M.L.G.K.: what changed
M.L.G.K.
Largest movements
- Tangible fixed assets +€11,488
up €11,488 (+130%), from €8,832 to €20,320
of which Leasing and similar rights: +€13,781
- Cash +€5,668
up €5,668 (+116%), from €4,886 to €10,555
mainly Debts after one year (+€11,699) and Net result for the year (+€9,064)
- Receivables within one year -€796
no longer reported in 2025 (was €796)
- Debts after one year +€11,699
new in 2025: €11,699
- Reserves +€9,000
new in 2025: €9,000
- Other debts -€4,388
down €4,388 (-15.2%), from €28,795 to €24,407
- Tax, wage and social debts +€3,136
up €3,136 (+86.3%), from €3,631 to €6,767
- Current portion of long-term debt -€2,800
down €2,800 (-43.8%), from €6,387 to €3,587
- Turnover -€68,879
no longer reported in 2025 (was €68,879)
- Purchases and services -€59,790
no longer reported in 2025 (was €59,790)
- Gross operating margin +€6,512
up €6,512 (+57.4%), from €11,349 to €17,861
- Depreciation -€6,068
down €6,068 (-66.8%), from €9,080 to €3,012
- Taxes +€3,120
up €3,120 (+2,229%), from €140 to €3,260
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,208 | €34,682 | +€16,474 | +90.5% |
| Fixed assets | 21/28 | €8,942 | €20,430 | +€11,488 | +128% |
| Tangible fixed assets | 22/27 | €8,832 | €20,320 | +€11,488 | +130% |
| Plant, machinery and equipment | 23 | €1,307 | €1,070 | -€237 | -18.1% |
| Furniture and vehicles | 24 | €7,524 | €5,469 | -€2,056 | -27.3% |
| Leasing and similar rights | 25 | - | €13,781 | +€13,781 | |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €9,266 | €14,253 | +€4,986 | +53.8% |
| Stocks and contracts in progress | 3 | €3,585 | €3,698 | +€113 | +3.2% |
| Stocks | 30/36 | €3,585 | €3,698 | +€113 | +3.2% |
| Amounts receivable within one year | 40/41 | €796 | - | -€796 | |
| Other amounts receivable | 41 | €796 | - | -€796 | |
| Cash at bank and in hand | 54/58 | €4,886 | €10,555 | +€5,668 | +116% |
| Total equity and liabilities | 10/49 | €18,208 | €34,682 | +€16,474 | +90.5% |
| Equity | 10/15 | -€21,263 | -€12,198 | +€9,064 | +42.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €9,000 | +€9,000 | |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | -€39,863 | -€39,798 | +€64 | +0.2% |
| Amounts payable | 17/49 | €39,471 | €46,881 | +€7,410 | +18.8% |
| Amounts payable after more than one year | 17 | - | €11,699 | +€11,699 | |
| Financial debts | 170/4 | - | €11,699 | +€11,699 | |
| Amounts payable within one year | 42/48 | €39,471 | €35,182 | -€4,289 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €6,387 | €3,587 | -€2,800 | -43.8% |
| Trade debts | 44 | €658 | €420 | -€237 | -36.1% |
| Suppliers | 440/4 | €658 | €420 | -€237 | -36.1% |
| Taxes, remuneration and social security | 45 | €3,631 | €6,767 | +€3,136 | +86.3% |
| Taxes | 450/3 | €3,631 | €6,767 | +€3,136 | +86.3% |
| Other amounts payable | 47/48 | €28,795 | €24,407 | -€4,388 | -15.2% |
| Turnover | 70 | €68,879 | - | -€68,879 | |
| Non-recurring operating income | 76A | €659 | - | -€659 | |
| Goods, raw materials, services and sundry goods | 60/61 | €59,790 | - | -€59,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,080 | €3,012 | -€6,068 | -66.8% |
| Other operating charges | 640/8 | €2,349 | €2,005 | -€343 | -14.6% |
| Gross operating margin | 9900 | €11,349 | €17,861 | +€6,512 | +57.4% |
| Operating profit (loss) | 9901 | -€81 | €12,844 | +€12,924 | |
| Financial charges | 65/66B | €503 | €519 | +€16 | +3.2% |
| Recurring financial charges | 65 | €503 | €519 | +€16 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€583 | €12,325 | +€12,908 | |
| Income taxes | 67/77 | €140 | €3,260 | +€3,120 | +2,229% |
| Profit (loss) for the period | 9904 | -€723 | €9,064 | +€9,788 | |
| Profit (loss) for the period to be appropriated | 9905 | -€723 | €9,064 | +€9,788 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.