MG CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets +€555,809
up €555,809 (+10,547%), from €5,270 to €561,078
of which Land and buildings: +€554,765
- Cash -€63,131
down €63,131 (-29.0%), from €217,468 to €154,337
mainly Investment in fixed assets (net) (-€607,389) and Receivables within one year (-€16,691)
- Receivables within one year +€16,691
new in 2025: €16,691
- Debts after one year +€396,486
up €396,486 (+2,189%), from €18,112 to €414,598
- Reserves +€80,187
up €80,187 (+58.8%), from €136,457 to €216,644
- Tax, wage and social debts +€24,106
up €24,106 (+44.4%), from €54,338 to €78,444
of which Taxes: +€24,158
- Current portion of long-term debt +€11,285
up €11,285 (+162%), from €6,962 to €18,247
- Depreciation +€51,289
up €51,289 (+17,606%), from €291 to €51,580
- Gross operating margin -€38,984
down €38,984 (-18.5%), from €210,498 to €171,514
- Other operating charges -€21,785
down €21,785 (-82.6%), from €26,360 to €4,575
- Taxes -€20,723
down €20,723 (-48.8%), from €42,503 to €21,780
- Financial charges +€8,504
up €8,504 (+174%), from €4,887 to €13,391
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 | €222,738 | €735,424 | +€512,686 | +230% |
| Fixed assets | 21/28 | €5,270 | €561,078 | +€555,809 | +10,547% |
| Tangible fixed assets | 22/27 | €5,270 | €561,078 | +€555,809 | +10,547% |
| Land and buildings | 22 | - | €554,765 | +€554,765 | |
| Plant, machinery and equipment | 23 | - | €2,886 | +€2,886 | |
| Furniture and vehicles | 24 | €5,270 | €3,427 | -€1,843 | -35.0% |
| Current assets | 29/58 | €217,468 | €174,345 | -€43,123 | -19.8% |
| Amounts receivable within one year | 40/41 | - | €16,691 | +€16,691 | |
| Trade receivables | 40 | - | €16,691 | +€16,691 | |
| Cash at bank and in hand | 54/58 | €217,468 | €154,337 | -€63,131 | -29.0% |
| Deferred charges and accrued income | 490/1 | - | €3,318 | +€3,318 | |
| Total equity and liabilities | 10/49 | €222,738 | €735,424 | +€512,686 | +230% |
| Equity | 10/15 | €140,457 | €220,644 | +€80,187 | +57.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €136,457 | €216,644 | +€80,187 | +58.8% |
| Distributable reserves | 133 | €136,457 | €216,644 | +€80,187 | +58.8% |
| Amounts payable | 17/49 | €82,281 | €514,780 | +€432,499 | +526% |
| Amounts payable after more than one year | 17 | €18,112 | €414,598 | +€396,486 | +2,189% |
| Financial debts | 170/4 | €18,112 | €414,598 | +€396,486 | +2,189% |
| Amounts payable within one year | 42/48 | €63,103 | €98,215 | +€35,112 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | €6,962 | €18,247 | +€11,285 | +162% |
| Trade debts | 44 | €1,166 | €605 | -€561 | -48.1% |
| Suppliers | 440/4 | €1,166 | €605 | -€561 | -48.1% |
| Taxes, remuneration and social security | 45 | €54,338 | €78,444 | +€24,106 | +44.4% |
| Taxes | 450/3 | €52,809 | €76,967 | +€24,158 | +45.7% |
| Remuneration and social security | 454/9 | €1,529 | €1,477 | -€52 | -3.4% |
| Other amounts payable | 47/48 | €638 | €919 | +€281 | +44.1% |
| Accrued charges and deferred income | 492/3 | €1,066 | €1,967 | +€901 | +84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | €51,580 | +€51,289 | +17,606% |
| Other operating charges | 640/8 | €26,360 | €4,575 | -€21,785 | -82.6% |
| Gross operating margin | 9900 | €210,498 | €171,514 | -€38,984 | -18.5% |
| Operating profit (loss) | 9901 | €183,847 | €115,358 | -€68,488 | -37.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,887 | €13,391 | +€8,504 | +174% |
| Recurring financial charges | 65 | €4,887 | €13,391 | +€8,504 | +174% |
| Profit (loss) for the period before taxes | 9903 | €178,960 | €101,967 | -€76,993 | -43.0% |
| Income taxes | 67/77 | €42,503 | €21,780 | -€20,723 | -48.8% |
| Profit (loss) for the period | 9904 | €136,457 | €80,187 | -€56,270 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,457 | €80,187 | -€56,270 | -41.2% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.