M&G: 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.
M&G
Largest movements
- Cash +€725
up €725 (+94.7%), from €766 to €1,490
mainly Other debts (+€3,697) and Receivables within one year (+€183)
- Receivables within one year -€183
no longer reported in 2025 (was €183)
- Other debts +€3,697
up €3,697 (+284%), from €1,300 to €4,997
- Profit (loss) carried forward -€3,155
down €3,155 (-225%), from -€1,402 to -€4,557
- Gross operating margin -€1,742
down €1,742 (-127%), from -€1,368 to -€3,110
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 | €1,898 | €2,440 | +€542 | +28.6% |
| Fixed assets | 21/28 | €950 | €950 | = | 0.0% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €948 | €1,490 | +€542 | +57.2% |
| Amounts receivable within one year | 40/41 | €183 | - | -€183 | |
| Other amounts receivable | 41 | €183 | - | -€183 | |
| Cash at bank and in hand | 54/58 | €766 | €1,490 | +€725 | +94.7% |
| Total equity and liabilities | 10/49 | €1,898 | €2,440 | +€542 | +28.6% |
| Equity | 10/15 | €598 | -€2,557 | -€3,155 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,402 | -€4,557 | -€3,155 | -225% |
| Amounts payable | 17/49 | €1,300 | €4,997 | +€3,697 | +284% |
| Amounts payable within one year | 42/48 | €1,300 | €4,997 | +€3,697 | +284% |
| Other amounts payable | 47/48 | €1,300 | €4,997 | +€3,697 | +284% |
| Gross operating margin | 9900 | -€1,368 | -€3,110 | -€1,742 | -127% |
| Operating profit (loss) | 9901 | -€1,368 | -€3,110 | -€1,742 | -127% |
| Financial charges | 65/66B | €34 | €45 | +€11 | +33.3% |
| Recurring financial charges | 65 | €34 | €45 | +€11 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,402 | -€3,155 | -€1,753 | -125% |
| Profit (loss) for the period | 9904 | -€1,402 | -€3,155 | -€1,753 | -125% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,402 | -€3,155 | -€1,753 | -125% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.