M&G PARTNERS: 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 PARTNERS
Largest movements
- Deferred charges and accrued income +€70,960
up €70,960 (+190%), from €37,286 to €108,246
- Cash +€34,904
up €34,904 (+85.1%), from €40,996 to €75,900
mainly Other debts (+€133,080) and Net result for the year (+€96,227)
- Other debts +€133,080
new in 2025: €133,080
- Reserves -€36,860
down €36,860 (-49.9%), from €73,915 to €37,055
- Trade debts +€16,349
up €16,349 (+366%), from €4,468 to €20,817
- Accrued charges and deferred income -€3,702
down €3,702 (-41.8%), from €8,847 to €5,145
- Tax, wage and social debts -€3,196
down €3,196 (-49.1%), from €6,511 to €3,315
- Gross operating margin +€79,542
up €79,542 (+405%), from €19,619 to €99,161
- Taxes -€3,792
down €3,792 (-55.0%), from €6,891 to €3,098
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 | €100,294 | €205,972 | +€105,678 | +105% |
| Current assets | 29/58 | €100,294 | €205,972 | +€105,678 | +105% |
| Amounts receivable within one year | 40/41 | €22,013 | €21,827 | -€186 | -0.8% |
| Trade receivables | 40 | €21,226 | €21,827 | +€600 | +2.8% |
| Other amounts receivable | 41 | €786 | - | -€786 | |
| Cash at bank and in hand | 54/58 | €40,996 | €75,900 | +€34,904 | +85.1% |
| Deferred charges and accrued income | 490/1 | €37,286 | €108,246 | +€70,960 | +190% |
| Total equity and liabilities | 10/49 | €100,294 | €205,972 | +€105,678 | +105% |
| Equity | 10/15 | €80,468 | €43,615 | -€36,853 | -45.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,915 | €37,055 | -€36,860 | -49.9% |
| Distributable reserves | 133 | €73,915 | €37,055 | -€36,860 | -49.9% |
| Profit (loss) carried forward | 14 | €353 | €360 | +€7 | +2.0% |
| Amounts payable | 17/49 | €19,826 | €162,357 | +€142,531 | +719% |
| Amounts payable within one year | 42/48 | €10,979 | €157,212 | +€146,233 | +1,332% |
| Trade debts | 44 | €4,468 | €20,817 | +€16,349 | +366% |
| Suppliers | 440/4 | €4,468 | €20,817 | +€16,349 | +366% |
| Taxes, remuneration and social security | 45 | €6,511 | €3,315 | -€3,196 | -49.1% |
| Taxes | 450/3 | €6,511 | €3,315 | -€3,196 | -49.1% |
| Other amounts payable | 47/48 | - | €133,080 | +€133,080 | |
| Accrued charges and deferred income | 492/3 | €8,847 | €5,145 | -€3,702 | -41.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €19,619 | €99,161 | +€79,542 | +405% |
| Operating profit (loss) | 9901 | €19,232 | €98,761 | +€79,530 | +414% |
| Financial income | 75/76B | €1,266 | €606 | -€660 | -52.1% |
| Recurring financial income | 75 | €1,266 | €606 | -€660 | -52.1% |
| Financial charges | 65/66B | €40 | €42 | +€2 | +6.1% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €20,458 | €99,326 | +€78,868 | +386% |
| Income taxes | 67/77 | €6,891 | €3,098 | -€3,792 | -55.0% |
| Profit (loss) for the period | 9904 | €13,567 | €96,227 | +€82,660 | +609% |
| Profit (loss) for the period to be appropriated | 9905 | €13,567 | €96,227 | +€82,660 | +609% |
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 23 October 2026 via checked.be.