MHZ CONSULT: 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.
MHZ CONSULT
Largest movements
- Cash +€12,007
up €12,007 (+82.7%), from €14,513 to €26,519
mainly Depreciation (+€7,827) and Tax, wage and social debts (+€4,788)
- Tangible fixed assets -€7,358
down €7,358 (-30.0%), from €24,510 to €17,153
- Receivables within one year +€2,750
up €2,750 (+39.2%), from €7,012 to €9,762
of which Trade receivables: +€9,762
- Tax, wage and social debts +€4,788
up €4,788 (+96.9%), from €4,940 to €9,728
of which Remuneration and social security: +€4,306
- Profit (loss) carried forward +€2,620
up €2,620 (+6.9%), from €38,047 to €40,667
- Staff costs +€37,103
new in 2024: €37,103
- Gross operating margin +€9,191
up €9,191 (+21.4%), from €43,001 to €52,192
- Depreciation +€4,826
up €4,826 (+161%), from €3,001 to €7,827
- Other operating charges +€3,477
up €3,477 (+336%), from €1,033 to €4,510
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 | €46,035 | €53,434 | +€7,399 | +16.1% |
| Fixed assets | 21/28 | €24,510 | €17,153 | -€7,358 | -30.0% |
| Tangible fixed assets | 22/27 | €24,510 | €17,153 | -€7,358 | -30.0% |
| Furniture and vehicles | 24 | €24,510 | €17,153 | -€7,358 | -30.0% |
| Current assets | 29/58 | €21,525 | €36,281 | +€14,757 | +68.6% |
| Amounts receivable within one year | 40/41 | €7,012 | €9,762 | +€2,750 | +39.2% |
| Trade receivables | 40 | - | €9,762 | +€9,762 | |
| Other amounts receivable | 41 | €7,012 | - | -€7,012 | |
| Cash at bank and in hand | 54/58 | €14,513 | €26,519 | +€12,007 | +82.7% |
| Total equity and liabilities | 10/49 | €46,035 | €53,434 | +€7,399 | +16.1% |
| Equity | 10/15 | €39,547 | €42,167 | +€2,620 | +6.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,047 | €40,667 | +€2,620 | +6.9% |
| Amounts payable | 17/49 | €6,489 | €11,267 | +€4,779 | +73.6% |
| Amounts payable within one year | 42/48 | €6,489 | €11,267 | +€4,779 | +73.6% |
| Trade debts | 44 | €748 | €739 | -€10 | -1.3% |
| Suppliers | 440/4 | €748 | €739 | -€10 | -1.3% |
| Taxes, remuneration and social security | 45 | €4,940 | €9,728 | +€4,788 | +96.9% |
| Taxes | 450/3 | €4,940 | €5,422 | +€482 | +9.8% |
| Remuneration and social security | 454/9 | - | €4,306 | +€4,306 | |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €37,103 | +€37,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,001 | €7,827 | +€4,826 | +161% |
| Other operating charges | 640/8 | €1,033 | €4,510 | +€3,477 | +336% |
| Gross operating margin | 9900 | €43,001 | €52,192 | +€9,191 | +21.4% |
| Operating profit (loss) | 9901 | €38,967 | €2,751 | -€36,215 | -92.9% |
| Financial charges | 65/66B | €120 | €131 | +€11 | +9.2% |
| Recurring financial charges | 65 | €120 | €131 | +€11 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €38,847 | €2,620 | -€36,226 | -93.3% |
| Profit (loss) for the period | 9904 | €38,847 | €2,620 | -€36,226 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,847 | €2,620 | -€36,226 | -93.3% |
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 17 October 2026 via checked.be.