M-AHARCHI: 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.
M-AHARCHI
Largest movements
- Receivables within one year -€8,861
no longer reported in 2024 (was €8,861)
of which Trade receivables: -€8,684
- Tangible fixed assets -€1,123
no longer reported in 2024 (was €1,123)
- Cash -€974
down €974 (-24.8%), from €3,932 to €2,957
mainly Net result for the year (-€24,093) and Tax, wage and social debts (-€3,636)
- Profit (loss) carried forward -€24,093
down €24,093 (-311%), from -€7,739 to -€31,832
- Trade debts +€17,217
new in 2024: €17,217
- Tax, wage and social debts -€3,636
down €3,636 (-41.3%), from €8,808 to €5,173
- Other debts -€446
no longer reported in 2024 (was €446)
- Gross operating margin -€29,941
down €29,941, from €10,332 to -€19,609
- Purchases and services +€27,372
up €27,372 (+42.9%), from €63,780 to €91,152
- Turnover -€2,569
down €2,569 (-3.5%), from €74,113 to €71,544
- Other operating charges +€1,856
up €1,856 (+123%), from €1,506 to €3,362
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,916 | €2,957 | -€10,958 | -78.7% |
| Fixed assets | 21/28 | €1,123 | - | -€1,123 | |
| Tangible fixed assets | 22/27 | €1,123 | - | -€1,123 | |
| Furniture and vehicles | 24 | €1,123 | - | -€1,123 | |
| Current assets | 29/58 | €12,793 | €2,957 | -€9,835 | -76.9% |
| Amounts receivable within one year | 40/41 | €8,861 | - | -€8,861 | |
| Trade receivables | 40 | €8,684 | - | -€8,684 | |
| Other amounts receivable | 41 | €177 | - | -€177 | |
| Cash at bank and in hand | 54/58 | €3,932 | €2,957 | -€974 | -24.8% |
| Total equity and liabilities | 10/49 | €13,916 | €2,957 | -€10,958 | -78.7% |
| Equity | 10/15 | €4,661 | -€19,432 | -€24,093 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,739 | -€31,832 | -€24,093 | -311% |
| Amounts payable | 17/49 | €9,254 | €22,390 | +€13,135 | +142% |
| Amounts payable within one year | 42/48 | €9,254 | €22,390 | +€13,135 | +142% |
| Trade debts | 44 | - | €17,217 | +€17,217 | |
| Suppliers | 440/4 | - | €17,217 | +€17,217 | |
| Taxes, remuneration and social security | 45 | €8,808 | €5,173 | -€3,636 | -41.3% |
| Taxes | 450/3 | €8,808 | €5,173 | -€3,636 | -41.3% |
| Other amounts payable | 47/48 | €446 | - | -€446 | |
| Turnover | 70 | €74,113 | €71,544 | -€2,569 | -3.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €63,780 | €91,152 | +€27,372 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €1,123 | -€377 | -25.1% |
| Other operating charges | 640/8 | €1,506 | €3,362 | +€1,856 | +123% |
| Gross operating margin | 9900 | €10,332 | -€19,609 | -€29,941 | |
| Operating profit (loss) | 9901 | €7,327 | -€24,093 | -€31,420 | |
| Financial charges | 65/66B | €129 | - | -€129 | |
| Recurring financial charges | 65 | €129 | - | -€129 | |
| Profit (loss) for the period before taxes | 9903 | €7,197 | -€24,093 | -€31,291 | |
| Profit (loss) for the period | 9904 | €7,197 | -€24,093 | -€31,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,197 | -€24,093 | -€31,291 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.