MG ENGINEERING: 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 ENGINEERING
Largest movements
- Current investments +€429,021
new in 2025: €429,021
- Tangible fixed assets -€343,129
down €343,129 (-87.5%), from €391,942 to €48,813
of which Land and buildings: -€331,421
- Receivables within one year -€19,719
down €19,719 (-19.4%), from €101,531 to €81,812
of which Trade receivables: -€56,414
- Cash +€19,264
up €19,264 (+48.9%), from €39,431 to €58,695
mainly Investment in fixed assets (net) (+€331,421) and Net result for the year (+€276,246)
- Deferred charges and accrued income -€11,948
down €11,948 (-75.7%), from €15,786 to €3,838
- Debts after one year -€199,709
down €199,709 (-91.5%), from €218,149 to €18,440
of which Financial debts: -€129,709
- Other debts +€181,727
up €181,727 (+9197.7%), from €1,976 to €183,703
- Reserves +€97,417
up €97,417 (+20.7%), from €470,869 to €568,286
- Current portion of long-term debt -€41,557
down €41,557 (-88.2%), from €47,105 to €5,548
- Tax, wage and social debts +€29,895
up €29,895 (+85.8%), from €34,841 to €64,736
of which Taxes: +€25,596
- Gross operating margin +€190,172
up €190,172 (+136.3%), from €139,504 to €329,676
- Taxes +€57,730
up €57,730 (+151.3%), from €38,162 to €95,892
- Financial income -€42,178
down €42,178 (-31.6%), from €133,271 to €91,093
- Depreciation -€19,482
down €19,482 (-62.5%), from €31,190 to €11,708
- Staff costs +€16,769
up €16,769 (+297.5%), from €5,636 to €22,405
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 | €880,340 | €953,829 | +€73,489 | +8.3% |
| Fixed assets | 21/28 | €723,592 | €380,463 | -€343,129 | -47.4% |
| Tangible fixed assets | 22/27 | €391,942 | €48,813 | -€343,129 | -87.5% |
| Land and buildings | 22 | €331,421 | - | -€331,421 | |
| Plant, machinery and equipment | 23 | €37,514 | - | -€37,514 | |
| Furniture and vehicles | 24 | €23,007 | €15,742 | -€7,265 | -31.6% |
| Other tangible fixed assets | 26 | - | €33,071 | +€33,071 | |
| Financial fixed assets | 28 | €331,650 | €331,650 | = | 0.0% |
| Current assets | 29/58 | €156,748 | €573,366 | +€416,618 | +265.8% |
| Amounts receivable within one year | 40/41 | €101,531 | €81,812 | -€19,719 | -19.4% |
| Trade receivables | 40 | €89,320 | €32,906 | -€56,414 | -63.2% |
| Other amounts receivable | 41 | €12,211 | €48,906 | +€36,695 | +300.5% |
| Current investments | 50/53 | - | €429,021 | +€429,021 | |
| Cash at bank and in hand | 54/58 | €39,431 | €58,695 | +€19,264 | +48.9% |
| Deferred charges and accrued income | 490/1 | €15,786 | €3,838 | -€11,948 | -75.7% |
| Total equity and liabilities | 10/49 | €880,340 | €953,829 | +€73,489 | +8.3% |
| Equity | 10/15 | €562,807 | €659,305 | +€96,498 | +17.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €470,869 | €568,286 | +€97,417 | +20.7% |
| Distributable reserves | 133 | €470,869 | €568,286 | +€97,417 | +20.7% |
| Investment grants | 15 | €11,938 | €11,019 | -€918 | -7.7% |
| Amounts payable | 17/49 | €317,533 | €294,524 | -€23,009 | -7.2% |
| Amounts payable after more than one year | 17 | €218,149 | €18,440 | -€199,709 | -91.5% |
| Financial debts | 170/4 | €134,012 | €4,303 | -€129,709 | -96.8% |
| Other amounts payable | 178/9 | €84,137 | €14,137 | -€70,000 | -83.2% |
| Amounts payable within one year | 42/48 | €99,384 | €276,084 | +€176,700 | +177.8% |
| Current portion of amounts payable after more than one year | 42 | €47,105 | €5,548 | -€41,557 | -88.2% |
| Trade debts | 44 | €15,462 | €22,096 | +€6,635 | +42.9% |
| Suppliers | 440/4 | €15,462 | €22,096 | +€6,635 | +42.9% |
| Taxes, remuneration and social security | 45 | €34,841 | €64,736 | +€29,895 | +85.8% |
| Taxes | 450/3 | €30,169 | €55,764 | +€25,596 | +84.8% |
| Remuneration and social security | 454/9 | €4,673 | €8,972 | +€4,299 | +92.0% |
| Other amounts payable | 47/48 | €1,976 | €183,703 | +€181,727 | +9197.7% |
| Non-recurring operating income | 76A | €12,943 | €172,896 | +€159,953 | +1235.8% |
| Remuneration, social security and pensions | 62 | €5,636 | €22,405 | +€16,769 | +297.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,190 | €11,708 | -€19,482 | -62.5% |
| Other operating charges | 640/8 | €8,556 | €8,818 | +€262 | +3.1% |
| Gross operating margin | 9900 | €139,504 | €329,676 | +€190,172 | +136.3% |
| Operating profit (loss) | 9901 | €94,122 | €286,745 | +€192,622 | +204.7% |
| Financial income | 75/76B | €133,271 | €91,093 | -€42,178 | -31.6% |
| Recurring financial income | 75 | €133,271 | €91,093 | -€42,178 | -31.6% |
| Financial charges | 65/66B | €6,502 | €5,700 | -€802 | -12.3% |
| Recurring financial charges | 65 | €6,502 | €5,275 | -€1,227 | -18.9% |
| Non-recurring financial charges | 66B | - | €425 | +€425 | |
| Profit (loss) for the period before taxes | 9903 | €220,892 | €372,138 | +€151,246 | +68.5% |
| Income taxes | 67/77 | €38,162 | €95,892 | +€57,730 | +151.3% |
| Profit (loss) for the period | 9904 | €182,730 | €276,246 | +€93,516 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €182,730 | €276,246 | +€93,516 | +51.2% |
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 2 October 2026 via checked.be.