CABINET MGU: 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.
CABINET MGU
Largest movements
- Receivables within one year +€41,282
up €41,282 (+424%), from €9,727 to €51,008
- Tangible fixed assets +€29,208
new in 2025: €29,208
- Receivables after one year +€27,500
up €27,500 (+91.7%), from €30,000 to €57,500
- Cash +€4,780
up €4,780 (+26.9%), from €17,770 to €22,551
mainly Net result for the year (+€77,921) and Trade debts (+€22,066)
- Reserves +€77,921
up €77,921 (+168%), from €46,430 to €124,351
- Trade debts +€22,066
up €22,066 (+15,245%), from €145 to €22,210
- Tax, wage and social debts +€2,232
up €2,232 (+26.4%), from €8,469 to €10,700
- Gross operating margin +€41,694
up €41,694 (+60.6%), from €68,857 to €110,552
- Taxes +€12,479
up €12,479 (+66.3%), from €18,833 to €31,312
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,778 | €160,548 | +€102,770 | +178% |
| Fixed assets | 21/28 | - | €29,208 | +€29,208 | |
| Tangible fixed assets | 22/27 | - | €29,208 | +€29,208 | |
| Other tangible fixed assets | 26 | - | €29,208 | +€29,208 | |
| Current assets | 29/58 | €57,778 | €131,341 | +€73,562 | +127% |
| Amounts receivable after more than one year | 29 | €30,000 | €57,500 | +€27,500 | +91.7% |
| Other amounts receivable | 291 | €30,000 | €57,500 | +€27,500 | +91.7% |
| Amounts receivable within one year | 40/41 | €9,727 | €51,008 | +€41,282 | +424% |
| Trade receivables | 40 | €9,727 | €51,008 | +€41,282 | +424% |
| Cash at bank and in hand | 54/58 | €17,770 | €22,551 | +€4,780 | +26.9% |
| Deferred charges and accrued income | 490/1 | €281 | €282 | +€0 | +0.1% |
| Total equity and liabilities | 10/49 | €57,778 | €160,548 | +€102,770 | +178% |
| Equity | 10/15 | €47,930 | €125,851 | +€77,921 | +163% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €46,430 | €124,351 | +€77,921 | +168% |
| Distributable reserves | 133 | €46,430 | €124,351 | +€77,921 | +168% |
| Amounts payable | 17/49 | €9,848 | €34,697 | +€24,849 | +252% |
| Amounts payable within one year | 42/48 | €9,848 | €34,697 | +€24,849 | +252% |
| Trade debts | 44 | €145 | €22,210 | +€22,066 | +15,245% |
| Suppliers | 440/4 | €145 | €22,210 | +€22,066 | +15,245% |
| Taxes, remuneration and social security | 45 | €8,469 | €10,700 | +€2,232 | +26.4% |
| Taxes | 450/3 | €8,469 | €10,700 | +€2,232 | +26.4% |
| Other amounts payable | 47/48 | €1,235 | €1,786 | +€552 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €915 | +€915 | |
| Other operating charges | 640/8 | €92 | €287 | +€195 | +213% |
| Gross operating margin | 9900 | €68,857 | €110,552 | +€41,694 | +60.6% |
| Operating profit (loss) | 9901 | €68,765 | €109,349 | +€40,584 | +59.0% |
| Financial charges | 65/66B | €26 | €116 | +€91 | +350% |
| Recurring financial charges | 65 | €26 | €116 | +€91 | +350% |
| Profit (loss) for the period before taxes | 9903 | €68,740 | €109,233 | +€40,493 | +58.9% |
| Income taxes | 67/77 | €18,833 | €31,312 | +€12,479 | +66.3% |
| Profit (loss) for the period | 9904 | €49,907 | €77,921 | +€28,014 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,907 | €77,921 | +€28,014 | +56.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.