | €2,292 | - | -€2,292 | |
| Total equity and liabilities | 10/49 | €80,639 | €128,358 | +€47,719 | +59.2% |
| Equity | 10/15 | €40,092 | €8,848 | -€31,244 | -77.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,665 | €1,665 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,665 | - | -€1,665 | |
| Reserves not available under the articles | 1311 | €1,665 | - | -€1,665 | |
| Distributable reserves | 133 | - | €1,665 | +€1,665 | |
| Profit (loss) carried forward | 14 | -€61,573 | -€92,817 | -€31,244 | -50.7% |
| Amounts payable | 17/49 | €40,547 | €119,511 | +€78,964 | +194.7% |
| Amounts payable within one year | 42/48 | €40,547 | €119,511 | +€78,964 | +194.7% |
| Trade debts | 44 | €33,299 | €95,111 | +€61,812 | +185.6% |
| Suppliers | 440/4 | €33,299 | €95,111 | +€61,812 | +185.6% |
| Taxes, remuneration and social security | 45 | €800 | €258 | -€542 | -67.7% |
| Taxes | 450/3 | €800 | €258 | -€542 | -67.7% |
| Other amounts payable | 47/48 | €6,447 | €24,141 | +€17,693 | +274.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €2,965 | +€2,416 | +439.9% |
| Other operating charges | 640/8 | €194 | €875 | +€681 | +351.6% |
| Gross operating margin | 9900 | -€13,371 | -€27,569 | -€14,198 | -106.2% |
| Operating profit (loss) | 9901 | -€14,114 | -€31,408 | -€17,295 | -122.5% |
| Financial income | 75/76B | €30,272 | €449 | -€29,823 | -98.5% |
| Recurring financial income | 75 | €30,272 | €449 | -€29,823 | -98.5% |
| Financial charges | 65/66B | €51 | €148 | +€97 | +190.4% |
| Recurring financial charges | 65 | €51 | €148 | +€97 | +190.4% |
| Profit (loss) for the period before taxes | 9903 | €16,107 | -€31,108 | -€47,215 | |
| Income taxes | 67/77 | €122 | €136 | +€14 | +11.6% |
| Profit (loss) for the period | 9904 | €15,985 | -€31,244 | -€47,229 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,985 | -€31,244 | -€47,229 |
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 7 October 2026 via checked.be.