M2GI Engineering: what changed
M2GI Engineering
Largest movements
- Tangible fixed assets -€9,229
down €9,229 (-31.0%), from €29,734 to €20,505
of which Furniture and vehicles: -€5,604
- Cash +€7,733
up €7,733 (+86.2%), from €8,970 to €16,702
mainly Depreciation (+€11,728) and Other debts (+€4,525)
- Current investments -€2,297
down €2,297 (-3.1%), from €74,358 to €72,061
- Deferred charges and accrued income -€1,622
down €1,622 (-18.2%), from €8,913 to €7,290
- Debts after one year -€5,616
down €5,616 (-10.0%), from €56,164 to €50,547
- Other debts +€4,525
up €4,525 (+70.7%), from €6,402 to €10,927
- Tax, wage and social debts -€2,914
down €2,914 (-29.2%), from €9,986 to €7,073
of which Remuneration and social security: -€1,680
- Advances received -€2,904
down €2,904 (-85.7%), from €3,388 to €484
- Profit (loss) carried forward +€1,835
up €1,835 (+5.9%), from €30,977 to €32,812
- Gross operating margin -€21,796
down €21,796 (-56.3%), from €38,727 to €16,931
- Taxes -€10,171
down €10,171 (-84.5%), from €12,039 to €1,868
- Depreciation +€7,762
up €7,762 (+196%), from €3,965 to €11,728
- Financial income -€6,414
down €6,414 (-60.2%), from €10,654 to €4,240
- Financial charges +€3,737
up €3,737 (+706%), from €529 to €4,266
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 | €131,719 | €125,242 | -€6,477 | -4.9% |
| Fixed assets | 21/28 | €29,759 | €20,530 | -€9,229 | -31.0% |
| Tangible fixed assets | 22/27 | €29,734 | €20,505 | -€9,229 | -31.0% |
| Plant, machinery and equipment | 23 | €6,385 | €3,092 | -€3,293 | -51.6% |
| Furniture and vehicles | 24 | €22,389 | €16,785 | -€5,604 | -25.0% |
| Other tangible fixed assets | 26 | €959 | €628 | -€332 | -34.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €101,960 | €104,711 | +€2,751 | +2.7% |
| Amounts receivable within one year | 40/41 | €9,720 | €8,657 | -€1,062 | -10.9% |
| Trade receivables | 40 | €6,734 | €3,510 | -€3,223 | -47.9% |
| Other amounts receivable | 41 | €2,986 | €5,147 | +€2,161 | +72.4% |
| Current investments | 50/53 | €74,358 | €72,061 | -€2,297 | -3.1% |
| Cash at bank and in hand | 54/58 | €8,970 | €16,702 | +€7,733 | +86.2% |
| Deferred charges and accrued income | 490/1 | €8,913 | €7,290 | -€1,622 | -18.2% |
| Total equity and liabilities | 10/49 | €131,719 | €125,242 | -€6,477 | -4.9% |
| Equity | 10/15 | €51,437 | €53,272 | +€1,835 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,977 | €32,812 | +€1,835 | +5.9% |
| Amounts payable | 17/49 | €80,282 | €71,970 | -€8,312 | -10.4% |
| Amounts payable after more than one year | 17 | €56,164 | €50,547 | -€5,616 | -10.0% |
| Other amounts payable | 178/9 | €56,164 | €50,547 | -€5,616 | -10.0% |
| Amounts payable within one year | 42/48 | €24,118 | €21,422 | -€2,696 | -11.2% |
| Financial debts | 43 | - | €192 | +€192 | |
| Credit institutions | 430/8 | - | €192 | +€192 | |
| Trade debts | 44 | €4,342 | €2,747 | -€1,595 | -36.7% |
| Suppliers | 440/4 | €4,342 | €2,747 | -€1,595 | -36.7% |
| Advances received on contracts in progress | 46 | €3,388 | €484 | -€2,904 | -85.7% |
| Taxes, remuneration and social security | 45 | €9,986 | €7,073 | -€2,914 | -29.2% |
| Taxes | 450/3 | €8,306 | €7,073 | -€1,234 | -14.9% |
| Remuneration and social security | 454/9 | €1,680 | - | -€1,680 | |
| Other amounts payable | 47/48 | €6,402 | €10,927 | +€4,525 | +70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,965 | €11,728 | +€7,762 | +196% |
| Other operating charges | 640/8 | €1,012 | €641 | -€370 | -36.6% |
| Gross operating margin | 9900 | €38,727 | €16,931 | -€21,796 | -56.3% |
| Operating profit (loss) | 9901 | €33,750 | €4,562 | -€29,188 | -86.5% |
| Financial income | 75/76B | €10,654 | €4,240 | -€6,414 | -60.2% |
| Recurring financial income | 75 | €10,654 | €4,240 | -€6,414 | -60.2% |
| Financial charges | 65/66B | €529 | €4,266 | +€3,737 | +706% |
| Recurring financial charges | 65 | €529 | €4,266 | +€3,737 | +706% |
| Profit (loss) for the period before taxes | 9903 | €43,875 | €4,536 | -€39,339 | -89.7% |
| Income taxes | 67/77 | €12,039 | €1,868 | -€10,171 | -84.5% |
| Profit (loss) for the period | 9904 | €31,836 | €2,668 | -€29,168 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,836 | €2,668 | -€29,168 | -91.6% |
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 7 November 2026 via checked.be.