MG CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Stocks and contracts +€57,421
up €57,421 (+48.2%), from €119,157 to €176,578
- Receivables within one year -€29,072
down €29,072 (-37.4%), from €77,644 to €48,573
of which Trade receivables: -€36,549
- Intangible fixed assets -€24,200
down €24,200 (-50.0%), from €48,400 to €24,200
- Cash +€18,759
up €18,759 (+197.4%), from €9,502 to €28,262
mainly Trade debts (+€162,508) and Receivables within one year (+€29,072)
- Tangible fixed assets +€15,815
new in 2025: €15,815
- Trade debts +€162,508
up €162,508 (+3028.8%), from €5,365 to €167,873
- Advances received -€65,198
no longer reported in 2025 (was €65,198)
- Debts after one year -€29,394
no longer reported in 2025 (was €29,394)
- Tax, wage and social debts -€20,835
down €20,835 (-89.1%), from €23,383 to €2,548
of which Remuneration and social security: -€15,187
- Other debts -€19,331
down €19,331 (-33.4%), from €57,897 to €38,566
- Gross operating margin -€15,397
down €15,397 (-17.8%), from €86,386 to €70,989
- Staff costs +€3,974
up €3,974 (+12.5%), from €31,737 to €35,711
- Financial charges -€2,024
down €2,024 (-43.4%), from €4,667 to €2,643
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 | €254,704 | €293,427 | +€38,723 | +15.2% |
| Fixed assets | 21/28 | €48,400 | €40,015 | -€8,385 | -17.3% |
| Intangible fixed assets | 21 | €48,400 | €24,200 | -€24,200 | -50.0% |
| Tangible fixed assets | 22/27 | - | €15,815 | +€15,815 | |
| Plant, machinery and equipment | 23 | - | €15,815 | +€15,815 | |
| Current assets | 29/58 | €206,304 | €253,412 | +€47,108 | +22.8% |
| Stocks and contracts in progress | 3 | €119,157 | €176,578 | +€57,421 | +48.2% |
| Stocks | 30/36 | €119,157 | €176,578 | +€57,421 | +48.2% |
| Amounts receivable within one year | 40/41 | €77,644 | €48,573 | -€29,072 | -37.4% |
| Trade receivables | 40 | €67,644 | €31,096 | -€36,549 | -54.0% |
| Other amounts receivable | 41 | €10,000 | €17,477 | +€7,477 | +74.8% |
| Cash at bank and in hand | 54/58 | €9,502 | €28,262 | +€18,759 | +197.4% |
| Total equity and liabilities | 10/49 | €254,704 | €293,427 | +€38,723 | +15.2% |
| Equity | 10/15 | €49,063 | €55,046 | +€5,983 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,603 | €19,586 | +€5,983 | +44.0% |
| Amounts payable | 17/49 | €205,642 | €238,381 | +€32,740 | +15.9% |
| Amounts payable after more than one year | 17 | €29,394 | - | -€29,394 | |
| Financial debts | 170/4 | €29,394 | - | -€29,394 | |
| Amounts payable within one year | 42/48 | €176,248 | €238,381 | +€62,133 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €24,404 | €29,394 | +€4,990 | +20.4% |
| Trade debts | 44 | €5,365 | €167,873 | +€162,508 | +3028.8% |
| Suppliers | 440/4 | €5,365 | €167,873 | +€162,508 | +3028.8% |
| Advances received on contracts in progress | 46 | €65,198 | - | -€65,198 | |
| Taxes, remuneration and social security | 45 | €23,383 | €2,548 | -€20,835 | -89.1% |
| Taxes | 450/3 | €5,648 | - | -€5,648 | |
| Remuneration and social security | 454/9 | €17,735 | €2,548 | -€15,187 | -85.6% |
| Other amounts payable | 47/48 | €57,897 | €38,566 | -€19,331 | -33.4% |
| Remuneration, social security and pensions | 62 | €31,737 | €35,711 | +€3,974 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,052 | €25,175 | +€123 | +0.5% |
| Other operating charges | 640/8 | €2,172 | €1,854 | -€319 | -14.7% |
| Non-recurring operating charges | 66A | €34,273 | - | -€34,273 | |
| Gross operating margin | 9900 | €86,386 | €70,989 | -€15,397 | -17.8% |
| Operating profit (loss) | 9901 | -€6,849 | €8,249 | +€15,098 | |
| Financial income | 75/76B | - | €812 | +€812 | |
| Recurring financial income | 75 | - | €812 | +€812 | |
| Financial charges | 65/66B | €4,667 | €2,643 | -€2,024 | -43.4% |
| Recurring financial charges | 65 | €4,667 | €2,643 | -€2,024 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,515 | €6,418 | +€17,933 | |
| Income taxes | 67/77 | €435 | €435 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€11,950 | €5,983 | +€17,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,950 | €5,983 | +€17,933 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.