MG CREATION: what changed
Two fiscal 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 CREATION
Largest movements
- Cash +€85,893
up €85,893 (+558.2%), from €15,387 to €101,280
mainly Net result for the year (+€65,439) and Tax, wage and social debts (+€53,678)
- Receivables within one year +€42,818
up €42,818 (+32.9%), from €130,265 to €173,083
of which Trade receivables: +€42,360
- Tangible fixed assets -€15,783
down €15,783 (-19.1%), from €82,737 to €66,955
of which Plant, machinery and equipment: -€14,427
- Deferred charges and accrued income -€12,512
down €12,512 (-95.4%), from €13,110 to €599
- Reserves +€60,000
up €60,000 (+181.8%), from €33,000 to €93,000
- Tax, wage and social debts +€53,678
up €53,678 (+1299.7%), from €4,130 to €57,808
of which Taxes: +€30,156
- Debts after one year -€17,685
down €17,685 (-61.3%), from €28,860 to €11,174
- Profit (loss) carried forward +€5,439
up €5,439 (+561.4%), from €969 to €6,408
- Trade debts -€4,843
down €4,843 (-3.2%), from €149,556 to €144,713
- Gross operating margin +€150,998
up €150,998 (+38.9%), from €388,231 to €539,229
- Staff costs +€91,645
up €91,645 (+28.1%), from €325,642 to €417,287
- Taxes +€30,156
new in 2025: €30,156
- Write-downs -€6,635
no longer reported in 2025 (was €6,635)
- Depreciation -€6,483
down €6,483 (-27.5%), from €23,564 to €17,082
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.
Cash bridge derived
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 | €264,953 | €366,870 | +€101,917 | +38.5% |
| Fixed assets | 21/28 | €82,787 | €68,505 | -€14,283 | -17.3% |
| Tangible fixed assets | 22/27 | €82,737 | €66,955 | -€15,783 | -19.1% |
| Plant, machinery and equipment | 23 | €78,116 | €63,689 | -€14,427 | -18.5% |
| Furniture and vehicles | 24 | €4,621 | €3,265 | -€1,356 | -29.3% |
| Financial fixed assets | 28 | €50 | €1,550 | +€1,500 | +3000.0% |
| Current assets | 29/58 | €182,165 | €298,365 | +€116,200 | +63.8% |
| Stocks and contracts in progress | 3 | €23,404 | €23,404 | = | 0.0% |
| Stocks | 30/36 | €23,404 | €23,404 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €130,265 | €173,083 | +€42,818 | +32.9% |
| Trade receivables | 40 | €119,791 | €162,152 | +€42,360 | +35.4% |
| Other amounts receivable | 41 | €10,473 | €10,931 | +€458 | +4.4% |
| Cash at bank and in hand | 54/58 | €15,387 | €101,280 | +€85,893 | +558.2% |
| Deferred charges and accrued income | 490/1 | €13,110 | €599 | -€12,512 | -95.4% |
| Total equity and liabilities | 10/49 | €264,953 | €366,870 | +€101,917 | +38.5% |
| Equity | 10/15 | €52,569 | €118,008 | +€65,439 | +124.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,000 | €93,000 | +€60,000 | +181.8% |
| Distributable reserves | 133 | €33,000 | €93,000 | +€60,000 | +181.8% |
| Profit (loss) carried forward | 14 | €969 | €6,408 | +€5,439 | +561.4% |
| Amounts payable | 17/49 | €212,384 | €248,862 | +€36,478 | +17.2% |
| Amounts payable after more than one year | 17 | €28,860 | €11,174 | -€17,685 | -61.3% |
| Financial debts | 170/4 | €28,860 | €11,174 | -€17,685 | -61.3% |
| Amounts payable within one year | 42/48 | €183,524 | €237,688 | +€54,164 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €21,457 | €22,983 | +€1,526 | +7.1% |
| Trade debts | 44 | €149,556 | €144,713 | -€4,843 | -3.2% |
| Suppliers | 440/4 | €149,556 | €144,713 | -€4,843 | -3.2% |
| Taxes, remuneration and social security | 45 | €4,130 | €57,808 | +€53,678 | +1299.7% |
| Taxes | 450/3 | - | €30,156 | +€30,156 | |
| Remuneration and social security | 454/9 | €4,130 | €27,652 | +€23,522 | +569.5% |
| Other amounts payable | 47/48 | €8,382 | €12,184 | +€3,802 | +45.4% |
| Remuneration, social security and pensions | 62 | €325,642 | €417,287 | +€91,645 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,564 | €17,082 | -€6,483 | -27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,635 | - | -€6,635 | |
| Other operating charges | 640/8 | €4,269 | €4,589 | +€321 | +7.5% |
| Non-recurring operating charges | 66A | €3,687 | - | -€3,687 | |
| Gross operating margin | 9900 | €388,231 | €539,229 | +€150,998 | +38.9% |
| Operating profit (loss) | 9901 | €24,433 | €100,270 | +€75,837 | +310.4% |
| Financial income | 75/76B | €1,660 | €2,251 | +€591 | +35.6% |
| Recurring financial income | 75 | €1,660 | €2,251 | +€591 | +35.6% |
| Financial charges | 65/66B | €3,175 | €6,926 | +€3,751 | +118.1% |
| Recurring financial charges | 65 | €3,175 | €6,926 | +€3,751 | +118.1% |
| Profit (loss) for the period before taxes | 9903 | €22,918 | €95,595 | +€72,677 | +317.1% |
| Income taxes | 67/77 | - | €30,156 | +€30,156 | |
| Profit (loss) for the period | 9904 | €22,918 | €65,439 | +€42,521 | +185.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,918 | €65,439 | +€42,521 | +185.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.