MG FIRST CONSULTING: 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 FIRST CONSULTING
Largest movements
- Receivables within one year +€222,983
up €222,983 (+400.2%), from €55,716 to €278,699
of which Other amounts receivable: +€177,983
- Cash -€43,072
down €43,072 (-60.1%), from €71,697 to €28,625
mainly Receivables within one year (-€222,983) and Trade debts (-€6,265)
- Tangible fixed assets -€28,275
down €28,275 (-13.8%), from €205,182 to €176,907
of which Furniture and vehicles: -€15,983
- Profit (loss) carried forward +€82,799
up €82,799 (+63.2%), from €131,109 to €213,908
- Debts after one year +€35,751
up €35,751 (+23.8%), from €150,413 to €186,163
- Tax, wage and social debts +€22,611
up €22,611 (+112.4%), from €20,125 to €42,736
- Current portion of long-term debt +€16,035
up €16,035 (+66.0%), from €24,287 to €40,322
- Trade debts -€6,265
down €6,265 (-100.0%), from €6,265 to €0
- Gross operating margin +€45,515
up €45,515 (+35.4%), from €128,430 to €173,944
- Financial charges +€30,324
up €30,324 (+670.3%), from €4,524 to €34,848
- Depreciation +€5,537
up €5,537 (+20.5%), from €27,053 to €32,590
- Taxes +€2,486
up €2,486 (+12.4%), from €20,125 to €22,611
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 | €334,700 | €485,630 | +€150,930 | +45.1% |
| Fixed assets | 21/28 | €205,687 | €177,412 | -€28,275 | -13.7% |
| Tangible fixed assets | 22/27 | €205,182 | €176,907 | -€28,275 | -13.8% |
| Land and buildings | 22 | €155,062 | €143,130 | -€11,931 | -7.7% |
| Furniture and vehicles | 24 | €49,418 | €33,435 | -€15,983 | -32.3% |
| Other tangible fixed assets | 26 | €702 | €341 | -€361 | -51.4% |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €129,013 | €308,219 | +€179,205 | +138.9% |
| Amounts receivable within one year | 40/41 | €55,716 | €278,699 | +€222,983 | +400.2% |
| Trade receivables | 40 | €55,000 | €100,000 | +€45,000 | +81.8% |
| Other amounts receivable | 41 | €716 | €178,699 | +€177,983 | +24853.8% |
| Cash at bank and in hand | 54/58 | €71,697 | €28,625 | -€43,072 | -60.1% |
| Deferred charges and accrued income | 490/1 | €1,600 | €894 | -€705 | -44.1% |
| Total equity and liabilities | 10/49 | €334,700 | €485,630 | +€150,930 | +45.1% |
| Equity | 10/15 | €133,609 | €216,408 | +€82,799 | +62.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,109 | €213,908 | +€82,799 | +63.2% |
| Amounts payable | 17/49 | €201,091 | €269,222 | +€68,131 | +33.9% |
| Amounts payable after more than one year | 17 | €150,413 | €186,163 | +€35,751 | +23.8% |
| Financial debts | 170/4 | €150,413 | €186,163 | +€35,751 | +23.8% |
| Amounts payable within one year | 42/48 | €50,678 | €83,058 | +€32,380 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €24,287 | €40,322 | +€16,035 | +66.0% |
| Trade debts | 44 | €6,265 | €0 | -€6,265 | -100.0% |
| Suppliers | 440/4 | €6,265 | €0 | -€6,265 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,125 | €42,736 | +€22,611 | +112.4% |
| Taxes | 450/3 | €20,125 | €42,736 | +€22,611 | +112.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,053 | €32,590 | +€5,537 | +20.5% |
| Other operating charges | 640/8 | €575 | €1,089 | +€514 | +89.3% |
| Gross operating margin | 9900 | €128,430 | €173,944 | +€45,515 | +35.4% |
| Operating profit (loss) | 9901 | €100,802 | €140,265 | +€39,464 | +39.1% |
| Financial income | 75/76B | €215 | €0 | -€215 | -100.0% |
| Recurring financial income | 75 | €215 | €0 | -€215 | -100.0% |
| Financial charges | 65/66B | €4,524 | €34,848 | +€30,324 | +670.3% |
| Recurring financial charges | 65 | €4,524 | €34,848 | +€30,324 | +670.3% |
| Profit (loss) for the period before taxes | 9903 | €96,493 | €105,417 | +€8,924 | +9.2% |
| Income taxes | 67/77 | €20,125 | €22,611 | +€2,486 | +12.4% |
| Profit (loss) for the period | 9904 | €76,367 | €82,806 | +€6,439 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,367 | €82,806 | +€6,439 | +8.4% |
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 11 October 2026 via checked.be.