GROUP MG CONSTRUCT: 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.
GROUP MG CONSTRUCT
Largest movements
- Receivables within one year -€28,687
down €28,687 (-64.1%), from €44,745 to €16,058
of which Trade receivables: -€29,010
- Cash +€20,858
up €20,858 (+447.3%), from €4,663 to €25,521
mainly Receivables within one year (+€28,687) and Investment in fixed assets (net) (+€6,906)
- Tangible fixed assets -€6,906
down €6,906 (-100.0%), from €6,906 to €0
- Current portion of long-term debt -€6,620
down €6,620 (-100.0%), from €6,620 to €0
- Profit (loss) carried forward -€4,197
down €4,197 (-16.8%), from €25,047 to €20,850
- Tax, wage and social debts -€2,991
no longer reported in 2024 (was €2,991)
of which Remuneration and social security: -€2,730
- Trade debts -€928
down €928 (-40.8%), from €2,274 to €1,347
- Gross operating margin -€12,523
down €12,523, from €7,227 to -€5,295
- Depreciation -€5,620
no longer reported in 2024 (was €5,620)
- Financial income +€2,094
new in 2024: €2,094
of which Financial income: +€2,094
- Other operating charges -€644
down €644 (-88.3%), from €729 to €85
- Taxes -€339
down €339 (-95.1%), from €357 to €18
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 | €56,404 | €41,669 | -€14,735 | -26.1% |
| Fixed assets | 21/28 | €6,996 | €90 | -€6,906 | -98.7% |
| Tangible fixed assets | 22/27 | €6,906 | €0 | -€6,906 | -100.0% |
| Furniture and vehicles | 24 | €6,906 | €0 | -€6,906 | -100.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €49,408 | €41,579 | -€7,829 | -15.8% |
| Amounts receivable within one year | 40/41 | €44,745 | €16,058 | -€28,687 | -64.1% |
| Trade receivables | 40 | €43,900 | €14,890 | -€29,010 | -66.1% |
| Other amounts receivable | 41 | €845 | €1,168 | +€323 | +38.2% |
| Cash at bank and in hand | 54/58 | €4,663 | €25,521 | +€20,858 | +447.3% |
| Total equity and liabilities | 10/49 | €56,404 | €41,669 | -€14,735 | -26.1% |
| Equity | 10/15 | €44,519 | €40,322 | -€4,197 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €872 | €872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €872 | €872 | = | 0.0% |
| Legal reserve | 130 | €872 | €872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,047 | €20,850 | -€4,197 | -16.8% |
| Amounts payable | 17/49 | €11,885 | €1,347 | -€10,538 | -88.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €11,885 | €1,347 | -€10,538 | -88.7% |
| Current portion of amounts payable after more than one year | 42 | €6,620 | €0 | -€6,620 | -100.0% |
| Trade debts | 44 | €2,274 | €1,347 | -€928 | -40.8% |
| Suppliers | 440/4 | €2,274 | €1,347 | -€928 | -40.8% |
| Taxes, remuneration and social security | 45 | €2,991 | - | -€2,991 | |
| Taxes | 450/3 | €261 | - | -€261 | |
| Remuneration and social security | 454/9 | €2,730 | - | -€2,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,620 | - | -€5,620 | |
| Other operating charges | 640/8 | €729 | €85 | -€644 | -88.3% |
| Gross operating margin | 9900 | €7,227 | -€5,295 | -€12,523 | |
| Operating profit (loss) | 9901 | €878 | -€5,380 | -€6,259 | |
| Financial income | 75/76B | - | €2,094 | +€2,094 | |
| Recurring financial income | 75 | - | €2,094 | +€2,094 | |
| Non-recurring financial income | 76B | - | €2,094 | +€2,094 | |
| Financial charges | 65/66B | €751 | €893 | +€142 | +18.9% |
| Recurring financial charges | 65 | €751 | €893 | +€142 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €127 | -€4,179 | -€4,307 | |
| Income taxes | 67/77 | €357 | €18 | -€339 | -95.1% |
| Profit (loss) for the period | 9904 | -€230 | -€4,197 | -€3,967 | -1726.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€230 | -€4,197 | -€3,967 | -1726.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.