M.G. CONSTRUCTIONS: 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. CONSTRUCTIONS
Largest movements
- Tangible fixed assets +€99,239
up €99,239 (+12.0%), from €824,834 to €924,073
of which Land and buildings: +€98,514
- Cash +€22,795
up €22,795 (+204%), from €11,189 to €33,984
mainly Debts after one year (+€138,494) and Short-term financial debts (+€17,277)
- Debts after one year +€138,494
up €138,494 (+43.6%), from €317,358 to €455,852
- Profit (loss) carried forward -€35,310
down €35,310 (-56.3%), from €62,748 to €27,438
- Short-term financial debts +€17,277
new in 2025: €17,277
- Turnover -€34,020
down €34,020 (-78.7%), from €43,220 to €9,200
- Gross operating margin -€24,534
down €24,534, from €12,861 to -€11,673
- Purchases and services -€9,486
down €9,486 (-31.2%), from €30,359 to €20,873
- Financial charges +€3,763
up €3,763 (+27.6%), from €13,629 to €17,392
- Other operating charges +€2,824
up €2,824 (+95.9%), from €2,945 to €5,769
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 | €841,275 | €965,702 | +€124,427 | +14.8% |
| Fixed assets | 21/28 | €824,834 | €924,073 | +€99,239 | +12.0% |
| Tangible fixed assets | 22/27 | €824,834 | €924,073 | +€99,239 | +12.0% |
| Land and buildings | 22 | €824,682 | €923,196 | +€98,514 | +11.9% |
| Plant, machinery and equipment | 23 | €152 | €76 | -€76 | -50.0% |
| Furniture and vehicles | 24 | - | €801 | +€801 | |
| Current assets | 29/58 | €16,441 | €41,629 | +€25,188 | +153% |
| Amounts receivable within one year | 40/41 | €5,252 | €7,645 | +€2,393 | +45.6% |
| Trade receivables | 40 | €731 | €1,325 | +€594 | +81.3% |
| Other amounts receivable | 41 | €4,521 | €6,320 | +€1,799 | +39.8% |
| Cash at bank and in hand | 54/58 | €11,189 | €33,984 | +€22,795 | +204% |
| Total equity and liabilities | 10/49 | €841,275 | €965,702 | +€124,427 | +14.8% |
| Equity | 10/15 | €70,253 | €34,943 | -€35,310 | -50.3% |
| Contributions | 10/11 | €7,505 | €7,505 | = | 0.0% |
| Capital | 10 | €7,505 | €7,505 | = | 0.0% |
| Issued capital | 100 | €7,505 | €7,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,748 | €27,438 | -€35,310 | -56.3% |
| Amounts payable | 17/49 | €771,022 | €930,759 | +€159,737 | +20.7% |
| Amounts payable after more than one year | 17 | €317,358 | €455,852 | +€138,494 | +43.6% |
| Financial debts | 170/4 | €317,358 | €455,852 | +€138,494 | +43.6% |
| Amounts payable within one year | 42/48 | €453,664 | €474,907 | +€21,243 | +4.7% |
| Financial debts | 43 | - | €17,277 | +€17,277 | |
| Other loans | 439 | - | €17,277 | +€17,277 | |
| Trade debts | 44 | €5,063 | €3,177 | -€1,886 | -37.3% |
| Suppliers | 440/4 | €5,063 | €3,177 | -€1,886 | -37.3% |
| Other amounts payable | 47/48 | €448,601 | €454,453 | +€5,852 | +1.3% |
| Turnover | 70 | €43,220 | €9,200 | -€34,020 | -78.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,359 | €20,873 | -€9,486 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,073 | €476 | -€2,597 | -84.5% |
| Other operating charges | 640/8 | €2,945 | €5,769 | +€2,824 | +95.9% |
| Gross operating margin | 9900 | €12,861 | -€11,673 | -€24,534 | |
| Operating profit (loss) | 9901 | €6,843 | -€17,918 | -€24,761 | |
| Financial charges | 65/66B | €13,629 | €17,392 | +€3,763 | +27.6% |
| Recurring financial charges | 65 | €13,629 | €17,392 | +€3,763 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,786 | -€35,310 | -€28,524 | -420% |
| Profit (loss) for the period | 9904 | -€6,786 | -€35,310 | -€28,524 | -420% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,786 | -€35,310 | -€28,524 | -420% |
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 15 October 2026 via checked.be.