MH Group: 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 Group
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+51.2%), from €2.2m to €3.3m
- Receivables within one year -€372,500
no longer reported in 2024 (was €372,500)
- Debts after one year +€484,846
new in 2024: €484,846
- Other debts +€247,815
new in 2024: €247,815
- Profit (loss) carried forward -€46,217
down €46,217 (-384.3%), from -€12,026 to -€58,243
- Current portion of long-term debt +€40,139
new in 2024: €40,139
- Gross operating margin -€46,647
down €46,647 (-2279.3%), from -€2,047 to -€48,693
- Financial charges +€15,820
up €15,820 (+3426.6%), from €462 to €16,282
- Financial income +€6,641
up €6,641 (+50.8%), from €13,084 to €19,725
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.
Cash bridge derived
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 | €2,538,114 | €3,270,107 | +€731,993 | +28.8% |
| Fixed assets | 21/28 | €2,150,000 | €3,250,000 | +€1.1m | +51.2% |
| Financial fixed assets | 28 | €2,150,000 | €3,250,000 | +€1.1m | +51.2% |
| Current assets | 29/58 | €388,114 | €20,107 | -€368,007 | -94.8% |
| Amounts receivable within one year | 40/41 | €372,500 | - | -€372,500 | |
| Other amounts receivable | 41 | €372,500 | - | -€372,500 | |
| Cash at bank and in hand | 54/58 | €2,530 | €20,107 | +€17,577 | +694.8% |
| Deferred charges and accrued income | 490/1 | €13,084 | - | -€13,084 | |
| Total equity and liabilities | 10/49 | €2,538,114 | €3,270,107 | +€731,993 | +28.8% |
| Equity | 10/15 | €2,537,974 | €2,491,757 | -€46,217 | -1.8% |
| Contributions | 10/11 | €2,550,000 | €2,550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,026 | -€58,243 | -€46,217 | -384.3% |
| Amounts payable | 17/49 | €140 | €778,350 | +€778,210 | +555586.4% |
| Amounts payable after more than one year | 17 | - | €484,846 | +€484,846 | |
| Financial debts | 170/4 | - | €484,846 | +€484,846 | |
| Amounts payable within one year | 42/48 | €104 | €288,032 | +€287,929 | +277762.6% |
| Current portion of amounts payable after more than one year | 42 | - | €40,139 | +€40,139 | |
| Trade debts | 44 | €104 | €78 | -€25 | -24.5% |
| Suppliers | 440/4 | €104 | €78 | -€25 | -24.5% |
| Other amounts payable | 47/48 | - | €247,815 | +€247,815 | |
| Accrued charges and deferred income | 492/3 | €36 | €5,472 | +€5,435 | +14927.8% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€2,047 | -€48,693 | -€46,647 | -2279.3% |
| Operating profit (loss) | 9901 | -€3,007 | -€49,661 | -€46,654 | -1551.6% |
| Financial income | 75/76B | €13,084 | €19,725 | +€6,641 | +50.8% |
| Recurring financial income | 75 | €13,084 | €19,725 | +€6,641 | +50.8% |
| Financial charges | 65/66B | €462 | €16,282 | +€15,820 | +3426.6% |
| Recurring financial charges | 65 | €462 | €16,282 | +€15,820 | +3426.6% |
| Profit (loss) for the period before taxes | 9903 | €9,616 | -€46,217 | -€55,833 | |
| Profit (loss) for the period | 9904 | €9,616 | -€46,217 | -€55,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,616 | -€46,217 | -€55,833 |
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 10 October 2026 via checked.be.