MG Energy Technics: 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 Energy Technics
Largest movements
- Cash -€215,141
down €215,141 (-88.0%), from €244,354 to €29,213
mainly Contributions, distributions and other (-€380,454) and Tax, wage and social debts (-€32,209)
- Receivables within one year +€31,274
up €31,274 (+28.0%), from €111,627 to €142,901
of which Trade receivables: +€33,044
- Stocks and contracts -€5,780
down €5,780 (-28.7%), from €20,150 to €14,370
- Tangible fixed assets -€5,383
down €5,383 (-32.4%), from €16,606 to €11,223
- Reserves -€305,045
no longer reported in 2025 (was €305,045)
- Other debts +€148,356
up €148,356 (+382%), from €38,855 to €187,211
- Tax, wage and social debts -€32,209
down €32,209 (-98.8%), from €32,606 to €397
- Trade debts -€5,828
down €5,828 (-51.9%), from €11,231 to €5,403
- Gross operating margin +€15,175
up €15,175 (+18.3%), from €82,914 to €98,089
- Taxes +€3,374
up €3,374 (+21.4%), from €15,802 to €19,176
- Financial income +€985
up €985 (+59.3%), from €1,661 to €2,646
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 | €392,737 | €198,010 | -€194,726 | -49.6% |
| Fixed assets | 21/28 | €16,606 | €11,223 | -€5,383 | -32.4% |
| Tangible fixed assets | 22/27 | €16,606 | €11,223 | -€5,383 | -32.4% |
| Furniture and vehicles | 24 | €16,606 | €11,223 | -€5,383 | -32.4% |
| Current assets | 29/58 | €376,130 | €186,787 | -€189,343 | -50.3% |
| Stocks and contracts in progress | 3 | €20,150 | €14,370 | -€5,780 | -28.7% |
| Stocks | 30/36 | €20,150 | €14,370 | -€5,780 | -28.7% |
| Amounts receivable within one year | 40/41 | €111,627 | €142,901 | +€31,274 | +28.0% |
| Trade receivables | 40 | €69,267 | €102,312 | +€33,044 | +47.7% |
| Other amounts receivable | 41 | €42,359 | €40,589 | -€1,770 | -4.2% |
| Cash at bank and in hand | 54/58 | €244,354 | €29,213 | -€215,141 | -88.0% |
| Deferred charges and accrued income | 490/1 | - | €303 | +€303 | |
| Total equity and liabilities | 10/49 | €392,737 | €198,010 | -€194,726 | -49.6% |
| Equity | 10/15 | €310,045 | €5,000 | -€305,045 | -98.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €305,045 | - | -€305,045 | |
| Distributable reserves | 133 | €305,045 | - | -€305,045 | |
| Amounts payable | 17/49 | €82,691 | €193,010 | +€110,319 | +133% |
| Amounts payable within one year | 42/48 | €82,691 | €193,010 | +€110,319 | +133% |
| Trade debts | 44 | €11,231 | €5,403 | -€5,828 | -51.9% |
| Suppliers | 440/4 | €11,231 | €5,403 | -€5,828 | -51.9% |
| Taxes, remuneration and social security | 45 | €32,606 | €397 | -€32,209 | -98.8% |
| Taxes | 450/3 | €32,606 | €397 | -€32,209 | -98.8% |
| Other amounts payable | 47/48 | €38,855 | €187,211 | +€148,356 | +382% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,383 | €5,383 | = | 0.0% |
| Other operating charges | 640/8 | €702 | €578 | -€124 | -17.7% |
| Gross operating margin | 9900 | €82,914 | €98,089 | +€15,175 | +18.3% |
| Operating profit (loss) | 9901 | €76,829 | €92,128 | +€15,299 | +19.9% |
| Financial income | 75/76B | €1,661 | €2,646 | +€985 | +59.3% |
| Recurring financial income | 75 | €1,661 | €2,646 | +€985 | +59.3% |
| Financial charges | 65/66B | €224 | €190 | -€34 | -15.2% |
| Recurring financial charges | 65 | €224 | €190 | -€34 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €78,266 | €94,585 | +€16,318 | +20.8% |
| Income taxes | 67/77 | €15,802 | €19,176 | +€3,374 | +21.4% |
| Profit (loss) for the period | 9904 | €62,465 | €75,409 | +€12,944 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,465 | €75,409 | +€12,944 | +20.7% |
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 27 October 2026 via checked.be.