M.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.H
Largest movements
- Cash +€12,419
up €12,419 (+4,917%), from €253 to €12,671
mainly Trade debts (+€24,062) and Net result for the year (+€5,092)
- Receivables within one year +€10,301
up €10,301 (+18.8%), from €54,918 to €65,218
of which Other amounts receivable: +€6,148
- Deferred charges and accrued income +€9,292
up €9,292 (+637%), from €1,459 to €10,751
- Trade debts +€24,062
up €24,062 (+171%), from €14,101 to €38,163
- Profit (loss) carried forward +€5,092
up €5,092 (+47.6%), from €10,700 to €15,791
- Tax, wage and social debts +€3,289
up €3,289 (+36.7%), from €8,961 to €12,250
- Gross operating margin +€2,523
up €2,523 (+4.8%), from €52,631 to €55,155
- Taxes +€1,913
up €1,913 (+103%), from €1,857 to €3,770
- Depreciation +€908
up €908 (+42.0%), from €2,161 to €3,069
- Other operating charges -€877
down €877 (-2.0%), from €43,176 to €42,299
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 | €63,909 | €96,352 | +€32,443 | +50.8% |
| Fixed assets | 21/28 | €7,280 | €7,711 | +€431 | +5.9% |
| Tangible fixed assets | 22/27 | €7,280 | €7,711 | +€431 | +5.9% |
| Furniture and vehicles | 24 | €7,280 | €7,711 | +€431 | +5.9% |
| Current assets | 29/58 | €56,630 | €88,641 | +€32,012 | +56.5% |
| Amounts receivable within one year | 40/41 | €54,918 | €65,218 | +€10,301 | +18.8% |
| Trade receivables | 40 | €23,241 | €27,393 | +€4,153 | +17.9% |
| Other amounts receivable | 41 | €31,677 | €37,825 | +€6,148 | +19.4% |
| Cash at bank and in hand | 54/58 | €253 | €12,671 | +€12,419 | +4,917% |
| Deferred charges and accrued income | 490/1 | €1,459 | €10,751 | +€9,292 | +637% |
| Total equity and liabilities | 10/49 | €63,909 | €96,352 | +€32,443 | +50.8% |
| Equity | 10/15 | €40,847 | €45,939 | +€5,092 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,548 | €11,548 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,688 | €9,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,700 | €15,791 | +€5,092 | +47.6% |
| Amounts payable | 17/49 | €23,062 | €50,413 | +€27,351 | +119% |
| Amounts payable within one year | 42/48 | €23,062 | €50,413 | +€27,351 | +119% |
| Trade debts | 44 | €14,101 | €38,163 | +€24,062 | +171% |
| Suppliers | 440/4 | €14,101 | €38,163 | +€24,062 | +171% |
| Taxes, remuneration and social security | 45 | €8,961 | €12,250 | +€3,289 | +36.7% |
| Taxes | 450/3 | €8,961 | €12,250 | +€3,289 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,161 | €3,069 | +€908 | +42.0% |
| Other operating charges | 640/8 | €43,176 | €42,299 | -€877 | -2.0% |
| Gross operating margin | 9900 | €52,631 | €55,155 | +€2,523 | +4.8% |
| Operating profit (loss) | 9901 | €7,295 | €9,787 | +€2,492 | +34.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €510 | €926 | +€415 | +81.4% |
| Recurring financial charges | 65 | €510 | €926 | +€415 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | €6,788 | €8,861 | +€2,073 | +30.5% |
| Income taxes | 67/77 | €1,857 | €3,770 | +€1,913 | +103% |
| Profit (loss) for the period | 9904 | €4,932 | €5,092 | +€160 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,932 | €5,092 | +€160 | +3.2% |
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 20 October 2026 via checked.be.