MHAO: 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.
MHAO
Largest movements
- Deferred charges and accrued income +€2,845
new in 2024: €2,845
- Profit (loss) carried forward +€35,766
up €35,766 (+28.0%), from -€127,964 to -€92,198
- Current portion of long-term debt -€32,921
no longer reported in 2024 (was €32,921)
- Depreciation -€34,000
no longer reported in 2024 (was €34,000)
- Gross operating margin -€28,803
no longer reported in 2024 (was €28,803)
- Financial charges +€4,165
up €4,165 (+1771.3%), from €235 to €4,400
- Other operating charges -€1,627
no longer reported in 2024 (was €1,627)
From the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,880 | €283,725 | +€2,845 | +1.0% |
| Fixed assets | 21/28 | €14,066 | €14,066 | +€0 | 0.0% |
| Tangible fixed assets | 22/27 | €14,066 | €14,066 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €14,066 | €14,066 | +€0 | 0.0% |
| Current assets | 29/58 | €266,814 | €269,659 | +€2,845 | +1.1% |
| Stocks and contracts in progress | 3 | €250,206 | €250,206 | +€0 | 0.0% |
| Stocks | 30/36 | €250,206 | €250,206 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €51 | €50 | -€1 | -1.6% |
| Other amounts receivable | 41 | €51 | €50 | -€1 | -1.6% |
| Cash at bank and in hand | 54/58 | €16,558 | €16,558 | +€0 | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €2,845 | +€2,845 | |
| Total equity and liabilities | 10/49 | €280,880 | €283,725 | +€2,845 | +1.0% |
| Equity | 10/15 | -€115,564 | -€79,798 | +€35,766 | +30.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€127,964 | -€92,198 | +€35,766 | +28.0% |
| Amounts payable | 17/49 | €396,444 | €363,523 | -€32,921 | -8.3% |
| Amounts payable after more than one year | 17 | €168,019 | €168,019 | -€0 | 0.0% |
| Financial debts | 170/4 | €168,019 | €168,019 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €228,425 | €195,504 | -€32,921 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €32,921 | - | -€32,921 | |
| Trade debts | 44 | €2,524 | €2,524 | -€0 | 0.0% |
| Suppliers | 440/4 | €2,524 | €2,524 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €192,980 | €192,980 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,000 | - | -€34,000 | |
| Other operating charges | 640/8 | €1,627 | - | -€1,627 | |
| Gross operating margin | 9900 | €28,803 | - | -€28,803 | |
| Operating profit (loss) | 9901 | -€6,823 | - | +€6,823 | |
| Financial charges | 65/66B | €235 | €4,400 | +€4,165 | +1771.3% |
| Recurring financial charges | 65 | €235 | €4,400 | +€4,165 | +1771.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,058 | -€4,400 | +€2,658 | +37.7% |
| Profit (loss) for the period | 9904 | -€7,058 | -€4,400 | +€2,658 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,058 | -€4,400 | +€2,658 | +37.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.