M.G. DESIGN: 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. DESIGN
Largest movements
- Receivables within one year +€47,824
up €47,824 (+751%), from €6,367 to €54,191
of which Other amounts receivable: +€41,848
- Deferred charges and accrued income +€1,603
new in 2025: €1,603
- Tangible fixed assets -€900
down €900 (-40.5%), from €2,221 to €1,322
- Profit (loss) carried forward +€33,789
up €33,789 (+419%), from €8,064 to €41,853
- Tax, wage and social debts +€9,217
up €9,217 (+283%), from €3,260 to €12,477
- Trade debts +€6,032
up €6,032 (+2,038%), from €296 to €6,328
- Gross operating margin +€35,719
up €35,719 (+267%), from €13,379 to €49,098
- Taxes +€5,957
up €5,957 (+183%), from €3,260 to €9,217
- Financial charges +€4,084
up €4,084 (+348%), from €1,175 to €5,259
- Financial income +€945
new in 2025: €945
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 | €12,065 | €60,657 | +€48,592 | +403% |
| Fixed assets | 21/28 | €2,221 | €1,322 | -€900 | -40.5% |
| Tangible fixed assets | 22/27 | €2,221 | €1,322 | -€900 | -40.5% |
| Furniture and vehicles | 24 | €2,221 | €1,322 | -€900 | -40.5% |
| Current assets | 29/58 | €9,844 | €59,336 | +€49,492 | +503% |
| Amounts receivable within one year | 40/41 | €6,367 | €54,191 | +€47,824 | +751% |
| Trade receivables | 40 | €4,128 | €10,103 | +€5,975 | +145% |
| Other amounts receivable | 41 | €2,239 | €44,087 | +€41,848 | +1,869% |
| Cash at bank and in hand | 54/58 | €3,477 | €3,542 | +€65 | +1.9% |
| Deferred charges and accrued income | 490/1 | - | €1,603 | +€1,603 | |
| Total equity and liabilities | 10/49 | €12,065 | €60,657 | +€48,592 | +403% |
| Equity | 10/15 | €8,064 | €41,853 | +€33,789 | +419% |
| Profit (loss) carried forward | 14 | €8,064 | €41,853 | +€33,789 | +419% |
| Amounts payable | 17/49 | €4,001 | €18,805 | +€14,804 | +370% |
| Amounts payable within one year | 42/48 | €4,001 | €18,805 | +€14,804 | +370% |
| Trade debts | 44 | €296 | €6,328 | +€6,032 | +2,038% |
| Suppliers | 440/4 | €296 | €6,328 | +€6,032 | +2,038% |
| Taxes, remuneration and social security | 45 | €3,260 | €12,477 | +€9,217 | +283% |
| Taxes | 450/3 | €3,260 | €12,477 | +€9,217 | +283% |
| Other amounts payable | 47/48 | €445 | - | -€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €900 | +€421 | +87.9% |
| Other operating charges | 640/8 | €401 | €878 | +€477 | +119% |
| Gross operating margin | 9900 | €13,379 | €49,098 | +€35,719 | +267% |
| Operating profit (loss) | 9901 | €12,499 | €47,320 | +€34,821 | +279% |
| Financial income | 75/76B | - | €945 | +€945 | |
| Recurring financial income | 75 | - | €945 | +€945 | |
| Financial charges | 65/66B | €1,175 | €5,259 | +€4,084 | +348% |
| Recurring financial charges | 65 | €1,175 | €5,259 | +€4,084 | +348% |
| Profit (loss) for the period before taxes | 9903 | €11,324 | €43,006 | +€31,682 | +280% |
| Income taxes | 67/77 | €3,260 | €9,217 | +€5,957 | +183% |
| Profit (loss) for the period | 9904 | €8,064 | €33,789 | +€25,725 | +319% |
| Profit (loss) for the period to be appropriated | 9905 | €8,064 | €33,789 | +€25,725 | +319% |
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 29 October 2026 via checked.be.