MNH 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.
MNH GROUP
Largest movements
- Tangible fixed assets +€44,932
up €44,932 (+586%), from €7,665 to €52,597
of which Furniture and vehicles: +€41,230
- Receivables within one year +€34,028
up €34,028 (+45.9%), from €74,085 to €108,113
of which Trade receivables: +€32,913
- Cash -€26,520
down €26,520 (-86.0%), from €30,832 to €4,312
mainly Investment in fixed assets (net) (-€51,889) and Receivables within one year (-€34,028)
- Profit (loss) carried forward +€26,919
up €26,919 (+1,441%), from €1,868 to €28,787
- Debts after one year +€22,604
new in 2023: €22,604
- Current portion of long-term debt +€8,750
new in 2023: €8,750
- Trade debts -€6,583
down €6,583 (-13.9%), from €47,204 to €40,621
- Gross operating margin +€43,780
up €43,780 (+38.9%), from €112,436 to €156,216
- Staff costs +€34,530
up €34,530 (+39.9%), from €86,435 to €120,965
- Taxes -€6,232
no longer reported in 2023 (was €6,232)
- Depreciation +€5,505
up €5,505 (+379%), from €1,452 to €6,957
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,251 | €165,511 | +€52,260 | +46.1% |
| Fixed assets | 21/28 | €7,953 | €52,885 | +€44,932 | +565% |
| Tangible fixed assets | 22/27 | €7,665 | €52,597 | +€44,932 | +586% |
| Plant, machinery and equipment | 23 | - | €3,702 | +€3,702 | |
| Furniture and vehicles | 24 | €7,665 | €48,896 | +€41,230 | +538% |
| Financial fixed assets | 28 | €288 | €288 | = | 0.0% |
| Current assets | 29/58 | €105,297 | €112,626 | +€7,328 | +7.0% |
| Amounts receivable within one year | 40/41 | €74,085 | €108,113 | +€34,028 | +45.9% |
| Trade receivables | 40 | €68,607 | €101,520 | +€32,913 | +48.0% |
| Other amounts receivable | 41 | €5,479 | €6,593 | +€1,115 | +20.3% |
| Cash at bank and in hand | 54/58 | €30,832 | €4,312 | -€26,520 | -86.0% |
| Deferred charges and accrued income | 490/1 | €380 | €200 | -€180 | -47.3% |
| Total equity and liabilities | 10/49 | €113,251 | €165,511 | +€52,260 | +46.1% |
| Equity | 10/15 | €8,168 | €35,087 | +€26,919 | +330% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,868 | €28,787 | +€26,919 | +1,441% |
| Amounts payable | 17/49 | €105,082 | €130,424 | +€25,342 | +24.1% |
| Amounts payable after more than one year | 17 | - | €22,604 | +€22,604 | |
| Financial debts | 170/4 | - | €22,604 | +€22,604 | |
| Amounts payable within one year | 42/48 | €105,082 | €107,820 | +€2,738 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,750 | +€8,750 | |
| Trade debts | 44 | €47,204 | €40,621 | -€6,583 | -13.9% |
| Suppliers | 440/4 | €47,204 | €40,621 | -€6,583 | -13.9% |
| Taxes, remuneration and social security | 45 | €33,540 | €33,315 | -€225 | -0.7% |
| Taxes | 450/3 | €9,761 | €9,823 | +€62 | +0.6% |
| Remuneration and social security | 454/9 | €23,779 | €23,492 | -€287 | -1.2% |
| Other amounts payable | 47/48 | €24,339 | €25,133 | +€795 | +3.3% |
| Remuneration, social security and pensions | 62 | €86,435 | €120,965 | +€34,530 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €6,957 | +€5,505 | +379% |
| Other operating charges | 640/8 | €348 | €384 | +€37 | +10.6% |
| Gross operating margin | 9900 | €112,436 | €156,216 | +€43,780 | +38.9% |
| Operating profit (loss) | 9901 | €24,202 | €27,909 | +€3,708 | +15.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €108 | €991 | +€883 | +819% |
| Recurring financial charges | 65 | €108 | €991 | +€883 | +819% |
| Profit (loss) for the period before taxes | 9903 | €24,094 | €26,919 | +€2,824 | +11.7% |
| Income taxes | 67/77 | €6,232 | - | -€6,232 | |
| Profit (loss) for the period | 9904 | €17,863 | €26,919 | +€9,056 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,863 | €26,919 | +€9,056 | +50.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.