MG Electrics: 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 Electrics
Largest movements
- Cash +€70,978
up €70,978 (+49.5%), from €143,456 to €214,435
mainly Net result for the year (+€65,064) and Tax, wage and social debts (+€16,737)
- Receivables within one year +€18,241
up €18,241 (+47.7%), from €38,249 to €56,490
of which Trade receivables: +€16,249
- Profit (loss) carried forward +€65,064
up €65,064 (+48.1%), from €135,270 to €200,334
- Tax, wage and social debts +€16,737
up €16,737 (+53.0%), from €31,574 to €48,311
- Trade debts +€8,525
up €8,525 (+71.3%), from €11,950 to €20,474
- Gross operating margin -€59,350
down €59,350 (-41.5%), from €142,866 to €83,516
- Taxes -€14,115
down €14,115 (-45.7%), from €30,859 to €16,744
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 | €186,203 | €274,119 | +€87,917 | +47.2% |
| Fixed assets | 21/28 | €3,770 | €2,529 | -€1,241 | -32.9% |
| Tangible fixed assets | 22/27 | €2,103 | €862 | -€1,241 | -59.0% |
| Furniture and vehicles | 24 | €2,103 | €862 | -€1,241 | -59.0% |
| Financial fixed assets | 28 | €1,667 | €1,667 | = | 0.0% |
| Current assets | 29/58 | €182,433 | €271,591 | +€89,158 | +48.9% |
| Amounts receivable within one year | 40/41 | €38,249 | €56,490 | +€18,241 | +47.7% |
| Trade receivables | 40 | €35,991 | €52,240 | +€16,249 | +45.1% |
| Other amounts receivable | 41 | €2,258 | €4,251 | +€1,992 | +88.2% |
| Cash at bank and in hand | 54/58 | €143,456 | €214,435 | +€70,978 | +49.5% |
| Deferred charges and accrued income | 490/1 | €727 | €666 | -€62 | -8.5% |
| Total equity and liabilities | 10/49 | €186,203 | €274,119 | +€87,917 | +47.2% |
| Equity | 10/15 | €140,270 | €205,334 | +€65,064 | +46.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,270 | €200,334 | +€65,064 | +48.1% |
| Amounts payable | 17/49 | €45,933 | €68,785 | +€22,852 | +49.8% |
| Amounts payable within one year | 42/48 | €45,933 | €68,785 | +€22,852 | +49.8% |
| Trade debts | 44 | €11,950 | €20,474 | +€8,525 | +71.3% |
| Suppliers | 440/4 | €11,950 | €20,474 | +€8,525 | +71.3% |
| Taxes, remuneration and social security | 45 | €31,574 | €48,311 | +€16,737 | +53.0% |
| Taxes | 450/3 | €31,574 | €48,311 | +€16,737 | +53.0% |
| Other amounts payable | 47/48 | €2,409 | €0 | -€2,409 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184 | €1,241 | +€57 | +4.9% |
| Other operating charges | 640/8 | €526 | €281 | -€245 | -46.6% |
| Gross operating margin | 9900 | €142,866 | €83,516 | -€59,350 | -41.5% |
| Operating profit (loss) | 9901 | €141,157 | €81,994 | -€59,163 | -41.9% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100.0% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Financial charges | 65/66B | €168 | €185 | +€18 | +10.4% |
| Recurring financial charges | 65 | €168 | €185 | +€18 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €141,013 | €81,809 | -€59,205 | -42.0% |
| Income taxes | 67/77 | €30,859 | €16,744 | -€14,115 | -45.7% |
| Profit (loss) for the period | 9904 | €110,154 | €65,064 | -€45,090 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,154 | €65,064 | -€45,090 | -40.9% |
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 9 October 2026 via checked.be.