MEHUYS: 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.
MEHUYS
Largest movements
- Receivables within one year -€259,880
down €259,880 (-86.1%), from €301,985 to €42,105
of which Trade receivables: -€243,600
- Stocks and contracts +€217,750
up €217,750 (+49.0%), from €444,250 to €662,000
- Cash +€72,183
up €72,183 (+27.0%), from €267,534 to €339,717
mainly Receivables within one year (+€259,880) and Net result for the year (+€73,638)
- Deferred charges and accrued income +€19,318
up €19,318 (+39.2%), from €49,226 to €68,544
- Reserves +€73,636
up €73,636 (+16.4%), from €448,714 to €522,350
of which Distributable reserves: +€73,636
- Accrued charges and deferred income +€44,340
up €44,340 (+273%), from €16,250 to €60,590
- Other debts -€30,811
down €30,811 (-55.6%), from €55,420 to €24,610
- Debts after one year -€21,939
down €21,939 (-31.9%), from €68,868 to €46,929
- Current portion of long-term debt -€21,257
down €21,257 (-46.8%), from €45,442 to €24,185
- Gross operating margin +€53,234
up €53,234 (+55.5%), from €95,962 to €149,196
- Taxes +€12,452
up €12,452 (+105%), from €11,843 to €24,296
- Depreciation -€6,744
down €6,744 (-15.1%), from €44,595 to €37,851
- Financial income +€3,678
up €3,678 (+1,021%), from €360 to €4,038
- Financial charges +€2,256
up €2,256 (+17.0%), from €13,251 to €15,507
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 | €1,150,524 | €1,193,394 | +€42,870 | +3.7% |
| Fixed assets | 21/28 | €87,529 | €81,027 | -€6,501 | -7.4% |
| Tangible fixed assets | 22/27 | €75,079 | €68,578 | -€6,501 | -8.7% |
| Plant, machinery and equipment | 23 | €35,699 | €26,883 | -€8,815 | -24.7% |
| Furniture and vehicles | 24 | €19,249 | €38,393 | +€19,144 | +99.5% |
| Leasing and similar rights | 25 | €16,830 | €0 | -€16,830 | -100% |
| Other tangible fixed assets | 26 | €3,302 | €3,302 | = | 0.0% |
| Financial fixed assets | 28 | €12,450 | €12,450 | = | 0.0% |
| Current assets | 29/58 | €1,062,995 | €1,112,366 | +€49,371 | +4.6% |
| Stocks and contracts in progress | 3 | €444,250 | €662,000 | +€217,750 | +49.0% |
| Stocks | 30/36 | €444,250 | €662,000 | +€217,750 | +49.0% |
| Amounts receivable within one year | 40/41 | €301,985 | €42,105 | -€259,880 | -86.1% |
| Trade receivables | 40 | €285,705 | €42,105 | -€243,600 | -85.3% |
| Other amounts receivable | 41 | €16,280 | €0 | -€16,280 | -100% |
| Cash at bank and in hand | 54/58 | €267,534 | €339,717 | +€72,183 | +27.0% |
| Deferred charges and accrued income | 490/1 | €49,226 | €68,544 | +€19,318 | +39.2% |
| Total equity and liabilities | 10/49 | €1,150,524 | €1,193,394 | +€42,870 | +3.7% |
| Equity | 10/15 | €386,478 | €460,116 | +€73,638 | +19.1% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €448,714 | €522,350 | +€73,636 | +16.4% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | €298,364 | €372,000 | +€73,636 | +24.7% |
| Profit (loss) carried forward | 14 | -€222,236 | -€222,234 | +€2 | 0.0% |
| Amounts payable | 17/49 | €764,046 | €733,278 | -€30,768 | -4.0% |
| Amounts payable after more than one year | 17 | €68,868 | €46,929 | -€21,939 | -31.9% |
| Financial debts | 170/4 | €68,868 | €46,929 | -€21,939 | -31.9% |
| Amounts payable within one year | 42/48 | €678,929 | €625,760 | -€53,169 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €45,442 | €24,185 | -€21,257 | -46.8% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €367,833 | €355,808 | -€12,026 | -3.3% |
| Suppliers | 440/4 | €367,833 | €355,808 | -€12,026 | -3.3% |
| Taxes, remuneration and social security | 45 | €10,233 | €21,157 | +€10,924 | +107% |
| Taxes | 450/3 | €10,233 | €21,157 | +€10,924 | +107% |
| Other amounts payable | 47/48 | €55,420 | €24,610 | -€30,811 | -55.6% |
| Accrued charges and deferred income | 492/3 | €16,250 | €60,590 | +€44,340 | +273% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,595 | €37,851 | -€6,744 | -15.1% |
| Other operating charges | 640/8 | €1,880 | €1,941 | +€61 | +3.2% |
| Gross operating margin | 9900 | €95,962 | €149,196 | +€53,234 | +55.5% |
| Operating profit (loss) | 9901 | €49,486 | €109,403 | +€59,918 | +121% |
| Financial income | 75/76B | €360 | €4,038 | +€3,678 | +1,021% |
| Recurring financial income | 75 | €360 | €4,038 | +€3,678 | +1,021% |
| Financial charges | 65/66B | €13,251 | €15,507 | +€2,256 | +17.0% |
| Recurring financial charges | 65 | €13,251 | €15,507 | +€2,256 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €36,594 | €97,934 | +€61,339 | +168% |
| Income taxes | 67/77 | €11,843 | €24,296 | +€12,452 | +105% |
| Profit (loss) for the period | 9904 | €24,751 | €73,638 | +€48,887 | +198% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €24,751 | €73,638 | +€48,887 | +198% |
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.