MG ELEC: 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 ELEC
Largest movements
- Receivables within one year +€36,043
up €36,043 (+100.3%), from €35,933 to €71,976
of which Other amounts receivable: +€26,747
- Cash -€1,098
down €1,098 (-96.2%), from €1,141 to €43
mainly Receivables within one year (-€36,043) and Tax, wage and social debts (-€2,193)
- Deferred charges and accrued income +€753
up €753 (+938.1%), from €80 to €833
- Trade debts +€36,007
up €36,007 (+1632.6%), from €2,205 to €38,212
- Tax, wage and social debts -€2,193
down €2,193 (-26.6%), from €8,233 to €6,040
- Profit (loss) carried forward +€1,885
up €1,885 (+8.7%), from €21,716 to €23,600
- Gross operating margin -€20,518
down €20,518 (-80.0%), from €25,658 to €5,140
- Taxes -€3,759
down €3,759 (-76.5%), from €4,914 to €1,155
- Other operating charges +€898
up €898 (+88.5%), from €1,014 to €1,912
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 | €37,154 | €72,853 | +€35,698 | +96.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €37,154 | €72,853 | +€35,698 | +96.1% |
| Amounts receivable within one year | 40/41 | €35,933 | €71,976 | +€36,043 | +100.3% |
| Trade receivables | 40 | €31,494 | €40,790 | +€9,296 | +29.5% |
| Other amounts receivable | 41 | €4,439 | €31,186 | +€26,747 | +602.5% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €1,141 | €43 | -€1,098 | -96.2% |
| Deferred charges and accrued income | 490/1 | €80 | €833 | +€753 | +938.1% |
| Total equity and liabilities | 10/49 | €37,154 | €72,853 | +€35,698 | +96.1% |
| Equity | 10/15 | €26,716 | €28,600 | +€1,885 | +7.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,716 | €23,600 | +€1,885 | +8.7% |
| Amounts payable | 17/49 | €10,439 | €44,252 | +€33,814 | +323.9% |
| Amounts payable within one year | 42/48 | €10,439 | €44,252 | +€33,814 | +323.9% |
| Trade debts | 44 | €2,205 | €38,212 | +€36,007 | +1632.6% |
| Suppliers | 440/4 | €2,205 | €38,212 | +€36,007 | +1632.6% |
| Taxes, remuneration and social security | 45 | €8,233 | €6,040 | -€2,193 | -26.6% |
| Taxes | 450/3 | €8,233 | €6,040 | -€2,193 | -26.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186 | €0 | -€186 | -100.0% |
| Other operating charges | 640/8 | €1,014 | €1,912 | +€898 | +88.5% |
| Gross operating margin | 9900 | €25,658 | €5,140 | -€20,518 | -80.0% |
| Operating profit (loss) | 9901 | €24,458 | €3,078 | -€21,380 | -87.4% |
| Financial income | 75/76B | €10 | €33 | +€22 | +215.7% |
| Recurring financial income | 75 | €10 | €33 | +€22 | +215.7% |
| Financial charges | 65/66B | €73 | €72 | -€1 | -1.5% |
| Recurring financial charges | 65 | €73 | €72 | -€1 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €24,396 | €3,039 | -€21,356 | -87.5% |
| Income taxes | 67/77 | €4,914 | €1,155 | -€3,759 | -76.5% |
| Profit (loss) for the period | 9904 | €19,482 | €1,885 | -€17,597 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,482 | €1,885 | -€17,597 | -90.3% |
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 11 October 2026 via checked.be.