MG Construction: 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 Construction
Largest movements
- Cash +€304,718
up €304,718 (+367%), from €83,020 to €387,738
mainly Net result for the year (+€202,267) and Tax, wage and social debts (+€155,346)
- Receivables within one year +€84,415
up €84,415 (+10.9%), from €774,281 to €858,697
of which Other amounts receivable: +€424,189
- Profit (loss) carried forward +€202,267
up €202,267 (+43.1%), from €469,239 to €671,506
- Tax, wage and social debts +€155,346
up €155,346 (+57.3%), from €271,173 to €426,519
of which Taxes: +€125,736
- Trade debts +€34,123
up €34,123 (+57.0%), from €59,851 to €93,974
- Staff costs +€234,405
up €234,405 (+53.8%), from €435,414 to €669,819
- Taxes -€33,009
down €33,009 (-20.9%), from €158,264 to €125,256
- Gross operating margin +€32,491
up €32,491 (+3.4%), from €949,508 to €981,999
- Financial income +€20,134
up €20,134 (+1,353%), from €1,488 to €21,622
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 | €867,912 | €1,259,648 | +€391,736 | +45.1% |
| Fixed assets | 21/28 | €10,610 | €13,213 | +€2,603 | +24.5% |
| Tangible fixed assets | 22/27 | €10,550 | €13,153 | +€2,603 | +24.7% |
| Furniture and vehicles | 24 | €10,550 | €13,153 | +€2,603 | +24.7% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €857,302 | €1,246,435 | +€389,133 | +45.4% |
| Amounts receivable within one year | 40/41 | €774,281 | €858,697 | +€84,415 | +10.9% |
| Trade receivables | 40 | €484,917 | €145,143 | -€339,774 | -70.1% |
| Other amounts receivable | 41 | €289,365 | €713,554 | +€424,189 | +147% |
| Cash at bank and in hand | 54/58 | €83,020 | €387,738 | +€304,718 | +367% |
| Total equity and liabilities | 10/49 | €867,912 | €1,259,648 | +€391,736 | +45.1% |
| Equity | 10/15 | €536,889 | €739,156 | +€202,267 | +37.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €469,239 | €671,506 | +€202,267 | +43.1% |
| Amounts payable | 17/49 | €331,023 | €520,493 | +€189,469 | +57.2% |
| Amounts payable within one year | 42/48 | €331,023 | €520,493 | +€189,469 | +57.2% |
| Trade debts | 44 | €59,851 | €93,974 | +€34,123 | +57.0% |
| Suppliers | 440/4 | €59,851 | €93,974 | +€34,123 | +57.0% |
| Taxes, remuneration and social security | 45 | €271,173 | €426,519 | +€155,346 | +57.3% |
| Taxes | 450/3 | €233,188 | €358,924 | +€125,736 | +53.9% |
| Remuneration and social security | 454/9 | €37,985 | €67,595 | +€29,610 | +78.0% |
| Remuneration, social security and pensions | 62 | €435,414 | €669,819 | +€234,405 | +53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €5,458 | +€3,633 | +199% |
| Other operating charges | 640/8 | €281 | €288 | +€7 | +2.6% |
| Gross operating margin | 9900 | €949,508 | €981,999 | +€32,491 | +3.4% |
| Operating profit (loss) | 9901 | €511,989 | €306,435 | -€205,555 | -40.1% |
| Financial income | 75/76B | €1,488 | €21,622 | +€20,134 | +1,353% |
| Recurring financial income | 75 | €1,488 | €21,622 | +€20,134 | +1,353% |
| Financial charges | 65/66B | €414 | €533 | +€120 | +28.9% |
| Recurring financial charges | 65 | €414 | €533 | +€120 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €513,063 | €327,523 | -€185,540 | -36.2% |
| Income taxes | 67/77 | €158,264 | €125,256 | -€33,009 | -20.9% |
| Profit (loss) for the period | 9904 | €354,799 | €202,267 | -€152,531 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €354,799 | €202,267 | -€152,531 | -43.0% |
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.