MHS GROUP: 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.
MHS GROUP
Largest movements
- Cash +€9,527
up €9,527 (+135.0%), from €7,055 to €16,582
mainly Net result for the year (+€12,370) and Depreciation (+€5,150)
- Tangible fixed assets -€5,150
down €5,150 (-57.2%), from €8,998 to €3,848
- Receivables within one year +€2,629
up €2,629 (+72.4%), from €3,633 to €6,263
of which Trade receivables: +€5,172
- Profit (loss) carried forward +€12,370
up €12,370, from -€4,829 to €7,541
- Other debts -€2,179
down €2,179 (-14.0%), from €15,570 to €13,390
- Tax, wage and social debts -€1,603
down €1,603 (-70.9%), from €2,263 to €659
of which Remuneration and social security: -€2,100
- Trade debts -€1,581
down €1,581 (-94.0%), from €1,683 to €102
- Turnover -€110,318
no longer reported in 2024 (was €110,318)
- Purchases and services -€85,977
no longer reported in 2024 (was €85,977)
- Gross operating margin +€11,754
up €11,754 (+48.3%), from €24,341 to €36,095
- Financial charges +€3,674
up €3,674 (+98.9%), from €3,713 to €7,387
of which Non-recurring financial charges: +€3,786
- Other operating charges +€2,800
up €2,800 (+33.3%), from €8,401 to €11,201
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 | €33,686 | €40,692 | +€7,006 | +20.8% |
| Fixed assets | 21/28 | €22,998 | €17,848 | -€5,150 | -22.4% |
| Tangible fixed assets | 22/27 | €8,998 | €3,848 | -€5,150 | -57.2% |
| Furniture and vehicles | 24 | €8,998 | €3,848 | -€5,150 | -57.2% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €10,688 | €22,844 | +€12,156 | +113.7% |
| Amounts receivable within one year | 40/41 | €3,633 | €6,263 | +€2,629 | +72.4% |
| Trade receivables | 40 | €376 | €5,548 | +€5,172 | +1377.4% |
| Other amounts receivable | 41 | €3,258 | €715 | -€2,543 | -78.1% |
| Cash at bank and in hand | 54/58 | €7,055 | €16,582 | +€9,527 | +135.0% |
| Total equity and liabilities | 10/49 | €33,686 | €40,692 | +€7,006 | +20.8% |
| Equity | 10/15 | €14,171 | €26,541 | +€12,370 | +87.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Outside capital | 11 | €19,000 | - | -€19,000 | |
| Share premium | 1100/10 | €19,000 | - | -€19,000 | |
| Profit (loss) carried forward | 14 | -€4,829 | €7,541 | +€12,370 | |
| Amounts payable | 17/49 | €19,515 | €14,151 | -€5,364 | -27.5% |
| Amounts payable within one year | 42/48 | €19,515 | €14,151 | -€5,364 | -27.5% |
| Trade debts | 44 | €1,683 | €102 | -€1,581 | -94.0% |
| Suppliers | 440/4 | €1,683 | €102 | -€1,581 | -94.0% |
| Taxes, remuneration and social security | 45 | €2,263 | €659 | -€1,603 | -70.9% |
| Taxes | 450/3 | €13 | €509 | +€497 | +3940.7% |
| Remuneration and social security | 454/9 | €2,250 | €150 | -€2,100 | -93.3% |
| Other amounts payable | 47/48 | €15,570 | €13,390 | -€2,179 | -14.0% |
| Turnover | 70 | €110,318 | - | -€110,318 | |
| Goods, raw materials, services and sundry goods | 60/61 | €85,977 | - | -€85,977 | |
| Remuneration, social security and pensions | 62 | €1,960 | - | -€1,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,650 | €5,150 | -€2,500 | -32.7% |
| Other operating charges | 640/8 | €8,401 | €11,201 | +€2,800 | +33.3% |
| Gross operating margin | 9900 | €24,341 | €36,095 | +€11,754 | +48.3% |
| Operating profit (loss) | 9901 | €6,330 | €19,744 | +€13,414 | +211.9% |
| Financial income | 75/76B | €37 | €13 | -€24 | -66.1% |
| Recurring financial income | 75 | €37 | €13 | -€24 | -66.1% |
| Non-recurring financial income | 76B | €37 | €13 | -€24 | -66.1% |
| Financial charges | 65/66B | €3,713 | €7,387 | +€3,674 | +98.9% |
| Recurring financial charges | 65 | €2,455 | €2,342 | -€113 | -4.6% |
| Non-recurring financial charges | 66B | €1,258 | €5,045 | +€3,786 | +300.9% |
| Profit (loss) for the period before taxes | 9903 | €2,654 | €12,370 | +€9,716 | +366.1% |
| Profit (loss) for the period | 9904 | €2,654 | €12,370 | +€9,716 | +366.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,654 | €12,370 | +€9,716 | +366.1% |
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 8 October 2026 via checked.be.