MH7 ENGINEERING: 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.
MH7 ENGINEERING
Largest movements
- Cash +€113,783
up €113,783 (+162.7%), from €69,955 to €183,738
mainly Net result for the year (+€110,884) and Tax, wage and social debts (+€14,549)
- Tangible fixed assets -€13,609
down €13,609 (-29.4%), from €46,324 to €32,715
- Stocks and contracts +€8,040
up €8,040 (+117.7%), from €6,830 to €14,870
- Receivables within one year +€2,647
up €2,647 (+13.3%), from €19,869 to €22,516
- Reserves +€110,884
up €110,884 (+162.3%), from €68,314 to €179,198
- Tax, wage and social debts +€14,549
up €14,549 (+388.3%), from €3,747 to €18,296
- Debts after one year -€7,902
down €7,902 (-69.9%), from €11,312 to €3,410
- Trade debts -€6,884
down €6,884 (-85.1%), from €8,086 to €1,202
- Gross operating margin +€111,553
up €111,553 (+211.2%), from €52,828 to €164,381
- Taxes +€29,966
up €29,966 (+391.5%), from €7,654 to €37,620
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 | €142,979 | €253,839 | +€110,860 | +77.5% |
| Fixed assets | 21/28 | €46,324 | €32,715 | -€13,609 | -29.4% |
| Tangible fixed assets | 22/27 | €46,324 | €32,715 | -€13,609 | -29.4% |
| Furniture and vehicles | 24 | €46,324 | €32,715 | -€13,609 | -29.4% |
| Current assets | 29/58 | €96,654 | €221,124 | +€124,469 | +128.8% |
| Stocks and contracts in progress | 3 | €6,830 | €14,870 | +€8,040 | +117.7% |
| Stocks | 30/36 | €6,830 | €14,870 | +€8,040 | +117.7% |
| Amounts receivable within one year | 40/41 | €19,869 | €22,516 | +€2,647 | +13.3% |
| Trade receivables | 40 | €19,869 | €22,516 | +€2,647 | +13.3% |
| Cash at bank and in hand | 54/58 | €69,955 | €183,738 | +€113,783 | +162.7% |
| Total equity and liabilities | 10/49 | €142,979 | €253,839 | +€110,860 | +77.5% |
| Equity | 10/15 | €108,314 | €219,198 | +€110,884 | +102.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €68,314 | €179,198 | +€110,884 | +162.3% |
| Distributable reserves | 133 | €68,314 | €179,198 | +€110,884 | +162.3% |
| Amounts payable | 17/49 | €34,665 | €34,640 | -€24 | -0.1% |
| Amounts payable after more than one year | 17 | €11,312 | €3,410 | -€7,902 | -69.9% |
| Financial debts | 170/4 | €11,312 | €3,410 | -€7,902 | -69.9% |
| Amounts payable within one year | 42/48 | €21,353 | €29,481 | +€8,128 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €7,521 | €7,902 | +€381 | +5.1% |
| Trade debts | 44 | €8,086 | €1,202 | -€6,884 | -85.1% |
| Suppliers | 440/4 | €8,086 | €1,202 | -€6,884 | -85.1% |
| Taxes, remuneration and social security | 45 | €3,747 | €18,296 | +€14,549 | +388.3% |
| Taxes | 450/3 | €3,747 | €18,296 | +€14,549 | +388.3% |
| Other amounts payable | 47/48 | €1,998 | €2,080 | +€82 | +4.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,750 | -€250 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,838 | €14,307 | +€468 | +3.4% |
| Other operating charges | 640/8 | €573 | €683 | +€109 | +19.0% |
| Gross operating margin | 9900 | €52,828 | €164,381 | +€111,553 | +211.2% |
| Operating profit (loss) | 9901 | €38,416 | €149,392 | +€110,976 | +288.9% |
| Financial income | 75/76B | €113 | €186 | +€74 | +65.5% |
| Recurring financial income | 75 | €113 | €186 | +€74 | +65.5% |
| Financial charges | 65/66B | €1,288 | €1,074 | -€214 | -16.6% |
| Recurring financial charges | 65 | €1,288 | €1,074 | -€214 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €37,241 | €148,505 | +€111,264 | +298.8% |
| Income taxes | 67/77 | €7,654 | €37,620 | +€29,966 | +391.5% |
| Profit (loss) for the period | 9904 | €29,587 | €110,884 | +€81,297 | +274.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,587 | €110,884 | +€81,297 | +274.8% |
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 11 October 2026 via checked.be.