MG COMPANY: what changed
MG COMPANY
Largest movements
- Cash +€279,681
up €279,681 (+660%), from €42,374 to €322,055
mainly Net result for the year (+€221,125) and Trade debts (+€23,265)
- Receivables within one year +€17,297
up €17,297 (+53.0%), from €32,648 to €49,944
of which Trade receivables: +€30,123
- Reserves +€221,125
up €221,125 (+25.2%), from €878,648 to €1.1m
of which Distributable reserves: +€221,125
- Trade debts +€23,265
up €23,265 (+758%), from €3,069 to €26,334
- Tax, wage and social debts +€20,621
up €20,621 (+59.1%), from €34,912 to €55,533
of which Taxes: +€20,621
- Other debts +€13,425
new in 2025: €13,425
- Gross operating margin +€50,456
up €50,456 (+17.7%), from €285,641 to €336,097
- Taxes +€20,633
up €20,633 (+24.3%), from €85,055 to €105,688
- Other operating charges -€12,114
down €12,114 (-84.0%), from €14,415 to €2,300
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €917,056 | €1,195,065 | +€278,009 | +30.3% |
| Fixed assets | 21/28 | €13,969 | €7,766 | -€6,203 | -44.4% |
| Tangible fixed assets | 22/27 | €13,969 | €7,766 | -€6,203 | -44.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €10,820 | €5,901 | -€4,919 | -45.5% |
| Furniture and vehicles | 24 | €3,149 | €1,864 | -€1,284 | -40.8% |
| Current assets | 29/58 | €903,088 | €1,187,300 | +€284,212 | +31.5% |
| Stocks and contracts in progress | 3 | €18,912 | €9,000 | -€9,912 | -52.4% |
| Stocks | 30/36 | €18,912 | €9,000 | -€9,912 | -52.4% |
| Amounts receivable within one year | 40/41 | €32,648 | €49,944 | +€17,297 | +53.0% |
| Trade receivables | 40 | €19,821 | €49,944 | +€30,123 | +152% |
| Other amounts receivable | 41 | €12,826 | €0 | -€12,826 | -100% |
| Current investments | 50/53 | €805,000 | €805,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,374 | €322,055 | +€279,681 | +660% |
| Deferred charges and accrued income | 490/1 | €4,154 | €1,300 | -€2,854 | -68.7% |
| Total equity and liabilities | 10/49 | €917,056 | €1,195,065 | +€278,009 | +30.3% |
| Equity | 10/15 | €878,648 | €1,099,773 | +€221,125 | +25.2% |
| Reserves | 13 | €878,648 | €1,099,773 | +€221,125 | +25.2% |
| Tax-exempt reserves | 132 | €18,838 | €18,838 | = | 0.0% |
| Distributable reserves | 133 | €859,810 | €1,080,935 | +€221,125 | +25.7% |
| Amounts payable | 17/49 | €38,408 | €95,292 | +€56,884 | +148% |
| Amounts payable within one year | 42/48 | €37,981 | €95,292 | +€57,311 | +151% |
| Trade debts | 44 | €3,069 | €26,334 | +€23,265 | +758% |
| Suppliers | 440/4 | €3,069 | €26,334 | +€23,265 | +758% |
| Taxes, remuneration and social security | 45 | €34,912 | €55,533 | +€20,621 | +59.1% |
| Taxes | 450/3 | €34,912 | €55,533 | +€20,621 | +59.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €13,425 | +€13,425 | |
| Accrued charges and deferred income | 492/3 | €428 | €0 | -€428 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,174 | €7,323 | +€150 | +2.1% |
| Other operating charges | 640/8 | €14,415 | €2,300 | -€12,114 | -84.0% |
| Gross operating margin | 9900 | €285,641 | €336,097 | +€50,456 | +17.7% |
| Operating profit (loss) | 9901 | €264,053 | €326,473 | +€62,421 | +23.6% |
| Financial income | 75/76B | €589 | €817 | +€228 | +38.7% |
| Recurring financial income | 75 | €589 | €817 | +€228 | +38.7% |
| Financial charges | 65/66B | €2,588 | €477 | -€2,111 | -81.6% |
| Recurring financial charges | 65 | €2,588 | €477 | -€2,111 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €262,053 | €326,813 | +€64,759 | +24.7% |
| Income taxes | 67/77 | €85,055 | €105,688 | +€20,633 | +24.3% |
| Profit (loss) for the period | 9904 | €176,999 | €221,125 | +€44,127 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €176,999 | €221,125 | +€44,127 | +24.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.