M.C.H.: 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.C.H.
Largest movements
- Stocks and contracts +€56,299
up €56,299 (+66.8%), from €84,227 to €140,526
- Cash -€21,328
down €21,328 (-26.0%), from €82,051 to €60,724
mainly Stocks and contracts (-€56,299) and Tax, wage and social debts (-€55,337)
- Receivables within one year +€21,157
up €21,157 (+4.0%), from €531,241 to €552,399
of which Other amounts receivable: +€25,964
- Trade debts +€81,883
up €81,883 (+91.8%), from €89,212 to €171,095
- Tax, wage and social debts -€55,337
down €55,337 (-73.4%), from €75,369 to €20,032
of which Taxes: -€55,337
- Current portion of long-term debt +€44,252
up €44,252 (+295%), from €14,987 to €59,239
- Short-term financial debts -€30,272
down €30,272 (-97.3%), from €31,127 to €855
- Reserves +€14,230
up €14,230 (+765%), from €1,859 to €16,090
of which Distributable reserves: +€14,230
- Gross operating margin -€13,351
down €13,351 (-19.1%), from €70,073 to €56,722
- Other operating charges -€10,105
down €10,105 (-60.6%), from €16,672 to €6,567
- Financial charges -€7,135
down €7,135 (-45.3%), from €15,751 to €8,615
- Staff costs +€3,777
new in 2024: €3,777
- Taxes +€3,540
up €3,540 (+44.0%), from €8,052 to €11,592
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 | €873,318 | €919,533 | +€46,214 | +5.3% |
| Fixed assets | 21/28 | €173,167 | €165,711 | -€7,457 | -4.3% |
| Intangible fixed assets | 21 | €953 | - | -€953 | |
| Tangible fixed assets | 22/27 | €167,565 | €161,061 | -€6,504 | -3.9% |
| Land and buildings | 22 | €152,830 | €149,962 | -€2,867 | -1.9% |
| Plant, machinery and equipment | 23 | - | €932 | +€932 | |
| Furniture and vehicles | 24 | €14,239 | €7,400 | -€6,839 | -48.0% |
| Other tangible fixed assets | 26 | €496 | €2,767 | +€2,271 | +458% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €700,151 | €753,822 | +€53,671 | +7.7% |
| Stocks and contracts in progress | 3 | €84,227 | €140,526 | +€56,299 | +66.8% |
| Stocks | 30/36 | €84,227 | €140,526 | +€56,299 | +66.8% |
| Amounts receivable within one year | 40/41 | €531,241 | €552,399 | +€21,157 | +4.0% |
| Trade receivables | 40 | €471,170 | €466,364 | -€4,806 | -1.0% |
| Other amounts receivable | 41 | €60,071 | €86,035 | +€25,964 | +43.2% |
| Cash at bank and in hand | 54/58 | €82,051 | €60,724 | -€21,328 | -26.0% |
| Deferred charges and accrued income | 490/1 | €2,631 | €174 | -€2,457 | -93.4% |
| Total equity and liabilities | 10/49 | €873,318 | €919,533 | +€46,214 | +5.3% |
| Equity | 10/15 | €549,176 | €563,406 | +€14,230 | +2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €16,090 | +€14,230 | +765% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €14,230 | +€14,230 | |
| Profit (loss) carried forward | 14 | €528,725 | €528,725 | = | 0.0% |
| Amounts payable | 17/49 | €324,142 | €356,126 | +€31,984 | +9.9% |
| Amounts payable after more than one year | 17 | €113,448 | €104,905 | -€8,542 | -7.5% |
| Financial debts | 170/4 | €113,448 | €104,905 | -€8,542 | -7.5% |
| Amounts payable within one year | 42/48 | €210,695 | €251,221 | +€40,526 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €14,987 | €59,239 | +€44,252 | +295% |
| Financial debts | 43 | €31,127 | €855 | -€30,272 | -97.3% |
| Credit institutions | 430/8 | €31,127 | €855 | -€30,272 | -97.3% |
| Trade debts | 44 | €89,212 | €171,095 | +€81,883 | +91.8% |
| Suppliers | 440/4 | €89,212 | €171,095 | +€81,883 | +91.8% |
| Taxes, remuneration and social security | 45 | €75,369 | €20,032 | -€55,337 | -73.4% |
| Taxes | 450/3 | €75,369 | €20,032 | -€55,337 | -73.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €3,777 | +€3,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,089 | €14,963 | +€874 | +6.2% |
| Other operating charges | 640/8 | €16,672 | €6,567 | -€10,105 | -60.6% |
| Non-recurring operating charges | 66A | €750 | - | -€750 | |
| Gross operating margin | 9900 | €70,073 | €56,722 | -€13,351 | -19.1% |
| Operating profit (loss) | 9901 | €38,562 | €31,414 | -€7,147 | -18.5% |
| Financial income | 75/76B | €5,077 | €3,024 | -€2,053 | -40.4% |
| Recurring financial income | 75 | €5,077 | €3,024 | -€2,053 | -40.4% |
| Financial charges | 65/66B | €15,751 | €8,615 | -€7,135 | -45.3% |
| Recurring financial charges | 65 | €15,751 | €8,615 | -€7,135 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €27,888 | €25,823 | -€2,065 | -7.4% |
| Income taxes | 67/77 | €8,052 | €11,592 | +€3,540 | +44.0% |
| Profit (loss) for the period | 9904 | €19,836 | €14,230 | -€5,605 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,836 | €14,230 | -€5,605 | -28.3% |
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 29 October 2026 via checked.be.