M&G Translog: 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 Translog
Largest movements
- Cash +€31,370
up €31,370 (+203%), from €15,466 to €46,837
mainly Trade debts (+€35,494) and Tax, wage and social debts (+€31,791)
- Receivables within one year +€27,402
up €27,402 (+49.0%), from €55,918 to €83,320
of which Trade receivables: +€20,167
- Trade debts +€35,494
up €35,494 (+40.9%), from €86,819 to €122,312
- Tax, wage and social debts +€31,791
up €31,791 (+212%), from €14,994 to €46,784
of which Remuneration and social security: +€34,238
- Profit (loss) carried forward -€10,988
down €10,988 (-71.2%), from -€15,428 to -€26,416
- Other debts +€2,476
new in 2025: €2,476
- Gross operating margin +€20,494
up €20,494 (+24.2%), from €84,717 to €105,210
- Staff costs +€14,679
up €14,679 (+14.8%), from €99,260 to €113,939
- Other operating charges +€1,472
up €1,472 (+2,353%), from €63 to €1,534
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 | €91,384 | €150,157 | +€58,773 | +64.3% |
| Fixed assets | 21/28 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €71,384 | €130,157 | +€58,773 | +82.3% |
| Amounts receivable within one year | 40/41 | €55,918 | €83,320 | +€27,402 | +49.0% |
| Trade receivables | 40 | €55,918 | €76,085 | +€20,167 | +36.1% |
| Other amounts receivable | 41 | - | €7,235 | +€7,235 | |
| Cash at bank and in hand | 54/58 | €15,466 | €46,837 | +€31,370 | +203% |
| Total equity and liabilities | 10/49 | €91,384 | €150,157 | +€58,773 | +64.3% |
| Equity | 10/15 | -€10,428 | -€21,416 | -€10,988 | -105% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€15,428 | -€26,416 | -€10,988 | -71.2% |
| Amounts payable | 17/49 | €101,813 | €171,573 | +€69,760 | +68.5% |
| Amounts payable within one year | 42/48 | €101,813 | €171,573 | +€69,760 | +68.5% |
| Trade debts | 44 | €86,819 | €122,312 | +€35,494 | +40.9% |
| Suppliers | 440/4 | €86,819 | €122,312 | +€35,494 | +40.9% |
| Taxes, remuneration and social security | 45 | €14,994 | €46,784 | +€31,791 | +212% |
| Taxes | 450/3 | €14,994 | €12,546 | -€2,447 | -16.3% |
| Remuneration and social security | 454/9 | - | €34,238 | +€34,238 | |
| Other amounts payable | 47/48 | - | €2,476 | +€2,476 | |
| Remuneration, social security and pensions | 62 | €99,260 | €113,939 | +€14,679 | +14.8% |
| Other operating charges | 640/8 | €63 | €1,534 | +€1,472 | +2,353% |
| Gross operating margin | 9900 | €84,717 | €105,210 | +€20,494 | +24.2% |
| Operating profit (loss) | 9901 | -€14,605 | -€10,263 | +€4,343 | +29.7% |
| Financial charges | 65/66B | €823 | €725 | -€98 | -11.9% |
| Recurring financial charges | 65 | €823 | €725 | -€98 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,428 | -€10,988 | +€4,441 | +28.8% |
| Profit (loss) for the period | 9904 | -€15,428 | -€10,988 | +€4,441 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,428 | -€10,988 | +€4,441 | +28.8% |
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 16 October 2026 via checked.be.