MHM TRADE: 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.
MHM TRADE
Largest movements
- Receivables within one year +€264,560
up €264,560 (+82.4%), from €321,158 to €585,718
of which Trade receivables: +€171,090
- Stocks and contracts -€36,092
down €36,092 (-29.3%), from €123,350 to €87,258
- Tangible fixed assets +€24,814
up €24,814 (+71.5%), from €34,694 to €59,508
- Cash +€10,943
up €10,943 (+617%), from €1,774 to €12,717
mainly Trade debts (+€148,326) and Net result for the year (+€54,685)
- Financial fixed assets -€8,708
down €8,708 (-56.2%), from €15,500 to €6,792
- Trade debts +€148,326
up €148,326 (+99.8%), from €148,639 to €296,965
- Profit (loss) carried forward +€54,685
up €54,685 (+94.9%), from €57,596 to €112,281
- Advances received +€48,200
up €48,200 (+29.4%), from €164,175 to €212,375
- Tax, wage and social debts +€24,842
up €24,842 (+81.4%), from €30,531 to €55,372
of which Taxes: +€19,894
- Other debts -€10,749
no longer reported in 2024 (was €10,749)
- Gross operating margin +€198,349
up €198,349 (+185%), from €107,202 to €305,551
- Staff costs +€165,101
up €165,101 (+244%), from €67,771 to €232,873
- Taxes -€9,952
no longer reported in 2024 (was €9,952)
- Depreciation +€7,478
up €7,478 (+217%), from €3,442 to €10,920
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 | €496,475 | €751,993 | +€255,518 | +51.5% |
| Fixed assets | 21/28 | €50,194 | €66,301 | +€16,107 | +32.1% |
| Tangible fixed assets | 22/27 | €34,694 | €59,508 | +€24,814 | +71.5% |
| Furniture and vehicles | 24 | €34,694 | €59,508 | +€24,814 | +71.5% |
| Financial fixed assets | 28 | €15,500 | €6,792 | -€8,708 | -56.2% |
| Current assets | 29/58 | €446,282 | €685,693 | +€239,411 | +53.6% |
| Stocks and contracts in progress | 3 | €123,350 | €87,258 | -€36,092 | -29.3% |
| Stocks | 30/36 | €123,350 | €87,258 | -€36,092 | -29.3% |
| Amounts receivable within one year | 40/41 | €321,158 | €585,718 | +€264,560 | +82.4% |
| Trade receivables | 40 | €318,664 | €489,753 | +€171,090 | +53.7% |
| Other amounts receivable | 41 | €2,494 | €95,964 | +€93,470 | +3,748% |
| Cash at bank and in hand | 54/58 | €1,774 | €12,717 | +€10,943 | +617% |
| Total equity and liabilities | 10/49 | €496,475 | €751,993 | +€255,518 | +51.5% |
| Equity | 10/15 | €132,596 | €187,281 | +€54,685 | +41.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,596 | €112,281 | +€54,685 | +94.9% |
| Amounts payable | 17/49 | €363,880 | €564,712 | +€200,832 | +55.2% |
| Amounts payable within one year | 42/48 | €363,880 | €564,712 | +€200,832 | +55.2% |
| Financial debts | 43 | €9,786 | - | -€9,786 | |
| Other loans | 439 | €9,786 | - | -€9,786 | |
| Trade debts | 44 | €148,639 | €296,965 | +€148,326 | +99.8% |
| Suppliers | 440/4 | €148,639 | €296,965 | +€148,326 | +99.8% |
| Advances received on contracts in progress | 46 | €164,175 | €212,375 | +€48,200 | +29.4% |
| Taxes, remuneration and social security | 45 | €30,531 | €55,372 | +€24,842 | +81.4% |
| Taxes | 450/3 | €13,667 | €33,561 | +€19,894 | +146% |
| Remuneration and social security | 454/9 | €16,863 | €21,811 | +€4,948 | +29.3% |
| Other amounts payable | 47/48 | €10,749 | - | -€10,749 | |
| Non-recurring operating income | 76A | €13,090 | - | -€13,090 | |
| Remuneration, social security and pensions | 62 | €67,771 | €232,873 | +€165,101 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,442 | €10,920 | +€7,478 | +217% |
| Other operating charges | 640/8 | €5,164 | €6,056 | +€891 | +17.3% |
| Gross operating margin | 9900 | €107,202 | €305,551 | +€198,349 | +185% |
| Operating profit (loss) | 9901 | €30,825 | €55,703 | +€24,878 | +80.7% |
| Financial income | 75/76B | €2,500 | - | -€2,500 | |
| Recurring financial income | 75 | €2,500 | - | -€2,500 | |
| Financial charges | 65/66B | €337 | €1,017 | +€680 | +202% |
| Recurring financial charges | 65 | €337 | €1,017 | +€680 | +202% |
| Profit (loss) for the period before taxes | 9903 | €32,988 | €54,685 | +€21,698 | +65.8% |
| Income taxes | 67/77 | €9,952 | - | -€9,952 | |
| Profit (loss) for the period | 9904 | €23,035 | €54,685 | +€31,650 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €23,035 | €54,685 | +€31,650 | +137% |
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 27 October 2026 via checked.be.