MHM SERVICES: 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.
MHM SERVICES
Largest movements
- Receivables within one year +€10,355
up €10,355 (+13.9%), from €74,738 to €85,093
of which Trade receivables: +€13,578
- Cash +€9,917
up €9,917 (+383.4%), from €2,587 to €12,503
mainly Tax, wage and social debts (+€21,207) and Depreciation (+€9,511)
- Tangible fixed assets +€6,514
up €6,514 (+45.4%), from €14,355 to €20,868
of which Furniture and vehicles: +€6,930
- Tax, wage and social debts +€21,207
up €21,207 (+382.7%), from €5,542 to €26,748
of which Remuneration and social security: +€19,318
- Trade debts +€7,046
up €7,046 (+30.9%), from €22,773 to €29,818
- Profit (loss) carried forward +€4,418
up €4,418 (+14.7%), from €30,054 to €34,472
- Debts after one year -€3,465
down €3,465 (-40.9%), from €8,479 to €5,014
- Other debts -€2,000
down €2,000 (-20.6%), from €9,718 to €7,718
- Gross operating margin +€9,859
up €9,859 (+67.1%), from €14,692 to €24,551
- Staff costs +€5,304
up €5,304 (+722.2%), from €735 to €6,039
- Depreciation +€5,056
up €5,056 (+113.5%), from €4,455 to €9,511
- Taxes +€3,125
new in 2024: €3,125
- Other operating charges -€1,067
down €1,067 (-50.4%), from €2,119 to €1,052
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 | €92,575 | €119,780 | +€27,205 | +29.4% |
| Fixed assets | 21/28 | €14,675 | €21,188 | +€6,514 | +44.4% |
| Tangible fixed assets | 22/27 | €14,355 | €20,868 | +€6,514 | +45.4% |
| Plant, machinery and equipment | 23 | €555 | €139 | -€417 | -75.0% |
| Furniture and vehicles | 24 | €13,799 | €20,730 | +€6,930 | +50.2% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €77,900 | €98,592 | +€20,692 | +26.6% |
| Amounts receivable within one year | 40/41 | €74,738 | €85,093 | +€10,355 | +13.9% |
| Trade receivables | 40 | €65,448 | €79,026 | +€13,578 | +20.7% |
| Other amounts receivable | 41 | €9,290 | €6,066 | -€3,223 | -34.7% |
| Cash at bank and in hand | 54/58 | €2,587 | €12,503 | +€9,917 | +383.4% |
| Deferred charges and accrued income | 490/1 | €575 | €996 | +€420 | +73.1% |
| Total equity and liabilities | 10/49 | €92,575 | €119,780 | +€27,205 | +29.4% |
| Equity | 10/15 | €42,284 | €46,702 | +€4,418 | +10.4% |
| Contributions | 10/11 | €11,500 | €11,500 | = | 0.0% |
| Outside capital | 11 | €11,500 | €11,500 | = | 0.0% |
| Other | 1109/19 | €11,500 | €11,500 | = | 0.0% |
| Reserves | 13 | €730 | €730 | = | 0.0% |
| Non-distributable reserves | 130/1 | €730 | €730 | = | 0.0% |
| Reserves not available under the articles | 1311 | €730 | €730 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,054 | €34,472 | +€4,418 | +14.7% |
| Amounts payable | 17/49 | €50,290 | €73,078 | +€22,788 | +45.3% |
| Amounts payable after more than one year | 17 | €8,479 | €5,014 | -€3,465 | -40.9% |
| Financial debts | 170/4 | €8,479 | €5,014 | -€3,465 | -40.9% |
| Amounts payable within one year | 42/48 | €41,812 | €68,064 | +€26,253 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €3,780 | €3,780 | = | 0.0% |
| Trade debts | 44 | €22,773 | €29,818 | +€7,046 | +30.9% |
| Suppliers | 440/4 | €22,773 | €29,818 | +€7,046 | +30.9% |
| Taxes, remuneration and social security | 45 | €5,542 | €26,748 | +€21,207 | +382.7% |
| Taxes | 450/3 | €474 | €2,363 | +€1,888 | +398.3% |
| Remuneration and social security | 454/9 | €5,067 | €24,386 | +€19,318 | +381.2% |
| Other amounts payable | 47/48 | €9,718 | €7,718 | -€2,000 | -20.6% |
| Remuneration, social security and pensions | 62 | €735 | €6,039 | +€5,304 | +722.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,455 | €9,511 | +€5,056 | +113.5% |
| Other operating charges | 640/8 | €2,119 | €1,052 | -€1,067 | -50.4% |
| Gross operating margin | 9900 | €14,692 | €24,551 | +€9,859 | +67.1% |
| Operating profit (loss) | 9901 | €7,383 | €7,949 | +€566 | +7.7% |
| Financial income | 75/76B | €799 | €0 | -€799 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.6% |
| Non-recurring financial income | 76B | €794 | - | -€794 | |
| Financial charges | 65/66B | €152 | €407 | +€254 | +166.8% |
| Recurring financial charges | 65 | €152 | €407 | +€254 | +166.8% |
| Profit (loss) for the period before taxes | 9903 | €8,030 | €7,543 | -€487 | -6.1% |
| Income taxes | 67/77 | - | €3,125 | +€3,125 | |
| Profit (loss) for the period | 9904 | €8,030 | €4,418 | -€3,612 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,030 | €4,418 | -€3,612 | -45.0% |
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.