MG ENERGIES: what changed
MG ENERGIES
Largest movements
- Tangible fixed assets -€19,286
down €19,286 (-34.0%), from €56,641 to €37,355
of which Furniture and vehicles: -€18,386
- Cash -€9,777
down €9,777 (-51.9%), from €18,841 to €9,065
mainly Tax, wage and social debts (-€15,979) and Debts after one year (-€13,995)
- Deferred charges and accrued income -€2,729
down €2,729 (-96.0%), from €2,844 to €114
- Receivables within one year +€1,788
up €1,788 (+2.0%), from €87,850 to €89,638
of which Other amounts receivable: +€3,556
- Tax, wage and social debts -€15,979
down €15,979 (-51.1%), from €31,271 to €15,292
of which Remuneration and social security: -€16,783
- Debts after one year -€13,995
down €13,995 (-36.1%), from €38,724 to €24,729
- Profit (loss) carried forward +€12,343
up €12,343 (+29.0%), from €42,544 to €54,887
- Trade debts -€8,171
down €8,171 (-29.9%), from €27,294 to €19,123
- Current portion of long-term debt -€3,348
down €3,348 (-19.3%), from €17,343 to €13,995
- Staff costs -€32,714
down €32,714 (-66.5%), from €49,204 to €16,490
- Gross operating margin +€16,078
up €16,078 (+39.8%), from €40,426 to €56,504
- Depreciation -€6,279
down €6,279 (-24.6%), from €25,565 to €19,286
- Other operating charges -€1,759
down €1,759 (-40.0%), from €4,397 to €2,638
- Financial charges -€860
down €860 (-12.7%), from €6,758 to €5,897
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,547 | €141,543 | -€31,005 | -18.0% |
| Fixed assets | 21/28 | €59,012 | €39,726 | -€19,286 | -32.7% |
| Tangible fixed assets | 22/27 | €56,641 | €37,355 | -€19,286 | -34.0% |
| Plant, machinery and equipment | 23 | €959 | €59 | -€900 | -93.9% |
| Furniture and vehicles | 24 | €55,681 | €37,296 | -€18,386 | -33.0% |
| Financial fixed assets | 28 | €2,371 | €2,371 | = | 0.0% |
| Current assets | 29/58 | €113,535 | €101,817 | -€11,719 | -10.3% |
| Stocks and contracts in progress | 3 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Stocks | 30/36 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €87,850 | €89,638 | +€1,788 | +2.0% |
| Trade receivables | 40 | €83,992 | €82,223 | -€1,769 | -2.1% |
| Other amounts receivable | 41 | €3,858 | €7,415 | +€3,556 | +92.2% |
| Cash at bank and in hand | 54/58 | €18,841 | €9,065 | -€9,777 | -51.9% |
| Deferred charges and accrued income | 490/1 | €2,844 | €114 | -€2,729 | -96.0% |
| Total equity and liabilities | 10/49 | €172,547 | €141,543 | -€31,005 | -18.0% |
| Equity | 10/15 | €47,544 | €59,887 | +€12,343 | +26.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,544 | €54,887 | +€12,343 | +29.0% |
| Amounts payable | 17/49 | €125,003 | €81,656 | -€43,347 | -34.7% |
| Amounts payable after more than one year | 17 | €38,724 | €24,729 | -€13,995 | -36.1% |
| Financial debts | 170/4 | €38,724 | €24,729 | -€13,995 | -36.1% |
| Amounts payable within one year | 42/48 | €84,895 | €56,927 | -€27,968 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €17,343 | €13,995 | -€3,348 | -19.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €27,294 | €19,123 | -€8,171 | -29.9% |
| Suppliers | 440/4 | €27,294 | €19,123 | -€8,171 | -29.9% |
| Taxes, remuneration and social security | 45 | €31,271 | €15,292 | -€15,979 | -51.1% |
| Taxes | 450/3 | €12,668 | €13,472 | +€804 | +6.3% |
| Remuneration and social security | 454/9 | €18,603 | €1,820 | -€16,783 | -90.2% |
| Other amounts payable | 47/48 | €8,987 | €8,517 | -€470 | -5.2% |
| Accrued charges and deferred income | 492/3 | €1,384 | - | -€1,384 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €49,204 | €16,490 | -€32,714 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,565 | €19,286 | -€6,279 | -24.6% |
| Other operating charges | 640/8 | €4,397 | €2,638 | -€1,759 | -40.0% |
| Gross operating margin | 9900 | €40,426 | €56,504 | +€16,078 | +39.8% |
| Operating profit (loss) | 9901 | -€38,741 | €18,090 | +€56,831 | |
| Financial income | 75/76B | €241 | €0 | -€241 | -100.0% |
| Recurring financial income | 75 | €241 | €0 | -€241 | -100.0% |
| Financial charges | 65/66B | €6,758 | €5,897 | -€860 | -12.7% |
| Recurring financial charges | 65 | €6,758 | €5,897 | -€860 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,257 | €12,193 | +€57,450 | |
| Income taxes | 67/77 | €362 | -€150 | -€511 | |
| Profit (loss) for the period | 9904 | -€45,619 | €12,343 | +€57,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,619 | €12,343 | +€57,962 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.