MG Assur: 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.
MG Assur
Largest movements
- Receivables after one year -€146,155
down €146,155 (-29.0%), from €503,987 to €357,833
- Intangible fixed assets -€110,176
down €110,176 (-11.8%), from €934,792 to €824,616
- Receivables within one year +€56,801
up €56,801 (+28.9%), from €196,361 to €253,162
of which Trade receivables: +€44,223
- Tangible fixed assets -€36,254
down €36,254 (-22.0%), from €164,685 to €128,430
of which Furniture and vehicles: -€25,973
- Debts after one year -€152,523
down €152,523 (-16.7%), from €915,212 to €762,689
- Reserves -€54,704
down €54,704 (-7.7%), from €713,262 to €658,558
of which Distributable reserves: -€54,704
- Other debts -€33,544
no longer reported in 2025 (was €33,544)
- Staff costs +€40,849
up €40,849 (+14.0%), from €291,995 to €332,844
- Gross operating margin +€40,645
up €40,645 (+5.1%), from €800,553 to €841,199
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 | €1,920,368 | €1,667,421 | -€252,947 | -13.2% |
| Fixed assets | 21/28 | €1,099,476 | €953,046 | -€146,430 | -13.3% |
| Intangible fixed assets | 21 | €934,792 | €824,616 | -€110,176 | -11.8% |
| Tangible fixed assets | 22/27 | €164,685 | €128,430 | -€36,254 | -22.0% |
| Plant, machinery and equipment | 23 | €9,163 | €7,905 | -€1,258 | -13.7% |
| Furniture and vehicles | 24 | €102,888 | €76,915 | -€25,973 | -25.2% |
| Other tangible fixed assets | 26 | €52,633 | €43,610 | -€9,024 | -17.1% |
| Current assets | 29/58 | €820,892 | €714,375 | -€106,517 | -13.0% |
| Amounts receivable after more than one year | 29 | €503,987 | €357,833 | -€146,155 | -29.0% |
| Trade receivables | 290 | €503,987 | €357,833 | -€146,155 | -29.0% |
| Amounts receivable within one year | 40/41 | €196,361 | €253,162 | +€56,801 | +28.9% |
| Trade receivables | 40 | €181,010 | €225,232 | +€44,223 | +24.4% |
| Other amounts receivable | 41 | €15,351 | €27,930 | +€12,578 | +81.9% |
| Cash at bank and in hand | 54/58 | €108,180 | €92,507 | -€15,673 | -14.5% |
| Deferred charges and accrued income | 490/1 | €12,363 | €10,873 | -€1,490 | -12.1% |
| Total equity and liabilities | 10/49 | €1,920,368 | €1,667,421 | -€252,947 | -13.2% |
| Equity | 10/15 | €725,662 | €670,958 | -€54,704 | -7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €713,262 | €658,558 | -€54,704 | -7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €203,508 | €203,508 | = | 0.0% |
| Distributable reserves | 133 | €507,894 | €453,190 | -€54,704 | -10.8% |
| Amounts payable | 17/49 | €1,194,706 | €996,463 | -€198,242 | -16.6% |
| Amounts payable after more than one year | 17 | €915,212 | €762,689 | -€152,523 | -16.7% |
| Financial debts | 170/4 | €915,212 | €762,689 | -€152,523 | -16.7% |
| Amounts payable within one year | 42/48 | €279,494 | €233,774 | -€45,720 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €158,655 | €153,269 | -€5,386 | -3.4% |
| Financial debts | 43 | - | €2,301 | +€2,301 | |
| Credit institutions | 430/8 | - | €2,301 | +€2,301 | |
| Trade debts | 44 | €21,118 | €17,138 | -€3,980 | -18.8% |
| Suppliers | 440/4 | €21,118 | €17,138 | -€3,980 | -18.8% |
| Taxes, remuneration and social security | 45 | €66,177 | €61,066 | -€5,111 | -7.7% |
| Taxes | 450/3 | €26,292 | €20,954 | -€5,338 | -20.3% |
| Remuneration and social security | 454/9 | €39,885 | €40,112 | +€226 | +0.6% |
| Other amounts payable | 47/48 | €33,544 | - | -€33,544 | |
| Remuneration, social security and pensions | 62 | €291,995 | €332,844 | +€40,849 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,290 | €153,808 | -€2,482 | -1.6% |
| Other operating charges | 640/8 | €2,550 | €2,424 | -€126 | -4.9% |
| Gross operating margin | 9900 | €800,553 | €841,199 | +€40,645 | +5.1% |
| Operating profit (loss) | 9901 | €349,719 | €352,123 | +€2,404 | +0.7% |
| Financial income | 75/76B | €9,250 | €10,338 | +€1,088 | +11.8% |
| Recurring financial income | 75 | €9,250 | €10,338 | +€1,088 | +11.8% |
| Financial charges | 65/66B | €46,607 | €39,352 | -€7,256 | -15.6% |
| Recurring financial charges | 65 | €46,607 | €39,352 | -€7,256 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €312,362 | €323,109 | +€10,748 | +3.4% |
| Income taxes | 67/77 | €100,669 | €97,813 | -€2,856 | -2.8% |
| Profit (loss) for the period | 9904 | €211,692 | €225,296 | +€13,604 | +6.4% |
| Transfer to tax-exempt reserves | 689 | €105,250 | - | -€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,442 | €225,296 | +€118,854 | +112% |
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 18 October 2026 via checked.be.