MH-AGENCY: 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.
MH-AGENCY
Largest movements
- Cash -€5,911
down €5,911 (-98.5%), from €5,999 to €88
mainly Trade debts (-€40,450) and Other debts (-€684)
- Trade debts -€40,450
down €40,450 (-65.3%), from €61,970 to €21,520
- Reserves +€26,478
up €26,478 (+72.4%), from €36,552 to €63,030
- Advances received +€4,748
up €4,748 (+67.8%), from €7,000 to €11,748
- Gross operating margin +€21,988
up €21,988 (+178%), from €12,332 to €34,320
- Taxes +€4,186
up €4,186 (+172%), from €2,434 to €6,619
- Other operating charges -€819
down €819 (-86.7%), from €945 to €126
- Financial charges +€474
up €474 (+76.2%), from €623 to €1,097
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 | €214,279 | €206,321 | -€7,959 | -3.7% |
| Fixed assets | 21/28 | €87,500 | €87,500 | = | 0.0% |
| Financial fixed assets | 28 | €87,500 | €87,500 | = | 0.0% |
| Current assets | 29/58 | €126,779 | €118,821 | -€7,959 | -6.3% |
| Amounts receivable within one year | 40/41 | €120,780 | €118,733 | -€2,048 | -1.7% |
| Trade receivables | 40 | €91,236 | €25,773 | -€65,463 | -71.8% |
| Other amounts receivable | 41 | €29,545 | €92,960 | +€63,415 | +215% |
| Cash at bank and in hand | 54/58 | €5,999 | €88 | -€5,911 | -98.5% |
| Total equity and liabilities | 10/49 | €214,279 | €206,321 | -€7,959 | -3.7% |
| Equity | 10/15 | €124,052 | €150,530 | +€26,478 | +21.3% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Reserves | 13 | €36,552 | €63,030 | +€26,478 | +72.4% |
| Distributable reserves | 133 | €36,552 | €63,030 | +€26,478 | +72.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €90,227 | €55,791 | -€34,436 | -38.2% |
| Amounts payable within one year | 42/48 | €90,227 | €55,791 | -€34,436 | -38.2% |
| Trade debts | 44 | €61,970 | €21,520 | -€40,450 | -65.3% |
| Suppliers | 440/4 | €61,970 | €21,520 | -€40,450 | -65.3% |
| Advances received on contracts in progress | 46 | €7,000 | €11,748 | +€4,748 | +67.8% |
| Taxes, remuneration and social security | 45 | €19,178 | €21,128 | +€1,949 | +10.2% |
| Taxes | 450/3 | €19,178 | €11,528 | -€7,651 | -39.9% |
| Remuneration and social security | 454/9 | - | €9,600 | +€9,600 | |
| Other amounts payable | 47/48 | €2,079 | €1,395 | -€684 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €945 | €126 | -€819 | -86.7% |
| Gross operating margin | 9900 | €12,332 | €34,320 | +€21,988 | +178% |
| Operating profit (loss) | 9901 | €11,387 | €34,194 | +€22,807 | +200% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €623 | €1,097 | +€474 | +76.2% |
| Recurring financial charges | 65 | €623 | €1,097 | +€474 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | €10,764 | €33,097 | +€22,333 | +207% |
| Income taxes | 67/77 | €2,434 | €6,619 | +€4,186 | +172% |
| Profit (loss) for the period | 9904 | €8,331 | €26,478 | +€18,147 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €8,331 | €26,478 | +€18,147 | +218% |
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 31 October 2026 via checked.be.