MFG GESTION: 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.
MFG GESTION
Largest movements
- Cash +€108,581
up €108,581 (+68.3%), from €159,026 to €267,607
mainly Net result for the year (+€116,115) and Receivables within one year (+€73,248)
- Receivables within one year -€73,248
down €73,248 (-73.8%), from €99,252 to €26,004
- Reserves +€116,115
up €116,115 (+24.5%), from €474,341 to €590,457
of which Distributable reserves: +€116,115
- Debts after one year -€102,330
down €102,330 (-22.4%), from €457,082 to €354,751
of which Other amounts payable: -€72,352
- Tax, wage and social debts +€15,787
up €15,787 (+80.9%), from €19,520 to €35,307
- Financial income -€34,753
down €34,753 (-97.1%), from €35,779 to €1,025
- Taxes -€9,407
down €9,407 (-18.0%), from €52,214 to €42,806
- Gross operating margin -€2,299
down €2,299 (-1.4%), from €163,745 to €161,447
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 | €984,418 | €1,017,849 | +€33,431 | +3.4% |
| Fixed assets | 21/28 | €724,115 | €724,079 | -€36 | 0.0% |
| Tangible fixed assets | 22/27 | €2,082 | €2,046 | -€36 | -1.7% |
| Furniture and vehicles | 24 | €2,082 | €2,046 | -€36 | -1.7% |
| Financial fixed assets | 28 | €722,033 | €722,033 | = | 0.0% |
| Current assets | 29/58 | €260,303 | €293,770 | +€33,467 | +12.9% |
| Amounts receivable within one year | 40/41 | €99,252 | €26,004 | -€73,248 | -73.8% |
| Trade receivables | 40 | €99,252 | €26,004 | -€73,248 | -73.8% |
| Cash at bank and in hand | 54/58 | €159,026 | €267,607 | +€108,581 | +68.3% |
| Deferred charges and accrued income | 490/1 | €2,024 | €159 | -€1,866 | -92.2% |
| Total equity and liabilities | 10/49 | €984,418 | €1,017,849 | +€33,431 | +3.4% |
| Equity | 10/15 | €477,341 | €593,457 | +€116,115 | +24.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €474,341 | €590,457 | +€116,115 | +24.5% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €390,141 | €506,257 | +€116,115 | +29.8% |
| Amounts payable | 17/49 | €507,077 | €424,392 | -€82,685 | -16.3% |
| Amounts payable after more than one year | 17 | €457,082 | €354,751 | -€102,330 | -22.4% |
| Financial debts | 170/4 | €169,934 | €139,956 | -€29,978 | -17.6% |
| Other amounts payable | 178/9 | €287,148 | €214,796 | -€72,352 | -25.2% |
| Amounts payable within one year | 42/48 | €49,995 | €69,641 | +€19,646 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €29,781 | €29,978 | +€197 | +0.7% |
| Financial debts | 43 | €302 | €2,563 | +€2,261 | +749% |
| Credit institutions | 430/8 | €302 | €2,563 | +€2,261 | +749% |
| Trade debts | 44 | €220 | €1,621 | +€1,401 | +637% |
| Suppliers | 440/4 | €220 | €1,621 | +€1,401 | +637% |
| Taxes, remuneration and social security | 45 | €19,520 | €35,307 | +€15,787 | +80.9% |
| Taxes | 450/3 | €19,520 | €35,307 | +€15,787 | +80.9% |
| Other amounts payable | 47/48 | €172 | €172 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,981 | €1,560 | -€421 | -21.2% |
| Other operating charges | 640/8 | €532 | €538 | +€6 | +1.1% |
| Gross operating margin | 9900 | €163,745 | €161,447 | -€2,299 | -1.4% |
| Operating profit (loss) | 9901 | €161,232 | €159,348 | -€1,884 | -1.2% |
| Financial income | 75/76B | €35,779 | €1,025 | -€34,753 | -97.1% |
| Recurring financial income | 75 | €35,779 | €1,025 | -€34,753 | -97.1% |
| Financial charges | 65/66B | €1,647 | €1,452 | -€196 | -11.9% |
| Recurring financial charges | 65 | €1,647 | €1,452 | -€196 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €195,364 | €158,922 | -€36,442 | -18.7% |
| Income taxes | 67/77 | €52,214 | €42,806 | -€9,407 | -18.0% |
| Profit (loss) for the period | 9904 | €143,150 | €116,115 | -€27,034 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €143,150 | €116,115 | -€27,034 | -18.9% |
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 15 October 2026 via checked.be.