MG & CO: 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 & CO
Largest movements
- Receivables within one year -€165,187
down €165,187 (-41.0%), from €402,822 to €237,635
of which Other amounts receivable: -€201,614
- Cash +€109,654
up €109,654 (+112%), from €97,837 to €207,491
mainly Receivables within one year (+€165,187) and Net result for the year (+€133,792)
- Other debts -€200,000
down €200,000 (-40.3%), from €496,796 to €296,796
- Profit (loss) carried forward +€133,792
up €133,792 (+8.9%), from €1.5m to €1.6m
- Financial income -€30,814
down €30,814 (-55.6%), from €55,443 to €24,629
- Depreciation +€22,288
up €22,288 (+582%), from €3,829 to €26,117
- Financial charges -€16,628
down €16,628 (-58.1%), from €28,624 to €11,996
of which Financial charges: -€8,551
- Taxes -€12,463
down €12,463 (-21.1%), from €59,039 to €46,576
- Gross operating margin +€10,519
up €10,519 (+5.6%), from €186,396 to €196,915
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 | €6,982,397 | €6,905,856 | -€76,541 | -1.1% |
| Fixed assets | 21/28 | €5,826,540 | €5,800,423 | -€26,117 | -0.4% |
| Tangible fixed assets | 22/27 | €127,629 | €101,512 | -€26,117 | -20.5% |
| Furniture and vehicles | 24 | €125,066 | €99,207 | -€25,859 | -20.7% |
| Other tangible fixed assets | 26 | €2,563 | €2,305 | -€258 | -10.1% |
| Financial fixed assets | 28 | €5,698,911 | €5,698,911 | = | 0.0% |
| Current assets | 29/58 | €1,155,857 | €1,105,433 | -€50,424 | -4.4% |
| Amounts receivable within one year | 40/41 | €402,822 | €237,635 | -€165,187 | -41.0% |
| Trade receivables | 40 | €1,208 | €37,635 | +€36,427 | +3,015% |
| Other amounts receivable | 41 | €401,614 | €200,000 | -€201,614 | -50.2% |
| Current investments | 50/53 | €646,761 | €658,386 | +€11,625 | +1.8% |
| Cash at bank and in hand | 54/58 | €97,837 | €207,491 | +€109,654 | +112% |
| Deferred charges and accrued income | 490/1 | €8,437 | €1,921 | -€6,516 | -77.2% |
| Total equity and liabilities | 10/49 | €6,982,397 | €6,905,856 | -€76,541 | -1.1% |
| Equity | 10/15 | €3,568,474 | €3,702,266 | +€133,792 | +3.7% |
| Contributions | 10/11 | €840,400 | €840,400 | = | 0.0% |
| Capital | 10 | €840,400 | €840,400 | = | 0.0% |
| Issued capital | 100 | €840,400 | €840,400 | = | 0.0% |
| Reserves | 13 | €1,224,750 | €1,224,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €84,040 | €84,040 | = | 0.0% |
| Legal reserve | 130 | €84,040 | €84,040 | = | 0.0% |
| Tax-exempt reserves | 132 | €190,710 | €190,710 | = | 0.0% |
| Distributable reserves | 133 | €950,000 | €950,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,503,324 | €1,637,116 | +€133,792 | +8.9% |
| Amounts payable | 17/49 | €3,413,923 | €3,203,590 | -€210,333 | -6.2% |
| Amounts payable after more than one year | 17 | €2,864,481 | €2,843,984 | -€20,497 | -0.7% |
| Other amounts payable | 178/9 | €2,864,481 | €2,843,984 | -€20,497 | -0.7% |
| Amounts payable within one year | 42/48 | €548,212 | €359,547 | -€188,665 | -34.4% |
| Financial debts | 43 | €29,632 | €29,583 | -€49 | -0.2% |
| Credit institutions | 430/8 | €29,632 | €29,583 | -€49 | -0.2% |
| Trade debts | 44 | €11,184 | €4,069 | -€7,115 | -63.6% |
| Suppliers | 440/4 | €11,184 | €4,069 | -€7,115 | -63.6% |
| Taxes, remuneration and social security | 45 | €10,600 | €29,099 | +€18,499 | +175% |
| Taxes | 450/3 | €10,600 | €29,099 | +€18,499 | +175% |
| Other amounts payable | 47/48 | €496,796 | €296,796 | -€200,000 | -40.3% |
| Accrued charges and deferred income | 492/3 | €1,230 | €59 | -€1,171 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,829 | €26,117 | +€22,288 | +582% |
| Other operating charges | 640/8 | €3,846 | €3,063 | -€783 | -20.4% |
| Gross operating margin | 9900 | €186,396 | €196,915 | +€10,519 | +5.6% |
| Operating profit (loss) | 9901 | €178,721 | €167,735 | -€10,986 | -6.1% |
| Financial income | 75/76B | €55,443 | €24,629 | -€30,814 | -55.6% |
| Recurring financial income | 75 | €55,443 | €24,629 | -€30,814 | -55.6% |
| Financial charges | 65/66B | €28,624 | €11,996 | -€16,628 | -58.1% |
| Recurring financial charges | 65 | €20,547 | €11,996 | -€8,551 | -41.6% |
| Non-recurring financial charges | 66B | €8,077 | - | -€8,077 | |
| Profit (loss) for the period before taxes | 9903 | €205,540 | €180,368 | -€25,172 | -12.2% |
| Income taxes | 67/77 | €59,039 | €46,576 | -€12,463 | -21.1% |
| Profit (loss) for the period | 9904 | €146,501 | €133,792 | -€12,709 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €146,501 | €133,792 | -€12,709 | -8.7% |
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 24 October 2026 via checked.be.