MG Expertise: 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 Expertise
Largest movements
- Cash +€18,853
up €18,853 (+50.6%), from €37,251 to €56,104
mainly Other debts (+€37,617) and Net result for the year (+€24,649)
- Tangible fixed assets -€11,859
down €11,859 (-71.2%), from €16,662 to €4,803
- Other debts +€37,617
up €37,617 (+4,055%), from €928 to €38,544
- Profit (loss) carried forward -€11,923
down €11,923 (-100%), from €11,923 to €0
- Reserves -€9,841
down €9,841 (-100%), from €9,841 to €0
- Current portion of long-term debt -€9,123
down €9,123 (-74.9%), from €12,187 to €3,064
- Tax, wage and social debts +€4,737
up €4,737 (+34.6%), from €13,686 to €18,424
of which Remuneration and social security: +€3,034
- Gross operating margin +€21,907
up €21,907 (+29.3%), from €74,705 to €96,613
- Taxes +€5,742
up €5,742 (+158%), from €3,635 to €9,376
- Staff costs +€2,853
up €2,853 (+6.4%), from €44,574 to €47,427
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 | €76,554 | €82,990 | +€6,437 | +8.4% |
| Fixed assets | 21/28 | €17,219 | €5,260 | -€11,959 | -69.5% |
| Intangible fixed assets | 21 | €317 | €217 | -€100 | -31.5% |
| Tangible fixed assets | 22/27 | €16,662 | €4,803 | -€11,859 | -71.2% |
| Furniture and vehicles | 24 | €16,662 | €4,803 | -€11,859 | -71.2% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €59,335 | €77,731 | +€18,396 | +31.0% |
| Amounts receivable within one year | 40/41 | €2,750 | €2,079 | -€671 | -24.4% |
| Trade receivables | 40 | €615 | €1,775 | +€1,160 | +189% |
| Other amounts receivable | 41 | €2,135 | €304 | -€1,831 | -85.8% |
| Current investments | 50/53 | €18,600 | €18,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,251 | €56,104 | +€18,853 | +50.6% |
| Deferred charges and accrued income | 490/1 | €734 | €948 | +€214 | +29.2% |
| Total equity and liabilities | 10/49 | €76,554 | €82,990 | +€6,437 | +8.4% |
| Equity | 10/15 | €40,364 | €18,600 | -€21,764 | -53.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,841 | €0 | -€9,841 | -100% |
| Distributable reserves | 133 | €9,841 | €0 | -€9,841 | -100% |
| Profit (loss) carried forward | 14 | €11,923 | €0 | -€11,923 | -100% |
| Amounts payable | 17/49 | €36,190 | €64,390 | +€28,201 | +77.9% |
| Amounts payable after more than one year | 17 | €3,064 | €0 | -€3,064 | -100% |
| Financial debts | 170/4 | €3,064 | €0 | -€3,064 | -100% |
| Amounts payable within one year | 42/48 | €33,114 | €64,390 | +€31,276 | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €12,187 | €3,064 | -€9,123 | -74.9% |
| Trade debts | 44 | €5,794 | €4,359 | -€1,435 | -24.8% |
| Suppliers | 440/4 | €5,794 | €4,359 | -€1,435 | -24.8% |
| Advances received on contracts in progress | 46 | €521 | €0 | -€521 | -100% |
| Taxes, remuneration and social security | 45 | €13,686 | €18,424 | +€4,737 | +34.6% |
| Taxes | 450/3 | €5,714 | €7,418 | +€1,703 | +29.8% |
| Remuneration and social security | 454/9 | €7,972 | €11,006 | +€3,034 | +38.1% |
| Other amounts payable | 47/48 | €928 | €38,544 | +€37,617 | +4,055% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100% |
| Remuneration, social security and pensions | 62 | €44,574 | €47,427 | +€2,853 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,345 | €13,612 | +€267 | +2.0% |
| Other operating charges | 640/8 | €725 | €800 | +€74 | +10.3% |
| Gross operating margin | 9900 | €74,705 | €96,613 | +€21,907 | +29.3% |
| Operating profit (loss) | 9901 | €16,062 | €34,774 | +€18,712 | +117% |
| Financial income | 75/76B | €340 | €0 | -€340 | -100.0% |
| Recurring financial income | 75 | €340 | €0 | -€340 | -100.0% |
| Financial charges | 65/66B | €844 | €749 | -€96 | -11.3% |
| Recurring financial charges | 65 | €844 | €749 | -€96 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €15,557 | €34,025 | +€18,468 | +119% |
| Income taxes | 67/77 | €3,635 | €9,376 | +€5,742 | +158% |
| Profit (loss) for the period | 9904 | €11,923 | €24,649 | +€12,726 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €11,923 | €24,649 | +€12,726 | +107% |
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 24 October 2026 via checked.be.