MG - FIN: 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 - FIN
Largest movements
- Deferred charges and accrued income +€602
new in 2024: €602
- Other debts +€2,022
new in 2024: €2,022
- Profit (loss) carried forward -€1,321
down €1,321 (-8.2%), from -€16,184 to -€17,505
- Staff costs -€18,826
no longer reported in 2024 (was €18,826)
- Gross operating margin -€1,378
down €1,378, from €57 to -€1,321
- Turnover -€1,028
no longer reported in 2024 (was €1,028)
- Purchases and services -€971
no longer reported in 2024 (was €971)
- Depreciation -€30
no longer reported in 2024 (was €30)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,343 | €20,044 | +€701 | +3.6% |
| Current assets | 29/58 | €19,343 | €20,044 | +€701 | +3.6% |
| Amounts receivable after more than one year | 29 | €18,969 | €18,969 | = | 0.0% |
| Trade receivables | 290 | €18,969 | €18,969 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €151 | €250 | +€99 | +65.6% |
| Other amounts receivable | 41 | €151 | €250 | +€99 | +65.6% |
| Cash at bank and in hand | 54/58 | €223 | €223 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €602 | +€602 | |
| Total equity and liabilities | 10/49 | €19,343 | €20,044 | +€701 | +3.6% |
| Equity | 10/15 | -€12,325 | -€13,646 | -€1,321 | -10.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,184 | -€17,505 | -€1,321 | -8.2% |
| Amounts payable | 17/49 | €31,668 | €33,690 | +€2,022 | +6.4% |
| Amounts payable within one year | 42/48 | €31,668 | €33,690 | +€2,022 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €12,748 | €12,748 | = | 0.0% |
| Trade debts | 44 | €9,613 | €9,613 | = | 0.0% |
| Suppliers | 440/4 | €9,613 | €9,613 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,307 | €9,307 | = | 0.0% |
| Remuneration and social security | 454/9 | €9,307 | €9,307 | = | 0.0% |
| Other amounts payable | 47/48 | - | €2,022 | +€2,022 | |
| Turnover | 70 | €1,028 | - | -€1,028 | |
| Goods, raw materials, services and sundry goods | 60/61 | €971 | - | -€971 | |
| Remuneration, social security and pensions | 62 | €18,826 | - | -€18,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | - | -€30 | |
| Gross operating margin | 9900 | €57 | -€1,321 | -€1,378 | |
| Operating profit (loss) | 9901 | -€18,799 | -€1,321 | +€17,478 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,799 | -€1,321 | +€17,478 | +93.0% |
| Profit (loss) for the period | 9904 | -€18,799 | -€1,321 | +€17,478 | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,799 | -€1,321 | +€17,478 | +93.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.