MG Avocat: 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 Avocat
Largest movements
- Tangible fixed assets +€332,503
up €332,503 (+30.9%), from €1.1m to €1.4m
of which Land and buildings: +€332,821
- Receivables within one year -€172,241
down €172,241 (-90.5%), from €190,326 to €18,085
of which Trade receivables: -€121,870
- Intangible fixed assets -€94,081
down €94,081 (-20.0%), from €470,081 to €376,000
- Cash -€59,906
down €59,906 (-64.6%), from €92,679 to €32,773
mainly Investment in fixed assets (net) (-€386,014) and Other debts (-€246,856)
- Other debts -€246,856
down €246,856 (-58.0%), from €425,842 to €178,985
- Debts after one year +€162,375
up €162,375 (+33.3%), from €487,375 to €649,750
- Reserves +€126,764
up €126,764 (+21.1%), from €600,946 to €727,710
- Trade debts -€72,364
down €72,364 (-54.8%), from €132,060 to €59,696
- Tax, wage and social debts +€40,252
up €40,252 (+58.4%), from €68,946 to €109,198
of which Taxes: +€39,815
- Depreciation +€33,923
up €33,923 (+29.8%), from €113,659 to €147,581
- Taxes -€18,102
down €18,102 (-23.7%), from €76,356 to €58,254
- Gross operating margin -€14,386
down €14,386 (-3.7%), from €385,621 to €371,234
- Financial charges +€8,593
up €8,593 (+51.0%), from €16,865 to €25,458
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 | €1,834,170 | €1,840,607 | +€6,437 | +0.4% |
| Fixed assets | 21/28 | €1,547,759 | €1,786,192 | +€238,433 | +15.4% |
| Intangible fixed assets | 21 | €470,081 | €376,000 | -€94,081 | -20.0% |
| Tangible fixed assets | 22/27 | €1,077,660 | €1,410,163 | +€332,503 | +30.9% |
| Land and buildings | 22 | €837,336 | €1,170,158 | +€332,821 | +39.7% |
| Furniture and vehicles | 24 | €14,215 | €18,646 | +€4,431 | +31.2% |
| Other tangible fixed assets | 26 | €226,108 | €221,359 | -€4,750 | -2.1% |
| Financial fixed assets | 28 | €18 | €29 | +€11 | +62.2% |
| Current assets | 29/58 | €286,411 | €54,415 | -€231,996 | -81.0% |
| Amounts receivable within one year | 40/41 | €190,326 | €18,085 | -€172,241 | -90.5% |
| Trade receivables | 40 | €139,495 | €17,625 | -€121,870 | -87.4% |
| Other amounts receivable | 41 | €50,831 | €460 | -€50,371 | -99.1% |
| Cash at bank and in hand | 54/58 | €92,679 | €32,773 | -€59,906 | -64.6% |
| Deferred charges and accrued income | 490/1 | €3,407 | €3,558 | +€151 | +4.4% |
| Total equity and liabilities | 10/49 | €1,834,170 | €1,840,607 | +€6,437 | +0.4% |
| Equity | 10/15 | €605,946 | €732,710 | +€126,764 | +20.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €600,946 | €727,710 | +€126,764 | +21.1% |
| Distributable reserves | 133 | €600,946 | €727,710 | +€126,764 | +21.1% |
| Amounts payable | 17/49 | €1,228,224 | €1,107,897 | -€120,327 | -9.8% |
| Amounts payable after more than one year | 17 | €487,375 | €649,750 | +€162,375 | +33.3% |
| Financial debts | 170/4 | €487,375 | €649,750 | +€162,375 | +33.3% |
| Amounts payable within one year | 42/48 | €740,710 | €457,658 | -€283,053 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €112,208 | €109,294 | -€2,914 | -2.6% |
| Financial debts | 43 | €1,654 | €484 | -€1,170 | -70.7% |
| Credit institutions | 430/8 | €1,654 | €484 | -€1,170 | -70.7% |
| Trade debts | 44 | €132,060 | €59,696 | -€72,364 | -54.8% |
| Suppliers | 440/4 | €132,060 | €59,696 | -€72,364 | -54.8% |
| Taxes, remuneration and social security | 45 | €68,946 | €109,198 | +€40,252 | +58.4% |
| Taxes | 450/3 | €68,261 | €108,077 | +€39,815 | +58.3% |
| Remuneration and social security | 454/9 | €684 | €1,121 | +€437 | +63.9% |
| Other amounts payable | 47/48 | €425,842 | €178,985 | -€246,856 | -58.0% |
| Accrued charges and deferred income | 492/3 | €138 | €490 | +€352 | +254% |
| Remuneration, social security and pensions | 62 | €5,122 | €7,946 | +€2,824 | +55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,659 | €147,581 | +€33,923 | +29.8% |
| Other operating charges | 640/8 | €2,462 | €1,441 | -€1,021 | -41.5% |
| Non-recurring operating charges | 66A | €0 | €3,792 | +€3,792 | |
| Gross operating margin | 9900 | €385,621 | €371,234 | -€14,386 | -3.7% |
| Operating profit (loss) | 9901 | €264,378 | €210,474 | -€53,904 | -20.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +875% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +875% |
| Financial charges | 65/66B | €16,865 | €25,458 | +€8,593 | +51.0% |
| Recurring financial charges | 65 | €16,865 | €25,458 | +€8,593 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €247,513 | €185,017 | -€62,495 | -25.2% |
| Income taxes | 67/77 | €76,356 | €58,254 | -€18,102 | -23.7% |
| Profit (loss) for the period | 9904 | €171,157 | €126,764 | -€44,393 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €171,157 | €126,764 | -€44,393 | -25.9% |
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 21 October 2026 via checked.be.