M.G.S. 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.S. Constructions
Largest movements
- Receivables after one year +€2,218
up €2,218 (+3.3%), from €67,099 to €69,317
- Trade debts +€1,264
up €1,264 (+16.4%), from €7,714 to €8,979
- Gross operating margin +€535
up €535 (+21.9%), from -€2,447 to -€1,912
- Depreciation -€180
down €180 (-100.0%), from €180 to €0
- Financial income +€71
up €71 (+3.3%), from €2,147 to €2,218
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 | €67,725 | €69,501 | +€1,776 | +2.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €67,725 | €69,501 | +€1,776 | +2.6% |
| Amounts receivable after more than one year | 29 | €67,099 | €69,317 | +€2,218 | +3.3% |
| Other amounts receivable | 291 | €67,099 | €69,317 | +€2,218 | +3.3% |
| Amounts receivable within one year | 40/41 | €527 | €0 | -€527 | -100.0% |
| Trade receivables | 40 | €248 | €0 | -€248 | -100.0% |
| Other amounts receivable | 41 | €279 | €0 | -€279 | -100.0% |
| Cash at bank and in hand | 54/58 | €100 | €184 | +€85 | +85.1% |
| Total equity and liabilities | 10/49 | €67,725 | €69,501 | +€1,776 | +2.6% |
| Equity | 10/15 | €57,642 | €57,753 | +€112 | +0.2% |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Reserves | 13 | €51,037 | €51,148 | +€112 | +0.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €49,137 | €49,248 | +€112 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €10,084 | €11,748 | +€1,664 | +16.5% |
| Amounts payable within one year | 42/48 | €10,084 | €11,748 | +€1,664 | +16.5% |
| Trade debts | 44 | €7,714 | €8,979 | +€1,264 | +16.4% |
| Suppliers | 440/4 | €7,714 | €8,979 | +€1,264 | +16.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,369 | €2,769 | +€400 | +16.9% |
| Non-recurring operating income | 76A | €452 | €0 | -€452 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €0 | -€180 | -100.0% |
| Other operating charges | 640/8 | €131 | €133 | +€2 | +1.5% |
| Gross operating margin | 9900 | -€2,447 | -€1,912 | +€535 | +21.9% |
| Operating profit (loss) | 9901 | -€2,758 | -€2,045 | +€713 | +25.8% |
| Financial income | 75/76B | €2,147 | €2,218 | +€71 | +3.3% |
| Recurring financial income | 75 | €2,147 | €2,218 | +€71 | +3.3% |
| Financial charges | 65/66B | €72 | €61 | -€11 | -15.7% |
| Recurring financial charges | 65 | €72 | €61 | -€11 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€684 | €112 | +€795 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€684 | €112 | +€795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€684 | €112 | +€795 |
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 11 October 2026 via checked.be.