MHO DESIGN: 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.
MHO DESIGN
Largest movements
- Cash -€8,639
down €8,639 (-33.4%), from €25,867 to €17,228
mainly Debts after one year (-€14,700) and Trade debts (-€9,134)
- Receivables within one year -€7,094
down €7,094 (-51.2%), from €13,850 to €6,756
of which Trade receivables: -€10,155
- Tangible fixed assets -€5,389
down €5,389 (-23.6%), from €22,789 to €17,400
- Debts after one year -€14,700
down €14,700 (-44.1%), from €33,350 to €18,650
- Trade debts -€9,134
down €9,134 (-52.5%), from €17,402 to €8,268
- Other debts +€3,702
up €3,702 (+279%), from €1,328 to €5,029
- Advances received -€2,381
down €2,381 (-82.6%), from €2,881 to €501
- Profit (loss) carried forward +€1,591
up €1,591 (+99.0%), from -€1,607 to -€16
- Staff costs -€10,898
down €10,898 (-61.2%), from €17,793 to €6,895
- Write-downs +€7,522
new in 2024: €7,522
- Depreciation +€2,997
up €2,997 (+125%), from €2,392 to €5,389
- Taxes +€2,004
up €2,004 (+163%), from €1,227 to €3,231
- Gross operating margin -€1,673
down €1,673 (-6.0%), from €28,085 to €26,412
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 | €76,030 | €54,345 | -€21,685 | -28.5% |
| Fixed assets | 21/28 | €23,046 | €17,657 | -€5,389 | -23.4% |
| Tangible fixed assets | 22/27 | €22,789 | €17,400 | -€5,389 | -23.6% |
| Furniture and vehicles | 24 | €22,789 | €17,400 | -€5,389 | -23.6% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €52,984 | €36,688 | -€16,296 | -30.8% |
| Stocks and contracts in progress | 3 | €11,846 | €11,432 | -€414 | -3.5% |
| Stocks | 30/36 | €11,846 | €11,432 | -€414 | -3.5% |
| Amounts receivable within one year | 40/41 | €13,850 | €6,756 | -€7,094 | -51.2% |
| Trade receivables | 40 | €11,569 | €1,414 | -€10,155 | -87.8% |
| Other amounts receivable | 41 | €2,281 | €5,342 | +€3,061 | +134% |
| Cash at bank and in hand | 54/58 | €25,867 | €17,228 | -€8,639 | -33.4% |
| Deferred charges and accrued income | 490/1 | €1,420 | €1,272 | -€148 | -10.4% |
| Total equity and liabilities | 10/49 | €76,030 | €54,345 | -€21,685 | -28.5% |
| Equity | 10/15 | €10,926 | €12,517 | +€1,591 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €133 | €133 | = | 0.0% |
| Distributable reserves | 133 | €133 | €133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,607 | -€16 | +€1,591 | +99.0% |
| Amounts payable | 17/49 | €65,104 | €41,828 | -€23,276 | -35.8% |
| Amounts payable after more than one year | 17 | €33,350 | €18,650 | -€14,700 | -44.1% |
| Financial debts | 170/4 | €33,350 | €18,650 | -€14,700 | -44.1% |
| Amounts payable within one year | 42/48 | €31,754 | €23,178 | -€8,576 | -27.0% |
| Trade debts | 44 | €17,402 | €8,268 | -€9,134 | -52.5% |
| Suppliers | 440/4 | €17,402 | €8,268 | -€9,134 | -52.5% |
| Advances received on contracts in progress | 46 | €2,881 | €501 | -€2,381 | -82.6% |
| Taxes, remuneration and social security | 45 | €10,144 | €9,381 | -€763 | -7.5% |
| Taxes | 450/3 | €6,348 | €9,381 | +€3,032 | +47.8% |
| Remuneration and social security | 454/9 | €3,796 | - | -€3,796 | |
| Other amounts payable | 47/48 | €1,328 | €5,029 | +€3,702 | +279% |
| Non-recurring operating income | 76A | €1,107 | - | -€1,107 | |
| Remuneration, social security and pensions | 62 | €17,793 | €6,895 | -€10,898 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,392 | €5,389 | +€2,997 | +125% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,522 | +€7,522 | |
| Other operating charges | 640/8 | €2,051 | €1,643 | -€408 | -19.9% |
| Non-recurring operating charges | 66A | €4,009 | - | -€4,009 | |
| Gross operating margin | 9900 | €28,085 | €26,412 | -€1,673 | -6.0% |
| Operating profit (loss) | 9901 | €1,840 | €4,963 | +€3,123 | +170% |
| Financial income | 75/76B | €238 | €0 | -€238 | -99.8% |
| Recurring financial income | 75 | €238 | €0 | -€238 | -99.8% |
| Financial charges | 65/66B | €96 | €142 | +€46 | +47.7% |
| Recurring financial charges | 65 | €96 | €142 | +€46 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €1,982 | €4,822 | +€2,840 | +143% |
| Income taxes | 67/77 | €1,227 | €3,231 | +€2,004 | +163% |
| Profit (loss) for the period | 9904 | €755 | €1,591 | +€836 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €755 | €1,591 | +€836 | +111% |
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 31 October 2026 via checked.be.