MMH: 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.
MMH
Largest movements
- Receivables within one year +€221,625
up €221,625 (+3579.7%), from €6,191 to €227,816
of which Trade receivables: +€225,118
- Cash +€124,769
up €124,769 (+167.7%), from €74,396 to €199,165
mainly Net result for the year (+€141,752) and Trade debts (+€69,465)
- Stocks and contracts -€68,780
down €68,780 (-69.2%), from €99,464 to €30,684
- Tangible fixed assets +€15,115
up €15,115 (+329.5%), from €4,587 to €19,702
of which Plant, machinery and equipment: +€16,124
- Profit (loss) carried forward +€141,752
up €141,752, from -€10,405 to €131,346
- Trade debts +€69,465
up €69,465 (+38.4%), from €180,881 to €250,346
- Tax, wage and social debts +€52,986
new in 2024: €52,986
of which Taxes: +€47,586
- Other debts +€29,000
up €29,000 (+175.1%), from €16,564 to €45,564
- Gross operating margin +€222,203
up €222,203, from -€8,663 to €213,540
- Taxes +€37,157
new in 2024: €37,157
- Staff costs +€22,025
new in 2024: €22,025
- Financial charges +€7,071
up €7,071 (+1487.9%), from €475 to €7,546
- Depreciation +€3,016
up €3,016 (+237.5%), from €1,270 to €4,286
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 | €188,039 | €481,242 | +€293,203 | +155.9% |
| Fixed assets | 21/28 | €7,987 | €23,102 | +€15,115 | +189.2% |
| Tangible fixed assets | 22/27 | €4,587 | €19,702 | +€15,115 | +329.5% |
| Plant, machinery and equipment | 23 | - | €16,124 | +€16,124 | |
| Furniture and vehicles | 24 | €4,587 | €3,578 | -€1,009 | -22.0% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €180,052 | €458,140 | +€278,088 | +154.4% |
| Stocks and contracts in progress | 3 | €99,464 | €30,684 | -€68,780 | -69.2% |
| Stocks | 30/36 | €99,464 | €30,684 | -€68,780 | -69.2% |
| Amounts receivable within one year | 40/41 | €6,191 | €227,816 | +€221,625 | +3579.7% |
| Trade receivables | 40 | €2,198 | €227,316 | +€225,118 | +10242.6% |
| Other amounts receivable | 41 | €3,993 | €500 | -€3,493 | -87.5% |
| Cash at bank and in hand | 54/58 | €74,396 | €199,165 | +€124,769 | +167.7% |
| Deferred charges and accrued income | 490/1 | - | €474 | +€474 | |
| Total equity and liabilities | 10/49 | €188,039 | €481,242 | +€293,203 | +155.9% |
| Equity | 10/15 | -€9,405 | €132,346 | +€141,752 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,405 | €131,346 | +€141,752 | |
| Amounts payable | 17/49 | €197,445 | €348,895 | +€151,451 | +76.7% |
| Amounts payable within one year | 42/48 | €197,445 | €348,895 | +€151,451 | +76.7% |
| Trade debts | 44 | €180,881 | €250,346 | +€69,465 | +38.4% |
| Suppliers | 440/4 | €180,881 | €250,346 | +€69,465 | +38.4% |
| Taxes, remuneration and social security | 45 | - | €52,986 | +€52,986 | |
| Taxes | 450/3 | - | €47,586 | +€47,586 | |
| Remuneration and social security | 454/9 | - | €5,401 | +€5,401 | |
| Other amounts payable | 47/48 | €16,564 | €45,564 | +€29,000 | +175.1% |
| Remuneration, social security and pensions | 62 | - | €22,025 | +€22,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €4,286 | +€3,016 | +237.5% |
| Other operating charges | 640/8 | - | €1,006 | +€1,006 | |
| Gross operating margin | 9900 | -€8,663 | €213,540 | +€222,203 | |
| Operating profit (loss) | 9901 | -€9,933 | €186,224 | +€196,157 | |
| Financial income | 75/76B | €3 | €231 | +€229 | +8162.5% |
| Recurring financial income | 75 | €3 | €231 | +€229 | +8162.5% |
| Financial charges | 65/66B | €475 | €7,546 | +€7,071 | +1487.9% |
| Recurring financial charges | 65 | €475 | €7,546 | +€7,071 | +1487.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,405 | €178,909 | +€189,314 | |
| Income taxes | 67/77 | - | €37,157 | +€37,157 | |
| Profit (loss) for the period | 9904 | -€10,405 | €141,752 | +€152,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,405 | €141,752 | +€152,157 |
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 4 October 2026 via checked.be.