MG FROID: 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 FROID
Largest movements
- Receivables within one year -€52,275
down €52,275 (-85.8%), from €60,894 to €8,619
of which Trade receivables: -€49,146
- Cash +€18,726
up €18,726 (+176%), from €10,650 to €29,376
mainly Receivables within one year (+€52,275) and Depreciation (+€10,422)
- Tangible fixed assets -€10,199
down €10,199 (-33.0%), from €30,880 to €20,681
of which Furniture and vehicles: -€9,966
- Deferred charges and accrued income -€6,085
down €6,085 (-100%), from €6,085 to €0
- Profit (loss) carried forward -€32,447
down €32,447, from €30,845 to -€1,602
- Debts after one year -€7,494
down €7,494 (-35.5%), from €21,116 to €13,622
- Tax, wage and social debts -€4,607
no longer reported in 2025 (was €4,607)
of which Remuneration and social security: -€4,037
- Trade debts -€3,362
down €3,362 (-54.0%), from €6,230 to €2,868
- Current portion of long-term debt -€2,277
down €2,277 (-23.3%), from €9,771 to €7,494
- Turnover -€133,368
down €133,368 (-87.4%), from €152,650 to €19,282
- Purchases and services -€72,624
down €72,624 (-71.6%), from €101,482 to €28,858
- Gross operating margin -€60,744
down €60,744, from €51,168 to -€9,576
- Other operating charges -€22,951
down €22,951 (-97.7%), from €23,500 to €549
- Staff costs -€6,820
down €6,820 (-41.3%), from €16,520 to €9,700
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 | €110,192 | €60,135 | -€50,057 | -45.4% |
| Formation expenses | 20 | €883 | €659 | -€224 | -25.4% |
| Fixed assets | 21/28 | €31,680 | €21,481 | -€10,199 | -32.2% |
| Tangible fixed assets | 22/27 | €30,880 | €20,681 | -€10,199 | -33.0% |
| Plant, machinery and equipment | 23 | €1,029 | €796 | -€233 | -22.6% |
| Furniture and vehicles | 24 | €29,851 | €19,885 | -€9,966 | -33.4% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €77,629 | €37,995 | -€39,634 | -51.1% |
| Amounts receivable within one year | 40/41 | €60,894 | €8,619 | -€52,275 | -85.8% |
| Trade receivables | 40 | €49,194 | €48 | -€49,146 | -99.9% |
| Other amounts receivable | 41 | €11,700 | €8,571 | -€3,129 | -26.7% |
| Cash at bank and in hand | 54/58 | €10,650 | €29,376 | +€18,726 | +176% |
| Deferred charges and accrued income | 490/1 | €6,085 | €0 | -€6,085 | -100% |
| Total equity and liabilities | 10/49 | €110,192 | €60,135 | -€50,057 | -45.4% |
| Equity | 10/15 | €66,175 | €33,729 | -€32,446 | -49.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €14,870 | €14,871 | +€1 | 0.0% |
| Distributable reserves | 133 | €14,870 | €14,871 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €30,845 | -€1,602 | -€32,447 | |
| Amounts payable | 17/49 | €44,017 | €26,406 | -€17,611 | -40.0% |
| Amounts payable after more than one year | 17 | €21,116 | €13,622 | -€7,494 | -35.5% |
| Financial debts | 170/4 | €21,116 | €13,622 | -€7,494 | -35.5% |
| Amounts payable within one year | 42/48 | €22,347 | €12,526 | -€9,821 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €9,771 | €7,494 | -€2,277 | -23.3% |
| Trade debts | 44 | €6,230 | €2,868 | -€3,362 | -54.0% |
| Suppliers | 440/4 | €6,230 | €2,868 | -€3,362 | -54.0% |
| Taxes, remuneration and social security | 45 | €4,607 | - | -€4,607 | |
| Taxes | 450/3 | €570 | - | -€570 | |
| Remuneration and social security | 454/9 | €4,037 | - | -€4,037 | |
| Other amounts payable | 47/48 | €1,739 | €2,164 | +€425 | +24.4% |
| Accrued charges and deferred income | 492/3 | €554 | €258 | -€296 | -53.4% |
| Turnover | 70 | €152,650 | €19,282 | -€133,368 | -87.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €101,482 | €28,858 | -€72,624 | -71.6% |
| Remuneration, social security and pensions | 62 | €16,520 | €9,700 | -€6,820 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,158 | €10,422 | +€1,264 | +13.8% |
| Other operating charges | 640/8 | €23,500 | €549 | -€22,951 | -97.7% |
| Gross operating margin | 9900 | €51,168 | -€9,576 | -€60,744 | |
| Operating profit (loss) | 9901 | €1,990 | -€30,247 | -€32,237 | |
| Financial income | 75/76B | €49 | €1 | -€48 | -98.0% |
| Recurring financial income | 75 | €49 | €1 | -€48 | -98.0% |
| Financial charges | 65/66B | €3,094 | €2,201 | -€893 | -28.9% |
| Recurring financial charges | 65 | €3,094 | €2,201 | -€893 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,055 | -€32,447 | -€31,392 | -2,976% |
| Profit (loss) for the period | 9904 | -€1,055 | -€32,447 | -€31,392 | -2,976% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,055 | -€32,447 | -€31,392 | -2,976% |
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 20 October 2026 via checked.be.