MG BUILDING: 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 BUILDING
Largest movements
- Stocks and contracts +€619,541
up €619,541 (+664.4%), from €93,254 to €712,796
- Cash +€152,667
up €152,667 (+4083.2%), from €3,739 to €156,405
mainly Debts after one year (+€655,208) and Trade debts (+€103,031)
- Receivables within one year +€25,066
up €25,066 (+168.7%), from €14,858 to €39,925
of which Other amounts receivable: +€33,778
- Debts after one year +€655,208
up €655,208 (+739.1%), from €88,650 to €743,858
of which Financial debts: +€668,048
- Trade debts +€103,031
up €103,031 (+1355.1%), from €7,603 to €110,634
- Tax, wage and social debts +€21,767
up €21,767 (+340.1%), from €6,400 to €28,167
of which Taxes: +€26,367
- Reserves +€17,558
up €17,558 (+302.2%), from €5,810 to €23,368
- Financial charges +€32,372
up €32,372 (+26393.7%), from €123 to €32,495
- Gross operating margin +€25,753
up €25,753 (+198.7%), from €12,960 to €38,712
- Financial income +€19,121
up €19,121 (+17382.9%), from €110 to €19,231
- Depreciation -€4,091
down €4,091 (-85.7%), from €4,773 to €682
- Taxes +€3,068
up €3,068 (+170.4%), from €1,800 to €4,868
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.
Cash bridge derived
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 | €113,265 | €910,055 | +€796,791 | +703.5% |
| Fixed assets | 21/28 | €1,413 | €731 | -€682 | -48.3% |
| Tangible fixed assets | 22/27 | €1,413 | €731 | -€682 | -48.3% |
| Furniture and vehicles | 24 | €1,413 | €731 | -€682 | -48.3% |
| Current assets | 29/58 | €111,852 | €909,325 | +€797,473 | +713.0% |
| Stocks and contracts in progress | 3 | €93,254 | €712,796 | +€619,541 | +664.4% |
| Stocks | 30/36 | €93,254 | €712,796 | +€619,541 | +664.4% |
| Amounts receivable within one year | 40/41 | €14,858 | €39,925 | +€25,066 | +168.7% |
| Trade receivables | 40 | €8,712 | €0 | -€8,712 | -100.0% |
| Other amounts receivable | 41 | €6,146 | €39,925 | +€33,778 | +549.6% |
| Cash at bank and in hand | 54/58 | €3,739 | €156,405 | +€152,667 | +4083.2% |
| Deferred charges and accrued income | 490/1 | - | €199 | +€199 | |
| Total equity and liabilities | 10/49 | €113,265 | €910,055 | +€796,791 | +703.5% |
| Equity | 10/15 | €6,810 | €24,368 | +€17,558 | +257.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,810 | €23,368 | +€17,558 | +302.2% |
| Distributable reserves | 133 | €5,810 | €23,368 | +€17,558 | +302.2% |
| Amounts payable | 17/49 | €106,454 | €885,687 | +€779,233 | +732.0% |
| Amounts payable after more than one year | 17 | €88,650 | €743,858 | +€655,208 | +739.1% |
| Financial debts | 170/4 | - | €668,048 | +€668,048 | |
| Other amounts payable | 178/9 | €88,650 | €75,810 | -€12,840 | -14.5% |
| Amounts payable within one year | 42/48 | €17,804 | €139,778 | +€121,974 | +685.1% |
| Trade debts | 44 | €7,603 | €110,634 | +€103,031 | +1355.1% |
| Suppliers | 440/4 | €7,603 | €110,634 | +€103,031 | +1355.1% |
| Taxes, remuneration and social security | 45 | €6,400 | €28,167 | +€21,767 | +340.1% |
| Taxes | 450/3 | €1,800 | €28,167 | +€26,367 | +1464.6% |
| Remuneration and social security | 454/9 | €4,600 | €0 | -€4,600 | -100.0% |
| Other amounts payable | 47/48 | €3,801 | €977 | -€2,824 | -74.3% |
| Accrued charges and deferred income | 492/3 | - | €2,050 | +€2,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,773 | €682 | -€4,091 | -85.7% |
| Other operating charges | 640/8 | €563 | €2,341 | +€1,778 | +315.7% |
| Gross operating margin | 9900 | €12,960 | €38,712 | +€25,753 | +198.7% |
| Operating profit (loss) | 9901 | €7,623 | €35,690 | +€28,066 | +368.2% |
| Financial income | 75/76B | €110 | €19,231 | +€19,121 | +17382.9% |
| Recurring financial income | 75 | €110 | €19,231 | +€19,121 | +17382.9% |
| Financial charges | 65/66B | €123 | €32,495 | +€32,372 | +26393.7% |
| Recurring financial charges | 65 | €123 | €32,495 | +€32,372 | +26393.7% |
| Profit (loss) for the period before taxes | 9903 | €7,611 | €22,426 | +€14,815 | +194.7% |
| Income taxes | 67/77 | €1,800 | €4,868 | +€3,068 | +170.4% |
| Profit (loss) for the period | 9904 | €5,810 | €17,558 | +€11,747 | +202.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,810 | €17,558 | +€11,747 | +202.2% |
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 11 October 2026 via checked.be.