MH7 ENGINEERING: 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.
MH7 ENGINEERING
Largest movements
- Cash +€22,914
up €22,914 (+48.7%), from €47,042 to €69,955
mainly Net result for the year (+€29,587) and Depreciation (+€13,838)
- Tangible fixed assets -€9,396
down €9,396 (-16.9%), from €55,721 to €46,324
- Receivables within one year +€5,744
up €5,744 (+40.7%), from €14,125 to €19,869
of which Trade receivables: +€6,744
- Reserves +€29,587
up €29,587 (+76.4%), from €38,727 to €68,314
- Tax, wage and social debts -€8,180
down €8,180 (-68.6%), from €11,927 to €3,747
- Debts after one year -€7,521
down €7,521 (-39.9%), from €18,833 to €11,312
- Trade debts +€4,669
up €4,669 (+136.6%), from €3,417 to €8,086
- Gross operating margin -€7,549
down €7,549 (-12.5%), from €60,377 to €52,828
- Depreciation +€3,753
up €3,753 (+37.2%), from €10,086 to €13,838
- Taxes -€2,288
down €2,288 (-23.0%), from €9,941 to €7,654
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 | €123,572 | €142,979 | +€19,406 | +15.7% |
| Fixed assets | 21/28 | €55,721 | €46,324 | -€9,396 | -16.9% |
| Tangible fixed assets | 22/27 | €55,721 | €46,324 | -€9,396 | -16.9% |
| Furniture and vehicles | 24 | €55,721 | €46,324 | -€9,396 | -16.9% |
| Current assets | 29/58 | €67,852 | €96,654 | +€28,803 | +42.4% |
| Stocks and contracts in progress | 3 | €6,685 | €6,830 | +€145 | +2.2% |
| Stocks | 30/36 | €6,685 | €6,830 | +€145 | +2.2% |
| Amounts receivable within one year | 40/41 | €14,125 | €19,869 | +€5,744 | +40.7% |
| Trade receivables | 40 | €13,125 | €19,869 | +€6,744 | +51.4% |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €47,042 | €69,955 | +€22,914 | +48.7% |
| Total equity and liabilities | 10/49 | €123,572 | €142,979 | +€19,406 | +15.7% |
| Equity | 10/15 | €78,727 | €108,314 | +€29,587 | +37.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €38,727 | €68,314 | +€29,587 | +76.4% |
| Distributable reserves | 133 | €38,727 | €68,314 | +€29,587 | +76.4% |
| Amounts payable | 17/49 | €44,846 | €34,665 | -€10,181 | -22.7% |
| Amounts payable after more than one year | 17 | €18,833 | €11,312 | -€7,521 | -39.9% |
| Financial debts | 170/4 | €18,833 | €11,312 | -€7,521 | -39.9% |
| Amounts payable within one year | 42/48 | €24,012 | €21,353 | -€2,660 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €7,155 | €7,521 | +€366 | +5.1% |
| Trade debts | 44 | €3,417 | €8,086 | +€4,669 | +136.6% |
| Suppliers | 440/4 | €3,417 | €8,086 | +€4,669 | +136.6% |
| Taxes, remuneration and social security | 45 | €11,927 | €3,747 | -€8,180 | -68.6% |
| Taxes | 450/3 | €11,927 | €3,747 | -€8,180 | -68.6% |
| Other amounts payable | 47/48 | €1,512 | €1,998 | +€485 | +32.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,086 | €13,838 | +€3,753 | +37.2% |
| Other operating charges | 640/8 | €541 | €573 | +€32 | +6.0% |
| Gross operating margin | 9900 | €60,377 | €52,828 | -€7,549 | -12.5% |
| Operating profit (loss) | 9901 | €49,751 | €38,416 | -€11,335 | -22.8% |
| Financial income | 75/76B | €169 | €113 | -€57 | -33.5% |
| Recurring financial income | 75 | €169 | €113 | -€57 | -33.5% |
| Financial charges | 65/66B | €1,252 | €1,288 | +€36 | +2.9% |
| Recurring financial charges | 65 | €1,252 | €1,288 | +€36 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €48,668 | €37,241 | -€11,427 | -23.5% |
| Income taxes | 67/77 | €9,941 | €7,654 | -€2,288 | -23.0% |
| Profit (loss) for the period | 9904 | €38,727 | €29,587 | -€9,140 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,727 | €29,587 | -€9,140 | -23.6% |
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 30 September 2026 via checked.be.