MG CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year -€236,250
down €236,250 (-58.2%), from €405,726 to €169,476
of which Trade receivables: -€260,309
- Cash +€73,329
up €73,329 (+31.9%), from €230,224 to €303,553
mainly Receivables within one year (+€236,250) and Net result for the year (+€217,842)
- Stocks and contracts +€52,500
up €52,500 (+108%), from €48,500 to €101,000
of which Contracts in progress: +€52,500
- Other debts -€58,526
down €58,526 (-16.1%), from €364,332 to €305,807
- Trade debts -€38,981
down €38,981 (-14.2%), from €275,183 to €236,202
- Debts after one year -€29,199
down €29,199 (-48.2%), from €60,565 to €31,366
- Reserves +€17,842
up €17,842 (+18.4%), from €97,133 to €114,975
- Tax, wage and social debts -€13,845
down €13,845 (-58.9%), from €23,494 to €9,649
of which Taxes: -€16,426
- Gross operating margin -€137,915
down €137,915 (-24.2%), from €569,180 to €431,265
- Taxes -€42,568
down €42,568 (-38.8%), from €109,732 to €67,164
- Staff costs +€22,971
up €22,971 (+39.2%), from €58,596 to €81,567
- Depreciation +€11,279
up €11,279 (+24.8%), from €45,453 to €56,733
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 | €868,128 | €745,798 | -€122,330 | -14.1% |
| Fixed assets | 21/28 | €163,206 | €156,455 | -€6,751 | -4.1% |
| Tangible fixed assets | 22/27 | €161,751 | €155,000 | -€6,751 | -4.2% |
| Plant, machinery and equipment | 23 | €68,287 | €62,631 | -€5,656 | -8.3% |
| Furniture and vehicles | 24 | €93,464 | €92,368 | -€1,096 | -1.2% |
| Financial fixed assets | 28 | €1,455 | €1,455 | = | 0.0% |
| Current assets | 29/58 | €704,922 | €589,343 | -€115,578 | -16.4% |
| Stocks and contracts in progress | 3 | €48,500 | €101,000 | +€52,500 | +108% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Contracts in progress | 37 | €41,000 | €93,500 | +€52,500 | +128% |
| Amounts receivable within one year | 40/41 | €405,726 | €169,476 | -€236,250 | -58.2% |
| Trade receivables | 40 | €398,482 | €138,173 | -€260,309 | -65.3% |
| Other amounts receivable | 41 | €7,244 | €31,303 | +€24,059 | +332% |
| Cash at bank and in hand | 54/58 | €230,224 | €303,553 | +€73,329 | +31.9% |
| Deferred charges and accrued income | 490/1 | €20,472 | €15,314 | -€5,157 | -25.2% |
| Total equity and liabilities | 10/49 | €868,128 | €745,798 | -€122,330 | -14.1% |
| Equity | 10/15 | €115,733 | €133,575 | +€17,842 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €97,133 | €114,975 | +€17,842 | +18.4% |
| Distributable reserves | 133 | €97,133 | €114,975 | +€17,842 | +18.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €752,395 | €612,223 | -€140,172 | -18.6% |
| Amounts payable after more than one year | 17 | €60,565 | €31,366 | -€29,199 | -48.2% |
| Financial debts | 170/4 | €60,565 | €31,366 | -€29,199 | -48.2% |
| Amounts payable within one year | 42/48 | €691,830 | €580,857 | -€110,973 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €28,820 | €29,199 | +€379 | +1.3% |
| Trade debts | 44 | €275,183 | €236,202 | -€38,981 | -14.2% |
| Suppliers | 440/4 | €275,183 | €236,202 | -€38,981 | -14.2% |
| Taxes, remuneration and social security | 45 | €23,494 | €9,649 | -€13,845 | -58.9% |
| Taxes | 450/3 | €19,300 | €2,874 | -€16,426 | -85.1% |
| Remuneration and social security | 454/9 | €4,194 | €6,774 | +€2,581 | +61.5% |
| Other amounts payable | 47/48 | €364,332 | €305,807 | -€58,526 | -16.1% |
| Non-recurring operating income | 76A | - | €6,612 | +€6,612 | |
| Remuneration, social security and pensions | 62 | €58,596 | €81,567 | +€22,971 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,453 | €56,733 | +€11,279 | +24.8% |
| Other operating charges | 640/8 | €2,887 | €3,292 | +€405 | +14.0% |
| Gross operating margin | 9900 | €569,180 | €431,265 | -€137,915 | -24.2% |
| Operating profit (loss) | 9901 | €462,243 | €289,673 | -€172,570 | -37.3% |
| Financial income | 75/76B | €487 | €844 | +€357 | +73.4% |
| Recurring financial income | 75 | €487 | €844 | +€357 | +73.4% |
| Financial charges | 65/66B | €2,468 | €5,511 | +€3,043 | +123% |
| Recurring financial charges | 65 | €2,468 | €5,511 | +€3,043 | +123% |
| Profit (loss) for the period before taxes | 9903 | €460,262 | €285,006 | -€175,256 | -38.1% |
| Income taxes | 67/77 | €109,732 | €67,164 | -€42,568 | -38.8% |
| Profit (loss) for the period | 9904 | €350,530 | €217,842 | -€132,688 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €350,530 | €217,842 | -€132,688 | -37.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.