M.G. URG: 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. URG
Largest movements
- Cash +€102,251
up €102,251 (+94.7%), from €107,957 to €210,208
mainly Net result for the year (+€95,094) and Receivables within one year (+€5,468)
- Receivables within one year -€5,468
down €5,468 (-58.0%), from €9,426 to €3,958
- Reserves +€95,094
up €95,094 (+93.0%), from €102,226 to €197,320
- Other debts +€2,766
up €2,766 (+38.5%), from €7,193 to €9,958
- Gross operating margin +€51,374
up €51,374 (+67.7%), from €75,874 to €127,248
- Taxes +€10,468
up €10,468 (+67.2%), from €15,574 to €26,042
- Staff costs +€5,166
new in 2025: €5,166
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 | €117,383 | €215,436 | +€98,052 | +83.5% |
| Current assets | 29/58 | €117,383 | €215,436 | +€98,052 | +83.5% |
| Amounts receivable within one year | 40/41 | €9,426 | €3,958 | -€5,468 | -58.0% |
| Other amounts receivable | 41 | €9,426 | €3,958 | -€5,468 | -58.0% |
| Cash at bank and in hand | 54/58 | €107,957 | €210,208 | +€102,251 | +94.7% |
| Deferred charges and accrued income | 490/1 | - | €1,269 | +€1,269 | |
| Total equity and liabilities | 10/49 | €117,383 | €215,436 | +€98,052 | +83.5% |
| Equity | 10/15 | €108,226 | €203,320 | +€95,094 | +87.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €102,226 | €197,320 | +€95,094 | +93.0% |
| Distributable reserves | 133 | €102,226 | €197,320 | +€95,094 | +93.0% |
| Amounts payable | 17/49 | €9,157 | €12,115 | +€2,958 | +32.3% |
| Amounts payable within one year | 42/48 | €9,157 | €12,115 | +€2,958 | +32.3% |
| Trade debts | 44 | €1,965 | €2,157 | +€192 | +9.8% |
| Suppliers | 440/4 | €1,965 | €2,157 | +€192 | +9.8% |
| Other amounts payable | 47/48 | €7,193 | €9,958 | +€2,766 | +38.5% |
| Remuneration, social security and pensions | 62 | - | €5,166 | +€5,166 | |
| Other operating charges | 640/8 | €357 | €304 | -€53 | -14.7% |
| Gross operating margin | 9900 | €75,874 | €127,248 | +€51,374 | +67.7% |
| Operating profit (loss) | 9901 | €75,517 | €121,778 | +€46,261 | +61.3% |
| Financial charges | 65/66B | €52 | €642 | +€590 | +1,126% |
| Recurring financial charges | 65 | €52 | €642 | +€590 | +1,126% |
| Profit (loss) for the period before taxes | 9903 | €75,465 | €121,136 | +€45,671 | +60.5% |
| Income taxes | 67/77 | €15,574 | €26,042 | +€10,468 | +67.2% |
| Profit (loss) for the period | 9904 | €59,891 | €95,094 | +€35,203 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,891 | €95,094 | +€35,203 | +58.8% |
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 20 October 2026 via checked.be.