MH SOLUTION: what changed
Two fiscal 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 SOLUTION
Largest movements
- Tangible fixed assets +€27,913
up €27,913 (+1642.2%), from €1,700 to €29,613
- Receivables within one year +€14,283
up €14,283 (+2405.5%), from €594 to €14,877
of which Trade receivables: +€14,757
- Cash +€1,667
up €1,667 (+213.7%), from €780 to €2,448
mainly Net result for the year (+€25,048) and Tax, wage and social debts (+€10,121)
- Profit (loss) carried forward +€17,205
no longer reported in 2024 (was -€17,205)
- Tax, wage and social debts +€10,121
new in 2024: €10,121
of which Taxes: +€9,865
- Debts after one year +€8,258
up €8,258 (+182.8%), from €4,516 to €12,774
- Reserves +€6,177
new in 2024: €6,177
- Current portion of long-term debt +€3,257
up €3,257 (+60.9%), from €5,345 to €8,601
- Gross operating margin +€43,325
up €43,325, from -€6,595 to €36,730
- Taxes +€4,277
up €4,277 (+22656.0%), from €19 to €4,296
- Depreciation +€2,442
up €2,442 (+206.6%), from €1,182 to €3,623
- Other operating charges +€2,125
up €2,125 (+611.6%), from €348 to €2,473
- Financial charges +€534
up €534 (+70.6%), from €756 to €1,289
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 | €3,424 | €47,587 | +€44,163 | +1289.9% |
| Fixed assets | 21/28 | €2,050 | €30,263 | +€28,213 | +1376.4% |
| Tangible fixed assets | 22/27 | €1,700 | €29,613 | +€27,913 | +1642.2% |
| Furniture and vehicles | 24 | €1,700 | €29,613 | +€27,913 | +1642.2% |
| Financial fixed assets | 28 | €350 | €650 | +€300 | +85.7% |
| Current assets | 29/58 | €1,374 | €17,325 | +€15,951 | +1160.7% |
| Amounts receivable within one year | 40/41 | €594 | €14,877 | +€14,283 | +2405.5% |
| Trade receivables | 40 | - | €14,757 | +€14,757 | |
| Other amounts receivable | 41 | €594 | €120 | -€473 | -79.7% |
| Cash at bank and in hand | 54/58 | €780 | €2,448 | +€1,667 | +213.7% |
| Total equity and liabilities | 10/49 | €3,424 | €47,587 | +€44,163 | +1289.9% |
| Equity | 10/15 | -€16,205 | €7,177 | +€23,382 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €6,177 | +€6,177 | |
| Distributable reserves | 133 | - | €6,177 | +€6,177 | |
| Profit (loss) carried forward | 14 | -€17,205 | - | +€17,205 | |
| Amounts payable | 17/49 | €19,629 | €40,410 | +€20,781 | +105.9% |
| Amounts payable after more than one year | 17 | €4,516 | €12,774 | +€8,258 | +182.8% |
| Financial debts | 170/4 | €4,516 | €12,774 | +€8,258 | +182.8% |
| Amounts payable within one year | 42/48 | €15,112 | €27,225 | +€12,113 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €5,345 | €8,601 | +€3,257 | +60.9% |
| Financial debts | 43 | €2,008 | - | -€2,008 | |
| Credit institutions | 430/8 | €2,008 | - | -€2,008 | |
| Trade debts | 44 | €1,442 | €1,534 | +€92 | +6.4% |
| Suppliers | 440/4 | €1,442 | €1,534 | +€92 | +6.4% |
| Taxes, remuneration and social security | 45 | - | €10,121 | +€10,121 | |
| Taxes | 450/3 | - | €9,865 | +€9,865 | |
| Remuneration and social security | 454/9 | - | €256 | +€256 | |
| Other amounts payable | 47/48 | €6,318 | €6,969 | +€650 | +10.3% |
| Accrued charges and deferred income | 492/3 | - | €410 | +€410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,182 | €3,623 | +€2,442 | +206.6% |
| Other operating charges | 640/8 | €348 | €2,473 | +€2,125 | +611.6% |
| Gross operating margin | 9900 | -€6,595 | €36,730 | +€43,325 | |
| Operating profit (loss) | 9901 | -€8,124 | €30,634 | +€38,758 | |
| Financial charges | 65/66B | €756 | €1,289 | +€534 | +70.6% |
| Recurring financial charges | 65 | €756 | €1,289 | +€534 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,880 | €29,345 | +€38,224 | |
| Income taxes | 67/77 | €19 | €4,296 | +€4,277 | +22656.0% |
| Profit (loss) for the period | 9904 | -€8,899 | €25,048 | +€33,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,899 | €25,048 | +€33,947 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.