MG BUSINESS DEVELOPMENT: 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 BUSINESS DEVELOPMENT
Largest movements
- Tangible fixed assets +€1,508
up €1,508 (+17.2%), from €8,753 to €10,261
of which Furniture and vehicles: +€4,774
- Cash -€880
down €880 (-53.0%), from €1,659 to €779
mainly Net result for the year (-€53,720) and Investment in fixed assets (net) (-€6,590)
- Profit (loss) carried forward -€53,720
down €53,720 (-48.7%), from -€110,419 to -€164,139
- Other debts +€51,364
up €51,364 (+106%), from €48,254 to €99,618
- Tax, wage and social debts +€8,003
up €8,003 (+22.3%), from €35,880 to €43,883
of which Remuneration and social security: +€8,998
- Trade debts -€4,943
down €4,943 (-12.3%), from €40,309 to €35,366
- Staff costs +€34,895
up €34,895 (+31.1%), from €112,091 to €146,986
- Gross operating margin -€10,145
down €10,145 (-8.9%), from €113,963 to €103,818
- Other operating charges +€3,371
up €3,371 (+478%), from €706 to €4,077
- Depreciation +€1,339
up €1,339 (+35.8%), from €3,743 to €5,082
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 | €19,024 | €19,728 | +€704 | +3.7% |
| Fixed assets | 21/28 | €8,753 | €10,261 | +€1,508 | +17.2% |
| Tangible fixed assets | 22/27 | €8,753 | €10,261 | +€1,508 | +17.2% |
| Plant, machinery and equipment | 23 | €5,092 | €2,119 | -€2,973 | -58.4% |
| Furniture and vehicles | 24 | €1,671 | €6,444 | +€4,774 | +286% |
| Other tangible fixed assets | 26 | €1,990 | €1,698 | -€293 | -14.7% |
| Current assets | 29/58 | €10,271 | €9,467 | -€804 | -7.8% |
| Stocks and contracts in progress | 3 | €8,600 | €8,676 | +€76 | +0.9% |
| Stocks | 30/36 | €8,600 | €8,676 | +€76 | +0.9% |
| Amounts receivable within one year | 40/41 | €12 | €12 | = | 0.0% |
| Other amounts receivable | 41 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,659 | €779 | -€880 | -53.0% |
| Total equity and liabilities | 10/49 | €19,024 | €19,728 | +€704 | +3.7% |
| Equity | 10/15 | -€105,419 | -€159,139 | -€53,720 | -51.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,419 | -€164,139 | -€53,720 | -48.7% |
| Amounts payable | 17/49 | €124,443 | €178,867 | +€54,424 | +43.7% |
| Amounts payable within one year | 42/48 | €124,443 | €178,867 | +€54,424 | +43.7% |
| Trade debts | 44 | €40,309 | €35,366 | -€4,943 | -12.3% |
| Suppliers | 440/4 | €40,309 | €35,366 | -€4,943 | -12.3% |
| Taxes, remuneration and social security | 45 | €35,880 | €43,883 | +€8,003 | +22.3% |
| Taxes | 450/3 | €12,369 | €11,374 | -€995 | -8.0% |
| Remuneration and social security | 454/9 | €23,511 | €32,509 | +€8,998 | +38.3% |
| Other amounts payable | 47/48 | €48,254 | €99,618 | +€51,364 | +106% |
| Remuneration, social security and pensions | 62 | €112,091 | €146,986 | +€34,895 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,743 | €5,082 | +€1,339 | +35.8% |
| Other operating charges | 640/8 | €706 | €4,077 | +€3,371 | +478% |
| Gross operating margin | 9900 | €113,963 | €103,818 | -€10,145 | -8.9% |
| Operating profit (loss) | 9901 | -€2,577 | -€52,327 | -€49,750 | -1,931% |
| Financial charges | 65/66B | €1,166 | €1,393 | +€228 | +19.5% |
| Recurring financial charges | 65 | €1,166 | €1,393 | +€228 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,743 | -€53,720 | -€49,978 | -1,335% |
| Profit (loss) for the period | 9904 | -€3,743 | -€53,720 | -€49,978 | -1,335% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,743 | -€53,720 | -€49,978 | -1,335% |
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 22 October 2026 via checked.be.