MMHA GROUP: 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.
MMHA GROUP
Largest movements
- Tangible fixed assets +€14,341
up €14,341 (+110%), from €13,041 to €27,382
of which Other tangible fixed assets: +€18,833
- Receivables within one year +€12,661
up €12,661 (+127%), from €9,948 to €22,609
of which Other amounts receivable: +€12,661
- Cash -€3,069
down €3,069 (-30.2%), from €10,152 to €7,083
mainly Investment in fixed assets (net) (-€23,541) and Receivables within one year (-€12,661)
- Profit (loss) carried forward +€9,170
up €9,170 (+44.8%), from €20,475 to €29,645
- Trade debts +€8,872
up €8,872 (+331%), from €2,679 to €11,551
- Tax, wage and social debts +€5,892
up €5,892 (+86.1%), from €6,840 to €12,732
of which Remuneration and social security: +€4,591
- Staff costs -€28,885
down €28,885 (-40.1%), from €72,008 to €43,123
- Gross operating margin -€15,953
down €15,953 (-19.6%), from €81,551 to €65,599
- Depreciation +€8,033
up €8,033 (+689%), from €1,167 to €9,199
- Other operating charges +€1,304
up €1,304 (+50.2%), from €2,597 to €3,901
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 | €34,030 | €57,964 | +€23,934 | +70.3% |
| Fixed assets | 21/28 | €13,041 | €27,382 | +€14,341 | +110% |
| Tangible fixed assets | 22/27 | €13,041 | €27,382 | +€14,341 | +110% |
| Furniture and vehicles | 24 | €13,041 | €8,549 | -€4,491 | -34.4% |
| Other tangible fixed assets | 26 | - | €18,833 | +€18,833 | |
| Current assets | 29/58 | €20,990 | €30,582 | +€9,592 | +45.7% |
| Stocks and contracts in progress | 3 | €890 | €890 | = | 0.0% |
| Stocks | 30/36 | €890 | €890 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,948 | €22,609 | +€12,661 | +127% |
| Trade receivables | 40 | €8,365 | €8,365 | = | 0.0% |
| Other amounts receivable | 41 | €1,583 | €14,245 | +€12,661 | +800% |
| Cash at bank and in hand | 54/58 | €10,152 | €7,083 | -€3,069 | -30.2% |
| Total equity and liabilities | 10/49 | €34,030 | €57,964 | +€23,934 | +70.3% |
| Equity | 10/15 | €24,511 | €33,681 | +€9,170 | +37.4% |
| Contributions | 10/11 | €4,036 | €4,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,475 | €29,645 | +€9,170 | +44.8% |
| Amounts payable | 17/49 | €9,520 | €24,283 | +€14,764 | +155% |
| Amounts payable within one year | 42/48 | €9,520 | €24,283 | +€14,764 | +155% |
| Trade debts | 44 | €2,679 | €11,551 | +€8,872 | +331% |
| Suppliers | 440/4 | €2,679 | €11,551 | +€8,872 | +331% |
| Taxes, remuneration and social security | 45 | €6,840 | €12,732 | +€5,892 | +86.1% |
| Taxes | 450/3 | €82 | €1,382 | +€1,300 | +1,589% |
| Remuneration and social security | 454/9 | €6,759 | €11,350 | +€4,591 | +67.9% |
| Remuneration, social security and pensions | 62 | €72,008 | €43,123 | -€28,885 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €9,199 | +€8,033 | +689% |
| Other operating charges | 640/8 | €2,597 | €3,901 | +€1,304 | +50.2% |
| Gross operating margin | 9900 | €81,551 | €65,599 | -€15,953 | -19.6% |
| Operating profit (loss) | 9901 | €5,780 | €9,375 | +€3,596 | +62.2% |
| Financial charges | 65/66B | €249 | €205 | -€43 | -17.5% |
| Recurring financial charges | 65 | €249 | €205 | -€43 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €5,531 | €9,170 | +€3,639 | +65.8% |
| Profit (loss) for the period | 9904 | €5,531 | €9,170 | +€3,639 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,531 | €9,170 | +€3,639 | +65.8% |
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 26 October 2026 via checked.be.