M.G. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Intangible fixed assets -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year -€17,670
down €17,670 (-22.2%), from €79,606 to €61,936
of which Other amounts receivable: -€12,312
- Cash +€17,655
up €17,655 (+2,230%), from €792 to €18,447
mainly Net result for the year (+€77,604) and Investment in fixed assets (net) (+€54,965)
- Tangible fixed assets -€4,965
no longer reported in 2025 (was €4,965)
- Other debts -€95,150
down €95,150 (-27.2%), from €350,055 to €254,904
- Profit (loss) carried forward +€77,604
up €77,604 (+26.4%), from -€293,599 to -€215,995
- Short-term financial debts -€30,579
no longer reported in 2025 (was €30,579)
- Trade debts -€3,897
down €3,897 (-60.4%), from €6,455 to €2,558
- Tax, wage and social debts -€2,957
down €2,957 (-44.4%), from €6,667 to €3,710
of which Remuneration and social security: -€3,407
- Gross operating margin +€159,807
up €159,807, from -€41,160 to €118,647
- Staff costs -€14,580
down €14,580 (-30.6%), from €47,660 to €33,080
- Depreciation -€11,958
no longer reported in 2025 (was €11,958)
- Financial charges +€2,808
up €2,808 (+388%), from €724 to €3,533
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 | €137,507 | €82,527 | -€54,980 | -40.0% |
| Fixed assets | 21/28 | €57,110 | €2,145 | -€54,965 | -96.2% |
| Intangible fixed assets | 21 | €50,000 | - | -€50,000 | |
| Tangible fixed assets | 22/27 | €4,965 | - | -€4,965 | |
| Furniture and vehicles | 24 | €4,965 | - | -€4,965 | |
| Financial fixed assets | 28 | €2,145 | €2,145 | = | 0.0% |
| Current assets | 29/58 | €80,397 | €80,382 | -€15 | 0.0% |
| Amounts receivable within one year | 40/41 | €79,606 | €61,936 | -€17,670 | -22.2% |
| Trade receivables | 40 | €64,453 | €59,095 | -€5,358 | -8.3% |
| Other amounts receivable | 41 | €15,153 | €2,841 | -€12,312 | -81.3% |
| Cash at bank and in hand | 54/58 | €792 | €18,447 | +€17,655 | +2,230% |
| Total equity and liabilities | 10/49 | €137,507 | €82,527 | -€54,980 | -40.0% |
| Equity | 10/15 | -€256,249 | -€178,645 | +€77,604 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,599 | -€215,995 | +€77,604 | +26.4% |
| Amounts payable | 17/49 | €393,756 | €261,172 | -€132,584 | -33.7% |
| Amounts payable within one year | 42/48 | €393,756 | €261,172 | -€132,584 | -33.7% |
| Financial debts | 43 | €30,579 | - | -€30,579 | |
| Credit institutions | 430/8 | €30,579 | - | -€30,579 | |
| Trade debts | 44 | €6,455 | €2,558 | -€3,897 | -60.4% |
| Suppliers | 440/4 | €6,455 | €2,558 | -€3,897 | -60.4% |
| Taxes, remuneration and social security | 45 | €6,667 | €3,710 | -€2,957 | -44.4% |
| Taxes | 450/3 | €2,467 | €2,917 | +€450 | +18.2% |
| Remuneration and social security | 454/9 | €4,200 | €793 | -€3,407 | -81.1% |
| Other amounts payable | 47/48 | €350,055 | €254,904 | -€95,150 | -27.2% |
| Remuneration, social security and pensions | 62 | €47,660 | €33,080 | -€14,580 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,958 | - | -€11,958 | |
| Other operating charges | 640/8 | €5,375 | €4,431 | -€945 | -17.6% |
| Gross operating margin | 9900 | -€41,160 | €118,647 | +€159,807 | |
| Operating profit (loss) | 9901 | -€106,153 | €81,137 | +€187,290 | |
| Financial income | 75/76B | €142 | - | -€142 | |
| Recurring financial income | 75 | €142 | - | -€142 | |
| Financial charges | 65/66B | €724 | €3,533 | +€2,808 | +388% |
| Recurring financial charges | 65 | €724 | €3,533 | +€2,808 | +388% |
| Profit (loss) for the period before taxes | 9903 | -€106,736 | €77,604 | +€184,340 | |
| Income taxes | 67/77 | €313 | - | -€313 | |
| Profit (loss) for the period | 9904 | -€107,048 | €77,604 | +€184,653 | |
| Profit (loss) for the period to be appropriated | 9905 | -€107,048 | €77,604 | +€184,653 |
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 16 October 2026 via checked.be.