MHA Construct: 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.
MHA Construct
Largest movements
- Receivables within one year +€348,279
up €348,279 (+338%), from €103,097 to €451,376
of which Trade receivables: +€344,478
- Cash +€128,028
up €128,028 (+511%), from €25,038 to €153,066
mainly Trade debts (+€239,654) and Accrued charges and deferred income (+€203,632)
- Trade debts +€239,654
up €239,654 (+1,520%), from €15,770 to €255,424
- Accrued charges and deferred income +€203,632
up €203,632 (+754%), from €27,000 to €230,632
- Reserves +€64,000
up €64,000 (+492%), from €13,000 to €77,000
- Advances received -€50,000
down €50,000 (-96.2%), from €52,000 to €2,000
- Tax, wage and social debts +€27,381
up €27,381 (+240%), from €11,410 to €38,791
of which Taxes: +€29,435
- Gross operating margin +€104,510
up €104,510 (+62.2%), from €168,153 to €272,662
- Staff costs +€35,203
up €35,203 (+25.5%), from €138,068 to €173,272
- Taxes +€26,263
up €26,263 (+803%), from €3,271 to €29,534
- Depreciation -€3,475
down €3,475 (-83.3%), from €4,171 to €696
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 | €133,805 | €610,122 | +€476,317 | +356% |
| Fixed assets | 21/28 | €542 | €3,021 | +€2,480 | +458% |
| Tangible fixed assets | 22/27 | €542 | €3,021 | +€2,480 | +458% |
| Plant, machinery and equipment | 23 | - | €2,730 | +€2,730 | |
| Furniture and vehicles | 24 | €542 | €292 | -€250 | -46.2% |
| Current assets | 29/58 | €133,264 | €607,101 | +€473,838 | +356% |
| Amounts receivable within one year | 40/41 | €103,097 | €451,376 | +€348,279 | +338% |
| Trade receivables | 40 | €92,788 | €437,265 | +€344,478 | +371% |
| Other amounts receivable | 41 | €10,310 | €14,111 | +€3,801 | +36.9% |
| Cash at bank and in hand | 54/58 | €25,038 | €153,066 | +€128,028 | +511% |
| Deferred charges and accrued income | 490/1 | €5,129 | €2,659 | -€2,470 | -48.2% |
| Total equity and liabilities | 10/49 | €133,805 | €610,122 | +€476,317 | +356% |
| Equity | 10/15 | €13,642 | €78,173 | +€64,530 | +473% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €77,000 | +€64,000 | +492% |
| Distributable reserves | 133 | €13,000 | €77,000 | +€64,000 | +492% |
| Profit (loss) carried forward | 14 | -€2,358 | -€1,827 | +€530 | +22.5% |
| Amounts payable | 17/49 | €120,163 | €531,950 | +€411,787 | +343% |
| Amounts payable within one year | 42/48 | €93,163 | €301,318 | +€208,155 | +223% |
| Trade debts | 44 | €15,770 | €255,424 | +€239,654 | +1,520% |
| Suppliers | 440/4 | €15,770 | €255,424 | +€239,654 | +1,520% |
| Advances received on contracts in progress | 46 | €52,000 | €2,000 | -€50,000 | -96.2% |
| Taxes, remuneration and social security | 45 | €11,410 | €38,791 | +€27,381 | +240% |
| Taxes | 450/3 | €3,271 | €32,706 | +€29,435 | +900% |
| Remuneration and social security | 454/9 | €8,139 | €6,085 | -€2,054 | -25.2% |
| Other amounts payable | 47/48 | €13,982 | €5,103 | -€8,879 | -63.5% |
| Accrued charges and deferred income | 492/3 | €27,000 | €230,632 | +€203,632 | +754% |
| Remuneration, social security and pensions | 62 | €138,068 | €173,272 | +€35,203 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,171 | €696 | -€3,475 | -83.3% |
| Other operating charges | 640/8 | €1,358 | €2,733 | +€1,375 | +101% |
| Gross operating margin | 9900 | €168,153 | €272,662 | +€104,510 | +62.2% |
| Operating profit (loss) | 9901 | €24,555 | €95,961 | +€71,406 | +291% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,438 | €1,897 | -€542 | -22.2% |
| Recurring financial charges | 65 | €2,438 | €1,897 | -€542 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €22,117 | €94,065 | +€71,947 | +325% |
| Income taxes | 67/77 | €3,271 | €29,534 | +€26,263 | +803% |
| Profit (loss) for the period | 9904 | €18,846 | €64,530 | +€45,685 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €18,846 | €64,530 | +€45,685 | +242% |
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 16 October 2026 via checked.be.