MG CONSULTANCE: 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.
What changed
MG CONSULTANCE
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€156,555
2024 · €195,625-€39,070
Equity
€567,918
2024 · €499,669+€68,249
Cash
€57,160
2024 · €55,055+€2,105
Balance sheet total
€904,077
2024 · €769,858+€134,220
Largest movements
Assets
- Receivables within one year +€115,507
up €115,507 (+36.8%), from €313,684 to €429,191
of which Other amounts receivable: +€93,042
- Stocks and contracts +€16,706
new in 2025: €16,706
Equity and liabilities
- Other debts +€88,306
up €88,306, from €0 to €88,306
- Reserves +€68,249
up €68,249 (+13.8%), from €493,469 to €561,718
- Debts after one year -€41,341
down €41,341 (-22.5%), from €183,602 to €142,260
- Tax, wage and social debts +€18,018
up €18,018 (+65.1%), from €27,679 to €45,698
of which Taxes: +€18,342
Income statement
- Gross operating margin -€44,982
down €44,982 (-24.6%), from €182,671 to €137,689
- Taxes -€17,708
down €17,708 (-29.2%), from €60,604 to €42,896
- Financial income -€9,183
down €9,183 (-9.0%), from €102,310 to €93,127
- Staff costs +€2,106
up €2,106 (+80.2%), from €2,625 to €4,730
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.
Result 2024
€195,625
Gross operating margin
-€44,982
Staff costs
-€2,106
Depreciation
+€36
Write-downs
-€349
Other operating charges
-€1,080
Other operating items
-€197
Financial income
-€9,183
Financial charges
+€1,082
Taxes
+€17,708
Result 2025
€156,555
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€134,043
Investment
-€3,459
Financing
-€128,480
Cash 2024
€55,055
From operations (derived)
+€134,043
Net result for the year
+€156,555
Depreciation
+€4,636
Stocks and contracts
-€16,706
Receivables within one year
-€115,507
Deferred charges and accrued income
-€1,079
Smaller working-capital items
-€181
Tax, wage and social debts
+€18,018
Other debts
+€88,306
Investment (derived)
-€3,459
Investment in fixed assets (net)
-€3,459
Financing
-€128,480
Debts after one year
-€41,341
Current portion of long-term debt
+€1,197
Short-term financial debts
-€29
Contributions, distributions and other
-€88,306
Cash 2025
€57,160
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €769,858 | €904,077 | +€134,220 | +17.4% |
| Fixed assets | 21/28 | €394,735 | €393,557 | -€1,177 | -0.3% |
| Tangible fixed assets | 22/27 | €298,022 | €296,844 | -€1,177 | -0.4% |
| Land and buildings | 22 | €296,105 | €293,712 | -€2,393 | -0.8% |
| Furniture and vehicles | 24 | €1,916 | €3,132 | +€1,215 | +63.4% |
| Financial fixed assets | 28 | €96,713 | €96,713 | = | 0.0% |
| Current assets | 29/58 | €375,123 | €510,520 | +€135,397 | +36.1% |
| Stocks and contracts in progress | 3 | - | €16,706 | +€16,706 | |
| Stocks | 30/36 | - | €16,706 | +€16,706 | |
| Amounts receivable within one year | 40/41 | €313,684 | €429,191 | +€115,507 | +36.8% |
| Trade receivables | 40 | €11,405 | €33,870 | +€22,465 | +197% |
| Other amounts receivable | 41 | €302,279 | €395,321 | +€93,042 | +30.8% |
| Cash at bank and in hand | 54/58 | €55,055 | €57,160 | +€2,105 | +3.8% |
| Deferred charges and accrued income | 490/1 | €6,384 | €7,463 | +€1,079 | +16.9% |
| Total equity and liabilities | 10/49 | €769,858 | €904,077 | +€134,220 | +17.4% |
| Equity | 10/15 | €499,669 | €567,918 | +€68,249 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €493,469 | €561,718 | +€68,249 | +13.8% |
| Distributable reserves | 133 | €493,469 | €561,718 | +€68,249 | +13.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €270,188 | €336,159 | +€65,971 | +24.4% |
| Amounts payable after more than one year | 17 | €183,602 | €142,260 | -€41,341 | -22.5% |
| Financial debts | 170/4 | €183,602 | €142,260 | -€41,341 | -22.5% |
| Amounts payable within one year | 42/48 | €85,857 | €193,286 | +€107,429 | +125% |
| Current portion of amounts payable after more than one year | 42 | €43,540 | €44,736 | +€1,197 | +2.7% |
| Financial debts | 43 | €8,454 | €8,426 | -€29 | -0.3% |
| Credit institutions | 430/8 | €8,454 | €8,426 | -€29 | -0.3% |
| Trade debts | 44 | €6,184 | €6,121 | -€63 | -1.0% |
| Suppliers | 440/4 | €6,184 | €6,121 | -€63 | -1.0% |
| Taxes, remuneration and social security | 45 | €27,679 | €45,698 | +€18,018 | +65.1% |
| Taxes | 450/3 | €27,355 | €45,698 | +€18,342 | +67.1% |
| Remuneration and social security | 454/9 | €324 | €0 | -€324 | -100% |
| Other amounts payable | 47/48 | €0 | €88,306 | +€88,306 | |
| Accrued charges and deferred income | 492/3 | €730 | €612 | -€117 | -16.1% |
| Non-recurring operating income | 76A | - | €155 | +€155 | |
| Remuneration, social security and pensions | 62 | €2,625 | €4,730 | +€2,106 | +80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,672 | €4,636 | -€36 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €349 | +€349 | |
| Other operating charges | 640/8 | €6,194 | €7,273 | +€1,080 | +17.4% |
| Non-recurring operating charges | 66A | - | €197 | +€197 | |
| Gross operating margin | 9900 | €182,671 | €137,689 | -€44,982 | -24.6% |
| Operating profit (loss) | 9901 | €169,180 | €120,503 | -€48,678 | -28.8% |
| Financial income | 75/76B | €102,310 | €93,127 | -€9,183 | -9.0% |
| Recurring financial income | 75 | €102,310 | €93,127 | -€9,183 | -9.0% |
| Financial charges | 65/66B | €15,261 | €14,178 | -€1,082 | -7.1% |
| Recurring financial charges | 65 | €15,261 | €14,178 | -€1,082 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €256,229 | €199,451 | -€56,778 | -22.2% |
| Income taxes | 67/77 | €60,604 | €42,896 | -€17,708 | -29.2% |
| Profit (loss) for the period | 9904 | €195,625 | €156,555 | -€39,070 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €195,625 | €156,555 | -€39,070 | -20.0% |
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 17 October 2026 via checked.be.