MG FOOD: 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 FOOD
Largest movements
- Cash -€57,692
down €57,692 (-23.2%), from €248,596 to €190,904
mainly Tax, wage and social debts (-€67,072) and Receivables within one year (-€23,741)
- Receivables within one year +€23,741
up €23,741 (+58.9%), from €40,290 to €64,030
of which Trade receivables: +€23,987
- Tangible fixed assets -€4,322
down €4,322 (-14.0%), from €30,971 to €26,649
of which Furniture and vehicles: -€15,232
- Stocks and contracts -€4,288
down €4,288 (-16.5%), from €25,992 to €21,704
- Tax, wage and social debts -€67,072
down €67,072 (-54.8%), from €122,358 to €55,286
of which Remuneration and social security: -€61,108
- Reserves +€20,251
up €20,251 (+22.8%), from €88,859 to €109,109
- Trade debts +€6,852
up €6,852 (+5.9%), from €115,323 to €122,175
- Gross operating margin -€202,237
down €202,237 (-21.5%), from €942,001 to €739,764
- Staff costs -€113,536
down €113,536 (-14.3%), from €792,042 to €678,506
- Taxes -€19,985
down €19,985 (-73.4%), from €27,217 to €7,232
- Depreciation -€10,608
down €10,608 (-30.9%), from €34,334 to €23,727
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 | €348,473 | €308,522 | -€39,951 | -11.5% |
| Fixed assets | 21/28 | €30,971 | €26,649 | -€4,322 | -14.0% |
| Tangible fixed assets | 22/27 | €30,971 | €26,649 | -€4,322 | -14.0% |
| Plant, machinery and equipment | 23 | €5,698 | €17,687 | +€11,990 | +210% |
| Furniture and vehicles | 24 | €22,724 | €7,492 | -€15,232 | -67.0% |
| Other tangible fixed assets | 26 | €2,550 | €1,470 | -€1,080 | -42.4% |
| Current assets | 29/58 | €317,501 | €281,873 | -€35,629 | -11.2% |
| Stocks and contracts in progress | 3 | €25,992 | €21,704 | -€4,288 | -16.5% |
| Stocks | 30/36 | €25,992 | €21,704 | -€4,288 | -16.5% |
| Amounts receivable within one year | 40/41 | €40,290 | €64,030 | +€23,741 | +58.9% |
| Trade receivables | 40 | €29,480 | €53,467 | +€23,987 | +81.4% |
| Other amounts receivable | 41 | €10,810 | €10,563 | -€247 | -2.3% |
| Cash at bank and in hand | 54/58 | €248,596 | €190,904 | -€57,692 | -23.2% |
| Deferred charges and accrued income | 490/1 | €2,624 | €5,235 | +€2,611 | +99.5% |
| Total equity and liabilities | 10/49 | €348,473 | €308,522 | -€39,951 | -11.5% |
| Equity | 10/15 | €108,859 | €129,109 | +€20,251 | +18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €88,859 | €109,109 | +€20,251 | +22.8% |
| Distributable reserves | 133 | €88,859 | €109,109 | +€20,251 | +22.8% |
| Amounts payable | 17/49 | €239,614 | €179,412 | -€60,202 | -25.1% |
| Amounts payable within one year | 42/48 | €239,614 | €179,412 | -€60,202 | -25.1% |
| Trade debts | 44 | €115,323 | €122,175 | +€6,852 | +5.9% |
| Suppliers | 440/4 | €115,323 | €122,175 | +€6,852 | +5.9% |
| Taxes, remuneration and social security | 45 | €122,358 | €55,286 | -€67,072 | -54.8% |
| Taxes | 450/3 | €13,459 | €7,495 | -€5,964 | -44.3% |
| Remuneration and social security | 454/9 | €108,899 | €47,791 | -€61,108 | -56.1% |
| Other amounts payable | 47/48 | €1,933 | €1,951 | +€18 | +0.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €792,042 | €678,506 | -€113,536 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,334 | €23,727 | -€10,608 | -30.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,979 | +€3,979 | |
| Other operating charges | 640/8 | €6,653 | €5,940 | -€713 | -10.7% |
| Gross operating margin | 9900 | €942,001 | €739,764 | -€202,237 | -21.5% |
| Operating profit (loss) | 9901 | €108,972 | €27,613 | -€81,359 | -74.7% |
| Financial income | 75/76B | €463 | €501 | +€38 | +8.2% |
| Recurring financial income | 75 | €463 | €501 | +€38 | +8.2% |
| Financial charges | 65/66B | €4,023 | €631 | -€3,391 | -84.3% |
| Recurring financial charges | 65 | €4,023 | €631 | -€3,391 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €105,412 | €27,483 | -€77,929 | -73.9% |
| Income taxes | 67/77 | €27,217 | €7,232 | -€19,985 | -73.4% |
| Profit (loss) for the period | 9904 | €78,195 | €20,251 | -€57,944 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,195 | €20,251 | -€57,944 | -74.1% |
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 30 October 2026 via checked.be.