M&G PROD: 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 PROD
Largest movements
- Receivables within one year -€59,924
down €59,924 (-38.0%), from €157,621 to €97,697
of which Trade receivables: -€41,840
- Tangible fixed assets -€9,910
down €9,910 (-32.7%), from €30,296 to €20,386
of which Furniture and vehicles: -€6,152
- Deferred charges and accrued income +€2,522
up €2,522 (+548.2%), from €460 to €2,982
- Trade debts -€72,190
down €72,190 (-74.1%), from €97,473 to €25,283
- Profit (loss) carried forward +€12,761
up €12,761, from -€6,373 to €6,388
- Tax, wage and social debts -€10,514
down €10,514 (-73.4%), from €14,334 to €3,820
of which Remuneration and social security: -€11,121
- Other debts +€4,646
up €4,646 (+40.7%), from €11,421 to €16,067
- Staff costs -€42,724
down €42,724 (-87.7%), from €48,709 to €5,985
- Gross operating margin -€11,621
down €11,621 (-23.7%), from €49,051 to €37,430
- Financial income -€5,642
down €5,642 (-98.2%), from €5,742 to €101
- Taxes +€2,201
up €2,201 (+975.7%), from €226 to €2,426
- Other operating charges +€2,083
up €2,083 (+333.3%), from €625 to €2,707
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.
Cash bridge derived
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 | €188,377 | €121,875 | -€66,502 | -35.3% |
| Fixed assets | 21/28 | €30,296 | €20,386 | -€9,910 | -32.7% |
| Tangible fixed assets | 22/27 | €30,296 | €20,386 | -€9,910 | -32.7% |
| Furniture and vehicles | 24 | €16,997 | €10,845 | -€6,152 | -36.2% |
| Other tangible fixed assets | 26 | €13,299 | €9,541 | -€3,758 | -28.3% |
| Current assets | 29/58 | €158,081 | €101,489 | -€56,592 | -35.8% |
| Amounts receivable within one year | 40/41 | €157,621 | €97,697 | -€59,924 | -38.0% |
| Trade receivables | 40 | €51,498 | €9,658 | -€41,840 | -81.2% |
| Other amounts receivable | 41 | €106,123 | €88,039 | -€18,084 | -17.0% |
| Cash at bank and in hand | 54/58 | €0 | €811 | +€811 | +1350983.3% |
| Deferred charges and accrued income | 490/1 | €460 | €2,982 | +€2,522 | +548.2% |
| Total equity and liabilities | 10/49 | €188,377 | €121,875 | -€66,502 | -35.3% |
| Equity | 10/15 | €56,865 | €69,626 | +€12,761 | +22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,838 | €50,838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,978 | €48,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,373 | €6,388 | +€12,761 | |
| Amounts payable | 17/49 | €131,512 | €52,248 | -€79,264 | -60.3% |
| Amounts payable within one year | 42/48 | €131,512 | €52,248 | -€79,264 | -60.3% |
| Financial debts | 43 | €8,285 | €7,079 | -€1,205 | -14.5% |
| Credit institutions | 430/8 | €8,285 | €7,079 | -€1,205 | -14.5% |
| Trade debts | 44 | €97,473 | €25,283 | -€72,190 | -74.1% |
| Suppliers | 440/4 | €97,473 | €25,283 | -€72,190 | -74.1% |
| Taxes, remuneration and social security | 45 | €14,334 | €3,820 | -€10,514 | -73.4% |
| Taxes | 450/3 | €2,517 | €3,123 | +€606 | +24.1% |
| Remuneration and social security | 454/9 | €11,817 | €697 | -€11,121 | -94.1% |
| Other amounts payable | 47/48 | €11,421 | €16,067 | +€4,646 | +40.7% |
| Remuneration, social security and pensions | 62 | €48,709 | €5,985 | -€42,724 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,068 | €8,002 | -€66 | -0.8% |
| Other operating charges | 640/8 | €625 | €2,707 | +€2,083 | +333.3% |
| Non-recurring operating charges | 66A | - | €3,856 | +€3,856 | |
| Gross operating margin | 9900 | €49,051 | €37,430 | -€11,621 | -23.7% |
| Operating profit (loss) | 9901 | -€8,350 | €16,880 | +€25,230 | |
| Financial income | 75/76B | €5,742 | €101 | -€5,642 | -98.2% |
| Recurring financial income | 75 | €5,742 | €101 | -€5,642 | -98.2% |
| Financial charges | 65/66B | €1,513 | €1,792 | +€279 | +18.5% |
| Recurring financial charges | 65 | €1,513 | €1,792 | +€279 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,121 | €15,188 | +€19,309 | |
| Income taxes | 67/77 | €226 | €2,426 | +€2,201 | +975.7% |
| Profit (loss) for the period | 9904 | -€4,346 | €12,761 | +€17,108 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,346 | €12,761 | +€17,108 |
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 12 October 2026 via checked.be.