MG CONCEPT SERVICES: 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 CONCEPT SERVICES
Largest movements
- Tangible fixed assets -€66,598
down €66,598 (-42.0%), from €158,679 to €92,081
of which Plant, machinery and equipment: -€34,165
- Receivables within one year +€44,307
up €44,307 (+109%), from €40,688 to €84,995
of which Trade receivables: +€30,114
- Cash -€15,373
down €15,373 (-29.4%), from €52,262 to €36,889
mainly Trade debts (-€46,471) and Receivables within one year (-€44,307)
- Trade debts -€46,471
down €46,471 (-78.4%), from €59,297 to €12,826
- Reserves +€10,160
up €10,160 (+13.6%), from €74,922 to €85,082
of which Distributable reserves: +€12,020
- Tax, wage and social debts -€3,722
down €3,722 (-78.6%), from €4,738 to €1,016
- Gross operating margin -€33,426
down €33,426 (-34.4%), from €97,070 to €63,644
- Depreciation +€17,029
up €17,029 (+62.4%), from €27,306 to €44,335
- Taxes -€14,753
down €14,753 (-76.8%), from €19,207 to €4,454
- Financial charges +€1,216
up €1,216 (+48.8%), from €2,492 to €3,708
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 | €252,169 | €215,613 | -€36,556 | -14.5% |
| Fixed assets | 21/28 | €158,679 | €93,131 | -€65,548 | -41.3% |
| Tangible fixed assets | 22/27 | €158,679 | €92,081 | -€66,598 | -42.0% |
| Plant, machinery and equipment | 23 | €92,243 | €58,078 | -€34,165 | -37.0% |
| Furniture and vehicles | 24 | €66,436 | €34,003 | -€32,433 | -48.8% |
| Financial fixed assets | 28 | - | €1,050 | +€1,050 | |
| Current assets | 29/58 | €93,490 | €122,482 | +€28,992 | +31.0% |
| Stocks and contracts in progress | 3 | €516 | €516 | = | 0.0% |
| Stocks | 30/36 | €516 | €516 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,688 | €84,995 | +€44,307 | +109% |
| Trade receivables | 40 | €19,475 | €49,589 | +€30,114 | +155% |
| Other amounts receivable | 41 | €21,213 | €35,406 | +€14,193 | +66.9% |
| Cash at bank and in hand | 54/58 | €52,262 | €36,889 | -€15,373 | -29.4% |
| Deferred charges and accrued income | 490/1 | €24 | €82 | +€58 | +242% |
| Total equity and liabilities | 10/49 | €252,169 | €215,613 | -€36,556 | -14.5% |
| Equity | 10/15 | €104,044 | €113,291 | +€9,247 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,922 | €85,082 | +€10,160 | +13.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €73,062 | €85,082 | +€12,020 | +16.5% |
| Profit (loss) carried forward | 14 | €16,722 | €15,809 | -€913 | -5.5% |
| Amounts payable | 17/49 | €148,125 | €102,322 | -€45,803 | -30.9% |
| Amounts payable after more than one year | 17 | €30,000 | €30,819 | +€819 | +2.7% |
| Financial debts | 170/4 | €30,000 | €30,819 | +€819 | +2.7% |
| Amounts payable within one year | 42/48 | €118,125 | €71,503 | -€46,622 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €32,626 | €34,328 | +€1,702 | +5.2% |
| Trade debts | 44 | €59,297 | €12,826 | -€46,471 | -78.4% |
| Suppliers | 440/4 | €59,297 | €12,826 | -€46,471 | -78.4% |
| Taxes, remuneration and social security | 45 | €4,738 | €1,016 | -€3,722 | -78.6% |
| Taxes | 450/3 | €4,738 | €1,016 | -€3,722 | -78.6% |
| Other amounts payable | 47/48 | €21,464 | €23,333 | +€1,869 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,306 | €44,335 | +€17,029 | +62.4% |
| Other operating charges | 640/8 | €686 | €1,203 | +€517 | +75.4% |
| Gross operating margin | 9900 | €97,070 | €63,644 | -€33,426 | -34.4% |
| Operating profit (loss) | 9901 | €69,078 | €18,106 | -€50,972 | -73.8% |
| Financial income | 75/76B | - | €216 | +€216 | |
| Recurring financial income | 75 | - | €216 | +€216 | |
| Financial charges | 65/66B | €2,492 | €3,708 | +€1,216 | +48.8% |
| Recurring financial charges | 65 | €2,492 | €3,708 | +€1,216 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €66,586 | €14,614 | -€51,972 | -78.1% |
| Income taxes | 67/77 | €19,207 | €4,454 | -€14,753 | -76.8% |
| Profit (loss) for the period | 9904 | €47,379 | €10,160 | -€37,219 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,379 | €10,160 | -€37,219 | -78.6% |
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 17 October 2026 via checked.be.